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…
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Automated Valuation based on 2 HDB resale transactions (data.gov.sg)
Fair Value
S$877,238
S$674 psf
Asking Price
S$845,000
S$649 psf
vs Market
-3.7%
vs Last Done
-1.7%
Tenure
68 yrs
99-year Leasehold · Balance remaining
Confidence
Low
2 comps
Nearest MRT
Simei
214m away · +5% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
2 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
2 shown · 2 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneMay 2026 | Blk 243 SIMEI ST 5 Floor 07 TO 09 | 1,302sqft | S$860,000 | ▼S$660 -2.1% vs FV | 99yr from 1997 |
May 2026 | Blk 243 SIMEI ST 5 Floor 07 TO 09 | 1,302sqft | S$860,000 | ▼S$660 -2.1% 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
May 2026 · Floor 07 TO 09
-2.1% vs FV
Blk 243 SIMEI ST 5
May 2026 · Floor 07 TO 09
-2.1% 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 $877,238, translating to a price per square foot (PSF) of $674. This valuation reflects a market price that is 3.7% above the baseline, indicating a moderate upward trend in the local real estate market. The slight premium suggests a growing demand for HDB properties in this region, likely driven by factors such as proximity to essential amenities, transport links, and community facilities that make living in Tampines appealing to families and young professionals alike.
However, it is important to note that the model confidence for this valuation is classified as low, primarily due to the limited data set derived from only two recent HDB resale transactions in the vicinity. This limitation underscores the need for caution in interpreting the market signals, as fluctuations in buyer sentiment and external economic conditions could significantly influence future pricing dynamics. As the remaining lease decreases over time, potential buyers may also weigh the implications of leasehold terms on their investment decisions, further complicating the valuation landscape in this vibrant and evolving neighborhood.
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.