4 Room (4I) HDB for Sale in 61 Marine Drive

The HDB 4-room unit located in the esteemed Marine Parade area presents a compelling valuation of $446,061, translating to approximately $477 PSF. This valuation is notably positioned 54.7% above the market baseline, indicating a robust demand for HDB properties within this desirable locale. The remaining lease of 49 years adds a layer of complexity to the valuation, as leasehold properties typically face depreciation as they approach the end of their tenure. However, the premium placed on this unit suggests a strong market confidence and an attractive proposition for potential buyers who prioritize location and community amenities.

The high model confidence rating, supported by 72 recent HDB resale transactions in the vicinity, underscores the reliability of this valuation. Marine Parade is often regarded as a highly sought-after area due to its proximity to the coast, well-established infrastructure, and vibrant lifestyle offerings. As such, the premium valuation reflects not only the current market dynamics but also the enduring appeal of Marine Parade as a residential choice, even with a remaining lease that may deter some investors. Overall, this presents an opportunity for discerning buyers looking to invest in a property with significant upside potential in a prime Singaporean neighborhood.