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

The valuation of the 5-room HDB property 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 of $537. This assessment positions the property significantly above the market baseline, reflecting a notable 73% difference. Such a premium valuation indicates that the property not only benefits from the desirable location within the Marine Parade estate but also demonstrates strong demand dynamics among prospective buyers who are willing to invest at elevated price points for the right attributes.

Market signals derived from a comparative analysis of 10 recent HDB resale transactions in the vicinity underpin this valuation. The model confidence is assessed as medium, suggesting that while the data and trends provide a solid foundation for the valuation, external market fluctuations and the remaining lease tenure may introduce some variability in buyer sentiment. The extended lease period of 49 years remains a critical factor, as it reflects the longevity of ownership among potential buyers, offering them a substantial time horizon for both residency and appreciation. Thus, the Marine Parade HDB market continues to exhibit resilience and attractiveness, even in the context of diminishing lease lengths.