3-Room HDB for Room Rent: 33 Marine Crescent

The valuation of the HDB 3 Room property located in the prestigious Marine Parade district, with a remaining lease of 47 years, is estimated at $109,901, reflecting a price per square foot (PSF) of $440. This valuation is grounded in robust market analysis, with a baseline market price indicating a 0% deviation, suggesting a stable pricing environment for similar properties in the area. The absence of significant price fluctuations reinforces the appeal of Marine Parade as a sought-after location, characterized by its proximity to amenities and recreational facilities.

Our analysis is informed by 11 recent HDB resale transactions in the vicinity, providing a comprehensive data set that supports this valuation. The medium confidence level in this model is attributed to the variability inherent in market trends, particularly as they pertain to HDB properties nearing the end of their lease terms. As the remaining lease diminishes, potential buyers may exhibit differing levels of interest, impacting overall demand. Nevertheless, Marine Parade remains a highly desirable locale, suggesting that properties here may retain their value better than others with similar lease lengths.