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

The valuation of the HDB 5-room unit 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 valuation is indicative of a market signal that is significantly above the baseline, reflecting a remarkable 73% premium compared to typical market rates. Such a substantial discrepancy suggests that this property is not only highly sought after but also benefits from the unique characteristics and desirability of the Marine Parade area.

Market dynamics in Marine Parade are influenced by various factors, including its proximity to the waterfront, established amenities, and robust transport links. The medium level of model confidence, derived from an analysis of 10 recent HDB resale transactions in the vicinity, indicates a reliable but cautious interpretation of market trends. Buyers should consider both the remaining lease period and the premium pricing when evaluating this property, as these elements will significantly impact long-term investment potential and resale opportunities in a competitive HDB market.