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

The valuation of the 3-room HDB property located in the prestigious Marine Parade district reflects a calculated estimated value of $317,251, translating to $454 PSF. This valuation indicates a significant premium, being approximately 63.9% above the baseline market value, which is a noteworthy market signal suggesting heightened demand for properties in this sought-after locale. The remaining lease of 48 years is an essential factor in the valuation, as properties with extended leases tend to maintain their desirability and value, particularly in a high-demand area such as Marine Parade.

Additionally, the valuation model's confidence is rated as medium, based on an analysis of 14 recent HDB resale transactions in the vicinity. This data reinforces the notion that the Marine Parade area continues to be a focal point for potential buyers, driven by its strategic location, lifestyle amenities, and proximity to the coastline. As the market dynamics evolve, this property stands as a compelling option for investors and homeowners alike, exemplifying the strength of the HDB market in this vibrant district.