Blk 8 Marine Terrace
About 8 Marine Ter
8 Marine Terrace comprises 3 room HDB blocks and is located in Marine Parade. It was completed in year 1974 and the lease commenced in 1975. The remaining lease period with HDB is therefore approximately 56 years 09 months.
The highest floor for this block is 12. The unit floor size are 65 and 76sqm, based on past transactions data. The latest resale transaction was in Jun 2024 and the highest transacted price was recorded in Aug 2023 for a 3 room unit at $520,000.
In terms of accessibility to schools, there are several primary schools located within 1km of block 8, including Ngee Ann Primary School.
Block 8 is also well-connected to public transportation, with several MRT stations close by, including Marine Terrace MRT Station (TE27).
There are also 9 bus stops easily accessible from this block.
Resale summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Sold |
|---|---|---|---|---|
| 3 room | $365,000 | $430,464 | $520,000 | 14 |
Rental summary (last 3 years)
| Flat Type | Min $ | Avg $ | Max $ | Rented |
|---|---|---|---|---|
| 3 room | $1,700 | $2,345 | $3,200 | 28 |
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 3 room units at 8 Marine Terrace.
- 3 room sales : Stable or no visible trend
- 3 room price : Trending up
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 8 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 14 resale transactions in the last 3 years for units in block 8 Marine Terrace, with the latest one recorded in Jun 2024.
| Date | Resale | PSM | Type | Location | Floor | Fl. Area | Model | Built |
|---|---|---|---|---|---|---|---|---|
| Jun 2024 | $500,000 | $6,579 | 3 Room | Blk 8 Marine Terrace 3 Room / 76 sqm | 07 to 09 | 76 sqm | Improved | 1975 |
| Feb 2024 | $455,000 | $7,000 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 07 to 09 | 65 sqm | Improved | 1975 |
| Jan 2024 | $435,000 | $6,692 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 07 to 09 | 65 sqm | Improved | 1975 |
| Aug 2023 | $520,000 | $6,842 | 3 Room | Blk 8 Marine Terrace 3 Room / 76 sqm | 10 to 12 | 76 sqm | Improved | 1975 |
| Jul 2023 | $485,500 | $6,388 | 3 Room | Blk 8 Marine Terrace 3 Room / 76 sqm | 04 to 06 | 76 sqm | Improved | 1975 |
| Jan 2023 | $480,000 | $6,316 | 3 Room | Blk 8 Marine Terrace 3 Room / 76 sqm | 10 to 12 | 76 sqm | Improved | 1975 |
| Oct 2022 | $386,000 | $5,938 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 01 to 03 | 65 sqm | Improved | 1975 |
| Aug 2022 | $400,000 | $6,154 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 10 to 12 | 65 sqm | Improved | 1975 |
| Apr 2022 | $440,000 | $5,789 | 3 Room | Blk 8 Marine Terrace 3 Room / 76 sqm | 04 to 06 | 76 sqm | Improved | 1975 |
| Feb 2022 | $372,000 | $5,723 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 04 to 06 | 65 sqm | Improved | 1975 |
| Dec 2021 | $383,000 | $5,892 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 07 to 09 | 65 sqm | Improved | 1975 |
| Oct 2021 | $420,000 | $5,526 | 3 Room | Blk 8 Marine Terrace 3 Room / 76 sqm | 01 to 03 | 76 sqm | Improved | 1975 |
| Sep 2021 | $385,000 | $5,923 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 10 to 12 | 65 sqm | Improved | 1975 |
| Aug 2021 | $365,000 | $5,615 | 3 Room | Blk 8 Marine Terrace 3 Room / 65 sqm | 07 to 09 | 65 sqm | Improved | 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 3 room units at 8 Marine Terrace.
- 3 room rental : Trending up
- 3 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 8 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 28 rental transactions in the last 3 years for units in block 8 Marine Terrace. The latest recorded one was in May 2024.
| Date | Rental | Flat Type | Location | Town |
|---|---|---|---|---|
| May 2024 | $2,600 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Mar 2024 | $2,350 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jan 2024 | $2,800 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jan 2024 | $2,100 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Dec 2023 | $3,000 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Dec 2023 | $3,000 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Dec 2023 | $2,650 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Nov 2023 | $3,200 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Oct 2023 | $1,700 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jul 2023 | $2,200 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| May 2023 | $2,300 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Apr 2023 | $2,200 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jan 2023 | $2,900 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jan 2023 | $2,000 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jan 2023 | $2,100 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jan 2023 | $2,600 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Nov 2022 | $3,200 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Jul 2022 | $2,000 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| May 2022 | $2,000 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Apr 2022 | $1,800 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Mar 2022 | $2,600 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Mar 2022 | $2,000 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Mar 2022 | $2,400 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Feb 2022 | $2,000 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Feb 2022 | $1,900 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Nov 2021 | $2,550 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Oct 2021 | $1,700 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
| Sep 2021 | $1,800 | 3 Room | Blk 8 Marine Terrace 3 Room | Marine Parade |
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Property information for 8 Marine Terrace
| Block | : | 8 |
| Street | : | Marine Terrace |
| Building | : | Marine Terrace Walk |
| Postal code | : | 440008 |
| Town | : | Marine Parade |
| Recorded transactions floor area | : | 65 sqm, 76 sqm |
| Recorded transactions flat types | : | 3 Room |
| Recorded transactions flat models | : | Improved |
| Lease commencement | : | 1975 |
| Year completed | : | 1974 |
| Max. Floor | : | 12 |
| Residential? | : | Y |
| Commercial? | : | N |
| Market or hawker centre? | : | N |
| Multi-storey carpark? | : | N |
| Precinct or pavilion? | : | N |