3 Room (3I) HDB for Rent in 67 Marine Drive

The valuation of the HDB 3-room unit located in the highly sought-after Marine Parade estate reflects a current estimated value of $360,748, translating to a price per square foot (PSF) of $487. With a remaining lease of 49 years, this property presents a unique opportunity for prospective buyers, particularly in a market that has shown resilience despite broader economic fluctuations. The analysis is based on 6 recent HDB resale transactions in the vicinity, providing a foundational benchmark for this valuation.

Interestingly, the market signal indicates that the estimated value aligns perfectly with the baseline, showcasing a 0% difference from the market price. This equilibrium suggests a period of stabilization within the HDB resale market in Marine Parade, despite the low model confidence attributed to the limited data set. Buyers may interpret this as a moment of cautious optimism, although the low confidence level underscores the need for thorough due diligence in assessing the potential for future appreciation, particularly given the property’s extended lease term.