5 Room (5A) HDB for Rent in 77 Marine Drive

The valuation analysis for the HDB 5-room unit located in Marine Parade, with a remaining lease of 50 years, indicates an estimated market value of $657,492, translating to $548 per square foot (PSF). This valuation reflects a market price that is aligned with the baseline, demonstrating a 0% difference, which suggests that the property is currently positioned at market equilibrium. Given the unique characteristics of Marine Parade, a sought-after residential enclave known for its proximity to the sea, vibrant community amenities, and excellent connectivity, the property remains an attractive investment option in the HDB space.

The model confidence for this valuation is rated as medium, based on a comprehensive analysis of 10 recent HDB resale transactions within the vicinity. This indicates a stable demand and supply dynamic, although potential buyers should remain cognizant of the implications of a 50-year lease. As lease lengths impact buyer sentiment and financing options, properties with shorter leases may experience differing levels of demand. Overall, the Marine Parade HDB market remains resilient, reflecting the enduring appeal of the location amidst evolving market conditions.