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

The valuation of the 5-room HDB property in Marine Parade, with a remaining lease of 49 years, reflects a noteworthy market phenomenon. The estimated value is positioned at $60,062, translating to $513 per square foot (PSF). This valuation is indicative of a robust demand for HDB properties in the Marine Parade area, which is underscored by a significant 1981.2% difference from the baseline market value, suggesting that this property is valued above the current market trends.

With high model confidence based on the analysis of 71 recent HDB resale transactions in the vicinity, this valuation points to several critical market dynamics at play. The Marine Parade district is recognized for its desirable location, proximity to amenities, and vibrant community, contributing to sustained interest among potential buyers. The remaining lease of 49 years is a significant factor, as properties with shorter leases typically see a decline in value, yet this particular HDB property has managed to defy that trend, highlighting the strength of the local real estate market and the inherent value placed on this area by prospective homeowners.