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Block 221 Simei Street 4

4 Room · 5 Room · Built 1988 · 69 years remaining lease MOP Cleared
Latest Sale
$458,000
Mar 2018 · 4 ROOM · Floor 01-03
Median $/sqm
$4,423
Based on 3 transactions
Total Transactions
3
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 73%
#573 / 787 Top 73%
Latest Sale ?
Top 94%
#739 / 787 Top 94%
Value ($/sqm) ?
Top 87%
#685 / 787 Top 87%
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.
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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