3 Room (3I) HDB for Rent in 64 Marine Drive

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 48 years, has been estimated at $292,084, translating to a price per square foot of $400. This valuation reflects a market price that is in line with the baseline, indicating a stable demand within this sought-after residential enclave. Marine Parade, known for its strategic location and vibrant community amenities, has historically maintained a resilient property market despite fluctuations in overall economic conditions.

However, it is crucial to note that the model confidence for this valuation is categorized as low, based on the analysis of only four recent HDB resale transactions in the vicinity. This limited dataset could suggest potential volatility in market perceptions, particularly concerning the remaining lease period. As HDB properties age, the remaining lease becomes a critical factor influencing buyer sentiment and pricing dynamics. Investors and homeowners need to consider these market signals carefully, especially in a competitive landscape where lease decay may impact future resale values.