3-Room HDB for Room Rent: 59 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 $50,952, translating to $463 per square foot (PSF). This pricing reflects a market signal indicating no deviation from the baseline, suggesting a well-balanced market sentiment in this sought-after residential enclave. The data is supported by a comprehensive analysis of 10 recent HDB resale transactions in the vicinity, which underscores the robustness of this valuation amidst the fluctuating dynamics of the Singapore real estate market.

With the remaining lease being a pivotal aspect of HDB valuation, the 48 years left provides potential buyers with ample time to leverage the property for both investment and personal use. The market dynamics in Marine Parade continue to attract interest due to its proximity to key amenities and vibrant lifestyle offerings. The model confidence for this valuation is categorized as medium, indicating a reasonable degree of accuracy while highlighting potential volatility influenced by external economic factors. Overall, the property presents a compelling opportunity for prospective buyers seeking stability and growth in a highly coveted location.