3 Room (3I) HDB for Rent in 8 Marine Terrace

In the vibrant precinct of Marine Parade, the valuation of a 3-room HDB unit with a remaining lease of 48 years is placed at an estimated value of $363,166, translating to a price per square foot (PSF) of $445. This valuation maintains a market price that reflects a 0% difference from the baseline, indicating a stable demand and supply equilibrium in the current real estate landscape. The high model confidence level suggests that this valuation is backed by robust data, with insights derived from 163 recent HDB resale transactions in the vicinity, which underscores the reliability of the market dynamics influencing this property.

The remaining lease of 48 years is a critical factor in assessing the long-term investment potential of this HDB unit. Properties with shorter leases often experience a depreciation in value, yet Marine Parade remains a sought-after location, known for its strategic accessibility and vibrant community amenities. The stability in pricing signals a resilient market, as buyers appear willing to invest in properties within this locale despite the diminishing lease term. As such, this HDB valuation is not only reflective of current market conditions but also indicative of the enduring appeal of Marine Parade as a residential enclave.