4-Room HDB for Room Rent: 61 Marine Drive

The valuation of the 4-room HDB unit in Marine Parade, with a remaining lease of 49 years, reflects a current estimated value of $59,582, translating to a price per square foot (PSF) of $497. This valuation indicates a stable market price with a 0% difference from the baseline, suggesting a balanced demand-supply dynamic in this sought-after residential area. The Marine Parade precinct is known for its strategic location and vibrant community, which often attracts both first-time buyers and seasoned investors.

However, it is important to note the model confidence is rated as low, indicating potential volatility in market perceptions or recent transactional activities. The valuation is based on four recent HDB resale transactions in the vicinity, which serve as a critical benchmark for the current market assessment. As the remaining lease approaches the 50-year mark, prospective buyers should consider the implications of lease decay on future resale potential, particularly within a competitive landscape where newer developments are also vying for attention.