3 Room (3I) HDB for Sale in 5 Marine Terrace

The valuation of the HDB 3-room unit in Marine Parade, with a remaining lease of 47 years, stands at an estimated value of $304,585, reflecting a price per square foot (PSF) of $435. This assessment positions the property significantly above the baseline market value, with a remarkable 57.6% differential. Such a premium valuation indicates a strong demand for HDB units in this coveted district, characterized by its proximity to the vibrant East Coast and well-established amenities.

The high model confidence level, supported by an analysis of 164 recent HDB resale transactions in the vicinity, underscores the robustness of this valuation. Marine Parade is renowned for its appealing lifestyle offerings and accessibility, contributing to its desirability among potential buyers. The property’s remaining lease, while moderate, is mitigated by the area's consistent demand trends, which suggest a resilient market for HDB properties in this locale.