3 Room (3I) HDB for Rent in 57 Marine Terrace

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $378,222, translating to a price per square foot of $462. This valuation reflects a market price with a 0% difference from the baseline, indicating a stable pricing environment in the area amidst current market dynamics. The baseline assessment is crucial, as it provides a reference point for evaluating the performance and demand within the local HDB sector.

However, it is important to note that the model confidence for this valuation is categorized as low. This is primarily based on a limited number of recent transactions—only five HDB resale transactions in the vicinity have been considered. Such a small sample size may not fully capture the nuances of the market fluctuations and buyer sentiment, particularly in a vibrant locale like Marine Parade. As the remaining lease continues to diminish, potential buyers may exhibit caution, impacting demand and pricing in the near term. Thus, while the current valuation is indicative of market stability, stakeholders should remain vigilant about broader market trends and leasehold implications that could influence future valuations.