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

The valuation of the HDB 3-room property located in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $298,986, translating to a price per square foot (PSF) of $408. This valuation is indicative of a market signal that suggests the property is priced above the prevailing market, with an impressive 80.6% difference from the baseline. Such a significant premium may reflect various factors, including the desirability of the Marine Parade area, which is known for its vibrant community, proximity to amenities, and waterfront living.

However, it is crucial to note that the model confidence level is categorized as low, suggesting that the valuation should be interpreted with caution. The analysis is based on four recent HDB resale transactions in the vicinity, which may not provide a sufficiently robust dataset to capture the full spectrum of market dynamics. As the remaining lease of this property decreases, potential buyers must weigh the implications of leasehold tenure against the allure of the Marine Parade locale. Overall, while the valuation indicates a strong market position, prospective investors should conduct thorough due diligence, considering both current market conditions and future lease implications.