5-Room HDB for Room Rent: 2 Marine Terrace

The valuation of the HDB 5 Room unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $53,304, translating to a price per square foot (PSF) of $485. This valuation reflects a market price that exhibits a 0% difference from the baseline, indicating stability in the current real estate landscape. The absence of fluctuation suggests that the property is aligned with current market expectations, thereby reinforcing its standing within this sought-after locality.

Despite the steady valuation, it is important to note that the model confidence is categorized as low. This uncertainty may stem from the limited dataset, derived from only five recent HDB resale transactions in the vicinity. As such, potential buyers and investors should exercise caution, recognizing that the dynamics of the Marine Parade market may exhibit variability due to external economic factors and changing buyer sentiments. The remaining lease of 48 years, while still viable, may also influence long-term investment perspectives, as buyers typically weigh lease duration heavily in their decision-making process.