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

The valuation of the HDB 3-room unit in Marine Parade, estimated at $323,886 or $463 PSF, reflects a significant market signal, indicating an appreciation above the baseline by 38.9%. This premium positioning suggests that the property commands a higher perceived value, potentially due to its prime location and desirability within the Marine Parade precinct, known for its vibrant community and proximity to key amenities. The remaining lease of 49 years is an important factor in the valuation, as it provides a balance between long-term investment and the potential implications of lease decay in the future.

Analysis of the recent resale transactions in the vicinity, comprising a total of 14 comparable units, supports the medium confidence level of this valuation model. The dynamics of the HDB market in Marine Parade reveal a persistent demand for well-located properties, particularly those that offer a blend of urban convenience and lifestyle appeal. As such, while the medium confidence rating indicates some variability in market trends, the significant premium suggests that buyers are willing to invest beyond standard market expectations, fostering a competitive landscape in this sought-after neighborhood.