3 Room (3S) HDB for Rent in 32 Marine Crescent

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $378,415, translating to a price per square foot (PSF) of $463. This valuation indicates a stable market price, reflecting a 0% difference from the baseline. Such stability suggests that the property is positioned in a resilient segment of the HDB market, where demand remains consistent despite the diminishing lease period.

However, it is essential to note that the model confidence for this valuation is categorized as low, underpinning the need for further scrutiny. The analysis is based on only six recent HDB resale transactions in the vicinity, which may not fully capture the broader market dynamics. Factors influencing this valuation include the overall health of the HDB resale market in Marine Parade, the demographic profile of potential buyers, and the unique characteristics of the property itself. As the lease period shortens, the demand dynamics may shift, highlighting the importance of monitoring market trends closely to understand future valuations.