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Block 144 Simei Street 2

Executive · Built 1987 · 64 years remaining lease MOP Cleared
Latest Sale
$846,888
Jun 2022 · EXECUTIVE · Floor 01-03
Median $/sqm
$5,349
Based on 2 transactions
Total Transactions
2
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 8%
#62 / 787 Top 8%
Latest Sale ?
Top 18%
#142 / 787 Top 18%
Value ($/sqm) ?
Top 26%
#206 / 787 Top 26%
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
+3%/yr
vs
Lease Decay
−0.43%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
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 64 years remaining 99 years
64 years 7 months
Remaining lease
↓ 0.43%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 64 years remaining, decay is gradual (~0.43%/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
Jun 2022 01 TO 03 EXECUTIVE 146 sqm $846,888 $5,801
May 2017 01 TO 03 EXECUTIVE 146 sqm $715,000 $4,897
Showing 2 of 2 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 144 Simei Street 2

Block 144 at Simei Street 2 is a residential HDB block in Tampines, Singapore, built in 1987 with approximately 64 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $715,000 to $846,888 based on 2 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 01 TO 03 sold for $846,888 in 2022-06. The current median price per square metre is $5,349. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8916, with an annual lease decay rate of approximately 0.43%. 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 144 Simei Street 2 worth?

The most recent resale transaction at Block 144 Simei Street 2 was $846,888 for a executive flat in 2022-06. The median price per square metre across all flat types is $5,349, based on 2 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 144 Simei Street 2?

Block 144 Simei Street 2 was built in 1987 and has approximately 64 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 0.43%, meaning the leasehold value decreases by approximately 0.43% per year at the current remaining lease.

What flat types are available at Block 144 Simei Street 2?

Block 144 Simei Street 2 in Tampines contains executive flats. Resale prices range from $715,000 to $846,888 based on historical transaction records from data.gov.sg.

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