Room (HDB) for Rent in 61 Marine Drive

The valuation of the HDB 4 Room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $71,289, translating to a price per square foot (PSF) of $475. This valuation is particularly noteworthy as it reflects a market price that aligns perfectly with the baseline, indicating a 0% difference. Such stability in pricing suggests a well-balanced demand and supply scenario within this sought-after precinct, underscoring the resilience of the Marine Parade area in the current real estate landscape.

The model confidence level is categorized as high, supported by a robust dataset of 71 recent HDB resale transactions in the vicinity. This extensive analysis provides a solid foundation for understanding market dynamics, particularly in relation to the remaining lease period. Properties with shorter leases can sometimes experience price volatility; however, this HDB unit demonstrates a stable valuation, indicating a sustained interest from potential buyers despite the diminishing lease term. Overall, the Marine Parade HDB market continues to showcase a blend of desirability and value retention, making it a focal point for investors and homebuyers alike.