4 Room (4I) HDB for Sale in 60 Marine Drive

The valuation of the HDB 4 Room unit located in the prestigious Marine Parade area reveals a compelling yet nuanced analysis. With an estimated value of $452,345 or $483 PSF, this property is currently positioned above the market average, reflecting a significant 59.2% differential from the baseline. This elevated valuation underscores the desirability of Marine Parade, which is known for its prime location, proximity to amenities, and overall lifestyle appeal. However, the remaining lease of 48 years introduces a layer of complexity to the valuation, as properties with shorter leases typically face a depreciation in value, particularly as they approach the end of their lease term.

The model confidence for this valuation is classified as low, primarily due to the limited data set, which is based on only one recent HDB resale transaction in the vicinity. This scarcity of comparable sales can lead to volatility in market dynamics and may impact the reliability of the valuation. As such, potential buyers should exercise caution and conduct further due diligence, particularly considering the lease duration and its implications on future resale opportunities. In summary, while the property demonstrates strong market potential, the unique characteristics of its lease and the limited transaction data necessitate a thorough examination for informed decision-making.