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

The valuation of the HDB 3 Room unit in Marine Parade, reflecting a remaining lease of 49 years, stands at an estimated value of $298,169, which translates to $408 per square foot. This pricing indicates a market equilibrium, with a 0% difference from the baseline, suggesting that the property is currently positioned at a fair market price relative to similar transactions in the area.

However, it is essential to note that this valuation comes with a low model confidence, derived from only four recent resale transactions within the vicinity. The limited data points may signal potential volatility in the local market dynamics, particularly as the lease term progresses. As the remaining lease diminishes, investor sentiment may shift, leading to fluctuations in property desirability and pricing. Thus, while the current valuation reflects stability, stakeholders should remain vigilant to broader market trends and leasehold implications that could affect future valuations.