242 Simei Street 5 520242, Simei, East Region, Singapore
$818,000
Ohmyhome New Listing! Please call Jason @ 9727XXXX Asking price $838K (negotiable) Mid Floor level 5 Corner Unit Living room facing Southeast Main door facing Northwest Able to build 4th bedroom Near Eastpoint Mall Near Simei MRT (2 mins) All Races eligible For viewing appointment, please contact: Jason Selvaraj @ 9727XXXX CEA:R009866G/Ohmyhome: L3010739Z Buy, sell, rent and renovate with Ohmyhome! Over 8,000 happy families have engaged Ohmyhome and gave 5-star reviews. Check out our new Home Ownership Management & e-Valuation AI Tool called Homer AI! Homer is your digital property friend for homeowners. All you need to know about your home in one place. Say Hi To Homer AI here! ohmyhome.com/en-sg/homer Contact us at Ohmyhome.com or via Whatsapp @ +65 9755 XXXX for the most comprehensive housing transaction journey! Ohmyhome, that was simple! Ohmyhome. That was simple!
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
41
Average Price
S1.6M
Total Value
S64.5M
Calculating fair value from URA transaction data…


License: L3002382K
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Automated Valuation based on 500 HDB resale transactions (data.gov.sg)
Fair Value
S$866,329
S$660 psf
Asking Price
S$818,000
S$623 psf
vs Market
-5.6%
vs Last Done
+7.6%
Tenure
68 yrs
99-year Leasehold · Balance remaining
Confidence
High
500 comps
Nearest MRT
Simei
88m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
500 comparable transactions
S$647
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$660
Recent Comparable Transactions
10 shown · 500 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMar 2026 | Blk 156 SIMEI RD Floor 04 TO 06 | 1,313sqft | S$760,000 | ▼S$579 -12.3% vs FV | 99yr from 1989 |
Mar 2026 | Blk 156 SIMEI RD Floor 04 TO 06 | 1,313sqft | S$760,000 | ▼S$579 -12.3% vs FV | 99yr from 1989 |
Mar 2026 | Blk 255 SIMEI ST 1 Floor 10 TO 12 | 1,270sqft | S$888,000 | ▲S$699 +5.9% vs FV | 99yr from 1996 |
Mar 2026 | Blk 945 TAMPINES AVE 4 Floor 10 TO 12 | 1,378sqft | S$900,888 | ▼S$654 -0.9% vs FV | 99yr from 1988 |
Mar 2026 | Blk 859 TAMPINES AVE 5 Floor 07 TO 09 | 1,313sqft | S$813,000 | ▼S$619 -6.2% vs FV | 99yr from 1988 |
Mar 2026 | Blk 861 TAMPINES AVE 5 Floor 04 TO 06 | 1,313sqft | S$820,000 | ▼S$624 -5.5% vs FV | 99yr from 1988 |
Mar 2026 | Blk 876C TAMPINES AVE 8 Floor 04 TO 06 | 1,216sqft | S$908,000 | ▲S$747 +13.2% vs FV | 99yr from 2021 |
Mar 2026 | Blk 876C TAMPINES AVE 8 Floor 07 TO 09 | 1,216sqft | S$890,000 | ▲S$732 +10.9% vs FV | 99yr from 2021 |
Mar 2026 | Blk 515C TAMPINES CTRL 7 Floor 01 TO 03 | 1,130sqft | S$720,000 | ▼S$637 -3.5% vs FV | 99yr from 2008 |
Mar 2026 | Blk 519B TAMPINES CTRL 8 Floor 10 TO 12 | 1,163sqft | S$1,050,000 | ▲S$903 +36.8% vs FV | 99yr from 2014 |
Mar 2026 | Blk 609B TAMPINES NTH DR 1 Floor 10 TO 12 | 1,216sqft | S$930,000 | ▲S$765 +15.9% vs FV | 99yr from 2020 |
Blk 156 SIMEI RD
Mar 2026 · Floor 04 TO 06
-12.3% vs FV
Blk 156 SIMEI RD
Mar 2026 · Floor 04 TO 06
-12.3% vs FV
Blk 255 SIMEI ST 1
Mar 2026 · Floor 10 TO 12
+5.9% vs FV
Blk 945 TAMPINES AVE 4
Mar 2026 · Floor 10 TO 12
-0.9% vs FV
Blk 859 TAMPINES AVE 5
Mar 2026 · Floor 07 TO 09
-6.2% vs FV
Blk 861 TAMPINES AVE 5
Mar 2026 · Floor 04 TO 06
-5.5% vs FV
Blk 876C TAMPINES AVE 8
Mar 2026 · Floor 04 TO 06
+13.2% vs FV
Blk 876C TAMPINES AVE 8
Mar 2026 · Floor 07 TO 09
+10.9% vs FV
Blk 515C TAMPINES CTRL 7
Mar 2026 · Floor 01 TO 03
-3.5% vs FV
Blk 519B TAMPINES CTRL 8
Mar 2026 · Floor 10 TO 12
+36.8% vs FV
Blk 609B TAMPINES NTH DR 1
Mar 2026 · Floor 10 TO 12
+15.9% vs FV
HELIOS AI Analysis
The valuation of the HDB 5 Room property in Tampines, with a remaining lease of 68 years, stands at an estimated value of $866,329, translating to a price per square foot of $660. This valuation reflects a robust market positioning, particularly noted by a favorable market signal indicating it as a "Good Deal," with a 5.6% deviation from the baseline. Such a percentage suggests that this property is competitively priced within the current market dynamics, making it an attractive option for both investors and potential homeowners.
Our analysis is backed by a comprehensive review of 500 recent HDB resale transactions in the vicinity, which enhances the credibility of this valuation. The high model confidence suggests a reliable forecasting of pricing trends in this area, indicating a stable demand for HDB properties in Tampines. Given the remaining lease length, prospective buyers will appreciate the balance between a substantial lease period and a competitive pricing structure, positioning this property favorably within the current real estate landscape in Singapore.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.