3 Room (3I) HDB for Rent in 31 Marine Crescent

The HDB 3-room unit in Marine Parade, with a remaining lease of 47 years, is currently valued at an estimated $304,745, translating to a price per square foot (PSF) of $436. This valuation reflects the competitive and stable nature of the Marine Parade property market, where recent transactions indicate that the price remains aligned with the baseline, showcasing a 0% difference in market pricing. The analysis is anchored by a dataset of 9 recent HDB resale transactions in the vicinity, providing a robust foundation for the valuation.

With a medium confidence level in the valuation model, it is essential to consider the implications of the remaining lease on the property’s desirability and long-term investment potential. In a market where leasehold properties are subject to varying buyer perceptions, the 47-year lease may impact future resale opportunities and financing options. However, the enduring appeal of Marine Parade as a desirable residential enclave, coupled with its proximity to amenities and public transport, enhances the unit's market resilience. As such, the property stands as an attractive prospect for both first-time buyers and investors, particularly those looking to capitalize on the stable market dynamics in this sought-after locale.