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Block 224 Simei Street 4

4 Room · 5 Room · Built 1989 · 62 years remaining lease MOP Cleared
Latest Sale
$668,000
Sep 2025 · 4 ROOM · Floor 04-06
Median $/sqm
$5,000
Based on 17 transactions
Total Transactions
17
Since Jan 2017
5-Year Trend
▲ +40.8%
Median price change
Median Price ?
Top 31%
#244 / 787 Top 31%
Latest Sale ?
Top 48%
#381 / 787 Top 48%
Value ($/sqm) ?
Top 44%
#346 / 787 Top 44%
5-Year Growth ?
Top 27%
#147 / 547 Top 27%
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
+7.1%/yr
vs
Lease Decay
−0.46%/yr
Growth assumption
Based on this block’s +40.8% 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 62 years remaining 99 years
62 years 10 months
Remaining lease
↓ 0.46%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 62 years remaining, decay is gradual (~0.46%/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
Sep 2025 04 TO 06 4 ROOM 108 sqm $668,000 $6,185
Jul 2025 10 TO 12 5 ROOM 122 sqm $768,000 $6,295
May 2024 07 TO 09 5 ROOM 122 sqm $728,000 $5,967
Mar 2024 07 TO 09 5 ROOM 122 sqm $690,000 $5,656
Jan 2024 07 TO 09 5 ROOM 122 sqm $678,888 $5,565
Dec 2023 01 TO 03 5 ROOM 122 sqm $652,000 $5,344
Oct 2023 10 TO 12 4 ROOM 106 sqm $590,000 $5,566
Mar 2023 07 TO 09 4 ROOM 108 sqm $590,000 $5,463
Feb 2022 04 TO 06 5 ROOM 126 sqm $600,000 $4,762
Jul 2021 07 TO 09 4 ROOM 106 sqm $472,000 $4,453
May 2021 04 TO 06 5 ROOM 122 sqm $548,000 $4,492
Jul 2020 01 TO 03 4 ROOM 104 sqm $430,000 $4,135
Mar 2020 04 TO 06 5 ROOM 124 sqm $568,000 $4,581
Nov 2018 01 TO 03 5 ROOM 122 sqm $465,000 $3,811
Sep 2018 10 TO 12 5 ROOM 122 sqm $565,000 $4,631
Apr 2018 10 TO 12 4 ROOM 104 sqm $520,000 $5,000
Nov 2017 04 TO 06 5 ROOM 122 sqm $548,888 $4,499
Showing 17 of 17 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 224 Simei Street 4

Block 224 at Simei Street 4 is a residential HDB block in Tampines, Singapore, built in 1989 with approximately 62 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $430,000 to $768,000 based on 17 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $668,000 in 2025-09. The current median price per square metre is $5,000. Over the past five years, resale prices at this block have increased by approximately 40.8%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8849, with an annual lease decay rate of approximately 0.46%. 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 224 Simei Street 4 worth?

The most recent resale transaction at Block 224 Simei Street 4 was $668,000 for a 4 room flat in 2025-09. The median price per square metre across all flat types is $5,000, based on 17 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 224 Simei Street 4?

Block 224 Simei Street 4 was built in 1989 and has approximately 62 years and 10 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.46%, meaning the leasehold value decreases by approximately 0.46% per year at the current remaining lease.

What flat types are available at Block 224 Simei Street 4?

Block 224 Simei Street 4 in Tampines contains 4 room, 5 room flats. Resale prices range from $430,000 to $768,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 224 Simei Street 4 gone up or down?

Resale prices at Block 224 Simei Street 4 have increased by approximately 40.8% over the past five years. The current median price is $590,000, with the most recent sale at $668,000 in 2025-09.

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