3 Room (3I) HDB for Rent in 59 Marine Terrace

The valuation for the HDB 3-room unit in Marine Parade, with a remaining lease of 48 years, has been estimated at $310,779, translating to a price per square foot (PSF) of $445. This valuation reflects a market equilibrium, as indicated by a 0% difference from the baseline price. Such stability suggests that the property is currently positioned well within the local market dynamics, resonating positively with buyer sentiment and prevailing economic conditions.

Our analysis is grounded in robust data, drawing from 162 recent HDB resale transactions in the vicinity, which reinforces the high confidence level of this valuation. The Marine Parade area is characterized by its strategic location, comprehensive amenities, and proximity to the coastline, all of which contribute to sustained demand. As the remaining lease approaches the 50-year mark, it is essential for potential buyers to consider the implications of lease decay on long-term value retention. However, the current market signals indicate that this property remains a solid investment opportunity within a competitive landscape.