Block 224 Tampines Street 23

3 Room · 4 Room · Built 1985 · 60 years remaining lease MOP Cleared
Latest Sale
$530,000
Aug 2024 · 4 ROOM · #01-03
Median $/sqm
$4,836
Based on 6 transactions
Total Transactions
6
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 60 years remaining 99 years
60 years 5 months
Remaining lease
↓ 0.50%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 60 years remaining, decay is gradual (~0.50%/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
Aug 2024 01 TO 03 4 ROOM 93 sqm $530,000 $5,699
Feb 2023 04 TO 06 4 ROOM 93 sqm $500,000 $5,376
Feb 2021 01 TO 03 4 ROOM 96 sqm $406,000 $4,229
Aug 2019 01 TO 03 3 ROOM 67 sqm $315,000 $4,701
Nov 2018 01 TO 03 3 ROOM 67 sqm $328,000 $4,896
Sep 2018 01 TO 03 3 ROOM 67 sqm $320,000 $4,776
Showing 6 of 6 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 224 Tampines Street 23

Block 224 at Tampines Street 23 is a residential HDB block in Tampines, Singapore, built in 1985 with approximately 60 years remaining on its 99-year lease. The block contains 3 room, 4 room flats, with resale prices ranging from $315,000 to $530,000 based on 6 recorded transactions since January 2017. The most recent transaction was a 4 room flat on storeys 01 TO 03 sold for $530,000 in 2024-08. The current median price per square metre is $4,836. Under Bala's Table (the Singapore Land Authority's official leasehold valuation model), the block's leasehold relativity ratio is 0.8749, with an annual lease decay rate of approximately 0.50%. 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 224 Tampines Street 23 worth?

The most recent resale transaction at Block 224 Tampines Street 23 was $530,000 for a 4 room flat in 2024-08. The median price per square metre across all flat types is $4,836, based on 6 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 224 Tampines Street 23?

Block 224 Tampines Street 23 was built in 1985 and has approximately 60 years and 5 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 0.50%, meaning the leasehold value decreases by approximately 0.50% per year at the current remaining lease.

What flat types are available at Block 224 Tampines Street 23?

Block 224 Tampines Street 23 in Tampines contains 3 room, 4 room flats. Resale prices range from $315,000 to $530,000 based on historical transaction records from data.gov.sg.

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