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

The valuation of the HDB 4 Room unit in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $446,061, translating to a price per square foot (PSF) of $477. This valuation is indicative of a significant market signal, being positioned above the average market baseline by an impressive 54.7%. Such a discrepancy suggests a robust demand for housing in this prestigious locale, reflecting Marine Parade's desirability as a residential area.

The high model confidence, grounded in the analysis of 72 recent HDB resale transactions in the vicinity, reinforces the reliability of this valuation. Factors contributing to this elevated market position include the area's strategic location, proximity to amenities, and the enduring appeal of Marine Parade as a sought-after residential enclave. It is noteworthy that as the lease term dwindles, potential buyers may weigh the implications of long-term investment; however, the current market dynamics indicate that the premium pricing remains justified in light of prevailing demand and limited supply. This analysis serves as a vital insight for prospective buyers and investors looking to navigate the complexities of the Singapore HDB market.