Block 229 Simei Street 4

Executive · Built 1988 · 61 years remaining lease MOP Cleared
Latest Sale
$1,050,000
Dec 2025 · EXECUTIVE · #04-06
Median $/sqm
$5,211
Based on 19 transactions
Total Transactions
19
Since Jan 2017
5-Year Trend
▲ +47%
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
Dec 2025 04 TO 06 EXECUTIVE 146 sqm $1,050,000 $7,192
Aug 2025 10 TO 12 EXECUTIVE 146 sqm $1,108,000 $7,589
Aug 2024 04 TO 06 EXECUTIVE 142 sqm $928,000 $6,535
Oct 2023 04 TO 06 EXECUTIVE 146 sqm $920,000 $6,301
Aug 2022 10 TO 12 EXECUTIVE 146 sqm $865,000 $5,925
May 2022 07 TO 09 EXECUTIVE 146 sqm $810,000 $5,548
Mar 2022 07 TO 09 EXECUTIVE 142 sqm $795,000 $5,599
Jan 2022 07 TO 09 EXECUTIVE 142 sqm $782,000 $5,507
Oct 2021 01 TO 03 EXECUTIVE 146 sqm $740,000 $5,068
Sep 2021 01 TO 03 EXECUTIVE 146 sqm $730,000 $5,000
Sep 2021 04 TO 06 EXECUTIVE 146 sqm $738,000 $5,055
Feb 2021 01 TO 03 EXECUTIVE 146 sqm $698,000 $4,781
Feb 2020 10 TO 12 EXECUTIVE 146 sqm $730,000 $5,000
Jul 2019 07 TO 09 EXECUTIVE 146 sqm $728,000 $4,986
Apr 2018 04 TO 06 EXECUTIVE 146 sqm $723,000 $4,952
Apr 2018 04 TO 06 EXECUTIVE 146 sqm $785,888 $5,383
Oct 2017 07 TO 09 EXECUTIVE 142 sqm $740,000 $5,211
Sep 2017 01 TO 03 EXECUTIVE 154 sqm $740,000 $4,805
Feb 2017 01 TO 03 EXECUTIVE 146 sqm $710,000 $4,863
Showing 19 of 19 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 229 Simei Street 4

Block 229 at Simei Street 4 is a residential HDB block in Tampines, Singapore, built in 1988 with approximately 61 years remaining on its 99-year lease. The block contains executive flats, with resale prices ranging from $698,000 to $1,108,000 based on 19 recorded transactions since January 2017. The most recent transaction was a executive flat on storeys 04 TO 06 sold for $1,050,000 in 2025-12. The current median price per square metre is $5,211. Over the past five years, resale prices at this block have increased by approximately 47%. 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 229 Simei Street 4 worth?

The most recent resale transaction at Block 229 Simei Street 4 was $1,050,000 for a executive flat in 2025-12. The median price per square metre across all flat types is $5,211, based on 19 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 229 Simei Street 4?

Block 229 Simei Street 4 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 229 Simei Street 4?

Block 229 Simei Street 4 in Tampines contains executive flats. Resale prices range from $698,000 to $1,108,000 based on historical transaction records from data.gov.sg.

Have HDB prices at Block 229 Simei Street 4 gone up or down?

Resale prices at Block 229 Simei Street 4 have increased by approximately 47% over the past five years. The current median price is $740,000, with the most recent sale at $1,050,000 in 2025-12.

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