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

The HDB 3 room property situated in the prestigious Marine Parade locale exhibits a valuation of $298,986, translating to $408 PSF. With a remaining lease of 49 years, this valuation is positioned significantly above the market baseline, reflecting an 80.6% difference. This substantial premium indicates a robust demand within the Marine Parade sector, driven by its strategic location and the desirability of living in a well-established, amenity-rich neighborhood.

However, it is crucial to note that the model confidence in this valuation is assessed as low, primarily based on a limited data set comprising only four recent HDB resale transactions in the vicinity. The variance in individual property characteristics, market sentiment, and broader economic conditions can heavily influence transaction prices. As such, while the current valuation may suggest an optimistic outlook, prospective buyers and investors should exercise caution and conduct comprehensive due diligence regarding the dynamics of leasehold properties in Singapore's evolving real estate market.