5 Room (5STD) HDB for Sale in 73 Marine Drive

The valuation of the HDB 5-room property located in Marine Parade, with a remaining lease of 50 years, is estimated at $779,788, translating to a price per square foot (PSF) of $604. This valuation positions the property significantly above the market baseline, reflecting a remarkable 26.7% premium compared to similar properties in the area. Such a premium indicates a strong demand for residential units in this sought-after locale, which is known for its vibrant community, proximity to amenities, and scenic coastal views.

However, it is important to note that the model confidence for this valuation is classified as low, which suggests that the data used for this estimate may be influenced by limited recent transactions in the vicinity. The valuation is primarily based on three recent HDB resale transactions, which may not fully encompass the broader market dynamics and variations in buyer preferences. As the remaining lease of 50 years nears its halfway point, potential buyers should consider the implications of lease tenure on long-term value retention and the overall investment attractiveness of the property.