5-Room HDB for Room Rent: 2 Marine Terrace

The valuation of the 5-room HDB unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $55,316, translating to a price per square foot (PSF) of $503. This valuation reflects a stable market signal, indicating a 0% difference from the baseline price. Such stability suggests that the property is well-positioned within the current market context, showcasing a balanced demand-supply dynamic in this sought-after locale.

With a high model confidence derived from 71 recent HDB resale transactions in the vicinity, this valuation underscores the resilience of the Marine Parade area in the face of fluctuating market conditions. The enduring appeal of this region, characterized by its proximity to amenities and vibrant community life, remains a key driver of property values. Investors and homeowners alike should consider the implications of the remaining lease on future resale potential, as it plays a crucial role in determining long-term investment viability in the HDB market.