3 Room (3I) HDB for Sale in 31 Marine Crescent

The valuation of the 3-room HDB unit in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $305,181, translating to a price per square foot (PSF) of $436. This valuation signals a substantial premium over the market baseline, with an impressive 63.2% deviation, indicating that the property is positioned above the prevailing market rates. Such a valuation reflects the desirability of the Marine Parade area, known for its vibrant community and proximity to essential amenities, schools, and recreational facilities.

It is essential to consider the model confidence in this valuation, which is categorized as medium. This reflects the complexity of market dynamics and the influence of various factors such as recent comparable transactions. In this analysis, 18 recent HDB resale transactions in the vicinity have been considered, offering a more nuanced understanding of the local market trends and buyer sentiment. Investors and potential homeowners should weigh these insights alongside the remaining lease period, as properties with shorter leases may exhibit different buyer behavior and investment potential. Overall, this valuation encapsulates the interplay between location desirability and lease tenure, making it a critical touchpoint for stakeholders in the real estate market.