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

The valuation of the 4-room HDB unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $481,128, equating to a price per square foot (PSF) of $497. This valuation reflects a market signal indicating no deviation from the baseline market price, suggesting a stable demand in the area despite the diminishing lease period. Such characteristics are pivotal for potential investors and buyers who are assessing long-term value retention in their property investments.

However, it is crucial to note that the model confidence for this valuation is categorized as low. This indicates a potential volatility in pricing influenced by external market factors and buyer sentiment. The assessment is based on four recent HDB resale transactions in the vicinity, which may not fully encapsulate the broader market dynamics at play. In a rapidly evolving real estate landscape, especially in premium locales like Marine Parade, lease longevity remains a significant consideration, impacting buyer interest and ultimately, the unit's market performance.