5 Room (5A) HDB for Rent in 77 Marine Drive

The valuation of the HDB 5-room unit in Marine Parade, with a remaining lease of 50 years, stands at an estimated value of $657,492, translating to a price per square foot (PSF) of $548. This valuation reflects a robust alignment with the current market price, indicating a 0% difference from the baseline. The analysis is based on a thorough examination of 10 recent HDB resale transactions within the vicinity, providing a reliable foundation for this assessment. The medium model confidence underscores the necessity for potential buyers and investors to consider various market factors influencing this segment of the real estate landscape.

Marine Parade is known for its desirable location, community amenities, and accessibility, which collectively contribute to the stability of property values in the area. Despite the remaining lease of 50 years, the market sentiment remains relatively stable, suggesting that buyers are willing to invest in properties with shorter leases, particularly in sought-after neighborhoods. This trend highlights the enduring appeal of Marine Parade, as well as the resilience of the HDB market in Singapore amidst evolving economic conditions.