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

The HDB 3-room property located in Marine Parade, with a remaining lease of 49 years, presents an intriguing investment opportunity within a highly sought-after location. With an estimated value of $323,424, translating to $463 per square foot, this valuation is positioned significantly above the market baseline by 39.1%. This premium suggests that the property is well-aligned with the area's desirability, driven by its proximity to amenities and recreational spaces that the Marine Parade precinct offers.

The model confidence for this valuation is categorized as medium, based on a comprehensive analysis of 14 recent HDB resale transactions in the vicinity. This level of confidence indicates a reasonable degree of predictability in the market, although potential investors should remain cognizant of the inherent risks associated with a shorter lease duration. As the remaining lease approaches the threshold of 30 years, market dynamics may shift, potentially affecting future resale values. Thus, while this property currently commands a robust valuation, ongoing market trends and lease considerations will be critical factors for prospective buyers in their investment decision-making process.