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

The valuation of the HDB 3-room unit located in the prestigious Marine Parade area, with a remaining lease of 48 years, stands at an estimated value of $311,020, translating to a price per square foot (PSF) of $445. This valuation reflects a nuanced understanding of the local real estate dynamics, particularly given that the market price shows a 0% difference from the baseline. Such stability indicates a well-balanced market where supply and demand are in equilibrium, making it a noteworthy consideration for potential buyers and investors alike.

With a robust model confidence rating of High, this valuation is founded on a comprehensive analysis of 162 recent HDB resale transactions in the vicinity. The Marine Parade location benefits from its strategic positioning, desirable amenities, and vibrant community atmosphere, which collectively contribute to its sustained appeal. As the remaining lease diminishes, buyers should remain cognizant of the implications of leasehold properties in Singapore's unique real estate landscape. However, the current valuation suggests a sound investment for those looking to capitalize on the enduring demand within this sought-after enclave.