4 Room (4I) HDB for Sale in 61 Marine Drive

The valuation of the HDB 4-room property located in Marine Parade, with a remaining lease of 49 years, currently stands at an estimated value of $464,743, translating to a price per square foot (PSF) of $497. This valuation reflects a significant market signal, indicating a premium of 50.4% above the baseline value derived from comparable properties. Such a notable discrepancy highlights the unique desirability of the Marine Parade area, which is often characterized by its vibrant community, proximity to the coastal area, and excellent amenities.

However, it is essential to consider that the model confidence for this valuation is categorized as low, suggesting potential volatility in the market dynamics impacting HDB pricing in this region. The analysis is based on four recent HDB resale transactions in the vicinity, which may not fully capture the broader market trends. As the remaining lease diminishes, prospective buyers should remain cognizant of the implications this may have on long-term value retention and resale potential. The current valuation reflects a complex interplay of location desirability and leasehold dynamics, which are crucial for informed investment decisions in the Singapore real estate landscape.