3 Room (3I) HDB for Sale in 59 Marine Terrace

The valuation of the HDB 3 Room unit in Marine Parade, with a remaining lease of 47 years, has been estimated at $356,111 or $435 PSF. This figure reflects a significant market signal, indicating an above market valuation with a remarkable 71.3% difference from the baseline. Such a premium valuation suggests that buyer sentiment in this area remains robust, driven by the desirability of Marine Parade as a sought-after residential location.

With a high model confidence rating based on an analysis of 162 recent HDB resale transactions in the vicinity, this valuation underscores the dynamic nature of the Singapore housing market. The longevity of the remaining lease is a critical factor that potential buyers must consider. Despite the diminishing lease term, the strong demand reflects the attractive amenities, proximity to the coast, and vibrant community that Marine Parade offers. As urban developments and infrastructural enhancements continue to unfold in the area, the enduring appeal of this property type is likely to sustain its market position.