Blk 2 Marine Terrace
About 2 Marine Ter
2 Marine Terrace is an HDB block located in Marine Parade. It has 5 room units and the highest floor is 25. The block was completed in 1974 and the lease with HDB commenced in 1975. This means that the remaining lease period is approximately 56 years 11 months. The unit floor size are 117, 120 and 122sqm. The latest resale transaction was in May 2024 and the highest transacted price was recorded in Aug 2021 for a 5 room unit at $950,000.
There are several primary schools located within 1km of block 2, including Ngee Ann Primary School.
Block 2 is also close to several MRT stations, making it easy to get around Singapore. The following MRT stations are within walking distance of the block : Marine Terrace MRT Station (TE27).
There are also 6 bus stops within walking distance of the block.
Resale summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Sold |
|---|---|---|---|---|
| 5 room | $800,000 | $873,286 | $950,000 | 7 |
Rental summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Rented |
|---|---|---|---|---|
| 5 room | $2,000 | $3,058 | $4,700 | 18 |
Resale transactions volume and average price trend (last 3 years)
Below is a quick summary of the resale transactions volume and average price trends for the 5 room units at 2 Marine Terrace.
- 5 room sales : Trending down
- 5 room price : Trending down
Analysis of price range & units sold by block numbers (last 3 years)
Here's a view of the transacted price ranges and units sold over the last 3 years grouped by flat types and blocks from Marine Terrace Walk. We will compare a total of 2 flat types (3 Room and 5 Room), across a total of 7 blocks within this HDB project/estate. Block 2 has been highlighted in the table(s) below for easy comparison with other blocks with similar flat types.
| Block | Avg $ | Min $ | Max $ | Units sold |
|---|---|---|---|---|
| 5 | $400,400 | $355,000 | $430,000 | 5 |
| 6 | $409,857 | $312,000 | $505,000 | 14 |
| 7 | $392,286 | $340,000 | $432,000 | 7 |
| 8 | $430,464 | $365,000 | $520,000 | 14 |
| Block | Avg $ | Min $ | Max $ | Units sold |
|---|---|---|---|---|
| 1 | $910,750 | $753,000 | $1,080,000 | 4 |
| 2 | $873,286 | $800,000 | $950,000 | 7 |
| 3 | $811,981 | $645,888 | $938,000 | 6 |
| 6 | $1,038,888 | $1,038,888 | $1,038,888 | 1 |
Resale transaction details and prices
There were a total of 7 resale transactions in the last 3 years for units in block 2 Marine Terrace, with the latest one recorded in May 2024.
| Date | Resale | PSM | Type | Location | Floor | Fl. Area | Model | Built |
|---|---|---|---|---|---|---|---|---|
| May 2024 | $800,000 | $6,667 | 5 Room | Blk 2 Marine Terrace 5 Room / 120 sqm | 04 to 06 | 120 sqm | Standard | 1975 |
| Jan 2023 | $845,000 | $7,222 | 5 Room | Blk 2 Marine Terrace 5 Room / 117 sqm | 07 to 09 | 117 sqm | Standard | 1975 |
| Oct 2022 | $880,000 | $7,333 | 5 Room | Blk 2 Marine Terrace 5 Room / 120 sqm | 07 to 09 | 120 sqm | Standard | 1975 |
| Jul 2022 | $880,000 | $7,521 | 5 Room | Blk 2 Marine Terrace 5 Room / 117 sqm | 16 to 18 | 117 sqm | Standard | 1975 |
| Dec 2021 | $820,000 | $6,833 | 5 Room | Blk 2 Marine Terrace 5 Room / 120 sqm | 22 to 24 | 120 sqm | Standard | 1975 |
| Aug 2021 | $938,000 | $8,017 | 5 Room | Blk 2 Marine Terrace 5 Room / 117 sqm | 22 to 24 | 117 sqm | Standard | 1975 |
| Aug 2021 | $950,000 | $7,917 | 5 Room | Blk 2 Marine Terrace 5 Room / 120 sqm | 19 to 21 | 120 sqm | Standard | 1975 |
Rental transactions volume and average rental price trend (last 3 years)
Here's a summary of the rental transactions and price trends for the 5 room units at 2 Marine Terrace.
- 5 room rental : Trending down
- 5 room rental price : Trending up
Analysis of rental price range & units rented by block numbers (last 3 years)
Displayed below is a view of the rental price ranges and units rented over the last 3 years. They are grouped by flat types and blocks from Marine Terrace Walk. We will compare a total of 2 flat types (3 Room and 5 Room), across a total of 7 blocks within this HDB project/estate. Block 2 has been highlighted in the table(s) below for easy comparison with the other blocks in the same estate.
| Block | Avg $ | Min $ | Max $ | Units rented |
|---|---|---|---|---|
| 5 | $2,491 | $1,700 | $3,500 | 49 |
| 6 | $2,529 | $1,000 | $3,900 | 39 |
| 7 | $2,561 | $1,500 | $4,000 | 31 |
| 8 | $2,345 | $1,700 | $3,200 | 28 |
| Block | Avg $ | Min $ | Max $ | Units rented |
|---|---|---|---|---|
| 1 | $3,075 | $2,750 | $3,400 | 2 |
| 2 | $3,058 | $2,000 | $4,700 | 18 |
| 3 | $3,220 | $2,500 | $4,600 | 10 |
Rental transaction details and prices
There were a total of 18 rental transactions in the last 3 years for units in block 2 Marine Terrace. The latest recorded one was in Mar 2024.
| Date | Rental | Flat Type | Location | Town |
|---|---|---|---|---|
| Mar 2024 | $3,950 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Feb 2024 | $4,500 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Dec 2023 | $2,700 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Dec 2023 | $4,000 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Nov 2023 | $4,700 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Nov 2023 | $2,300 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Nov 2023 | $4,250 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Aug 2023 | $2,300 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Jan 2023 | $2,200 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Nov 2022 | $2,000 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Oct 2022 | $2,800 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Oct 2022 | $2,650 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| May 2022 | $3,600 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Apr 2022 | $2,800 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Nov 2021 | $2,750 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Nov 2021 | $2,250 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Aug 2021 | $3,000 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
| Aug 2021 | $2,300 | 5 Room | Blk 2 Marine Terrace 5 Room | Marine Parade |
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Property information for 2 Marine Terrace
| Block | : | 2 |
| Street | : | Marine Terrace |
| Building | : | Marine Terrace Walk |
| Postal code | : | 440002 |
| Town | : | Marine Parade |
| Recorded transactions floor area | : | 117 sqm, 120 sqm, 122 sqm |
| Recorded transactions flat types | : | 5 Room |
| Recorded transactions flat models | : | Standard |
| Lease commencement | : | 1975 |
| Year completed | : | 1974 |
| Max. Floor | : | 25 |
| Residential? | : | Y |
| Commercial? | : | N |
| Market or hawker centre? | : | N |
| Multi-storey carpark? | : | N |
| Precinct or pavilion? | : | N |