5 Room (5STD) HDB for Rent in 73 Marine Drive

The valuation of the HDB 5 Room property located in the prestigious Marine Parade district, with a remaining lease of 50 years, stands at an estimated value of $784,616 or $604 PSF. This assessment reflects a market price that is consistent with baseline expectations, indicating a 0% difference from the market baseline. The stability in pricing suggests a strong demand for properties in this area, which is characterized by its proximity to vibrant amenities and an established community.

However, it is crucial to note that the model confidence in this valuation is low, derived from a limited dataset of only three recent HDB resale transactions in the vicinity. This factor may suggest potential volatility in market dynamics, particularly given the remaining lease term of 50 years, which can influence buyer perception and subsequent resale value. Investors should be mindful of these elements when considering the long-term potential of this HDB unit, as lease decay may impact future valuation trends in the years to come.