3 Room (3I) HDB for Sale in 65 Marine Drive

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $323,886, translating to a price per square foot (PSF) of $463. This valuation positions the property significantly above the market baseline, showing a remarkable 38.9% difference. Such a premium valuation is indicative of the strong demand for HDB flats in this highly coveted area, which is known for its proximity to amenities, recreational facilities, and excellent transport links.

Despite the leasehold duration, which typically influences buyer sentiment, the Marine Parade enclave continues to attract buyers, underlining its desirability. The model confidence for this valuation is assessed as medium, reflecting a stable market trend based on 14 recent HDB resale transactions in the vicinity. This robust analytical backing suggests that while the market dynamics remain favorable, potential buyers should remain vigilant about the implications of the remaining lease on their long-term investment strategy. In conclusion, this HDB property exemplifies the interplay of location, market demand, and leasehold considerations, making it a compelling option for discerning investors and homebuyers alike.