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

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $383,127, translating to a price per square foot of $468. This valuation indicates a significant market signal, as it reflects a premium of 30.5% above the baseline valuation for similar properties in the area. Such a considerable divergence from the market baseline suggests a heightened demand for HDB units in this prestigious locale, known for its proximity to key amenities and vibrant community life.

Despite the medium confidence level associated with this valuation, which is derived from an analysis of 13 recent HDB resale transactions in the vicinity, the premium valuation could be attributed to various factors. Marine Parade is a well-established district, recognized for its desirable living environment and accessibility to recreational facilities. The remaining lease of 49 years also plays a crucial role in the overall market dynamics, as it impacts potential buyers' perceptions of long-term investment viability. As the demand for HDB properties in strategic locations continues to evolve, this valuation underscores the importance of understanding both lease duration and neighborhood desirability in the competitive Singapore real estate market.