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Block 131 Simei Street 1

4 Room · 5 Room · Built 1988 · 62 years remaining lease MOP Cleared
Latest Sale
$722,000
Sep 2025 · 5 ROOM · Floor 01-03
Median $/sqm
$5,141
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +33.4%
Median price change
Median Price ?
Top 47%
#371 / 787 Top 47%
Latest Sale ?
Top 40%
#313 / 787 Top 40%
Value ($/sqm) ?
Top 34%
#271 / 787 Top 34%
5-Year Growth ?
Top 61%
#336 / 547 Top 61%
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
+5.9%/yr
vs
Lease Decay
−0.47%/yr
Growth assumption
Based on this block’s +33.4% 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 62 years remaining 99 years
62 years
Remaining lease
↓ 0.47%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 62 years remaining, decay is gradual (~0.47%/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
Sep 2025 01 TO 03 5 ROOM 128 sqm $722,000 $5,641
Sep 2025 07 TO 09 5 ROOM 121 sqm $788,000 $6,512
Oct 2024 04 TO 06 5 ROOM 122 sqm $725,000 $5,943
May 2024 07 TO 09 4 ROOM 104 sqm $630,000 $6,058
Feb 2024 04 TO 06 5 ROOM 122 sqm $667,000 $5,467
May 2023 04 TO 06 4 ROOM 104 sqm $552,888 $5,316
Sep 2022 04 TO 06 5 ROOM 122 sqm $635,000 $5,205
Aug 2022 10 TO 12 4 ROOM 104 sqm $546,000 $5,250
Oct 2021 01 TO 03 4 ROOM 104 sqm $528,000 $5,077
Feb 2021 10 TO 12 4 ROOM 104 sqm $451,888 $4,345
Feb 2021 07 TO 09 5 ROOM 122 sqm $565,888 $4,638
Nov 2020 04 TO 06 4 ROOM 104 sqm $460,000 $4,423
Sep 2020 07 TO 09 4 ROOM 104 sqm $450,000 $4,327
Jun 2020 10 TO 12 4 ROOM 104 sqm $460,000 $4,423
Apr 2018 04 TO 06 4 ROOM 104 sqm $499,000 $4,798
May 2017 04 TO 06 4 ROOM 104 sqm $505,000 $4,856
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 131 Simei Street 1

Block 131 at Simei Street 1 is a residential HDB block in Tampines, Singapore, built in 1988 with approximately 62 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $450,000 to $788,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 01 TO 03 sold for $722,000 in 2025-09. The current median price per square metre is $5,141. Over the past five years, resale prices at this block have increased by approximately 33.4%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8815, with an annual lease decay rate of approximately 0.47%. 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 131 Simei Street 1 worth?

The most recent resale transaction at Block 131 Simei Street 1 was $722,000 for a 5 room flat in 2025-09. The median price per square metre across all flat types is $5,141, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 131 Simei Street 1?

Block 131 Simei Street 1 was built in 1988 and has approximately 62 years remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.47%, meaning the leasehold value decreases by approximately 0.47% per year at the current remaining lease.

What flat types are available at Block 131 Simei Street 1?

Block 131 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $450,000 to $788,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 131 Simei Street 1 gone up or down?

Resale prices at Block 131 Simei Street 1 have increased by approximately 33.4% over the past five years. The current median price is $549,444, with the most recent sale at $722,000 in 2025-09.

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