3 Room (3A) HDB for Sale in 66 Marine Drive

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $317,251, translating to a price per square foot (PSF) of $454. This valuation indicates a significant market signal, showcasing an impressive 41.8% difference from the baseline. Such a premium suggests that the property is positioned above the market average, reflecting strong demand in this desirable locale known for its vibrant community and proximity to essential amenities.

Our analysis is grounded in the review of 14 recent HDB resale transactions in the vicinity, lending a degree of reliability to the valuation despite a medium model confidence level. The elevated price point can be attributed to several factors, including Marine Parade's strategic location near the East Coast, access to reputable schools, and a well-established infrastructure that continues to attract young families and investors alike. As the lease duration of 48 years remains a consideration, the valuation encapsulates both current market conditions and the long-term appeal of this sought-after neighborhood.