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

The valuation of the 3-room HDB property located in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $360,748, equating to $487 PSF. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand scenario where the property is neither appreciating nor depreciating significantly in value at this time. The market signal shows a 0% difference from the baseline, suggesting that this property is currently positioned at a level consistent with recent transactions within the same locality.

However, it is important to note that the model confidence is categorized as low, which may imply potential volatility in the valuation due to various external factors affecting the real estate market. Analyzing the six recent HDB resale transactions in the vicinity, one can identify trends that inform the ongoing dynamics of the Marine Parade market. As this area is known for its vibrant community and proximity to amenities, the relatively long remaining lease of 49 years could also influence buyer sentiment, particularly for those considering long-term residency or investment. Investors and homeowners alike should remain vigilant of market shifts that may impact future valuations.