4 Room (4I) HDB for Sale in 45 Marine Crescent

The valuation of the HDB 4-room unit located in Marine Parade reveals an estimated value of $404,630, translating to a price per square foot of $427. This valuation positions the property above the market baseline, exhibiting a significant differential of 72.8%. Such a notable premium reflects the desirability of Marine Parade as a residential enclave, characterized by its proximity to amenities, educational institutions, and recreational facilities that cater to a diverse demographic.

With a remaining lease of 47 years, the longevity of the lease plays a crucial role in attracting potential buyers despite the evident depreciation associated with shorter leases. The model confidence for this valuation is rated as medium, underscoring the necessity for prospective investors to consider additional market factors. The analysis is grounded in data derived from 10 recent HDB resale transactions in the vicinity, providing a comprehensive view of the current market dynamics. This premium positioning not only indicates strong demand but also reflects the macroeconomic factors influencing the real estate landscape in Singapore.