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

The valuation of the HDB 4-room unit in Marine Parade reflects the complexities of the current property market, particularly in relation to its remaining lease of 47 years. With an estimated value of $395,652, translating to a price per square foot (PSF) of $449, this property signals a premium above the market baseline, showcasing a notable 51.6% differential. Such a disparity suggests heightened demand for HDB units within this desirable locale, driven by Marine Parade's strategic position and amenities. However, the model confidence is categorized as low, indicating potential volatility in valuation consistency and market dynamics.

Recent transaction data from seven comparable HDB resale properties nearby reinforces the need for careful consideration when interpreting this valuation. While the above-market signal may attract attention from prospective buyers, it is crucial to evaluate the implications of the remaining lease period on future resale potential and buyer sentiment. As the lease diminishes, perceptions of value may shift, underscoring the importance of understanding the interplay between lease duration and market conditions in a vibrant area like Marine Parade.