3 Room (3I) HDB for Sale in 6 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 $304,836, equating to a price per square foot (PSF) of $435. This valuation is particularly noteworthy as it registers a significant premium, reflecting an above-market condition with a striking 64% difference from the baseline. Such a disparity indicates robust buyer sentiment in the Marine Parade area, where demand consistently outstrips supply, especially for properties with desirable attributes such as proximity to amenities and established community infrastructure.

The model confidence for this valuation is rated as high, bolstered by the analysis of 163 recent HDB resale transactions in the vicinity. This extensive data set underpins our understanding of current market trends and pricing dynamics, offering a comprehensive view of the competitive landscape. Given the remaining lease of 47 years, this property represents a unique investment opportunity, suggesting that potential buyers are willing to pay a premium for the location's intrinsic value, which includes its accessibility to transport networks, educational institutions, and recreational facilities.