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

The valuation of the HDB 3-room property located in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $317,251, translating to a price per square foot (PSF) of $454. This valuation indicates a significant market signal, as it is approximately 57.6% above the baseline, suggesting that this property is positioned in a premium segment of the market. Such a substantial deviation from the baseline reflects not only the desirability of the Marine Parade area but also the robust demand for HDB properties in this prime locale.

Market dynamics in Marine Parade are characterized by a strong interest in HDB units, as evidenced by the analysis of 14 recent resale transactions in the vicinity. The medium model confidence associated with this valuation underscores the inherent variability in property prices influenced by factors such as location, remaining lease tenure, and current market sentiment. As the remaining lease becomes a critical factor in buyer considerations, properties in desirable neighborhoods like Marine Parade tend to maintain their value, showcasing the importance of location and lease duration in determining overall property worth.