Block 151 Simei Street 1

4 Room · 5 Room · Built 1988 · 62 years remaining lease MOP Cleared
Latest Sale
$575,000
Oct 2024 · 4 ROOM · #04-06
Median $/sqm
$4,991
Based on 12 transactions
Total Transactions
12
Since Jan 2017
5-Year Trend
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Insufficient data
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 4 months
Remaining lease
↓ 0.46%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 62 years remaining, decay is gradual (~0.46%/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 2024 04 TO 06 4 ROOM 84 sqm $575,000 $6,845
Mar 2024 10 TO 12 5 ROOM 122 sqm $718,000 $5,885
Jun 2023 01 TO 03 5 ROOM 122 sqm $622,888 $5,106
Feb 2023 04 TO 06 4 ROOM 84 sqm $488,888 $5,820
Sep 2022 04 TO 06 4 ROOM 84 sqm $465,000 $5,536
Jul 2022 01 TO 03 5 ROOM 122 sqm $680,000 $5,574
Feb 2022 07 TO 09 5 ROOM 122 sqm $595,000 $4,877
Jul 2021 10 TO 12 5 ROOM 122 sqm $582,000 $4,770
Aug 2019 01 TO 03 4 ROOM 84 sqm $371,000 $4,417
Apr 2019 07 TO 09 5 ROOM 122 sqm $570,000 $4,672
Sep 2018 10 TO 12 5 ROOM 122 sqm $570,000 $4,672
Oct 2017 04 TO 06 5 ROOM 122 sqm $548,000 $4,492
Showing 12 of 12 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 151 Simei Street 1

Block 151 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 $371,000 to $718,000 based on 12 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 04 TO 06 sold for $575,000 in 2024-10. The current median price per square metre is $4,991. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8829, with an annual lease decay rate of approximately 0.46%. 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 151 Simei Street 1 worth?

The most recent resale transaction at Block 151 Simei Street 1 was $575,000 for a 4 room flat in 2024-10. The median price per square metre across all flat types is $4,991, based on 12 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 151 Simei Street 1?

Block 151 Simei Street 1 was built in 1988 and has approximately 62 years and 4 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.46%, meaning the leasehold value decreases by approximately 0.46% per year at the current remaining lease.

What flat types are available at Block 151 Simei Street 1?

Block 151 Simei Street 1 in Tampines contains 4 room, 5 room flats. Resale prices range from $371,000 to $718,000 based on historical transaction records from data.gov.sg.

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