Common Room (HDB) for Rent in 32 Marine Crescent

The valuation of the HDB 4-room unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $46,683, translating to a price per square foot (PSF) of $467. This valuation is notably aligned with the current market price, indicating a 0% difference from the baseline. Such stability in pricing suggests a robust demand for properties in this sought-after district, which is characterized by its proximity to amenities and the vibrant lifestyle offerings of the East Coast region.

Our valuation model, which exhibits high confidence, is substantiated by an analysis of 72 recent HDB resale transactions in the vicinity. This data reinforces the soundness of the valuation, as it reflects prevailing market trends and buyer sentiments. With a remaining lease of 48 years, potential buyers may find this property appealing, particularly as Marine Parade continues to attract interest due to its strategic location and established community. It is essential to note that the dynamics of the HDB market can be influenced by factors such as lease decay, which may affect future valuations as the remaining lease shortens. Nonetheless, the current stability in pricing underscores a resilient market, poised for continued interest and potential growth.