3 Room (3I) HDB for Sale in 5 Marine Terrace

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $356,386, translating to a price per square foot (PSF) of $436. This valuation emerges from a robust analysis of 162 recent HDB resale transactions in the vicinity, reflecting a strong local market demand and a significant premium over the baseline value, as indicated by the 51.5% difference. Such a market signal suggests a heightened desirability for properties in this area, driven by its strategic location, amenities, and community attributes.

The high model confidence in this valuation underscores the reliability of the market data and trends observed. The above-market valuation also indicates a competitive landscape for buyers and sellers alike, with the potential for appreciation given the neighborhood’s characteristics and ongoing urban developments. As Marine Parade continues to evolve, stakeholders in the property market should closely monitor lease dynamics and market sentiments to make informed investment decisions.