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

The valuation of the HDB 4 Room unit in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $396,069 or $449 PSF. This valuation reflects a significant market signal, indicating a premium of 71.2% above the baseline. Such a disparity is noteworthy, particularly in the context of the broader HDB resale market in Singapore, where location, lease tenure, and recent market trends play pivotal roles in determining property values.

Marine Parade is renowned for its strategic location, proximity to essential amenities, and vibrant community atmosphere. The model confidence for this valuation is categorized as medium, based on insights drawn from 9 recent HDB resale transactions in the vicinity. These transactions provide a critical benchmark for comparative analysis, reinforcing the perception that this property commands a higher valuation due to its desirable location and the prevailing market demand for HDB units in this area. As the market dynamics continue to evolve, the 47-year remaining lease may be a consideration for potential buyers, influencing their investment decisions and expectations in this high-demand precinct.