Terraced House for Room Rent: East coast road, near Marine Parade mrt.

The valuation of the HDB 2-room unit in Marine Parade, with a remaining lease of 75 years, is estimated at $204,653, translating to a price per square foot (PSF) of $680. This valuation reflects a market price that shows no deviation from the baseline, indicating a stable pricing environment in this sought-after residential area. The absence of any significant fluctuations in pricing signals a balanced demand and supply dynamic, which is particularly noteworthy given the competitive nature of the Marine Parade locale.

However, it is important to note that the model confidence for this valuation is categorized as low, suggesting a degree of uncertainty due to the limited data set, which is based on just four recent HDB resale transactions in the vicinity. This low confidence level underscores the necessity for potential buyers and investors to conduct thorough due diligence, especially in light of the remaining lease period. With the lease still substantial, the property holds potential for appreciation, yet the current valuation reflects a cautious market sentiment that should be monitored closely for any shifts that may arise from broader economic or policy changes impacting the HDB market in Singapore.