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Block 221 Simei Street 4

4 Room · 5 Room · Built 1988 · 69 years remaining lease · Updated Mar 2018 MOP Cleared

Block 221 Simei Street 4 has 3 recorded HDB resale transactions since 2017. Latest sale: $458,000 (Mar 2018, 4 room, floors 01–03). Median $4,423/sqm. Built 1988, 69 years lease remaining.

Latest Sale
$458,000
Mar 2018 · 4 ROOM · Floor 01-03
Median $/sqm
$4,423
Based on 3 transactions
Total Transactions
3
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 73%
#579 / 789 Top 73%
Latest Sale ?
Top 94%
#741 / 789 Top 94%
Value ($/sqm) ?
Top 88%
#691 / 789 Top 88%
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
−0.36%/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 69 years remaining 99 years
69 years 1 months
Remaining lease
↓ 0.36%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 69 years remaining, decay is gradual (~0.36%/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 1sits 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
Mar 2018 01 TO 03 4 ROOM 104 sqm $458,000 $4,404
Nov 2017 04 TO 06 5 ROOM 122 sqm $565,000 $4,631
May 2017 04 TO 06 4 ROOM 104 sqm $460,000 $4,423
Showing 3 of 3 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 221 Simei Street 4

Block 221 at Simei Street 4 is a residential HDB block in Tampines, Singapore, built in 1988 with approximately 69 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $458,000 to $565,000 based on 3 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 01 TO 03 sold for $458,000 in 2018-03. The current median price per square metre is $4,423. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9071, with an annual lease decay rate of approximately 0.36%. 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 221 Simei Street 4 worth?

The most recent resale transaction at Block 221 Simei Street 4 was $458,000 for a 4 room flat in 2018-03. The median price per square metre across all flat types is $4,423, based on 3 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 221 Simei Street 4?

Block 221 Simei Street 4 was built in 1988 and has approximately 69 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 0.36%, meaning the leasehold value decreases by approximately 0.36% per year at the current remaining lease.

What flat types are available at Block 221 Simei Street 4?

Block 221 Simei Street 4 in Tampines contains 4 room, 5 room flats. Resale prices range from $458,000 to $565,000 based on historical transaction records from data.gov.sg.

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