3 Room (3I) HDB for Sale in 31 Marine Crescent

The valuation of the HDB 3-room unit located in the prestigious Marine Parade area is estimated at $305,181, translating to a price per square foot of $436 PSF. With a remaining lease of 47 years, this property holds a significant position within the market, especially considering the unique demographic and socio-economic factors that characterize Marine Parade. The area is known for its proximity to the coast and vibrant community life, making it a desirable location for both families and young professionals.

Notably, the valuation reflects an above-market signal with a striking 63.2% difference from the baseline. This considerable premium indicates strong demand for HDB properties in this region, driven by limited supply and a growing interest in the Marine Parade locale. The analysis is bolstered by data from 18 recent HDB resale transactions in the vicinity, showcasing a robust market trend. However, the model confidence is rated as medium, suggesting that while the valuation is informed by a solid dataset, fluctuations in market dynamics or shifts in buyer sentiment could influence future valuations. Such factors warrant close monitoring as they may impact this property’s market position moving forward.