3-Room HDB for Room Rent: 59 Marine Terrace

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $68,032, translating to a price per square foot (PSF) of $454. This valuation reflects a stable market signal, with a 0% difference from the baseline, indicating that the property is currently aligned with the prevailing market rates. The analysis draws upon data from 10 recent HDB resale transactions within the immediate vicinity, providing a solid foundation for this valuation.

Considering the remaining lease period, Marine Parade continues to be a sought-after residential locale due to its proximity to amenities, schools, and public transport. The medium confidence level in this valuation suggests some variability in buyer sentiment and market conditions, which can be influenced by broader economic factors and housing demand trends. As such, potential investors and homeowners should closely monitor market dynamics in the area to make informed decisions, particularly in light of the HDB leasehold structure that tends to impact long-term investment strategies.