4 Room (4A) HDB for Rent in 61 Marine Drive

The valuation of the HDB 4-room unit located in the prestigious Marine Parade area reflects the current market dynamics with an estimated value of $481,128, translating to approximately $497 PSF. With a remaining lease of 49 years, this property sits within a well-established residential enclave that is known for its proximity to essential amenities and vibrant community life. However, the model confidence assigned to this valuation is marked as low, indicating potential uncertainties in the market conditions and price stability.

Analyzing the recent resale transactions within the vicinity, which serve as the basis for this valuation, it is notable that the market price reflects a 0% difference from the baseline. This suggests that the property is currently valued at market equilibrium, with demand and supply factors balancing each other out. Potential buyers and investors should consider the implications of the remaining lease and the overall market sentiment, as these elements will undoubtedly influence future resale potential and investment viability. As the marine Parade district continues to evolve, monitoring shifts in buyer behavior and local market trends will be crucial for stakeholders in this segment.