228 Tampines Street 23 521228, Tampines East, East Region, Singapore
$690,000
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 2 HDB resale transactions (data.gov.sg)
Fair Value
S$514,735
S$488 psf
Asking Price
S$690,000
S$655 psf
vs Market
+34.0%
vs Last Done
+11.0%
Tenure
57 yrs
99-year Leasehold · Balance remaining
Confidence
Low
2 comps
Nearest MRT
Tampines East
87m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
2 comparable transactions
S$571
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$488
Recent Comparable Transactions
2 shown · 2 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneApr 2026 | Blk 228 TAMPINES ST 23 Floor 01 TO 03 | 1,033sqft | S$610,000 | ▲S$590 +20.9% vs FV | 99yr from 1985 |
Apr 2026 | Blk 228 TAMPINES ST 23 Floor 01 TO 03 | 1,033sqft | S$610,000 | ▲S$590 +20.9% vs FV | 99yr from 1985 |
Feb 2026 | Blk 228 SIMEI ST 4 Floor 01 TO 03 | 1,119sqft | S$618,000 | ▲S$552 +13.1% vs FV | 99yr from 1988 |
Blk 228 TAMPINES ST 23
Apr 2026 · Floor 01 TO 03
+20.9% vs FV
Blk 228 TAMPINES ST 23
Apr 2026 · Floor 01 TO 03
+20.9% vs FV
Blk 228 SIMEI ST 4
Feb 2026 · Floor 01 TO 03
+13.1% vs FV
HELIOS AI Analysis
The valuation of the HDB 4-room unit in Tampines, with a remaining lease of 57 years, currently stands at an estimated value of $514,735, translating to a price per square foot (PSF) of $488. This figure indicates a significant market signal, being 34% above the baseline valuation for similar properties in the region. Such a premium valuation suggests robust demand dynamics in the area, driven by Tampines' reputation as one of Singapore's well-established residential hubs.
Despite the attractive valuation, the model confidence is rated as low, primarily due to the limited data set, which is based on only two recent HDB resale transactions in the vicinity. This lack of comprehensive transaction data may indicate volatility or a potential misalignment with broader market trends. Investors and potential buyers should exercise caution and conduct further due diligence, particularly in light of the remaining lease period, which may influence future marketability and value appreciation prospects of the property.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.