243 Simei Street 5 520243, Simei, East Region, Singapore
$845,000
Your Property Trusted Advisor At Your Service ~ ERA Sandy Hong 9787XXXX Sole Marketing Agent for this unit! Spacious High-Floor Corner Home with Flexible Layout in Prime Simei This well-sized 5I corner unit offers a bright, breezy setting with a functional squarish layout—ideal for families and multi-generation living. Move-in ease with pure selling and no extension required, plus the option to carve out a fourth bedroom to suit evolving needs. - Address: 243 Simei Street 5 - Type: 5I HDB, high floor, corner unit - Price: $845,000 - Size: 121 sqm / 1,302 sq ft - Bedrooms: 3 - Remaining lease: 69 years - Layout: Squarish, efficient planning, excellent cross ventilation - Sale status: Pure selling, no extension stay - Nearby conveniences: Multiple coffeeshops, supermarket options, clinics, bakeries, wet market, neighbourhood retail, parks and fitness corners, with easy access to Changi Business Park and major expressways Schools within proximity: - PCF Sparkletots @ Changi-Simei Blk 131 (0.22km) - PCF Sparkletots @ Changi-Simei Blk 119 (0.34km) - Changkat Primary School (0.51km) - Changkat Changi Secondary School (0.52km) - PCF Sparkletots @ Tampines-Changkat Blk 284 (0.64km) - Paper Scissors Stone Montessori Kindergarten (0.72km) - Little Shepherds' Schoolhouse @ Church of the Holy Trinity (0.84km) - PCF Sparkletots @ Tampines-Changkat Blk 318 (0.86km) - Chongzheng Primary School (0.86km) - Yumin Primary School (0.97km) MRT/LRT connectivity: - Simei MRT (0.19km) - Upper Changi MRT (0.76km) Secure a rare high-floor corner home with space, convenience, and future flexibility. For viewing arrangements and details, contact SANDY HONG at 9787XXXX.
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: L3002382K
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Automated Valuation based on 1 HDB resale transactions (data.gov.sg)
Fair Value
S$877,575
S$674 psf
Asking Price
S$845,000
S$649 psf
vs Market
-3.7%
vs Last Done
-1.8%
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$661
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$674
Recent Comparable Transactions
1 shown · 1 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneJul 2025 | Blk 243 SIMEI ST 5 Floor 04 TO 06 | 1,335sqft | S$882,000 | ▼S$661 -1.9% vs FV | 99yr from 1997 |
Jul 2025 | Blk 243 SIMEI ST 5 Floor 04 TO 06 | 1,335sqft | S$882,000 | ▼S$661 -1.9% vs FV | 99yr from 1997 |
Blk 243 SIMEI ST 5
Jul 2025 · Floor 04 TO 06
-1.9% vs FV
Blk 243 SIMEI ST 5
Jul 2025 · Floor 04 TO 06
-1.9% vs FV
HELIOS AI Analysis
The valuation of the 5-room HDB property in Tampines, with a remaining lease of 68 years, stands at an estimated value of $877,575, translating to a price per square foot (PSF) of $674. This valuation reflects a market signal indicating a 3.7% difference from the baseline, suggesting a moderate appreciation in value compared to recent historical trends. However, the model confidence for this valuation is categorized as low, primarily due to the limited dataset available, with only one recent HDB resale transaction in the vicinity to substantiate this price point.
In the context of Singapore's dynamic property market, the remaining lease of 68 years is a crucial factor that influences buyer sentiment and valuation. Properties with shorter leases often attract a premium discount, while those with longer leases, like this HDB unit, tend to provide a reassuring stability for prospective buyers. Nonetheless, the low transaction volume in Tampines raises questions about the robustness of market demand in this area, suggesting that potential investors should exercise caution and seek further insights before making commitment decisions.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.