4 Room (4I) HDB for Rent in 63 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 $464,191, translating to approximately $516 PSF. This assessment reflects a stable market signal, indicating a 0% difference from the baseline price, suggesting that the property is currently aligned with prevailing market trends. Such consistency in pricing can be attributed to the overall demand for HDB units in the Marine Parade area, which is renowned for its proximity to amenities, schools, and recreational facilities.

However, it is essential to note the low model confidence associated with this valuation, derived from only three recent HDB resale transactions in the vicinity. This limited dataset may not fully encapsulate the nuances of the local market dynamics, particularly considering the implications of the remaining lease period. As the lease diminishes over time, potential buyers may exhibit caution, impacting future resale opportunities and valuation stability. Investors and homeowners alike should remain vigilant about lease durations when considering HDB properties, as it plays a significant role in both market perception and financial viability.