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Block 243 Simei Street 5

4 Room · 5 Room · Built 1997 · 69 years remaining lease MOP Cleared
Latest Sale
$860,000
May 2026 · 5 ROOM · Floor 07-09
Median $/sqm
$6,619
Based on 11 transactions
Total Transactions
11
Since Jan 2017
5-Year Trend
--
Insufficient data
Median Price ?
Top 17%
#133 / 788 Top 17%
Latest Sale ?
Top 17%
#133 / 788 Top 17%
Value ($/sqm) ?
Top 9%
#73 / 788 Top 9%
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
--
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.35%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
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 69 years remaining 99 years
69 years 11 months
Remaining lease
↓ 0.35%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 69 years remaining, decay is gradual (~0.35%/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
May 2026 07 TO 09 5 ROOM 121 sqm $860,000 $7,107
Mar 2026 01 TO 03 4 ROOM 105 sqm $751,000 $7,152
Jul 2025 04 TO 06 5 ROOM 124 sqm $882,000 $7,113
Jun 2025 04 TO 06 4 ROOM 105 sqm $735,000 $7,000
Sep 2024 04 TO 06 4 ROOM 105 sqm $695,000 $6,619
Sep 2024 07 TO 09 4 ROOM 105 sqm $738,000 $7,029
Dec 2022 04 TO 06 4 ROOM 105 sqm $595,000 $5,667
Jul 2020 01 TO 03 5 ROOM 122 sqm $550,000 $4,508
Sep 2017 04 TO 06 4 ROOM 105 sqm $505,000 $4,810
Jun 2017 01 TO 03 5 ROOM 124 sqm $585,000 $4,718
May 2017 07 TO 09 5 ROOM 124 sqm $678,000 $5,468
Showing 11 of 11 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 243 Simei Street 5

Block 243 at Simei Street 5 is a residential HDB block in Tampines, Singapore, built in 1997 with approximately 69 years remaining on its 99-year lease. The block contains 4 room, 5 room flats, with resale prices ranging from $505,000 to $882,000 based on 11 recorded transactions since January 2017. The most recent transaction was a 5 room flat on storeys 07 TO 09 sold for $860,000 in 2026-05. The current median price per square metre is $6,619. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.9098, with an annual lease decay rate of approximately 0.35%. 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 243 Simei Street 5 worth?

The most recent resale transaction at Block 243 Simei Street 5 was $860,000 for a 5 room flat in 2026-05. The median price per square metre across all flat types is $6,619, based on 11 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 243 Simei Street 5?

Block 243 Simei Street 5 was built in 1997 and has approximately 69 years and 11 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.35%, meaning the leasehold value decreases by approximately 0.35% per year at the current remaining lease.

What flat types are available at Block 243 Simei Street 5?

Block 243 Simei Street 5 in Tampines contains 4 room, 5 room flats. Resale prices range from $505,000 to $882,000 based on historical transaction records from data.gov.sg.

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