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

The valuation of the HDB 4-room unit in Marine Parade, estimated at $396,069 with a price per square foot (PSF) of $449, presents a compelling case in the current market landscape. With a remaining lease of 47 years, this property is positioned within a vibrant neighborhood known for its amenities and proximity to the coast. The valuation reflects a significant premium, as it is assessed at 71.2% above the baseline market value, indicating a robust demand for HDB units in this area despite the shorter lease tenure.

Market dynamics suggest a healthy competition for properties in Marine Parade, supported by the analysis of 9 recent HDB resale transactions in the vicinity. The model confidence is categorized as medium, suggesting that while the valuation is supported by comparable sales data, external factors such as economic shifts and policy changes could influence future resale values. This valuation underscores the importance of lease tenure in shaping buyer sentiment and pricing strategies, particularly in a market where buyers are increasingly discerning about the long-term value of their investments.