3 Room (3I) HDB for Sale in 47 Marine Crescent

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 47 years, reflects a noteworthy assessment of $288,899, corresponding to a price per square foot (PSF) of $413. This figure places the property significantly above the market baseline, showcasing an impressive 81.7% deviation, suggesting that the unit commands a premium due to various underlying factors including location desirability and community amenities.

Analyzing the market dynamics, the model confidence level is classified as medium, indicating a moderate degree of certainty based on recent trends. This valuation is supported by 12 comparable HDB resale transactions in the vicinity, which serve as a foundation for understanding local market conditions. The Marine Parade area is renowned for its strategic positioning, proximity to the coast, and vibrant community life, all of which contribute to sustained demand for HDB properties in this locale. As such, prospective buyers should consider both the remaining lease and prevailing market signals when evaluating investment potential in this prestigious area.