3 Room (3I) HDB for Rent in 4 Marine Terrace

The valuation of the HDB 3 Room property in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $288,994, translating to a price per square foot (PSF) of $445. This valuation reflects a strong alignment with market dynamics, as evidenced by the 0% difference from the baseline market price. Such stability in pricing is a significant indicator of the resilience of the Marine Parade locality, which remains a highly sought-after residential area due to its strategic location and proximity to essential amenities.

The model confidence for this valuation is categorized as high, bolstered by data from 162 recent HDB resale transactions in the vicinity. This robust dataset not only reinforces the credibility of the estimated value but also highlights the consistent demand for HDB units in this region. With the remaining lease of 48 years, potential buyers should consider the implications of lease decay on future value, yet the current market sentiment indicates a favorable outlook for properties in Marine Parade. As such, this HDB unit represents a compelling opportunity for both owner-occupiers and investors looking to capitalize on the enduring appeal of this vibrant neighborhood.