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Block 231 Simei Street 4

4 Room · 5 Room · Built 1989 · 62 years remaining lease MOP Cleared
Latest Sale
$668,000
May 2025 · 4 ROOM · Floor 04-06
Median $/sqm
$4,631
Based on 15 transactions
Total Transactions
15
Since Jan 2017
5-Year Trend
▲ +39.2%
Median price change
Median Price ?
Top 42%
#332 / 787 Top 42%
Latest Sale ?
Top 49%
#382 / 787 Top 49%
Value ($/sqm) ?
Top 75%
#592 / 787 Top 75%
5-Year Growth ?
Top 35%
#192 / 547 Top 35%
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
+6.8%/yr
vs
Lease Decay
−0.45%/yr
Growth assumption
Based on this block’s +39.2% 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 11 months
Remaining lease
↓ 0.45%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 62 years remaining, decay is gradual (~0.45%/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
May 2025 04 TO 06 4 ROOM 108 sqm $668,000 $6,185
Jan 2025 04 TO 06 5 ROOM 127 sqm $800,000 $6,299
Jun 2024 07 TO 09 4 ROOM 104 sqm $640,888 $6,162
Apr 2023 07 TO 09 4 ROOM 104 sqm $565,000 $5,433
Dec 2022 07 TO 09 4 ROOM 104 sqm $558,000 $5,365
Jun 2022 01 TO 03 5 ROOM 122 sqm $615,000 $5,041
Jul 2021 07 TO 09 4 ROOM 104 sqm $480,000 $4,615
Nov 2020 01 TO 03 4 ROOM 104 sqm $395,888 $3,807
Nov 2020 04 TO 06 4 ROOM 104 sqm $438,000 $4,212
Jul 2020 07 TO 09 4 ROOM 104 sqm $430,118 $4,136
Apr 2020 07 TO 09 5 ROOM 122 sqm $565,000 $4,631
Dec 2018 04 TO 06 5 ROOM 122 sqm $538,000 $4,410
Apr 2018 04 TO 06 4 ROOM 104 sqm $495,000 $4,760
Apr 2018 01 TO 03 5 ROOM 127 sqm $510,000 $4,016
May 2017 04 TO 06 5 ROOM 127 sqm $575,000 $4,528
Showing 15 of 15 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 231 Simei Street 4

Block 231 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 $395,888 to $800,000 based on 15 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $668,000 in 2025-05. The current median price per square metre is $4,631. Over the past five years, resale prices at this block have increased by approximately 39.2%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8852, with an annual lease decay rate of approximately 0.45%. 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 231 Simei Street 4 worth?

The most recent resale transaction at Block 231 Simei Street 4 was $668,000 for a 4 room flat in 2025-05. The median price per square metre across all flat types is $4,631, based on 15 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 231 Simei Street 4?

Block 231 Simei Street 4 was built in 1989 and has approximately 62 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 0.45%, meaning the leasehold value decreases by approximately 0.45% per year at the current remaining lease.

What flat types are available at Block 231 Simei Street 4?

Block 231 Simei Street 4 in Tampines contains 4 room, 5 room flats. Resale prices range from $395,888 to $800,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 231 Simei Street 4 gone up or down?

Resale prices at Block 231 Simei Street 4 have increased by approximately 39.2% over the past five years. The current median price is $558,000, with the most recent sale at $668,000 in 2025-05.

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