3 Room (3I) HDB for Rent in 65 Marine Drive

The valuation of the HDB 3 Room property in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $317,276, translating to $453 per square foot. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand within this sought-after precinct. The Marine Parade area is known for its proximity to amenities, recreational facilities, and access to public transport, enhancing its appeal among potential buyers.

Given the model confidence is categorized as medium, it highlights the importance of considering external market dynamics that could influence future valuations. The analysis is based on 14 recent HDB resale transactions in the vicinity, providing a robust dataset for comparison. As the remaining lease continues to decrease, potential buyers should be mindful of the implications on future resale value and financing options. Overall, this property presents a strategic investment opportunity within a competitive market landscape, particularly for those seeking a home in a vibrant and established neighborhood.