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Block 245 Simei Street 5

4 Room · 5 Room · Built 1997 · 70 years remaining lease MOP Cleared
Latest Sale
$775,000
Dec 2025 · 4 ROOM · Floor 04-06
Median $/sqm
$5,780
Based on 16 transactions
Total Transactions
16
Since Jan 2017
5-Year Trend
▲ +52%
Median price change
Median Price ?
Top 17%
#130 / 787 Top 17%
Latest Sale ?
Top 29%
#226 / 787 Top 29%
Value ($/sqm) ?
Top 16%
#126 / 787 Top 16%
5-Year Growth ?
Top 3%
#14 / 547 Top 3%
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
+8.7%/yr
vs
Lease Decay
−0.35%/yr
Growth assumption
Based on this block’s +52% 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 70 years remaining 99 years
70 years 1 months
Remaining lease
↓ 0.35%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 70 years remaining, decay is gradual (~0.35%/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
Dec 2025 04 TO 06 4 ROOM 105 sqm $775,000 $7,381
Nov 2025 04 TO 06 4 ROOM 105 sqm $740,000 $7,048
May 2025 07 TO 09 4 ROOM 105 sqm $760,000 $7,238
Jul 2024 04 TO 06 4 ROOM 105 sqm $750,000 $7,143
Apr 2024 07 TO 09 5 ROOM 122 sqm $808,000 $6,623
Apr 2024 10 TO 12 5 ROOM 124 sqm $855,000 $6,895
Sep 2022 10 TO 12 5 ROOM 124 sqm $790,888 $6,378
Sep 2021 01 TO 03 5 ROOM 119 sqm $633,000 $5,319
May 2021 04 TO 06 4 ROOM 104 sqm $500,000 $4,808
Nov 2020 10 TO 12 5 ROOM 119 sqm $667,000 $5,605
Oct 2020 01 TO 03 4 ROOM 105 sqm $470,000 $4,476
Feb 2020 01 TO 03 5 ROOM 121 sqm $595,000 $4,917
Dec 2019 07 TO 09 5 ROOM 122 sqm $705,000 $5,779
Aug 2019 04 TO 06 4 ROOM 104 sqm $515,000 $4,952
May 2018 04 TO 06 5 ROOM 124 sqm $650,000 $5,242
May 2018 04 TO 06 5 ROOM 119 sqm $688,000 $5,782
Showing 16 of 16 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 245 Simei Street 5

Block 245 at Simei Street 5 is a residential HDB block in Tampines, Singapore, built in 1997 with approximately 70 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $470,000 to $855,000 based on 16 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $775,000 in 2025-12. The current median price per square metre is $5,780. Over the past five years, resale prices at this block have increased by approximately 52%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9103, with an annual lease decay rate of approximately 0.35%. 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 245 Simei Street 5 worth?

The most recent resale transaction at Block 245 Simei Street 5 was $775,000 for a 4 room flat in 2025-12. The median price per square metre across all flat types is $5,780, based on 16 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 245 Simei Street 5?

Block 245 Simei Street 5 was built in 1997 and has approximately 70 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 0.35%, meaning the leasehold value decreases by approximately 0.35% per year at the current remaining lease.

What flat types are available at Block 245 Simei Street 5?

Block 245 Simei Street 5 in Tampines contains 4 room, 5 room flats. Resale prices range from $470,000 to $855,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 245 Simei Street 5 gone up or down?

Resale prices at Block 245 Simei Street 5 have increased by approximately 52% over the past five years. The current median price is $696,500, with the most recent sale at $775,000 in 2025-12.

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