Room (HDB) for Rent in 67 Marine Drive

The valuation of the HDB 4 Room 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 is notable for its stability, reflecting a market price that exhibits a 0% difference from the baseline. Such a figure signifies a balanced market condition, where demand and supply dynamics are in equilibrium, suggesting that the property is appropriately priced relative to its peers in the vicinity.

The high model confidence derived from analyzing 71 recent HDB resale transactions in the area reinforces the reliability of this valuation. Marine Parade, known for its desirable location and amenities, continues to attract interest from buyers, contributing to the consistent valuation of properties despite the remaining lease period. Investors should consider the implications of the 48-year lease, as it may influence future resale potential. Nonetheless, the current market dynamics suggest that this unit represents a stable option in a competitive market landscape.