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

The valuation of the HDB 3 Room unit located in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $323,424, translating to $463 per square foot. This figure reflects a significant market signal, indicating a premium valuation that is 39.1% above the baseline. Such a substantial divergence from the average market rate suggests that the property is positioned favorably within the competitive landscape of HDB resale transactions in the area.

Analyzing the market dynamics, this valuation is derived from a comprehensive assessment of 14 recent HDB resale transactions in Marine Parade, which reinforces the model confidence at a medium level. The elevated valuation can be attributed to several factors, including the desirable location of Marine Parade, which is known for its vibrant community and proximity to essential amenities. As leasehold properties continue to garner attention, this particular unit’s extended remaining lease presents a compelling opportunity for prospective buyers, balancing the allure of premium living with the intrinsic value of longevity in tenure.