4-Room HDB for Room Rent: 45 Marine Crescent

The valuation of the HDB 4 room property in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $43,143, translating to a price per square foot of $431. This valuation reflects a market price that is consistent with recent trends, indicating a 0% difference from the baseline. Such stability suggests a balanced demand and supply scenario within this desirable residential precinct, known for its proximity to amenities and vibrant community life.

Analysing recent resale transactions in the vicinity, which include nine comparable sales, provides a solid foundation for this valuation. The medium confidence level indicates that while the data supports the estimated value, certain market fluctuations could impact pricing in the near future. As the lease period narrows, potential buyers may exhibit varying levels of interest, underscoring the importance of lease tenure in HDB valuations. Overall, the property’s valuation encapsulates the prevailing market dynamics, reflecting both the desirability of Marine Parade and the nuanced considerations of lease sustainability for prospective homeowners.