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Block 120 Simei Street 1

4 Room · 5 Room · Built 1988 · 61 years remaining lease · Updated Apr 2026 MOP Cleared

Block 120 Simei Street 1 has 19 recorded HDB resale transactions since 2017. Latest sale: $760,000 (Apr 2026, 5 room, floors 07–09). Median $4,885/sqm. Prices up 31% over the past five years. Built 1988, 61 years lease remaining.

Latest Sale
$760,000
Apr 2026 · 5 ROOM · Floor 07-09
Median $/sqm
$4,885
Based on 19 transactions
Total Transactions
19
Since Jan 2017
5-Year Trend
▲ +31%
Median price change
Median Price ?
Top 47%
#369 / 789 Top 47%
Latest Sale ?
Top 32%
#250 / 789 Top 32%
Value ($/sqm) ?
Top 55%
#431 / 789 Top 55%
5-Year Growth ?
Top 74%
#421 / 566 Top 74%
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
+5.5%/yr
vs
Lease Decay
−0.48%/yr
Growth assumption
Based on this block’s +31% 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 3 months
Remaining lease
↓ 0.48%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 61 years remaining, decay is gradual (~0.48%/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). This block has too few rentals on record, so figures shown are the Tampines average.

Flat type Median rent /mo Gross yield Based on
4-Room $3,400 typically $3,150–$3,600 6.2% Tampines avg · block too thin
5-Room $3,650 typically $3,400–$3,900 5.3% Tampines avg · block too thin
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

No popular school is within 1 km, but 2sit in the 1–2 km second-priority band.

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.
All Transactions
Date Floor Type Area Price $/sqm
Apr 2026 07 TO 09 5 ROOM 128 sqm $760,000 $5,938
Jun 2023 07 TO 09 4 ROOM 104 sqm $638,000 $6,135
Apr 2023 07 TO 09 4 ROOM 104 sqm $608,888 $5,855
Mar 2023 01 TO 03 4 ROOM 104 sqm $560,000 $5,385
Dec 2022 07 TO 09 5 ROOM 122 sqm $650,000 $5,328
Sep 2022 01 TO 03 5 ROOM 122 sqm $663,000 $5,434
Jun 2022 10 TO 12 5 ROOM 121 sqm $655,000 $5,413
Dec 2021 01 TO 03 4 ROOM 104 sqm $500,000 $4,808
Aug 2021 04 TO 06 5 ROOM 128 sqm $630,000 $4,922
May 2021 01 TO 03 4 ROOM 104 sqm $460,000 $4,423
Feb 2021 07 TO 09 5 ROOM 128 sqm $550,000 $4,297
Feb 2021 07 TO 09 5 ROOM 128 sqm $580,088 $4,532
Nov 2020 01 TO 03 5 ROOM 122 sqm $515,000 $4,221
Aug 2020 10 TO 12 4 ROOM 104 sqm $472,000 $4,538
Jul 2018 10 TO 12 4 ROOM 104 sqm $508,000 $4,885
Nov 2017 07 TO 09 4 ROOM 104 sqm $540,000 $5,192
Jul 2017 04 TO 06 4 ROOM 104 sqm $460,000 $4,423
Jun 2017 07 TO 09 4 ROOM 104 sqm $487,000 $4,683
Mar 2017 01 TO 03 4 ROOM 104 sqm $422,000 $4,058
Showing 19 of 19 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 120 Simei Street 1

Block 120 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 $422,000 to $760,000 based on 19 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $760,000 in 2026-04. The current median price per square metre is $4,885. Over the past five years, resale prices at this block have increased by approximately 31%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8784, with an annual lease decay rate of approximately 0.48%. 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 120 Simei Street 1 worth?

The most recent resale transaction at Block 120 Simei Street 1 was $760,000 for a 5 room flat in 2026-04. The median price per square metre across all flat types is $4,885, based on 19 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 120 Simei Street 1?

Block 120 Simei Street 1 was built in 1988 and has approximately 61 years and 3 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.48%, meaning the leasehold value decreases by approximately 0.48% per year at the current remaining lease.

What flat types are available at Block 120 Simei Street 1?

Block 120 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $422,000 to $760,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 120 Simei Street 1 gone up or down?

Resale prices at Block 120 Simei Street 1 have increased by approximately 31% over the past five years. The current median price is $550,000, with the most recent sale at $760,000 in 2026-04.

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