3-Room HDB for Room Rent: 20 Marine Terrace

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 47 years, is currently estimated at $79,656, translating to a price per square foot (PSF) of $398. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property has been priced in accordance with prevailing market trends. However, it is crucial to consider that this model carries a low confidence level, indicating potential volatility in the valuation due to external market factors and the specific characteristics of the property.

Analysis of recent HDB resale transactions in the vicinity, totaling five comparable sales, underscores the competitive landscape within the Marine Parade area. Given the high demand for HDB units in this locale, combined with the diminishing lease tenure, this property represents a delicate balance between investment potential and the risks associated with a shorter remaining lease period. As the market evolves, those interested in this segment must weigh the implications of leasehold properties against broader economic conditions, as they play a significant role in shaping buyer sentiment and future resale values.