3 Room (3I) HDB for Sale in 65 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 $370,760, translating to a price per square foot of $453. This valuation is characterized as above market, reflecting a significant 49.7% premium compared to the baseline valuation for similar properties in the region. Such a robust market signal indicates a strong demand for HDB properties in this sought-after locale, further underscored by the area's desirable amenities and proximity to the coast.

With a model confidence rating classified as high, this valuation is bolstered by thorough analysis of 28 recent HDB resale transactions in the vicinity. The dynamics of the Marine Parade market suggest that buyers are willing to pay a premium for HDB units, particularly those with a reasonable remaining lease. Factors contributing to this premium include the area's strategic location, quality of life, and the historical resilience of property values in this district. As such, investors and homeowners alike may find this HDB unit a compelling opportunity for both immediate occupancy and long-term capital appreciation.