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.
Loading map...
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
Disclaimer: The information provided on Listings.sg is for general informational purposes only. While we strive to ensure the accuracy of property listings, they are subject to change. If you notice any inaccuracies, fraudulent activity, or issues with this listing, please report it to our support team.
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
The valuation for the HDB 4 Room unit in Tampines, with a remaining lease of 57 years, is positioned at an estimated value of $497,494, translating to a price per square foot (PSF) of $472. This valuation indicates a significant market signal, as it stands at a striking 30.7% above the established baseline for similar properties in the vicinity. Such a premium suggests heightened demand or unique characteristics that may appeal to potential buyers, albeit with a noted caveat of low model confidence due to reliance on only one recent resale transaction in the area.
In the context of the broader real estate landscape in Singapore, this valuation reflects the dynamic nature of HDB properties, particularly in well-regarded precincts like Tampines. The remaining lease of 57 years is a crucial factor for buyers, as it influences both the investment horizon and resale potential. With market dynamics shifting and the scarcity of quality units, this property exemplifies how strategic pricing can be significantly above market averages, albeit with risks associated with limited data points for validation. Investors and homebuyers should weigh these factors carefully when considering their options in this competitive market.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.