3 Room (3I) HDB for Rent in 59 Marine Terrace

The valuation of the HDB 3-room unit located in the prestigious Marine Parade district reflects a calculated estimate of $324,238, translating to a price per square foot of $463. This figure is derived from a comprehensive analysis of ten recent resale transactions in the vicinity, providing a robust market signal that indicates a 0% difference from the baseline. Such stability in pricing suggests a balanced market environment, wherein demand and supply dynamics have reached an equilibrium, particularly in this sought-after locale.

Notably, the property has a remaining lease of 48 years, a critical factor in HDB valuations that can significantly influence buyer sentiment and investment potential. While the medium confidence level of this model indicates a degree of variability in the data, the consistent performance of recent transactions in Marine Parade is a testament to the area's enduring appeal. Investors and homeowners alike should be cognizant of the implications of lease duration on future resale potential, especially in a market that is increasingly discerning of long-term viability and value retention.