4 Room (4A) HDB for Rent in 61 Marine Drive

In the vibrant Marine Parade district, the valuation of a 4-room HDB unit reveals critical insights into the local real estate landscape. With a remaining lease of 49 years, the estimated value of the property stands at $481,128 (or $497 PSF). This valuation indicates a market price that aligns closely with the baseline, showcasing a noteworthy 0% difference. Such stability in pricing suggests a balanced demand and supply dynamic in the area, reflecting the attractiveness of Marine Parade as a residential locale.

However, it is essential to note the low model confidence associated with this valuation, which arises from the analysis of only four recent HDB resale transactions in the vicinity. This limited dataset may not fully capture the nuances of the market, especially considering the implications of the remaining lease period on buyer preferences and financing options. As potential buyers navigate the complexities of HDB ownership, lease duration remains a pivotal factor influencing market behavior and property desirability.