3 Room (3I) HDB for Sale in 65 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 $317,276, translating to a price per square foot (PSF) of $453. This valuation is notably positioned above the market average, exhibiting a significant 41.2% premium over the baseline. Such a marked divergence from typical market rates suggests that this property may possess unique attributes or advantages that appeal to buyers, potentially including its strategic location within the highly sought-after Marine Parade estate.

Market dynamics in the vicinity reflect a robust demand for HDB flats, as evidenced by the analysis of 14 recent resale transactions in the area. The medium confidence level in this valuation indicates that while the data supports a premium pricing, fluctuations in market sentiment and external economic variables could influence future valuations. It is essential for potential buyers and investors to consider the remaining lease period, as properties with shorter leases can present challenges in securing financing and may impact long-term value appreciation. Overall, this property represents a compelling opportunity for those seeking to capitalize on the enduring desirability of Marine Parade.