3 Room (3I) HDB for Sale in 66 Marine Drive

The valuation of the HDB 3 Room unit located in Marine Parade, with a remaining lease of 49 years, presents an intriguing case within the current real estate landscape. With an estimated value of $327,859, translating to a price per square foot (PSF) of $468, this property is positioned at a substantial premium—54.9% above the baseline market value. This noteworthy discrepancy signals a robust demand for properties in this vibrant district, characterized by its proximity to essential amenities and the appealing coastal environment.

Market dynamics surrounding this HDB unit reveal a complex interplay of factors influencing its valuation. The model confidence level is categorized as medium, suggesting a degree of variability in the market conditions reflected by the 13 recent HDB resale transactions in the vicinity. Investors and homeowners alike should be mindful of the implications of the remaining lease, as properties with shorter leases can experience reduced buyer interest over time. Nonetheless, the strong market signal indicates that Marine Parade remains a sought-after locale, likely due to its desirable lifestyle offerings and potential for future appreciation in value.