Block 122 Simei Street 1

4 Room · 5 Room · Built 1988 · 61 years remaining lease MOP Cleared
Latest Sale
$650,000
Oct 2025 · 4 ROOM · #04-06
Median $/sqm
$5,214
Based on 23 transactions
Total Transactions
23
Since Jan 2017
5-Year Trend
▲ +10.9%
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 61 years remaining 99 years
61 years 5 months
Remaining lease
↓ 0.48%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 61 years remaining, decay is gradual (~0.48%/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
Oct 2025 04 TO 06 4 ROOM 103 sqm $650,000 $6,311
Feb 2025 07 TO 09 4 ROOM 84 sqm $570,000 $6,786
Nov 2024 01 TO 03 4 ROOM 84 sqm $520,000 $6,190
Jul 2024 01 TO 03 5 ROOM 122 sqm $653,888 $5,360
Feb 2024 10 TO 12 5 ROOM 122 sqm $690,000 $5,656
Dec 2023 04 TO 06 4 ROOM 84 sqm $520,000 $6,190
Jun 2023 04 TO 06 4 ROOM 84 sqm $530,000 $6,310
Jan 2023 10 TO 12 5 ROOM 121 sqm $635,000 $5,248
Oct 2022 10 TO 12 4 ROOM 84 sqm $525,000 $6,250
Aug 2022 07 TO 09 5 ROOM 123 sqm $608,000 $4,943
Jun 2022 07 TO 09 5 ROOM 121 sqm $558,000 $4,612
Dec 2021 04 TO 06 5 ROOM 122 sqm $580,000 $4,754
Nov 2021 01 TO 03 5 ROOM 123 sqm $550,000 $4,472
Jan 2021 01 TO 03 5 ROOM 122 sqm $500,000 $4,098
Nov 2020 07 TO 09 5 ROOM 122 sqm $555,000 $4,549
Mar 2020 04 TO 06 4 ROOM 84 sqm $368,000 $4,381
Nov 2019 10 TO 12 4 ROOM 84 sqm $439,000 $5,226
Jun 2019 10 TO 12 4 ROOM 84 sqm $410,000 $4,881
Oct 2018 07 TO 09 4 ROOM 84 sqm $438,000 $5,214
Aug 2018 07 TO 09 5 ROOM 123 sqm $560,000 $4,553
Showing 20 of 23 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 122 Simei Street 1

Block 122 at Simei Street 1 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 $368,000 to $690,000 based on 23 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $650,000 in 2025-10. The current median price per square metre is $5,214. Over the past five years, resale prices at this block have increased by approximately 10.9%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8791, with an annual lease decay rate of approximately 0.48%. 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 122 Simei Street 1 worth?

The most recent resale transaction at Block 122 Simei Street 1 was $650,000 for a 4 room flat in 2025-10. The median price per square metre across all flat types is $5,214, based on 23 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 122 Simei Street 1?

Block 122 Simei Street 1 was built in 1988 and has approximately 61 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.48%, meaning the leasehold value decreases by approximately 0.48% per year at the current remaining lease.

What flat types are available at Block 122 Simei Street 1?

Block 122 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $368,000 to $690,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 122 Simei Street 1 gone up or down?

Resale prices at Block 122 Simei Street 1 have increased by approximately 10.9% over the past five years. The current median price is $550,000, with the most recent sale at $650,000 in 2025-10.

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