3 Room (3I) HDB for Sale in 66 Marine Drive

The valuation of the 3-room HDB located in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $327,859, translating to $468 per square foot (PSF). This valuation is notably above the market baseline by 54.9%, indicating a significant premium relative to recent transactions in the area. This divergence from the baseline is suggestive of strong demand dynamics within this sought-after locale, which is characterized by its proximity to the coastline and vibrant community amenities.

Market signals derived from 13 recent HDB resale transactions in the vicinity indicate a medium level of confidence in this valuation. The sustained interest in Marine Parade is likely driven by several factors, including its strategic location, robust public transport links, and the area's overall desirability among both local buyers and investors. As the remaining lease period of 49 years approaches the halfway mark, potential buyers may weigh the implications of leasehold property dynamics more heavily, contributing to the observed valuation premium in this instance.