3-Room HDB for Room Rent: 59 Marine Terrace

The HDB 3 Room property located in the prestigious Marine Parade is currently estimated at a value of $65,316, translating to a competitive rate of $435 per square foot. With a remaining lease of 47 years, this unit stands as a viable option for prospective homeowners who appreciate the unique blend of urban living and coastal accessibility that Marine Parade offers. The valuation reflects a market price that is aligned with the baseline, indicating a stable demand in this sought-after neighborhood.

Our analysis is backed by a robust dataset comprising 164 recent HDB resale transactions in the vicinity, lending a high level of confidence to our valuation model. The consistent market price suggests that the property is well-positioned within the local real estate dynamics, which are characterized by a strong buyer interest and limited supply. As leasehold properties continue to play a pivotal role in Singapore's housing landscape, the remaining lease of this HDB unit contributes positively to its marketability, making it an attractive proposition for both investors and first-time buyers alike.