3 Room (3I) HDB for Rent in 6 Marine Terrace

The valuation of the 3-room HDB unit located in the prestigious Marine Parade area, with a remaining lease of 48 years, stands at an estimated value of $325,109, translating to a price per square foot (PSF) of $445. This valuation reflects a market price that is consistent with the baseline, indicating a stable demand for HDB properties in this sought-after locale. The high model confidence, derived from an analysis of 163 recent HDB resale transactions in the vicinity, further supports the reliability of this assessment.

Marine Parade is renowned for its strategic location, accessibility, and vibrant community, which contribute to its appeal among both homeowners and investors. The remaining lease of 48 years is a critical factor; while it offers substantial time for occupancy, prospective buyers should be mindful of the implications of lease decay on future resale value. Nonetheless, the current market signals suggest a robust interest in HDB units within this area, positioning this property as a valuable asset in a dynamic real estate landscape.