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

The valuation of the HDB 3-room unit located in the coveted Marine Parade area, with a remaining lease of 49 years, stands at an estimated value of $298,169, translating to a price per square foot (PSF) of $408. This valuation reflects a market signal indicating no deviation from the current baseline price, suggesting that the property is being assessed at a fair market rate amid a competitive landscape. This stability in price suggests that the demand for HDB units in this prime location remains resilient despite potential fluctuations in the broader real estate market.

However, it is essential to note that the model confidence surrounding this valuation is classified as low, indicating a degree of uncertainty in the predictive accuracy of the valuation model. The estimate is derived from a limited dataset, with only four recent HDB resale transactions in the vicinity providing the basis for comparison. As such, while the valuation aligns with current market trends, prospective buyers and investors should consider the implications of the remaining lease period, as properties with shorter leases may experience depreciation in value or reduced buyer interest over time. Understanding these dynamics will be crucial for stakeholders navigating the HDB landscape in Marine Parade.