Common Room (HDB) for Rent in 59 Marine Terrace

In the current valuation of a 2-room HDB unit located in the prestigious Marine Parade district, the estimated value stands at $55,503, translating to a $444 per square foot (PSF). With a remaining lease of 48 years, this property is positioned within a competitive market that reflects a zero percent deviation from the baseline pricing. This indicates a stable market environment, albeit one marked by a cautionary signal as evidenced by the low model confidence rating.

The valuation is derived from an analysis of four recent HDB resale transactions in the vicinity, showcasing a consistent pricing trend in this sought-after locale. The Marine Parade area is known for its strategic location, vibrant community, and access to amenities, which typically support property values. However, the low model confidence suggests potential uncertainties in market demand or buyer sentiment, particularly as the remaining lease approaches the mid-point, which may impact future resale opportunities. Stakeholders should remain vigilant regarding lease longevity and market shifts that could influence property valuation in the near term.