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A 5-room HDB flat at Block 28 Marine Crescent was sold for $1.01 million, marking the first-ever million-dollar HDB resale transaction in Marine Parade. This unit, located on the 22nd to 24th floor, offers a panoramic view of East Coast Park and is close to amenities like East Coast Park and Parkway Parade. Despite having only 51 years and nine months left on its 99-year lease, the unit's attractive location and views were key factors in achieving this record price.
More recently, a 5-room HDB flat at Marine Drive Gardens (though not directly in Marine Crescent but within the same district) was sold for a record $1.38 million. This transaction, while not in Marine Crescent specifically, indicates the rising property values in the Marine Parade area. However, for Marine Crescent itself, the $1.01 million sale at Block 28 remains the most notable.
Sales in Marine Crescent often reflect the area's attractiveness due to its proximity to East Coast Park, good transport connectivity, and amenities like Parkway Parade. These factors contribute to the higher prices seen in this estate, even for older flats with shorter remaining leases.