5-Room HDB for Room Rent: 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 $162,026, translating to a price per square foot (PSF) of $540. This valuation is in line with the current market price, reflecting a neutral market signal with a 0% difference from the baseline. Such stability in pricing suggests a balanced supply and demand dynamic within this sought-after residential enclave.

However, the model confidence in this valuation is classified as low, indicating potential volatility in the market or the influence of external factors that may not have been fully captured in recent data. The valuation is corroborated by three recent HDB resale transactions in the vicinity, which provide a foundational analysis but may not encompass the broader fluctuations in market sentiment or economic conditions impacting property values. Stakeholders should consider these factors carefully, especially in light of the remaining lease, as properties with shorter leases are subject to more significant depreciation over time.