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

The valuation of the HDB 2-room unit in Marine Parade reflects a current estimated value of $101,987, translating to a price per square foot (PSF) of $680. This valuation is particularly noteworthy given the remaining lease of 75 years, which positions the property within a stable yet sensitive segment of the HDB market. The stability of the valuation—with no deviation from the baseline market price—indicates a balanced demand and supply dynamic in the area, which has seen a slight resurgence in interest among potential buyers.

However, it is essential to highlight the model confidence associated with this valuation, categorized as low. This suggests that while the valuation is grounded in a data set comprising four recent HDB resale transactions in the vicinity, the variability in market conditions could influence future price trajectories. As such, stakeholders should remain cognizant of external factors such as economic conditions, policy changes, and demographic shifts that could impact the demand for HDB properties in Marine Parade. The remaining lease, while substantial, may also affect buyer sentiment and long-term investment considerations.