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

The valuation of the 4-room HDB unit in Marine Parade, set at an estimated value of $395,652, reflects a price per square foot (PSF) of $449. Notably, this valuation registers a significant market signal, indicating that the property is priced above the market average by 51.6%. Such a premium price point suggests a strong demand for residential properties in this coveted locale, which is well-known for its vibrant community and proximity to essential amenities and recreational facilities.

However, the model confidence for this valuation is assessed as low, stemming from the analysis of only seven recent HDB resale transactions in the vicinity. This limited dataset may not fully capture the broader market dynamics and can lead to potential fluctuations in value perception. Furthermore, with a remaining lease of 47 years, prospective buyers should consider the implications of leasehold tenure on long-term investment viability. In an evolving real estate landscape, particularly in Singapore, lease longevity plays a crucial role in determining buyer sentiment and pricing strategies, thereby influencing overall market health.