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

This valuation report focuses on a four-room HDB unit located in the highly sought-after Marine Parade area, where the remaining lease stands at 49 years. The estimated value of this property is projected at $446,061, translating to a price per square foot (PSF) of $477. This valuation is indicative of a strong market sentiment, as it reflects a significant premium over the baseline valuation, with a remarkable 54.7% difference from the market average.

The analysis draws upon a comprehensive review of 72 recent HDB resale transactions within the vicinity, ensuring a robust foundation for the confidence level of this valuation, which is rated as high. The elevated market signal suggests a compelling demand for HDB properties in Marine Parade, driven by the area's strategic location, accessibility, and amenities. As the remaining lease period narrows, potential buyers are likely to weigh the implications of lease tenure heavily in their purchasing decisions, further accentuating the need for a thorough understanding of both current market dynamics and long-term investment potential in this vibrant neighborhood.