5 Room (5I) HDB for Sale in 79 Marine Drive

The HDB 5-room unit located in Marine Parade, with a remaining lease of 49 years, is currently valued at approximately $680,288, which translates to a price per square foot (PSF) of $514. This valuation signals a significant premium over the market baseline, reflecting a notable 89.5% difference. Such a divergence indicates that the property is positioned above the prevailing market rates for similar units in the region, suggesting strong demand dynamics and buyer sentiment within this desirable locale.

However, it is crucial to note that the model confidence for this valuation is classified as low, primarily derived from a limited dataset comprising only six recent HDB resale transactions in the vicinity. This lack of robust transaction volume may introduce a degree of uncertainty in the valuation, as fluctuations in buyer preferences and market conditions could more readily influence prices. As the remaining lease approaches the mid-point of its duration, potential buyers must weigh the implications of lease decay against the exceptional location and amenities that Marine Parade offers, which often drive demand despite the leasehold limitations.