4 Room (4I) HDB for Sale in 61 Marine Drive

This analytical summary provides an in-depth valuation of a 4-room HDB property located in the prestigious Marine Parade estate, characterized by its remaining lease of 49 years. The estimated value of this property has been determined at $464,743, translating to a per square foot (PSF) rate of $497. Notably, this valuation places the property above the market average, indicating a significant 48.5% premium over the baseline valuation. Such a divergence signals robust demand dynamics in the Marine Parade area, which is known for its desirable amenities and proximity to the coastline.

However, it is crucial to note that the model confidence behind this valuation is low, primarily due to the limited dataset, which is based on only four recent HDB resale transactions in the vicinity. This scarcity of comparative data may affect the reliability of the estimated value and underscores the necessity for potential buyers to conduct further due diligence. In a market characterized by fluctuating demand and varying lease tenures, the remaining 49-year lease of this property may influence buyer sentiment, particularly among those who are mindful of lease decay. As the property market continues to evolve, investors and homeowners alike should remain vigilant and consider both macroeconomic factors and localized market trends when evaluating opportunities in this sought-after neighborhood.