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HDB · 521228

Blk 228 Tampines St 23

Project page · 99-year lease from 1985

Indicative value range
S$578,286 – S$609,732
Indicative mid S$593,549 · S$6,183 psm

Based on 11 sales in this street, last 12 months. Search widened 1 of 3 steps to find enough comparable sales. See the comparable sales.

No storey entered, so sales were not adjusted for height

Comparable sales

Each price per area is scaled to Q2 2026 by the published index for the quarter it sold in.

SoldWhereFloorSizePricePer sqmIndex ×Adjusted
Aug 2026Blk 21707 TO 0993 sqmS$620,000S$6,667 psm×1.000S$6,667 psm
Aug 2026Blk 22601 TO 03104 sqmS$574,000S$5,519 psm×1.000S$5,519 psm
May 2026Blk 21107 TO 0993 sqmS$615,000S$6,613 psm×1.000S$6,613 psm
May 2026Blk 21307 TO 09105 sqmS$635,000S$6,048 psm×1.000S$6,048 psm
May 2026Blk 21104 TO 0693 sqmS$586,888S$6,311 psm×1.000S$6,311 psm
Apr 2026Blk 21404 TO 0693 sqmS$575,000S$6,183 psm×1.000S$6,183 psm
Apr 2026Blk 22607 TO 09108 sqmS$648,000S$6,000 psm×1.000S$6,000 psm
Apr 2026Blk 22801 TO 0396 sqmS$610,000S$6,354 psm×1.000S$6,354 psm
Mar 2026Blk 21210 TO 12104 sqmS$618,000S$5,942 psm×0.997S$5,925 psm
Feb 2026Blk 22610 TO 12105 sqmS$638,000S$6,076 psm×0.997S$6,058 psm
Dec 2025Blk 21401 TO 0391 sqmS$580,000S$6,374 psm×0.996S$6,349 psm

How accurate is this estimate for Tampines St 23?

We re-ran the estimate as of Q4 2025 on what was known at the time, then compared it with the 37 sales in Tampines St 23 since.

Median error
2.1%

Half the estimates came closer than this to what the home actually fetched, half missed by more.

What the rent says

What this flat earns against what it costs, set beside what homes like it earn.

6.57% gross yield

S$39,000 of rent a year against the estimate above · 0.49 points below flats like it

Homes like this rent for about S$3,250 a month, the middle of 12 approvals in the last year.

Across Singapore, flats of this type with 50 to 59 years of lease left yield 7.06%, from 112 blocks. This town has too few such blocks to measure on its own.

A yield above the mark means the flat rents well for what it costs, which can point to a keen rental patch or a price the sales alone have not caught up with. Below it, buyers are paying for something a tenant will not, such as the address itself.

Recent rental approvals used

ApprovedBlockFlatRent a month
Aug 20262114 ROOMS$3,200
Jul 20262264 ROOMS$4,000
Jul 20262144 ROOMS$3,300
Jul 20262274 ROOMS$3,200
Jul 20262144 ROOMS$3,200
May 20262274 ROOMS$3,200
May 20262274 ROOMS$3,000
Apr 20262114 ROOMS$3,800

median of 12 HDB rental approvals for 4 ROOM on Tampines St 23 since 2025-10.

Buying or selling at S$593,549?

Buying: Stamp duty on S$593,549 · Cash and CPF needed on S$593,549 · How much can I borrow · Monthly repayment on a 75% loan · Property tax on this rent.

Selling: Net proceeds from selling on S$593,549.

Each opens with this figure filled in; change anything there.

Primary schools near 228 Tampines St 23

Measured from each school's land to this address's own point, the way MOE bands P1 priority. MOE measures to the building's outline, so near 1 km or 2 km check OneMap's School Query.

Within about 1 km

1 to 2 km

Past transactions

Recorded sales
DateDetailAreaPricePer area
Apr 2026
Blk 228 · 4 ROOM · 01 TO 03 · New Generation · 58 years left
96 sqmS$610,000S$6,354 psm
Mar 2026
Blk 228 · 3 ROOM · 01 TO 03 · New Generation · 58 years left
67 sqmS$478,000S$7,134 psm
Jun 2024
Blk 228 · 3 ROOM · 04 TO 06 · New Generation · 60 years left
67 sqmS$435,000S$6,493 psm
Feb 2024
Blk 228 · 4 ROOM · 04 TO 06 · New Generation · 60 years left
96 sqmS$500,000S$5,208 psm
Mar 2023
Blk 228 · 3 ROOM · 01 TO 03 · New Generation · 61 years left
73 sqmS$415,000S$5,685 psm
Feb 2022
Blk 228 · 4 ROOM · 01 TO 03 · New Generation · 62 years left
96 sqmS$460,000S$4,792 psm
See more

Showing 6 of 29.

Sale prices as filed in caveats.

Where the lease takes this

About 57 years of the 99-year lease remain. Every figure below lets the lease run down on the decay measured from HDB resales in this market, then applies the price path in that column. The paths are scenarios to choose between, not forecasts.

From nowLease leftPrices flatPrices 2% a yearThis market's record, 3.64% a yearmeasuredPrices 4% a year
5 years52 yearsS$566,599S$625,571S$677,506S$689,355
10 years47 yearsS$538,059S$655,890S$769,314S$796,458
20 years37 yearsS$473,011S$702,869S$966,984S$1,036,425

On a flat market the lease alone costs 20% over 20 years. Prices would need to rise about 1.14% a year to cancel that out.

The measured column repeats what this market did between Q1 2015 and Q2 2026, which was 3.64% a year. Past growth is not a promise of future growth.

Horizons we have not measured are left out rather than guessed at, so a short lease shows fewer rows.

Indicative estimate from comparable caveats. Not a formal valuation.