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

The valuation of the 3-room HDB unit in Marine Parade, set at an estimated value of $292,084, reflects a price per square foot of $400. With a remaining lease of 48 years, this property sits within a desirable locale, known for its vibrant community and proximity to essential amenities. The current market signal indicates a neutral position with no deviation from the baseline price, suggesting that the property is competitively priced relative to recent transactions within the area.

It is important to note that the model confidence in this valuation remains low, which may indicate potential variability in market sentiment or recent fluctuations in comparable sales. The analysis is based on four recent HDB resale transactions in the vicinity, highlighting a stable yet cautious market environment. As leasehold properties in Singapore experience a unique set of dynamics, the remaining lease term plays a crucial role in influencing buyer sentiment and investment potential. Stakeholders should remain attentive to market trends that could impact the value and desirability of HDB properties in Marine Parade moving forward.