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Block 223 Simei Street 4

4 Room · 5 Room · Built 1988 · 61 years remaining lease · Updated Aug 2025 MOP Cleared

Block 223 Simei Street 4 has 15 recorded HDB resale transactions since 2017. Latest sale: $775,000 (Aug 2025, 5 room, floors 07–09). Median $4,760/sqm. Prices up 39.5% over the past five years. Built 1988, 61 years lease remaining.

Latest Sale
$775,000
Aug 2025 · 5 ROOM · Floor 07-09
Median $/sqm
$4,760
Based on 15 transactions
Total Transactions
15
Since Jan 2017
5-Year Trend
▲ +39.5%
Median price change
Median Price ?
Top 42%
#330 / 789 Top 42%
Latest Sale ?
Top 29%
#228 / 789 Top 29%
Value ($/sqm) ?
Top 66%
#521 / 789 Top 66%
5-Year Growth ?
Top 33%
#188 / 566 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.
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
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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