3 Room (3I) HDB for Sale in 64 Marine Drive

In the vibrant district of Marine Parade, the valuation of a 3-room HDB unit reflects a compelling yet complex landscape. With a remaining lease of 49 years, the estimated value stands at $298,986, translating to $408 PSF. This valuation is notably above market expectations, exhibiting an 80.6% difference from the baseline, which indicates a strong demand for properties in this sought-after locale. The Marine Parade area is characterized by its proximity to the coast and an array of amenities, making it a desirable choice for families and young professionals alike.

However, it is important to note that the model confidence associated with this valuation is classified as low. This is primarily due to the reliance on a limited dataset, with only four recent HDB resale transactions in the vicinity informing the analysis. Such a small sample size suggests that market fluctuations and individual property conditions can significantly impact valuations. Potential investors and homeowners should tread carefully, considering both the lease duration and the inherent market dynamics that could influence future resale opportunities.