SELL & RENT HDBS IN MARINE PARADE ESTATE
Marine Parade (马林百列), Singapore’s first HDB estate built entirely on reclaimed land, is located along the southeastern coastline.
Established in the 1970s, the estate boasts stunning sea views, proximity to East Coast Park, and a blend of old and new developments. It’s a highly sought-after residential area with excellent connectivity, vibrant dining options, and an appealing coastal lifestyle.
The three main HDB subzones in the Marine Parade estate:
- Marine Crescent
- Marine Drive
- Marine Terrace
I was just married and was looking for a place to stay and decided to choose Marine Parade even though it was still developing. I took the gamble (1975) and I never regretted it.
I live in one of the blocks by the sea near East Coast Park and the air is fresh, maybe that is why I can live here for so long.
Marine Parade has everything I need, there is no need for me to go anywhere else.
Retiree. Marine Parade Resident.
QUICK LINKS
HDB GEYLANG BRANCH OFFICE
Marine Parade doesn’t have a dedicated HDB Branch Office.
Residents visit the Geylang Branch Office for services.
7 INTERESTING FACTS ABOUT MARINE PARADE HDB ESTATE
(a) Reclaimed Land:
Marine Parade is the first housing estate in Singapore built entirely on reclaimed land. This large-scale reclamation began in the 1960s, transforming the coastline and allowing for the development of modern residential buildings.
(b) Historical Background:
Before its transformation, Marine Parade was part of the Katong area, famous for its scenic beaches and Peranakan heritage. The coastal neighborhood was known for its beachfront homes and recreational spots, drawing visitors and residents alike.
(c) East Coast Park:
The land reclamation project also led to the creation of East Coast Park, one of Singapore’s most beloved outdoor recreational spaces. Located along Marine Parade’s southern edge, the park offers a variety of activities such as cycling, barbecuing, and water sports, making it a central attraction for residents.
(d) Culinary Scene:
The area is renowned for its diverse food offerings, including local favorites like Katong Laksa. Marine Parade Central Market and Food Centre is a hotspot for traditional local snacks and meals, attracting both locals and tourists.
(e) Educational Institutions:
Marine Parade is home to top-tier schools, including Tao Nan Primary School, Ngee Ann Primary School, and Victoria Junior College. These institutions make the estate a highly desirable location for families with school-going children.
(f) Excellent Amenities:
The estate is well-served by amenities, including shopping malls like Parkway Parade, which offers a wide range of retail and dining choices. The opening of new stores and the nearby Marine Parade MRT station has enhanced convenience and connectivity for residents.
(g) Joseph Schooling Connection:
Marine Parade is also known as the home of Joseph Schooling, Singapore’s first Olympic gold medalist in swimming, adding to the estate’s local pride.
Are you considering selling, buying or renting out your HDB flat in Marine Parade?
Or simply curious about the HDB housing scene in Marine Parade?
Check out the HDB median resale prices and rental statistics for Marine Parade below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN MARINE PARADE?
Quarterly Marine Parade HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR MARINE PARADE HDB RESALE FLATS
A flat type in a HDB estate needs to have at least 20 transactions per quarter in order for HDB to release its median resale price.
The graph above reflects the actual situation in Marine Parade. Most flat types have less than 20 transactions for most quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Marine Parade HDB flat types in 2024-Q3:
a) HDB 3-room flat: $563,000 @ 32 Marine Crescent
b) HDB 4-room flat: $662,000 @ 61 Marine Drive
c) HDB 5-room flat: $1,190,000 @ 33 Marine Crescent
Looking to sell your Marine Parade HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN MARINE PARADE?
Quarterly Marine Parade HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR MARINE PARADE HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Marine Parade’s rental market showed strong growth:
3-Room Flats:
- 2020-Q1: $1,825 → 2024-Q3: $2,900
- Increase: +58.9%
4-Room Flats:
- 2020-Q1: $2,075 → 2024-Q3: $3,300
- Increase: +59%
5-Room Flats:
- Insufficient recent data for comparison
- Last recorded in 2019-Q3: $2,500
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- Similar percentage increases for 3 and 4-room flats
- Rental gap between 3 and 4-room flats: $400
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $1,150 → 2024-Q3: $2,900
- Total Growth: +152.2%
4-Room Flats:
- 2007-Q3: $1,700 → 2024-Q3: $3,300
- Total Growth: +94.1%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for HDB 5-room flats in Marine Parade is almost non-existent. There were less than 20 transactions for most quarters.
HIGHEST RENT
Highest rent achieved for the different Marine Parade HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,500 @ 67 Marine Drive
b) HDB 4-room flat: $4,100 @ 75 Marine Drive
c) HDB 5-room flat: $5,000 @ multiple locations
Looking to rent out your Marine Parade HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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I'm truly grateful for my experience working with Jack Sheo. I found his website while searching for a Singapore property agent to help sell my property, and I couldn't have made a better choice. From our first meeting, Jack's knowledge and professionalism stood out. He has a wonderful way of making you feel at ease. Talking with him felt like discussing my property with a knowledgeable friend who genuinely cared about my needs. His insights were valuable, and I appreciated that he never pressured me. Throughout the entire selling process, Jack was an invaluable guide. He patiently walked me through each step, turning what could have been a stressful experience into a manageable journey. When he learned I was overwhelmed with work, he even arranged for my furniture disposal. A gesture that genuinely touched me. Reading other reviews, I see that my positive experience isn't unique. Jack consistently delivers excellent service to his clients. I'm so thankful for my smooth and positive property sale experience. Jack, you're truly exceptional at what you do. Thank you for making this process so much easier and more pleasant than I ever expected. If you're in need of a property agent in Singapore, I wholeheartedly recommend Jack Sheo. His dedication and expertise made all the difference in my experience, and I'm confident he'll do the same for you.
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Let me start by saying Jack isn't a typical Singapore property agent. I didn't feel any pressure from him, which isn't typical of property agents. He's been very proactive & professional in assisting me with the sale & rental of my property. Always helpful with suggestions & advice that are backed up by sound analysis of the situation and the real estate market. I have full confidence recommending him to anyone in need of a property agent in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
