Room (HDB) for Rent in 67 Marine Drive

The valuation of the 4-room HDB unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $55,867, translating to a price per square foot (PSF) of $466. This valuation reflects a market condition with a 0% difference from the baseline, indicating that the property is priced precisely at the current market equilibrium. Such stability suggests a significant balance between supply and demand in the area, reinforced by the high confidence level of the model employed for this valuation.

The analysis is further substantiated by data drawn from 71 recent HDB resale transactions in the vicinity, which provide a robust foundation for the estimated value. In the context of Marine Parade, a highly sought-after locale known for its accessibility and amenities, the longevity of the remaining lease plays a vital role in attracting potential buyers. As leasehold properties are often scrutinized for their remaining tenure, this HDB unit’s 48-year lease positions it favorably within the market, allowing it to maintain a competitive edge despite the diminishing lease period. Overall, the stability in pricing and the strong market signals underscore the resilience and desirability of the Marine Parade residential market.