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

The valuation of the HDB 4-room unit in Marine Parade reflects a calculated estimate of $481,128, translating to approximately $497 per square foot. With a remaining lease of 49 years, this property stands at a critical juncture in terms of long-term investment appeal. The proximity to essential amenities and vibrant communal spaces in Marine Parade enhances its desirability, yet the diminishing lease period is a pivotal factor influencing buyer sentiment and market dynamics.

Current market signals indicate a 0% difference from the baseline, suggesting that the property is priced at equilibrium with recent comparable sales in the vicinity. Our analysis, based on four recent HDB resale transactions, indicates a low model confidence, which underscores the necessity for potential buyers to exercise caution and conduct thorough due diligence. The interplay between lease duration and market conditions is critical; as the remaining lease decreases, the property may face challenges in appreciating value relative to newer developments in the area. Investors should thus weigh the implications of lease tenure alongside the intrinsic qualities of the Marine Parade locale when considering this property as a viable investment.