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Block 223 Simei Street 4

4 Room · 5 Room · Built 1988 · 61 years remaining lease MOP Cleared
Latest Sale
$775,000
Aug 2025 · 5 ROOM · Floor 07-09
Median $/sqm
$4,760
Based on 15 transactions
Total Transactions
15
Since Jan 2017
5-Year Trend
▲ +39.5%
Median price change
Median Price ?
Top 41%
#321 / 787 Top 41%
Latest Sale ?
Top 29%
#225 / 787 Top 29%
Value ($/sqm) ?
Top 64%
#505 / 787 Top 64%
5-Year Growth ?
Top 33%
#182 / 547 Top 33%
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
+6.9%/yr
vs
Lease Decay
−0.47%/yr
Growth assumption
Based on this block’s +39.5% 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 11 months
Remaining lease
↓ 0.47%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 61 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
Aug 2025 07 TO 09 5 ROOM 122 sqm $775,000 $6,352
Aug 2024 04 TO 06 4 ROOM 104 sqm $628,000 $6,038
Jan 2024 04 TO 06 5 ROOM 122 sqm $700,000 $5,738
Nov 2023 07 TO 09 4 ROOM 104 sqm $630,000 $6,058
Nov 2023 07 TO 09 5 ROOM 122 sqm $709,000 $5,811
Oct 2023 07 TO 09 5 ROOM 122 sqm $715,000 $5,861
Sep 2022 04 TO 06 4 ROOM 104 sqm $550,888 $5,297
Jan 2022 07 TO 09 4 ROOM 104 sqm $495,000 $4,760
Dec 2021 04 TO 06 4 ROOM 104 sqm $462,000 $4,442
Sep 2021 01 TO 03 5 ROOM 122 sqm $560,000 $4,590
Aug 2021 04 TO 06 5 ROOM 122 sqm $551,000 $4,516
Feb 2021 07 TO 09 4 ROOM 104 sqm $465,000 $4,471
Jun 2019 01 TO 03 4 ROOM 104 sqm $430,000 $4,135
Aug 2018 01 TO 03 5 ROOM 122 sqm $522,000 $4,279
Sep 2017 04 TO 06 5 ROOM 128 sqm $566,000 $4,422
Showing 15 of 15 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 223 Simei Street 4

Block 223 at Simei Street 4 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 $430,000 to $775,000 based on 15 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $775,000 in 2025-08. The current median price per square metre is $4,760. Over the past five years, resale prices at this block have increased by approximately 39.5%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8812, 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 223 Simei Street 4 worth?

The most recent resale transaction at Block 223 Simei Street 4 was $775,000 for a 5 room flat in 2025-08. The median price per square metre across all flat types is $4,760, based on 15 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 223 Simei Street 4?

Block 223 Simei Street 4 was built in 1988 and has approximately 61 years and 11 months 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 223 Simei Street 4?

Block 223 Simei Street 4 in Tampines contains 4 room, 5 room flats. Resale prices range from $430,000 to $775,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 223 Simei Street 4 gone up or down?

Resale prices at Block 223 Simei Street 4 have increased by approximately 39.5% over the past five years. The current median price is $560,000, with the most recent sale at $775,000 in 2025-08.

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