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

The valuation of the HDB 3-room property in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $317,460, translating to a price per square foot (PSF) of $454. This valuation is notable, as it is positioned significantly above the market baseline, reflecting a striking 46.5% difference. Such a substantial premium indicates a robust demand for properties in this prime location, underscoring Marine Parade's appeal as a desirable residential enclave.

The analysis is grounded in a comprehensive review of 14 recent HDB resale transactions within the vicinity, providing a reliable data set for comparison. However, the model confidence remains at a medium level, suggesting that while there is strong market interest, fluctuations in local market conditions or changes in buyer sentiment could influence future valuations. As the remaining lease diminishes over time, potential buyers should consider both the immediate market dynamics and long-term leasehold implications when evaluating this property.