3 Room (3I) HDB for Sale in 6 Marine Terrace

The HDB 3-room unit located in the prestigious Marine Parade area, with a remaining lease of 48 years, has been appraised at an estimated value of $311,158, reflecting a price per square foot (PSF) of $445. This valuation positions the property above the market baseline by an impressive 60.7%, indicating strong demand and a competitive edge in this sought-after locale. The analysis is grounded in comprehensive data derived from 163 recent HDB resale transactions within the vicinity, enhancing the reliability of the valuation.

Given the high model confidence attributed to this assessment, it is evident that the Marine Parade HDB market is currently characterized by robust buyer interest, driven by the area's renowned amenities and proximity to the coast. The substantial premium over the baseline value underscores the desirability of this unit, even with a remaining lease of 48 years. As leasehold considerations become increasingly pivotal in property valuation, this particular HDB offering exemplifies the interplay between lease duration, location desirability, and market dynamics, reinforcing the notion that premium properties in established neighborhoods continue to attract discerning buyers.