3 Room (3I) HDB for Rent in 67 Marine Drive

In the vibrant enclave of Marine Parade, the valuation for a 3-room HDB unit stands at an estimated $398,772, translating to a price per square foot (PSF) of $487. This valuation reflects a stable market condition, with the current market price demonstrating a negligible deviation of 0% from the baseline. Such stability is indicative of a balanced supply-demand dynamic within the precinct, suggesting that buyers are willing to meet the seller's expectations without significant negotiation.

However, the property’s remaining lease of 49 years warrants a closer examination. As leasehold properties approach the 30-year threshold, potential buyers often exhibit a heightened sensitivity to lease duration, which can influence long-term investment decisions. The model confidence for this valuation is classified as low, underscoring the potential volatility in HDB prices in the area, particularly given that this assessment is predicated on only six recent resale transactions. Stakeholders should remain vigilant about market fluctuations and evolving buyer preferences, as these factors could impact future valuations in this sought-after location.