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

The valuation of the HDB 3 Room property in Marine Parade reflects a distinct positioning in the current real estate landscape, particularly with a remaining lease of 48 years. Estimated at $317,251, translating to $454 per square foot, this property is currently valued above the market baseline, showcasing a significant 41.8% premium. Such an elevated valuation indicates strong demand dynamics and desirability in the Marine Parade area, known for its prime location and proximity to essential amenities.

Our analysis is supported by recent transactional data, with 14 resale transactions in the vicinity reinforcing this valuation. However, the model confidence is rated as medium, suggesting a degree of caution should be exercised by potential buyers. The combination of a reduced lease term and heightened market valuation underscores the critical balance between demand and the lifespan of the property asset. Investors and homeowners alike should consider both the current market positioning and the implications of the remaining lease when evaluating this opportunity.