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

The valuation of the HDB 2 Room unit located in Marine Parade reflects a nuanced understanding of the current property dynamics within this sought-after district. With a remaining lease of 75 years, the estimated value stands at $204,653, translating to a price per square foot (PSF) of $680. This valuation positions the property at a critical juncture, where it aligns perfectly with the baseline market price, indicating a 0% difference. Such stability suggests that the property is priced appropriately in accordance with current market sentiment and comparable sales in the vicinity.

However, it is essential to note the model confidence is categorized as low, primarily due to the limited dataset of only four recent HDB resale transactions in the area. This scarcity of data points can lead to potential volatility in valuation accuracy, particularly in a market influenced by various external factors such as economic shifts, policy changes, and buyer sentiment. As the Marine Parade district continues to evolve, factors such as proximity to amenities and future developments will play a significant role in shaping the long-term value of HDBs in this locale. Investors and homeowners alike should remain cognizant of these market dynamics as they navigate their property decisions.