3 Room (3I) HDB for Rent in 6 Marine Terrace

The valuation of the HDB 3 Room unit in Marine Parade, with a remaining lease of 48 years, is estimated at $311,020, translating to a price per square foot of $445. This valuation reflects a stable market position, indicated by a market price that shows no differential from the baseline. Such a scenario suggests that the property is accurately aligned with current market expectations, highlighting its competitive stance in a well-regarded residential area.

With high model confidence derived from an analysis of 162 recent HDB resale transactions within the vicinity, this valuation underscores the resilience of the Marine Parade HDB market. The remaining lease period is a critical factor, as properties with shorter leases often face depreciation in value, yet the consistent demand in this locality mitigates that risk. Investors and homeowners alike should recognize the potential for capital appreciation in a locale known for its vibrant community and proximity to essential amenities, which further substantiates the current valuation.