4 Room (4I) HDB for Sale in 20 Marine Terrace

In the vibrant precinct of Marine Parade, the valuation of this 4-room HDB flat at an estimated value of $351,071 (or $371 PSF) signifies a noteworthy position in the current real estate landscape. With a remaining lease of 47 years, this property presents a unique opportunity in a location that is traditionally associated with high demand and desirable living conditions. However, the valuation is classified as being above market, reflecting a significant 96.5% difference from the baseline, which suggests a premium that may not be fully justified by recent market performance.

The model confidence for this valuation is currently rated as low, primarily due to a limited data set, with only one recent HDB resale transaction in the vicinity serving as a benchmark. This scarcity of comparable transactions could lead to potential overestimation of property value, emphasizing the need for cautious consideration by prospective buyers. As the Marine Parade area continues to evolve, it will be crucial for stakeholders to monitor market trends closely, particularly in relation to lease longevity and local demand, to navigate the complexities of this premium valuation effectively.