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Block 244 Simei Street 5

4 Room · 5 Room · Built 1997 · 70 years remaining lease · Updated Dec 2025 MOP Cleared

Block 244 Simei Street 5 has 12 recorded HDB resale transactions since 2017. Latest sale: $770,000 (Dec 2025, 4 room, floors 10–12). Median $5,542/sqm. Built 1997, 70 years lease remaining.

Latest Sale
$770,000
Dec 2025 · 4 ROOM · Floor 10-12
Median $/sqm
$5,542
Based on 12 transactions
Total Transactions
12
Since Jan 2017
5-Year Trend
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Insufficient data
Median Price ?
Top 22%
#173 / 791 Top 22%
Latest Sale ?
Top 29%
#232 / 791 Top 29%
Value ($/sqm) ?
Top 22%
#173 / 791 Top 22%
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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How we estimate this →
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−0.34%/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 70 years remaining 99 years
70 years 2 months
Remaining lease
↓ 0.34%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 70 years remaining, decay is gradual (~0.34%/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
4-Room $3,400 typically $3,200–$3,600 6.2% Tampines avg · block too thin
5-Room $3,650 typically $3,400–$3,900 5.3% 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 244 Simei Street 5 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
Dec 2025 10 TO 12 4 ROOM 104 sqm $770,000 $7,404
Jun 2023 01 TO 03 5 ROOM 124 sqm $761,000 $6,137
Apr 2023 10 TO 12 5 ROOM 122 sqm $833,000 $6,828
Jan 2023 04 TO 06 5 ROOM 124 sqm $800,000 $6,452
Nov 2022 10 TO 12 5 ROOM 119 sqm $815,000 $6,849
Oct 2018 07 TO 09 5 ROOM 119 sqm $680,000 $5,714
Feb 2018 07 TO 09 5 ROOM 119 sqm $620,000 $5,210
Dec 2017 01 TO 03 5 ROOM 119 sqm $605,000 $5,084
Jul 2017 01 TO 03 4 ROOM 105 sqm $483,000 $4,600
May 2017 01 TO 03 5 ROOM 124 sqm $609,888 $4,918
Mar 2017 04 TO 06 4 ROOM 104 sqm $503,000 $4,837
Feb 2017 07 TO 09 5 ROOM 119 sqm $638,888 $5,369
Showing 12 of 12 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 244 Simei Street 5

Block 244 Simei Street 5 is a mature HDB block in Tampines, built in 1997 with about 70 years remaining on its 99-year lease. Its median runs about 21% above the Tampines median, ahead of around 78% of the town's blocks. It has a relatively light resale record, with 12 transactions since 2017 across 4 room, 5 room flats priced from $483,000 to $833,000. The most recent transaction was a 4 room flat on storeys 10 TO 12 at $770,000 in Dec 2025, and the median works out to $5,542/sqm. Under Bala's Table (the SLA leasehold valuation model), its leasehold relativity ratio is 0.9105, an annual lease decay of about 0.34%. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 244 Simei Street 5 worth?

The most recent resale transaction at Block 244 Simei Street 5 was $770,000 for a 4 room flat in 2025-12. The median price per square metre across all flat types is $5,542, based on 12 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 244 Simei Street 5?

Block 244 Simei Street 5 was built in 1997 and has approximately 70 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 0.34%, meaning the leasehold value decreases by approximately 0.34% per year at the current remaining lease.

What flat types are available at Block 244 Simei Street 5?

Block 244 Simei Street 5 in Tampines contains 4 room, 5 room flats. Resale prices range from $483,000 to $833,000 based on historical transaction records from data.gov.sg.

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