4 Room (4I) HDB for Sale in 63 Marine Drive

The valuation of the 4-room HDB unit located in Marine Parade, with a remaining lease of 48 years, has been assessed at an estimated value of $472,906, translating to a price per square foot (PSF) of $505. This valuation positions the property significantly above the market baseline, with a striking 43.8% premium compared to similar properties in the vicinity. Such a marked deviation reflects a buoyant demand within this prestigious district, which is renowned for its vibrant community and proximity to key amenities.

However, it is crucial to note that the model confidence for this valuation is categorized as low, derived from a limited dataset of only three recent HDB resale transactions in the area. This lack of robust comparative data underscores the need for caution, as market dynamics can fluctuate considerably. The remaining lease of 48 years is a pivotal factor influencing buyer sentiment, particularly in a market where lease decay may become a concern for potential purchasers. As such, while the current valuation suggests an optimistic outlook for this property, prospective buyers and investors should remain vigilant and consider the implications of lease duration in their decision-making process.