60 Marine Drive 440060, Marine Parade, Central Region, Singapore
$3,400 /month
Available from 1st October,2023 Main Features: Door to Door unit - Lift Level and Maintained Unit Quite and Peaceful Facing - No afternoon sun!!* *Convenient to Market* Nearby amenities ⭑ Nearby MRTs • Marine Parade (158 m) - 3 mins walk • 3 MRTs within 1 km ⭑ Nearby Bus stops • Between Blks 72/74 (140 m) - 2 mins walk • Opposite Blk 72 (155 m) - 3 mins walk • Before Grand Hotel (321 m) - 5 mins walk • 7 more walking distance bus stops within 500 m ⭑ Nearby Grocery Stores • FairPrice Finest - Finest Marine Parade (259 m) - 4 mins walk • Market Place - Katong Market Place (439 m) - 7 mins walk • Giant Hyper - Parkway Parade (445 m) - 7 mins walk • 1 more walking distance grocery store within 500 m ⭑ Nearby Schools • CHIJ (Katong) Primary (446 m) - 7 mins walk • Tanjong Katong Primary School (966 m) - 4 mins drive • MOE Kindergarten @ Tanjong Katong (966 m) - 4 mins drive Marine Drive Gardens is the perfect property in Marine Parade for you! Located in Marine Parade HDB Estate, this development is part of District 15. Completed in 1976, Marine Drive Gardens is a 99 year leasehold HDB Development with a total of 130 units. It has a total of 14 floors and is one of 18 HDB blocks on Marine Drive. With >10 years of professional experience in the field of corporate finance, I like to deploy a partnership approach with my clients in their home ownership journey. In return, I provide them with data-backed insights to help them make an informed decision on their purchase. Happy to chat about your property needs! Call/WhatsApp me: Brendan Yap 8360......
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…
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Estimated sale value based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$452,345
S$483 psf
Asking Price
S$3,400
S$4 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
48 yrs
99-year Leasehold · ⚠️ Short lease
Confidence
Low
1 comps
Nearest MRT
Eunos
1937m away
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$705
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.686
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$483
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneFeb 2025 | Blk 60 MARINE DR Floor 07 TO 09 | 936sqft | S$660,000 | ▲S$705 +46.0% vs FV | 99yr from 1976 |
Feb 2025 | Blk 60 MARINE DR Floor 07 TO 09 | 936sqft | S$660,000 | ▲S$705 +46.0% vs FV | 99yr from 1976 |
Blk 60 MARINE DR
Feb 2025 · Floor 07 TO 09
+46.0% vs FV
Blk 60 MARINE DR
Feb 2025 · Floor 07 TO 09
+46.0% vs FV
HELIOS AI Analysis
The HDB 4 Room property located in the prestigious Marine Parade area, with a remaining lease of 48 years, has been appraised at an estimated value of $452,345, translating to $483 per square foot (PSF). This valuation reflects a market price that is aligned with the baseline, indicating a 0% difference, which suggests that the property is currently priced at market equilibrium. Such stability in pricing signals a balanced supply-demand dynamic, yet raises concerns regarding future appreciation potential given the diminishing lease term.
However, it is imperative to note the model confidence in this valuation is categorized as low, primarily due to the limited data available, with only one recent HDB resale transaction serving as a comparative benchmark in the vicinity. This scarcity of transactional evidence may impact the reliability of the valuation and reflects the need for a cautious approach in investment decisions. As the remaining lease diminishes over time, prospective buyers may need to weigh the benefits of living in a sought-after locale against the implications of leasehold tenure in the long-term capital appreciation strategy.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.