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Block 114 Simei Street 1

4 Room · 5 Room · Built 1988 · 61 years remaining lease MOP Cleared
Latest Sale
$755,000
Jan 2026 · 5 ROOM · Floor 10-12
Median $/sqm
$5,008
Based on 24 transactions
Total Transactions
24
Since Jan 2017
5-Year Trend
▲ +27%
Median price change
Median Price ?
Top 39%
#305 / 787 Top 39%
Latest Sale ?
Top 32%
#252 / 787 Top 32%
Value ($/sqm) ?
Top 44%
#343 / 787 Top 44%
5-Year Growth ?
Top 85%
#463 / 547 Top 85%
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
--
Future Value Projection
Market Appreciation
+4.9%/yr
vs
Lease Decay
−0.49%/yr
Growth assumption
Based on this block’s +27% 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 61 years remaining 99 years
61 years 1 months
Remaining lease
↓ 0.49%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 61 years remaining, decay is gradual (~0.49%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
All Transactions
Date Floor Type Area Price $/sqm
Jan 2026 10 TO 12 5 ROOM 121 sqm $755,000 $6,240
Sep 2025 07 TO 09 5 ROOM 122 sqm $735,000 $6,025
Aug 2025 01 TO 03 5 ROOM 122 sqm $690,000 $5,656
Jul 2024 04 TO 06 5 ROOM 123 sqm $715,000 $5,813
Feb 2024 04 TO 06 5 ROOM 121 sqm $690,000 $5,702
Nov 2023 01 TO 03 5 ROOM 122 sqm $620,000 $5,082
Oct 2023 01 TO 03 5 ROOM 122 sqm $655,000 $5,369
Jan 2023 07 TO 09 5 ROOM 121 sqm $643,000 $5,314
Jun 2022 04 TO 06 5 ROOM 123 sqm $626,000 $5,089
Jun 2022 07 TO 09 5 ROOM 122 sqm $630,000 $5,164
May 2022 07 TO 09 4 ROOM 84 sqm $415,888 $4,951
Feb 2022 07 TO 09 4 ROOM 84 sqm $428,000 $5,095
Nov 2021 07 TO 09 5 ROOM 122 sqm $578,888 $4,745
Aug 2021 04 TO 06 5 ROOM 122 sqm $618,000 $5,066
Jun 2021 10 TO 12 5 ROOM 121 sqm $555,000 $4,587
Apr 2021 10 TO 12 4 ROOM 84 sqm $407,000 $4,845
Dec 2020 04 TO 06 4 ROOM 84 sqm $403,000 $4,798
Dec 2020 01 TO 03 5 ROOM 121 sqm $483,888 $3,999
Oct 2020 04 TO 06 5 ROOM 121 sqm $472,000 $3,901
Aug 2020 07 TO 09 5 ROOM 122 sqm $472,000 $3,869
Showing 20 of 24 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 114 Simei Street 1

Block 114 at Simei Street 1 is a residential HDB block in Tampines, Singapore, built in 1988 with approximately 61 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $390,000 to $755,000 based on 24 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 10 TO 12 sold for $755,000 in 2026-01. The current median price per square metre is $5,008. Over the past five years, resale prices at this block have increased by approximately 27%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8777, with an annual lease decay rate of approximately 0.49%. All transaction data is sourced from Singapore's data.gov.sg open data platform and is updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 114 Simei Street 1 worth?

The most recent resale transaction at Block 114 Simei Street 1 was $755,000 for a 5 room flat in 2026-01. The median price per square metre across all flat types is $5,008, based on 24 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 114 Simei Street 1?

Block 114 Simei Street 1 was built in 1988 and has approximately 61 years and 1 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.49%, meaning the leasehold value decreases by approximately 0.49% per year at the current remaining lease.

What flat types are available at Block 114 Simei Street 1?

Block 114 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $390,000 to $755,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 114 Simei Street 1 gone up or down?

Resale prices at Block 114 Simei Street 1 have increased by approximately 27% over the past five years. The current median price is $566,944, with the most recent sale at $755,000 in 2026-01.

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