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

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $322,778, translating to a price per square foot (PSF) of $461. This valuation indicates a substantial premium over the baseline market rate, reflecting a 53.4% increase. Such a significant divergence from the baseline is indicative of heightened demand in this desirable locale, which is characterized by its proximity to key amenities and vibrant community life.

With a model confidence rating categorized as high, this valuation is supported by a comprehensive analysis of 30 recent HDB resale transactions in the vicinity. The Marine Parade area continues to attract buyers seeking both investment opportunities and a quality living environment, bolstered by its well-established infrastructure and accessibility. The remaining lease of 49 years may be a consideration for potential buyers; however, the current market dynamics suggest that the desirability and appeal of the location may mitigate any concerns regarding lease duration, particularly in a landscape where property values are influenced by both intrinsic and extrinsic factors.