3 Room (3I) HDB for Sale in 5 Marine Terrace

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $305,306, translating to a price per square foot (PSF) of $436. This valuation is notably above the market average, indicating a substantial 57.2% premium over the baseline. Such a significant deviation from typical market pricing suggests that this property is highly sought after, reflecting a robust demand for HDB units in the Marine Parade area.

The high model confidence rating, derived from an analysis of 160 recent HDB resale transactions in the vicinity, further substantiates the credibility of this valuation. Marine Parade is known for its prime location, proximity to the East Coast, and excellent connectivity, which are pivotal factors driving property values. As buyers increasingly prioritize lifestyle amenities and accessibility, this unit's valuation underscores the market dynamics at play, particularly for properties with a lengthy remaining lease. Such characteristics reinforce the desirability and potential appreciation of this asset in the long term.