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Block 147 Simei Street 2

Executive · Built 1988 · 61 years remaining lease · Updated Mar 2026 MOP Cleared

Block 147 Simei Street 2 has 8 recorded HDB resale transactions since 2017. Latest sale: $1,100,000 (Mar 2026, executive, floors 01–03). Median $4,914/sqm. Prices up 46.5% over the past five years. Built 1988, 61 years lease remaining.

Latest Sale
$1,100,000
Mar 2026 · EXECUTIVE · Floor 01-03
Median $/sqm
$4,914
Based on 8 transactions
Total Transactions
8
Since Jan 2017
5-Year Trend
▲ +46.5%
Median price change
Median Price ?
Top 15%
#121 / 791 Top 15%
Latest Sale ?
Top 1%
#9 / 791 Top 1%
Value ($/sqm) ?
Top 54%
#426 / 791 Top 54%
5-Year Growth ?
Top 8%
#47 / 569 Top 8%
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
--
How we estimate this →
Future Value Projection
Market Appreciation
+7.9%/yr
vs
Lease Decay
−0.49%/yr
Growth assumption
Based on this block’s +46.5% 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 61 years remaining 99 years
61 years 2 months
Remaining lease
↓ 0.49%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 61 years remaining, decay is gradual (~0.49%/yr). It accelerates significantly below 40 years. Market appreciation (historically 2-4%/yr) currently outpaces lease decay for this block.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). This block has too few rentals on record, so figures shown are the Tampines average.

Flat type Median rent /mo Gross yield Based on
Executive $4,000 typically $3,700–$4,200 4.9% Tampines avg · block too thin
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 3 popular schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
3 schools in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 147 Simei Street 2 in Tampines, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Tampines
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Mar 2026 01 TO 03 EXECUTIVE 154 sqm $1,100,000 $7,143
Jul 2025 01 TO 03 EXECUTIVE 146 sqm $965,000 $6,610
Jan 2021 01 TO 03 EXECUTIVE 146 sqm $705,000 $4,829
Dec 2020 01 TO 03 EXECUTIVE 146 sqm $715,000 $4,897
Aug 2020 01 TO 03 EXECUTIVE 154 sqm $718,000 $4,662
Jun 2020 01 TO 03 EXECUTIVE 146 sqm $680,000 $4,658
Mar 2018 01 TO 03 EXECUTIVE 146 sqm $720,000 $4,932
Jul 2017 01 TO 03 EXECUTIVE 146 sqm $740,000 $5,068
Showing 8 of 8 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 147 Simei Street 2

A flat at Block 147 Simei Street 2 in Tampines has reached $1,100,000 (Mar 2026), putting it in the small group of HDB blocks that have crossed the million-dollar mark. Its median runs about 32% above the Tampines median, ahead of around 85% of the town's blocks. It has a relatively light resale record, with 8 transactions since 2017 across executive flats priced from $680,000 to $1,100,000. The most recent transaction was an executive flat on storeys 01 TO 03 at $1,100,000 in Mar 2026, and the median works out to $4,914/sqm. Over five years, prices here are up about 46.5%. On Bala's Table, the SLA's leasehold valuation model, its relativity ratio works out to 0.8781, equivalent to roughly 0.49% of lease-value decay a year. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 147 Simei Street 2 worth?

The most recent resale transaction at Block 147 Simei Street 2 was $1,100,000 for a executive flat in 2026-03. The median price per square metre across all flat types is $4,914, based on 8 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 147 Simei Street 2?

Block 147 Simei Street 2 was built in 1988 and has approximately 61 years and 2 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.49%, meaning the leasehold value decreases by approximately 0.49% per year at the current remaining lease.

What flat types are available at Block 147 Simei Street 2?

Block 147 Simei Street 2 in Tampines contains executive flats. Resale prices range from $680,000 to $1,100,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 147 Simei Street 2 gone up or down?

Resale prices at Block 147 Simei Street 2 have increased by approximately 46.5% over the past five years. The current median price is $719,000, with the most recent sale at $1,100,000 in 2026-03.

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