5 Room (5STD) HDB for Sale in 77 Marine Drive

The valuation of the HDB 5-room unit located in Marine Parade, with a remaining lease of 49 years, stands at an estimated value of $693,741, translating to a price per square foot (PSF) of $537. This valuation reflects a significant market signal, being positioned 73% above the baseline, indicating a robust demand within this desirable precinct. The Marine Parade area, known for its strategic location and proximity to the coastline, contributes to heightened buyer interest, despite the diminishing lease term.

However, it is essential to note that the model confidence for this valuation is classified as low, suggesting variability in the data inputs and potentially the presence of outlier transactions influencing the assessed value. This valuation is based on an analysis of five recent HDB resale transactions in the vicinity, which indicates that while the area remains attractive, the sustainability of this price point may be subject to further scrutiny, especially as the remaining lease continues to shorten. Investors and homeowners alike should weigh these factors carefully, considering both the implications of lease longevity and the prevailing market dynamics in their decision-making processes.