Block 148 Simei Street 1

4 Room · 5 Room · Built 1988 · 61 years remaining lease MOP Cleared
Latest Sale
$588,000
Oct 2025 · 4 ROOM · #07-09
Median $/sqm
$4,988
Based on 24 transactions
Total Transactions
24
Since Jan 2017
5-Year Trend
▲ +29.2%
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 7 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 07 TO 09 4 ROOM 88 sqm $588,000 $6,682
Jun 2025 10 TO 12 4 ROOM 103 sqm $662,500 $6,432
Apr 2025 01 TO 03 4 ROOM 84 sqm $572,000 $6,810
Feb 2025 01 TO 03 4 ROOM 84 sqm $560,000 $6,667
Jan 2025 01 TO 03 5 ROOM 121 sqm $700,000 $5,785
Nov 2024 10 TO 12 4 ROOM 84 sqm $571,888 $6,808
Aug 2024 04 TO 06 5 ROOM 122 sqm $682,000 $5,590
Dec 2022 04 TO 06 4 ROOM 84 sqm $460,000 $5,476
Jul 2022 07 TO 09 4 ROOM 84 sqm $505,000 $6,012
Feb 2022 10 TO 12 4 ROOM 84 sqm $428,000 $5,095
Feb 2022 07 TO 09 4 ROOM 84 sqm $440,000 $5,238
Mar 2021 10 TO 12 4 ROOM 103 sqm $455,000 $4,417
Oct 2020 01 TO 03 4 ROOM 84 sqm $365,000 $4,345
Sep 2020 10 TO 12 4 ROOM 84 sqm $410,000 $4,881
Jun 2020 10 TO 12 5 ROOM 122 sqm $568,000 $4,656
Aug 2019 01 TO 03 5 ROOM 121 sqm $530,000 $4,380
Feb 2019 10 TO 12 5 ROOM 121 sqm $520,000 $4,298
Oct 2018 04 TO 06 4 ROOM 84 sqm $406,000 $4,833
Apr 2018 07 TO 09 4 ROOM 84 sqm $400,000 $4,762
Sep 2017 10 TO 12 5 ROOM 123 sqm $585,000 $4,756
Showing 20 of 24 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 148 Simei Street 1

Block 148 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 $365,000 to $700,000 based on 24 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 07 TO 09 sold for $588,000 in 2025-10. The current median price per square metre is $4,988. Over the past five years, resale prices at this block have increased by approximately 29.2%. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8798, 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 148 Simei Street 1 worth?

The most recent resale transaction at Block 148 Simei Street 1 was $588,000 for a 4 room flat in 2025-10. The median price per square metre across all flat types is $4,988, based on 24 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 148 Simei Street 1?

Block 148 Simei Street 1 was built in 1988 and has approximately 61 years and 7 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 148 Simei Street 1?

Block 148 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $365,000 to $700,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 148 Simei Street 1 gone up or down?

Resale prices at Block 148 Simei Street 1 have increased by approximately 29.2% over the past five years. The current median price is $487,500, with the most recent sale at $588,000 in 2025-10.

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