5 Room (5STD) HDB for Sale in 77 Marine Drive

The valuation of the HDB 5-room unit in Marine Parade, estimated at $693,741 with a price per square foot (PSF) of $537, reflects a significant deviation from the prevailing market conditions. With a remaining lease of 49 years, this property stands at a remarkable 73% above the baseline market value, indicating a strong demand in a sought-after location. The elevated price point suggests that buyers are willing to pay a premium for properties in this district, which is characterized by its proximity to amenities and vibrant community lifestyle.

However, the model confidence for this valuation is categorized as low, as it is based on only five recent HDB resale transactions in the vicinity. This limited dataset may not fully encapsulate the broader market dynamics or fluctuations that typically influence property prices. As the remaining lease diminishes, the valuation's sustainability may come into question, particularly if market conditions shift or if supply increases in the area. Investors and potential buyers should consider these factors carefully when evaluating the long-term viability of this asset in the Marine Parade locale.