Common Room (HDB) for Rent in 61 Marine Drive

The valuation of the HDB 4 Room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $61,308, translating to a price per square foot (PSF) of $475. This valuation aligns closely with the current market price, reflecting a 0% difference from the baseline. Such stability in pricing suggests a well-balanced market for HDB properties in this desirable region, characterized by a robust demand and a consistent supply of comparable units.

Analyzing the surrounding market dynamics, the confidence in this valuation is underscored by a substantial dataset, derived from 71 recent HDB resale transactions in the vicinity. This high model confidence indicates that the valuation is not only reflective of current market trends but also indicative of the enduring appeal of Marine Parade as a sought-after residential locale. The property’s remaining lease of 49 years, while slightly shorter than average, does not appear to deter buyer interest, given the area's amenities and lifestyle offerings. As the landscape of HDB properties evolves, it is essential for potential investors to consider both lease duration and market positioning when making informed decisions.