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 HDB 5-room unit in Tampines, with a remaining lease of 68 years, stands at an estimated value of $877,575, equating to $674 per square foot (PSF). This valuation reflects a market signal indicating a 3.7% deviation from the baseline price, suggesting a moderate appreciation in value within a competitive landscape. The Tampines region, known for its accessibility and robust amenities, continues to attract demand despite the challenges posed by a limited number of recent transactions, with only one HDB resale recorded in the vicinity.
However, it is essential to note that the model confidence for this valuation is rated as low. This is primarily due to the scarcity of comparable sales data, which can lead to fluctuations in pricing and market dynamics. The remaining 68-year lease on the property may also impact buyer sentiment, as the perception of lease tenure often influences the long-term investment appeal of HDB properties. Investors and potential homeowners should consider these factors when assessing the value of this HDB unit in the current market landscape.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.