3 Room (3I) HDB for Sale in 64 Marine Drive

The valuation of the HDB 3-room unit in Marine Parade, estimated at $292,484 or $400 per square foot, reflects a notable premium above the baseline market value, indicating a market signal that is approximately 70.6% higher than the average for similar properties in the vicinity. This significant disparity suggests that this unit commands a higher perceived value, likely due to its desirable location within the esteemed Marine Parade estate, which is well-regarded for its accessibility to amenities and quality of living.

However, it is essential to consider the implications of the remaining lease of 48 years on the property's valuation. A diminishing lease period can impact buyer sentiment and financing options, potentially contributing to the low model confidence indicated in this analysis. The valuation is based on only four recent HDB resale transactions in the area, which may limit the robustness of the data and the overall market trends. As such, potential investors should weigh the current premium against the long-term implications of leasehold dynamics, as well as the broader market conditions that could influence future resale values.