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

The valuation of the HDB 3 Room property in Marine Parade, with a remaining lease of 49 years, reflects a notable market dynamic, positioning it above the baseline at an estimated value of $323,424, equating to $463 per square foot. This premium valuation is indicative of the area's desirability and the competitive landscape for HDB properties within this sought-after precinct. With a significant 39.1% difference from the baseline market value, this property demonstrates strong demand factors driving prices up, despite the relatively shorter remaining lease compared to the average lifespan of HDB properties.

Analysis of 14 recent resale transactions in the vicinity underpins this valuation, providing a credible basis for understanding market sentiment and buyer behavior. The medium confidence level in this model suggests that while there is robust data supporting this valuation, market fluctuations and external economic factors may influence future price trajectories. As such, prospective buyers should weigh the balance of lease tenure against the vibrant local amenities and infrastructure that Marine Parade offers, ensuring a comprehensive evaluation of this investment opportunity.