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

The valuation of the HDB 4-room property in Marine Parade, estimated at $446,061 or $477 PSF, reflects a compelling market dynamic characterized by a significant premium above baseline expectations. With a remaining lease of 49 years, this property not only benefits from its desirable location but also showcases the strength of demand in a highly sought-after district. The valuation indicates an impressive 54.7% difference from the baseline, suggesting that buyers are willing to invest considerably more than what might traditionally be expected for similar properties in the area.

The model confidence for this valuation is rated as high, grounded in an analysis of 72 recent HDB resale transactions within the vicinity, which underscores the ongoing appeal of Marine Parade as a residential choice. Factors such as proximity to amenities, schools, and public transport contribute to this heightened valuation. As the market continues to evolve, properties in this region are likely to maintain their attractiveness, especially with the limited supply associated with shorter leases, reinforcing the notion that well-located HDB units can command premium pricing even with several decades remaining on their leases.