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Block 62 Marine Drive

4 Room · Built 1976 · 48 years remaining lease · Updated Jun 2026 MOP Cleared

Block 62 Marine Drive has 27 recorded HDB resale transactions since 2017. Latest sale: $680,000 (Jun 2026, 4 room, floors 07–09). Median $6,322/sqm. Prices up 29.6% over the past five years. Built 1976, 48 years lease remaining.

How this block compares

  • 4 Room$673,333
    +0.8%vs town(+$5k)+6.9%vs national(+$43k)

Median of resales in the 12 months to Jul 2026, compared with town and Singapore medians on the same basis. Flat types with fewer than two sales in the window are omitted.

Latest Sale
$680,000
Jun 2026 · 4 ROOM · Floor 07-09
Median $/sqm
$6,322
Based on 27 transactions
Total Transactions
27
Since Jan 2017
5-Year Trend
▲ +29.6%
Median price change
Median Price ?
Top 41%
#22 / 54 Top 41%
Latest Sale ?
Top 41%
#22 / 54 Top 41%
Value ($/sqm) ?
Top 50%
#27 / 54 Top 50%
5-Year Growth ?
Top 38%
#18 / 48 Top 38%
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
--
How we estimate this →
Future Value Projection
Market Appreciation
+5.3%/yr
vs
Lease Decay
−0.81%/yr
Growth assumption
Based on this block’s +29.6% growth over 5 years
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 48 years remaining 99 years
48 years 7 months
Remaining lease
↓ 0.81%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 48 years remaining, decay is gradual (~0.81%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). Figures are from rentals at this block where available.

Flat type Median rent /mo Gross yield Based on
4-Room $3,500 typically $3,300–$3,850 6.2% 8 rentals here
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 2 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
2 schools in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 62 Marine Drive in Marine Parade, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Marine Parade
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Jun 2026 07 TO 09 4 ROOM 87 sqm $680,000 $7,816
Sep 2025 10 TO 12 4 ROOM 87 sqm $666,666 $7,663
Feb 2025 07 TO 09 4 ROOM 87 sqm $668,000 $7,678
Feb 2025 04 TO 06 4 ROOM 87 sqm $680,000 $7,816
Jul 2024 07 TO 09 4 ROOM 87 sqm $608,000 $6,989
Aug 2023 01 TO 03 4 ROOM 87 sqm $572,000 $6,575
Jan 2023 01 TO 03 4 ROOM 87 sqm $550,000 $6,322
Dec 2022 10 TO 12 4 ROOM 87 sqm $580,000 $6,667
Apr 2022 04 TO 06 4 ROOM 87 sqm $565,000 $6,494
Mar 2022 13 TO 15 4 ROOM 87 sqm $595,000 $6,839
Jan 2022 01 TO 03 4 ROOM 87 sqm $495,000 $5,690
Jan 2022 07 TO 09 4 ROOM 87 sqm $560,000 $6,437
Apr 2021 07 TO 09 4 ROOM 87 sqm $520,000 $5,977
Oct 2020 01 TO 03 4 ROOM 87 sqm $480,000 $5,517
Jul 2020 04 TO 06 4 ROOM 87 sqm $520,000 $5,977
Feb 2020 10 TO 12 4 ROOM 87 sqm $520,000 $5,977
Oct 2019 10 TO 12 4 ROOM 87 sqm $538,000 $6,184
Jun 2019 04 TO 06 4 ROOM 87 sqm $520,000 $5,977
Mar 2019 01 TO 03 4 ROOM 87 sqm $488,000 $5,609
Oct 2018 07 TO 09 4 ROOM 87 sqm $540,000 $6,207
Showing 20 of 27 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 62 Marine Drive

Block 62 Marine Drive in Marine Parade dates to 1976 and now has roughly 48 years of lease remaining, which makes lease decay the central consideration for buyers. Its $550,000 median tracks close to the Marine Parade town median. It has a regular flow of resale activity, with 27 transactions since 2017 across 4 room flats priced from $480,000 to $680,000. The most recent transaction was a 4 room flat on storeys 07 TO 09 at $680,000 in Jun 2026, and the median works out to $6,322/sqm. Higher floors carry a premium, with the 13 TO 15 band trading roughly 16% above the 01 TO 03 band. Over five years, prices here are up about 29.6%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 62 Marine Drive worth?

The most recent resale transaction at Block 62 Marine Drive was $680,000 for a 4 room flat in 2026-06. The median price per square metre across all flat types is $6,322, based on 27 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 62 Marine Drive?

Block 62 Marine Drive was built in 1976 and has approximately 48 years and 7 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.81%, meaning the leasehold value decreases by approximately 0.81% per year at the current remaining lease.

What flat types are available at Block 62 Marine Drive?

Block 62 Marine Drive in Marine Parade contains 4 room flats. Resale prices range from $480,000 to $680,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 62 Marine Drive gone up or down?

Resale prices at Block 62 Marine Drive have increased by approximately 29.6% over the past five years. The current median price is $550,000, with the most recent sale at $680,000 in 2026-06.

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