4-Room HDB for Room Rent: 61 Marine Drive

The valuation of the HDB 4 Room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $59,582, translating to a price per square foot (PSF) of $497. This valuation reflects a market price that remains stable, with a 0% difference from the baseline, indicating a balanced equilibrium in the current market dynamics. The low model confidence associated with this estimate suggests that while the valuation aligns with recent transactional data, it is subject to fluctuations influenced by broader economic factors and local market conditions.

Recent analyses based on four comparable HDB resale transactions in the vicinity provide a foundational basis for this valuation. The stability in pricing may be attributed to the desirable location of Marine Parade, which boasts proximity to amenities and transport links that typically enhance property appeal. However, potential buyers should remain cognizant of the implications of a 49-year lease, as the diminishing tenure may affect future resale potential and investment attractiveness. Consequently, a comprehensive understanding of leasehold dynamics and market trends is essential for stakeholders navigating this segment of the HDB market.