3 Room (3I) HDB for Sale in 65 Marine Drive

The valuation of the HDB 3-room property located in the prestigious Marine Parade area stands at an estimated value of $323,424, translating to a price per square foot of $463. With a remaining lease of 49 years, this property is positioned within a competitive market landscape, as evidenced by its valuation being notably above the market baseline by 40.7%. This substantial premium indicates a strong demand for HDB units in this sought-after district, reflecting the unique appeal of Marine Parade's amenities, proximity to the coast, and overall livability.

Our analytical model, based on a comprehensive review of 14 recent HDB resale transactions in the vicinity, exhibits a medium confidence level in this valuation. The elevated price point suggests an acute interest from buyers, likely driven by the area's reputation and potential for future appreciation. It is imperative for stakeholders to consider the implications of the remaining lease; while the current valuation is robust, potential buyers should assess the long-term investment perspective, particularly in relation to leasehold properties in Singapore's evolving real estate landscape.