3-Room HDB for Room Rent: 33 Marine Crescent

In the vibrant precinct of Marine Parade, the valuation of a 3-room HDB unit reflects the current market dynamics and the unique characteristics of the property. With a remaining lease of 47 years, this unit is estimated to be valued at $109,901, translating to a price per square foot of $440. The valuation suggests a stable market environment, as indicated by the 0% difference from the baseline market price, which points to a balanced demand-supply scenario in the area.

Analyzing the recent transactions of 11 HDB resales in the vicinity, it becomes evident that the Marine Parade market is resilient, demonstrating consistent buyer interest despite the shorter lease duration. The model confidence for this valuation is rated as medium, which suggests a reasonable degree of certainty based on the available data. As the landscape of HDB properties continues to evolve, the remaining lease period plays a crucial role in influencing buyer sentiment and investment decisions. In a location as sought-after as Marine Parade, this valuation underscores the potential for future appreciation and the enduring appeal of HDB living in Singapore.