224 Simei Street 4 520224, Simei, East Region, Singapore
$660,000
CEA Registration: L3010858B / R040261G Preview in virtual tour: https://my.matterport.com/show/?m=P23XwLY6CfB Well-kept 3-bedroom, 2-bathroom home offering a functional layout and comfortable living space. Situated on a low floor, this corridor unit features an East-facing main door and pleasant street views. The unit has been well maintained and requires minimal renovation, making it ideal for buyers looking to move in with ease. Enjoy great convenience with a bus stop just a 5-minute walk away (services 5, 12, 12e) and Upper Changi MRT (DT34) within the same distance. Daily essentials are easily accessible with Giant Supermarket and Eastpoint Mall nearby, along with a variety of eateries in the area. Families will also appreciate reputable schools such as Changkat Primary and Chongzheng Primary within 1km. Exclusive Propseller Listing! Size: - 1119sqft. - 3 bedrooms + 2 bathrooms Attributes: - EIP Quota: None not eligible - Extension needed: 3 months strictly - Unit orientation: Corridor unit - Low floor unit - Renovated condition - Main door facing East - Views from unit: Street Convenience: - 5 min walk to the nearest bus stop (bus services: 5, 12, 12e) - 5 min walk to Upper Changi MRT station (DT34) - 5 min walk to Giant supermarket - Within proximity to Eastpoint shopping mall - Within proximity to the nearest eateries - Primary schools within 1km: Changkat Primary School, Chongzheng Primary School - Primary schools between 1-2km: East Spring Primary School, Gongshang Primary School, Junyuan Primary School, St. Anthony's Canossian Primary School Disclaimer: Some pictures may be virtually decluttered or staged to showcase the maximum potential of the property. Looking to sell your own property? Sell with Propseller for only 1% commission (vs. market standard of 2%) Propseller is Singapore's No. 1 tech-powered real estate agency offering the most reliable way to successfully and efficiently sell, buy or rent a property. Visit: https://propseller.com/
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3010858B
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Automated Valuation based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$588,342
S$526 psf
Asking Price
S$660,000
S$590 psf
vs Market
+12.2%
vs Last Done
+2.6%
Tenure
61 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Upper Changi
461m away · +5% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$575
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.871
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$526
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneSep 2025 | Blk 224 SIMEI ST 4 Floor 04 TO 06 | 1,163sqft | S$668,000 | ▲S$575 +9.3% vs FV | 99yr from 1989 |
Sep 2025 | Blk 224 SIMEI ST 4 Floor 04 TO 06 | 1,163sqft | S$668,000 | ▲S$575 +9.3% vs FV | 99yr from 1989 |
Blk 224 SIMEI ST 4
Sep 2025 · Floor 04 TO 06
+9.3% vs FV
Blk 224 SIMEI ST 4
Sep 2025 · Floor 04 TO 06
+9.3% vs FV
HELIOS AI Analysis
The valuation of the HDB 4-room unit located in Tampines at an estimated value of $588,342, translating to a price per square foot (PSF) of $526, presents a compelling yet nuanced picture of the current market landscape. With a remaining lease of 61 years, this property stands at a critical juncture where the interplay of lease duration, location desirability, and market trends can significantly impact its value. Notably, the valuation is positioned above the market baseline by 12.2%, underscoring a premium perception among buyers, albeit amidst a backdrop of low model confidence arising from the reliance on a singular recent transaction in the vicinity.
This elevated valuation can be attributed to several factors, including the robust demand for HDB units in the Tampines region, which is known for its comprehensive amenities and transport connectivity. However, the low model confidence suggests that potential buyers should exercise caution, as it stems from limited transactional data that may not adequately reflect broader market trends. As such, while the property may appear attractive at first glance, prospective investors are advised to conduct thorough due diligence, considering both the implications of the remaining lease and the fluctuating dynamics of the local real estate market.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.