Room (HDB) for Rent in 67 Marine Drive

The valuation of the HDB 2 Room property located in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $53,283, translating to a price per square foot (PSF) of $444. This valuation reflects a market price that is aligned with the baseline, indicating a stable demand in the area amidst ongoing fluctuations in the broader real estate market. The property’s valuation is underpinned by four recent HDB resale transactions in the vicinity, which provide critical insights into local market dynamics and pricing trends.

However, it is imperative to note that the model confidence associated with this valuation is categorized as low. This suggests a degree of uncertainty in the accuracy of the estimated value, likely influenced by the relatively limited transaction data available. As the remaining lease period is a significant factor in HDB valuations, potential buyers should consider the implications of the 48-year lease on future resale prospects and overall investment value. With the evolving landscape of Singapore's property market, understanding these nuances will be crucial for stakeholders navigating this segment.