Common Room (HDB) for Rent in 5 Marine Terrace

The valuation of the 2-room HDB unit located in the prestigious Marine Parade area, with a remaining lease of 48 years, stands at an estimated value of $57,279, translating to a price per square foot (PSF) of $444. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting that the property is currently aligned with prevailing market trends. The stability in valuation is further corroborated by recent sales activities, with four comparable HDB resale transactions in the vicinity providing a foundational basis for this assessment.

However, it is essential to note that the model confidence for this valuation remains low. Factors contributing to this lower confidence may include the relatively short remaining lease term, which can impact buyer sentiment and financing options. Given the strategic location of Marine Parade, known for its vibrant community and proximity to amenities, the demand for HDB flats in this locale can fluctuate based on macroeconomic conditions and demographic shifts. As such, while this valuation reflects current market conditions, potential investors should remain vigilant regarding future lease implications and market dynamics that could influence property value in the years ahead.