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, has been estimated at a value of $57,541, translating to a price per square foot (PSF) of $468. This valuation is significantly above the baseline market value, reflecting a striking 2138.4% difference. Such a substantial premium indicates a unique positioning of this property within the local market, influenced by various factors including location desirability, proximity to amenities, and the overall appeal of the Marine Parade district.

However, it is crucial to note that the model confidence for this valuation is categorized as low, suggesting potential volatility in the assessment. The estimate is based on only four recent HDB resale transactions in the vicinity, which may not provide a comprehensive view of the current market dynamics. The remaining lease of 49 years could also impact buyer sentiment, as properties with shorter leases typically face greater scrutiny from potential buyers. In summary, while the valuation presents an optimistic outlook for this HDB unit, stakeholders should exercise caution and consider a broader range of market indicators before making investment decisions.