3-Room HDB for Room Rent: 59 Marine Terrace

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 48 years, is estimated at $50,952 or $463 per square foot (PSF). This valuation reflects a stable market condition, as indicated by a market price that shows a 0% difference from the baseline. Such stability suggests that the property is currently well-positioned within the marketplace, maintaining its value amidst fluctuations in demand and supply dynamics.

Our analysis draws on a comprehensive review of 10 recent HDB resale transactions in the vicinity, providing a robust basis for this valuation. The medium confidence level associated with this model indicates a balanced yet cautious approach to the valuation process, taking into account various influencing factors such as the remaining lease and local market trends. As Marine Parade continues to be a desirable location due to its proximity to amenities and transport links, the subject property is likely to experience sustained interest from potential buyers, further reinforcing its valuation amidst a competitive landscape.