4 Room (4I) HDB for Sale in 17 Marine Terrace

The valuation of the HDB 4 Room unit in Marine Parade, estimated at $396,100 or $449 PSF, indicates a notable positioning within the current market dynamics. With a remaining lease of 47 years, this property exhibits a significant appreciation potential, although its current valuation stands 41.4% above the baseline market value. This premium valuation suggests that buyers may be willing to pay a premium for the unique attributes of the Marine Parade locale, which is known for its vibrant community and proximity to essential amenities.

However, it is imperative to consider the low model confidence associated with this valuation, stemming from limited transactional data—only 7 recent HDB resale transactions have been analyzed in the area. This low confidence indicates potential volatility in the valuation as market conditions evolve. Investors and homeowners alike should approach this property with a keen understanding of the broader economic trends affecting the HDB market, as well as the implications of the remaining lease duration, which may impact future resale opportunities.