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 $323,424, translating to an impressive $463 PSF. This valuation is noteworthy, as it indicates a significant premium compared to the baseline market value, showcasing a 39.1% increase. Such a disparity is indicative of the strong demand for HDB properties within this coveted district, particularly in light of its strategic location and the amenities that Marine Parade offers.

Despite a model confidence level categorized as medium, the analysis is supported by a robust dataset, comprising 14 recent HDB resale transactions within the vicinity. This data reflects a resilient market dynamic, suggesting that buyers are willing to pay above market rates for properties in this area due to its desirable living conditions and proximity to essential services. As the remaining lease term is a critical factor in HDB valuations, prospective buyers should carefully consider the implications of the 49-year lease on future resale potential. Overall, the valuation signals a strong and competitive market, highlighting Marine Parade's enduring appeal.