3-Room HDB for Room Rent: 5 Marine Terrace

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 47 years, reflects a calculated estimated value of $42,417, equating to $424 per square foot. This valuation aligns with the current market price, exhibiting a 0% variance from the baseline. Such stability in pricing suggests a balanced market condition within the vicinity, where demand and supply dynamics are harmoniously matched.

However, the model confidence is noted to be low, indicating potential volatility in the market and suggesting that further analysis may be required to establish a more accurate valuation. The assessment is based on five recent HDB resale transactions in the area, which serves as a foundational reference for this valuation. It is crucial to consider that the length of the remaining lease can significantly influence buyer interest and perceived value, particularly in a competitive market like Marine Parade, known for its prime location and accessibility.