3 Room (3A) HDB for Sale in 66 Marine Drive

The valuation of the HDB 3 Room unit in Marine Parade, with a remaining lease of 48 years, stands at an estimated value of $310,848, translating to a price per square foot (PSF) of $445. This valuation is notably positioned above the market baseline, demonstrating a remarkable 44.8% premium. Such a substantial deviation from the baseline indicates a strong demand for housing in this sought-after locale, reflecting the area's appeal as a vibrant residential hub.

The high model confidence of this valuation is underscored by a robust dataset derived from 164 recent HDB resale transactions in the vicinity. This data reinforces the notion that Marine Parade continues to attract discerning buyers, driven by its strategic location and lifestyle offerings. As the remaining lease dips below 50 years, potential buyers should consider the implications on long-term value and resale opportunities. However, the current market dynamics suggest that properties in this area are not only holding their value but are also appreciating, making it an attractive option for both homebuyers and investors alike.