4 Room (4I) HDB for Sale in 17 Marine Terrace

The valuation of the HDB 4 Room property in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $396,100, translating to a price per square foot of $449. This valuation reflects a significant market signal, registering an impressive 41.4% increase above the baseline valuation for similar properties in the region. Such a premium suggests a robust demand for housing in this highly sought-after locale, indicative of Marine Parade's enduring appeal driven by its strategic location and proximity to amenities.

However, it is crucial to note that the model confidence for this valuation is categorized as low, which may introduce a degree of uncertainty. The analysis is based on seven recent HDB resale transactions in the vicinity, highlighting a potential inconsistency in comparable sales data. This could imply that while current market conditions favor sellers, buyers should exercise caution and conduct thorough due diligence. The remaining lease of 47 years is also a vital consideration, as it may impact future resale value and buyer sentiment, particularly in a market that increasingly values lease longevity.