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

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $323,424, translating to a price per square foot (PSF) of $463. This valuation is notably positioned above the market baseline, reflecting a significant 40.7% premium. Such a differential indicates strong demand within the Marine Parade vicinity, where residential appeal is bolstered by its proximity to amenities, reputable schools, and scenic coastal access.

This analysis is derived from a close examination of 14 recent HDB resale transactions in the area, which reinforce the observed market trend. The model confidence for this valuation is categorized as medium, suggesting that while there are supportive market signals, fluctuations may still occur due to broader economic factors and changes in buyer sentiment. The remaining lease of 49 years is a critical consideration for potential buyers, as it may influence their investment outlook and financing options. However, the strong market dynamics in Marine Parade continue to uphold property values, indicating a resilient interest among buyers despite the lease duration.