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Block 138 Simei Street 1

4 Room · 5 Room · Built 1988 · 61 years remaining lease MOP Cleared
Latest Sale
$750,000
Apr 2026 · 5 ROOM · Floor 10-12
Median $/sqm
$4,788
Based on 24 transactions
Total Transactions
24
Since Jan 2017
5-Year Trend
▲ +31.1%
Median price change
Median Price ?
Top 65%
#514 / 787 Top 65%
Latest Sale ?
Top 33%
#263 / 787 Top 33%
Value ($/sqm) ?
Top 61%
#478 / 787 Top 61%
5-Year Growth ?
Top 72%
#395 / 547 Top 72%
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
+5.6%/yr
vs
Lease Decay
−0.48%/yr
Growth assumption
Based on this block’s +31.1% 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 4 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.
All Transactions
Date Floor Type Area Price $/sqm
Apr 2026 10 TO 12 5 ROOM 122 sqm $750,000 $6,148
Dec 2025 04 TO 06 4 ROOM 84 sqm $580,000 $6,905
Jul 2025 07 TO 09 4 ROOM 88 sqm $584,000 $6,636
Jul 2025 04 TO 06 4 ROOM 88 sqm $580,000 $6,591
Jan 2025 04 TO 06 5 ROOM 122 sqm $712,000 $5,836
Jul 2023 01 TO 03 5 ROOM 122 sqm $650,000 $5,328
Feb 2023 07 TO 09 4 ROOM 84 sqm $488,000 $5,810
Nov 2022 04 TO 06 4 ROOM 84 sqm $480,000 $5,714
Jun 2022 04 TO 06 5 ROOM 122 sqm $580,000 $4,754
May 2022 07 TO 09 4 ROOM 88 sqm $460,000 $5,227
Apr 2022 07 TO 09 5 ROOM 122 sqm $650,000 $5,328
Sep 2021 04 TO 06 4 ROOM 103 sqm $464,000 $4,505
Feb 2021 07 TO 09 5 ROOM 122 sqm $525,000 $4,303
Nov 2020 10 TO 12 4 ROOM 84 sqm $385,000 $4,583
Nov 2020 01 TO 03 5 ROOM 122 sqm $500,000 $4,098
Oct 2020 10 TO 12 5 ROOM 122 sqm $560,000 $4,590
Aug 2020 01 TO 03 5 ROOM 122 sqm $490,000 $4,016
Nov 2019 07 TO 09 4 ROOM 84 sqm $372,000 $4,429
Jan 2019 01 TO 03 5 ROOM 122 sqm $495,000 $4,057
Jan 2019 04 TO 06 5 ROOM 122 sqm $508,800 $4,170
Showing 20 of 24 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 138 Simei Street 1

Block 138 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 $372,000 to $750,000 based on 24 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 10 TO 12 sold for $750,000 in 2026-04. The current median price per square metre is $4,788. Over the past five years, resale prices at this block have increased by approximately 31.1%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8788, 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 138 Simei Street 1 worth?

The most recent resale transaction at Block 138 Simei Street 1 was $750,000 for a 5 room flat in 2026-04. The median price per square metre across all flat types is $4,788, based on 24 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 138 Simei Street 1?

Block 138 Simei Street 1 was built in 1988 and has approximately 61 years and 4 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 138 Simei Street 1?

Block 138 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $372,000 to $750,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 138 Simei Street 1 gone up or down?

Resale prices at Block 138 Simei Street 1 have increased by approximately 31.1% over the past five years. The current median price is $497,500, with the most recent sale at $750,000 in 2026-04.

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