3 Room (3I) HDB for Rent in 19 Marine Terrace

The valuation of the HDB 3-room unit in the highly sought-after Marine Parade district, with a remaining lease of 47 years, stands at an estimated value of $376,636, translating to $455 per square foot. This valuation reflects a market price that is consistent with the baseline, indicating stability in this segment of the real estate market. The sustained demand in Marine Parade, known for its strategic location and vibrant community, suggests that such properties continue to attract interest despite the shorter lease duration compared to newer developments.

However, the model confidence level is rated as low, highlighting potential volatility in the market. The valuation is based on three recent HDB resale transactions in the vicinity, which suggests that while there is a tangible baseline for pricing, the limited data points may not fully encapsulate broader market dynamics. Buyers and investors should proceed with caution, considering the implications of the remaining lease period on long-term value appreciation. The interplay between lease duration, property condition, and market sentiment will be crucial in determining future resale potential in this desirable locale.