3 Room HDB for Sale in 65 Marine Drive

In the highly sought-after district of Marine Parade, the valuation of the HDB 3 Room unit, with a remaining lease of 49 years, stands at an estimated value of $323,424, equating to $463 PSF. This valuation signals a notable premium above the market, with a striking 65.4% difference from the established baseline. Such a significant variance highlights the desirability of the Marine Parade area, driven by its proximity to the coastline, vibrant community amenities, and well-developed transport infrastructure.

The model confidence for this valuation is classified as medium, reflecting the inherent variability in the property market and the specific characteristics of the subject unit compared to the local landscape. This assessment is grounded in data derived from 14 recent HDB resale transactions within the vicinity, underscoring the dynamic nature of property values in this locale. As the remaining lease diminishes, potential buyers may weigh the implications of lease length against the current market premium, emphasizing the importance of strategic investment considerations in navigating the evolving real estate landscape of Marine Parade.