4 Room (4I) HDB for Sale in 20 Marine Terrace

The current valuation of the HDB 4 Room unit in Marine Parade indicates an estimated value of $358,541, translating to a price per square foot (PSF) of $379. This valuation is notably above the market baseline, exhibiting a substantial 92.4% difference from the typical market values observed in the area. Such a significant premium can often be attributed to the desirable location and the unique attributes of the Marine Parade estate, which is known for its proximity to amenities, recreational spaces, and transport links.

However, it is essential to consider the remaining lease of 48 years, which introduces a layer of complexity in the valuation process. As the lease term diminishes, the property may experience fluctuations in demand, especially among potential buyers looking for long-term investment stability. The model confidence for this valuation is currently categorized as low, primarily due to the reliance on only one recent HDB resale transaction in the vicinity. This limited transaction data may not adequately reflect the broader market trends, thus suggesting caution for prospective buyers and investors in interpreting the current valuation.