5 Room (5I) HDB for Rent in 78 Marine Drive

The valuation of the 5-room HDB unit in Marine Parade, with a remaining lease of 50 years, stands at an estimated value of $709,134, translating to a price per square foot (PSF) of $540. This valuation reflects a market price that is in equilibrium, showing a 0% difference from the baseline. Such stability often indicates a robust demand in the area, suggesting that buyers are willing to pay the assessed value without premium or discount adjustments. However, the model confidence for this valuation is categorized as low, implying that the data supporting this estimate may not be as robust or comprehensive as desired.

Recent resale transactions in the vicinity, which informed this valuation, highlight the competitive nature of the Marine Parade market, a well-regarded district in Singapore known for its prime location and amenities. With only three comparable transactions available for analysis, one must exercise caution in interpreting these results, as limited data can lead to variations in perceived value. The remaining lease of 50 years is a significant factor in the assessment, as properties with shorter leases may experience depreciation in value as they approach the end of their lease terms. Investors and homeowners should consider these dynamics carefully when evaluating this property in relation to their long-term investment strategies.