4 Room (4I) HDB for Rent in 63 Marine Drive

The valuation of the 4-room HDB unit in Marine Parade, with a remaining lease of 49 years, is estimated at $464,191 or $516 PSF. This figure reflects a market price that is aligned with the baseline, indicating a 0% difference and suggesting a stable demand for HDB properties in this esteemed locale. Marine Parade, known for its proximity to the coast, reputable schools, and vibrant community amenities, continues to attract interest from both owner-occupiers and investors.

However, the model confidence for this valuation is categorized as low, driven primarily by the limited transaction data available, with only three recent HDB resale transactions in the vicinity informing the analysis. This scarcity of comparable data may contribute to fluctuations in perceived value, particularly given the aging lease of 49 years, which can impact buyer sentiment and financing options. As the market landscape evolves, potential purchasers must remain cognizant of the balance between lease duration and market demand, especially in a neighbourhood renowned for its investment potential.