3 Room (3I) HDB for Sale in 66 Marine Drive

The valuation of the HDB 3 Room property in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $383,127, translating to a price per square foot (PSF) of $468. This valuation emerges from an analysis of 13 recent HDB resale transactions in the vicinity, which provides a robust yet medium-confidence insight into the current market landscape. The property’s pricing is positioned significantly above the market baseline, reflecting a 30.5% premium. This premium indicates strong demand and perceived value within this sought-after district, despite the decreasing lease duration compared to newer developments.

Marine Parade holds a unique charm characterized by its proximity to amenities, recreational spaces, and scenic coastal views, which contributes to its desirability among potential buyers. The market signal, indicating an above-market valuation, suggests that buyers are willing to pay a premium for properties in this area, possibly due to the limited availability of HDB flats and the strategic location. As the lease period diminishes, the dynamics of property investment in Singapore, particularly in mature estates like Marine Parade, warrant close attention from prospective investors, who must weigh the benefits of location against the implications of the lease term on long-term value appreciation.