4-Room HDB for Room Rent: 74 Marine Drive

The valuation of the HDB 4-room unit located in the prestigious Marine Parade area, with a remaining lease of 48 years, stands at an estimated value of $103,325, translating to a price per square foot (PSF) of $517. This valuation reflects a market signal indicating no deviation from the baseline price, suggesting stability in the local real estate landscape. Such a price point is representative of the unique appeal that Marine Parade holds, known for its vibrant lifestyle offerings and proximity to the sea, which continues to attract both homeowners and investors alike.

However, it is crucial to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on only one recent HDB resale transaction within the vicinity. This limited data sample may not fully encapsulate the current market dynamics, particularly in a region like Marine Parade, where demand can be influenced by various factors, including the remaining lease period and broader economic conditions. As lease lengths diminish, potential buyers may exhibit differing levels of interest, which can affect future resale values and market perceptions.