5 Room (5STD) HDB for Sale in 79 Marine Drive

The valuation of the HDB 5 Room unit located in Marine Parade, with a remaining lease of 50 years, stands at an estimated value of $677,906, translating to a price per square foot (PSF) of $525. This valuation reflects a significant market signal, being approximately 77% above the baseline, indicating a pronounced demand within this prestigious district. The Marine Parade area is known for its proximity to recreational amenities, educational institutions, and its vibrant community, which contributes to the heightened interest in HDB properties, particularly those with favorable layouts and potential for appreciation.

However, it is important to note that the model confidence in this valuation is classified as low, based on a limited dataset comprising only six recent HDB resale transactions in the vicinity. This lack of comprehensive data may suggest that while the immediate market sentiment is bullish, there may be underlying factors that could influence future price stability. Buyers should therefore exercise caution and consider the implications of the remaining lease when assessing the long-term value of this property. As Singapore continues to navigate its evolving real estate landscape, the interplay between lease tenure, market demand, and property attributes will be crucial in informing investment decisions.