3 Room HDB for Sale in 65 Marine Drive

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $323,424, translating to a price per square foot (PSF) of $463. This valuation is notably above the market baseline, indicating a significant premium of 65.4%. Such a deviation from the baseline suggests a robust demand for HDB properties in this prestigious district, which is characterized by its prime location and proximity to key amenities.

Market dynamics play a crucial role in understanding this valuation. The confidence in the model is assessed as medium, based on data derived from 14 recent resale transactions in the vicinity. This sample size, while informative, implies that fluctuations may exist, influenced by factors such as buyer sentiment, demographic shifts, and the overall economic landscape. The extended lease period contributes positively to the perceived value, as properties with longer remaining leases are often more attractive to potential buyers, ensuring sustained interest in the Marine Parade area.