243 Simei Street 5 520243, Simei, East Region, Singapore
$1,000 /month
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…
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Estimated sale value based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$169,440
S$678 psf
Asking Price
S$1,000
S$4 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
Not applicable
Cannot compare rent to sale psf
Tenure
68 yrs
99-year Leasehold · Balance remaining
Confidence
Low
1 comps
Nearest MRT
Simei
214m away · +5% premium
Hedonic Adjustment Breakdown
Base URA PSF
1 comparable transactions
S$664
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.971
MRT Proximity
Within 500m / 1km
+5%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$678
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMar 2026 | Blk 243 SIMEI ST 5 Floor 01 TO 03 | 1,130sqft | S$751,000 | ▼S$664 -2.1% vs FV | 99yr from 1997 |
Mar 2026 | Blk 243 SIMEI ST 5 Floor 01 TO 03 | 1,130sqft | S$751,000 | ▼S$664 -2.1% vs FV | 99yr from 1997 |
Blk 243 SIMEI ST 5
Mar 2026 · Floor 01 TO 03
-2.1% vs FV
Blk 243 SIMEI ST 5
Mar 2026 · Floor 01 TO 03
-2.1% vs FV
HELIOS AI Analysis
The valuation of the 4-room HDB property in Tampines, with a remaining lease of 68 years, stands at an estimated value of $169,440, translating to a price per square foot (PSF) of $678. This valuation reflects a market signal indicating a 0% difference from the baseline, suggesting stability in the pricing dynamics within the vicinity. Such a positioning within the market underscores the resilience of Tampines as a sought-after residential area, despite the relatively low model confidence due to the limited data, sourced from only one recent HDB resale transaction nearby.
While the remaining lease of 68 years is a positive aspect, it is essential to consider the implications of leasehold tenure on long-term investment potential. Properties in Singapore, particularly HDBs, often experience fluctuating demand based on their lease duration. As the lease period diminishes, potential buyers may exhibit caution, impacting future resale values. However, the current market stability observed in this valuation indicates a balanced supply-demand dynamic, which, if maintained, could provide a conducive environment for property appreciation in the longer term.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.