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

The valuation of the HDB 4 Room property in Marine Parade, with a remaining lease of 47 years, reveals a compelling market scenario. With an estimated value of $396,100, translating to $449 per square foot, this property is positioned significantly above the market baseline, showcasing a remarkable 38.9% difference. This elevated valuation signals a robust demand within the Marine Parade area, reflecting the desirability of this location, which is renowned for its vibrant community and proximity to amenities.

However, it is essential to note that the model confidence for this valuation is classified as low. This suggests a degree of uncertainty in the pricing dynamics, likely influenced by a limited pool of comparable resale transactions—only seven recent sales within the vicinity were analyzed. As the remaining lease length of 47 years can impact buyer sentiment and financing options, potential investors must weigh the implications of lease duration against the strong market signals observed. The interplay of these factors underscores the importance of thorough due diligence in navigating the evolving landscape of HDB properties in Singapore.