Block 116 Simei Street 1

4 Room · 5 Room · Built 1988 · 62 years remaining lease MOP Cleared
Latest Sale
$800,000
Dec 2025 · 5 ROOM · #04-06
Median $/sqm
$5,053
Based on 30 transactions
Total Transactions
30
Since Jan 2017
5-Year Trend
▲ +48.7%
Median price change
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
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Future Value Projection
Estimated value in --
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Based on Bala's Table (SLA leasehold valuation model) with 3% annual market appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Not financial advice.
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Lease Decay Projection
0 years 62 years remaining 99 years
62 years
Remaining lease
↓ 0.47%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 62 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
Dec 2025 04 TO 06 5 ROOM 121 sqm $800,000 $6,612
Nov 2025 04 TO 06 5 ROOM 122 sqm $748,000 $6,131
Feb 2025 01 TO 03 5 ROOM 128 sqm $730,000 $5,703
Oct 2024 07 TO 09 4 ROOM 104 sqm $688,000 $6,615
Sep 2024 04 TO 06 4 ROOM 104 sqm $650,000 $6,250
Sep 2024 04 TO 06 4 ROOM 104 sqm $658,000 $6,327
Jul 2024 01 TO 03 5 ROOM 122 sqm $700,000 $5,738
Sep 2023 01 TO 03 5 ROOM 122 sqm $623,000 $5,107
Oct 2022 01 TO 03 4 ROOM 104 sqm $555,000 $5,337
Aug 2022 04 TO 06 5 ROOM 128 sqm $663,888 $5,187
Jun 2022 04 TO 06 4 ROOM 104 sqm $548,000 $5,269
Jun 2022 10 TO 12 4 ROOM 104 sqm $565,000 $5,433
Apr 2022 07 TO 09 5 ROOM 122 sqm $645,000 $5,287
Feb 2022 07 TO 09 4 ROOM 104 sqm $540,000 $5,192
Jan 2022 04 TO 06 4 ROOM 104 sqm $555,000 $5,337
Dec 2021 01 TO 03 5 ROOM 122 sqm $600,000 $4,918
Nov 2021 07 TO 09 4 ROOM 104 sqm $490,000 $4,712
Oct 2021 04 TO 06 4 ROOM 104 sqm $503,000 $4,837
Aug 2021 10 TO 12 5 ROOM 122 sqm $610,000 $5,000
Feb 2021 07 TO 09 4 ROOM 104 sqm $480,000 $4,615
Showing 20 of 30 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 116 Simei Street 1

Block 116 at Simei Street 1 is a residential HDB block in Tampines, Singapore, built in 1988 with approximately 62 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $443,000 to $800,000 based on 30 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 04 TO 06 sold for $800,000 in 2025-12. The current median price per square metre is $5,053. Over the past five years, resale prices at this block have increased by approximately 48.7%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8815, 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 116 Simei Street 1 worth?

The most recent resale transaction at Block 116 Simei Street 1 was $800,000 for a 5 room flat in 2025-12. The median price per square metre across all flat types is $5,053, based on 30 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 116 Simei Street 1?

Block 116 Simei Street 1 was built in 1988 and has approximately 62 years 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 116 Simei Street 1?

Block 116 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $443,000 to $800,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 116 Simei Street 1 gone up or down?

Resale prices at Block 116 Simei Street 1 have increased by approximately 48.7% over the past five years. The current median price is $560,000, with the most recent sale at $800,000 in 2025-12.

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