4 Room (4I) HDB for Sale in 17 Marine Terrace

In the vibrant precinct of Marine Parade, the valuation of the HDB 4 Room unit reflects an estimated value of $396,100 or $449 PSF, positioning it significantly above the market average by 38.9%. This premium pricing can be attributed to the area’s desirable attributes, including proximity to the coastline, rich cultural amenities, and a robust sense of community. However, it is essential to consider the remaining lease of 47 years, which may pose a potential drawback for discerning buyers who prioritize long-term investment viability.

The model confidence in this valuation is currently assessed as low, indicating that market fluctuations and variations in buyer sentiment could have a considerable impact on the property's actual transaction value. The analysis is based on 7 recent HDB resale transactions within the vicinity, which suggests a nuanced but somewhat volatile market environment. As such, prospective buyers and investors should approach this valuation with a discerning eye, weighing the implications of a limited lease against the benefits of living in one of Singapore's most sought-after neighborhoods.