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

The valuation of the HDB 3 Room property in Marine Parade, with a remaining lease of 48 years, is positioned at an estimated value of $363,166, translating to a price per square foot (PSF) of $445. This valuation reflects a stable market signal, with no deviation from the baseline price, indicating a strong equilibrium in the current real estate landscape. Such stability typically suggests a balanced demand and supply scenario, which is critical for potential investors and homeowners assessing their options in this vibrant district.

With a model confidence rating categorized as high, this valuation is supported by a comprehensive analysis of 163 recent HDB resale transactions within the vicinity, which enhances the reliability of the data. The Marine Parade area is renowned for its strategic location and community amenities, factors that contribute to sustained interest among homebuyers. As the remaining lease period is approaching the 50-year mark, it is essential for potential buyers to consider the implications of lease decay on future resale values. However, the resilient market dynamics observed in this locality suggest that well-maintained properties will likely continue to attract interest, mitigating concerns related to leasehold lengths.