4 Room (4I) HDB for Rent in 76 Marine Drive

The valuation of the HDB 4-room unit located in the esteemed Marine Parade area, with a remaining lease of 48 years, stands at an estimated value of $458,011, translating to a price per square foot (PSF) of $519. This valuation is particularly noteworthy given the current stability in the market, as indicated by the 0% difference from the baseline market price. This consistency suggests that the property is well-positioned within the local real estate landscape, reflecting a balanced demand and supply dynamic in this sought-after enclave.

However, it is essential to acknowledge the model confidence level which is classified as low. This indicates that while the valuation is supported by three recent HDB resale transactions in the vicinity, there may be underlying market variables that could influence future pricing trends. Potential buyers should consider the implications of the remaining lease duration on the long-term investment viability of the property. As Marine Parade continues to maintain its appeal due to its proximity to amenities and coastal attractions, the property presents a unique opportunity for homeowners and investors alike, albeit with a cautious approach towards future lease considerations.