Room (HDB) for Rent in 61 Marine Drive

The valuation of the 4-room HDB unit in Marine Parade reflects a meticulous analysis of current market conditions and recent transactional data. With an estimated value of $71,289, translating to $475 per square foot, this property showcases a stable position within the local real estate landscape. The remaining lease of 49 years is a critical factor, as it influences both buyer sentiment and potential loan accessibility. Properties with shorter leases often experience a depreciation in value, yet this valuation indicates a market equilibrium, evidenced by the 0% difference from the baseline market price.

Our model, drawing on a robust dataset of 71 recent HDB resale transactions in the vicinity, yields a high confidence level in this assessment. The stability of the price suggests that the Marine Parade area continues to attract interest, maintaining its desirability among homebuyers despite the lease duration. As such, this HDB unit not only reflects the dynamics of the local market but also underscores the importance of lease length in informing valuation. Investors and potential homeowners should consider these factors carefully as they navigate the competitive landscape of Singapore’s real estate market.