228 Tampines Street 23 521228, Tampines East, East Region, Singapore
$650,000
Discover this well-maintained HDB apartment located at 228 Tampines Street 23, offering an excellent opportunity for first-time home buyers and young professionals. Priced at SGD 690,000, this 3-bedroom unit provides a comfortable living space within a popular district. Its L99 leasehold tenure, established in 1984, ensures a stable and established community environment. This active sale listing features 2 bathrooms and a functional layout, ideal for those seeking convenience and affordability in a vibrant neighborhood. The property’s strategic location in District 18 offers easy access to public transportation, shopping, and recreational facilities, making it a practical choice for urban living. Nearby amenities include: - Tampines Mall, Century Square, and IKEA Tampines for retail and dining options - Tampines MRT station and Tampines Bus Interchange for seamless connectivity - Parks such as Tampines Eco-Garden and Tampines Quarry Park for leisure activities Key educational institutions in the vicinity: - St. Hilda’s Primary School - Our Tampines Hub (comprehensive community facilities) - Tampines North Primary School Don’t miss this opportunity to own a well-priced, centrally located property tailored for first-time buyers and young professionals seeking a vibrant, accessible lifestyle.
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: L3008022J
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Automated Valuation based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$497,494
S$472 psf
Asking Price
S$650,000
S$617 psf
vs Market
+30.7%
vs Last Done
+11.8%
Tenure
57 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Tampines East
87m away · +5% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$552
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.814
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$472
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneFeb 2026 | Blk 228 SIMEI ST 4 Floor 01 TO 03 | 1,119sqft | S$618,000 | ▲S$552 +16.9% vs FV | 99yr from 1988 |
Feb 2026 | Blk 228 SIMEI ST 4 Floor 01 TO 03 | 1,119sqft | S$618,000 | ▲S$552 +16.9% vs FV | 99yr from 1988 |
Blk 228 SIMEI ST 4
Feb 2026 · Floor 01 TO 03
+16.9% vs FV
Blk 228 SIMEI ST 4
Feb 2026 · Floor 01 TO 03
+16.9% vs FV
HELIOS AI Analysis
In the analysis of the HDB 4-room property located in Tampines, we observe an estimated value of $497,494, translating to a price per square foot (PSF) of $472. This valuation reflects a notable market signal, indicating that the property is priced 30.7% above the baseline average for similar units in the region. Such a premium suggests a robust demand for HDB properties in this sought-after locale, despite the property having a remaining lease of 57 years, which traditionally may influence buyer sentiment and valuation considerations.
However, it is essential to note that the model confidence for this valuation is categorized as low, primarily due to the reliance on only a single recent HDB resale transaction in the vicinity. This limited data point may not fully capture the broader market dynamics or the specific desirability of the property. The elevated valuation could be indicative of unique factors at play, such as local amenities, upcoming infrastructure developments, or a shift in buyer preferences. Therefore, while the above-market valuation points to a strong interest in the property, potential buyers and investors should approach with a nuanced understanding of the current market conditions and long-term lease implications.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.