123 Simei Street 1 - 1 Units for Sale
123 Simei Street 1
123 Simei Street 1 520123(D18) Pasir Ris / Tampines
Summary
123 Simei Street 1
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Project details
TypeHDB
Completion year1987
Tenure99-year Leasehold
No. of blocks1
No. of floors11
DeveloperHousing & Development Board (HDB)
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Show More123 Simei Street 1 – PropertyGuru Market Pulse Insights
Popular preferences: Corner Unit, Renovated, Balcony, Gym, Tennis Court, Air-Conditioning
Pricing by Unit Types:
Location & Lifestyle Highlights — 123 Simei Street 1 360m (4 mins) to SIMEI MRT STATION — This station connects you directly to the East-West Line, making trips to the CBD or Changi Airport quick and hassle-free. 123 Simei Street 1 offers a practical and efficient living environment right in the heart of a mature residential estate. It is a great spot for those who value being close to essential transport links and daily conveniences while enjoying a settled neighborhood vibe. Nearby hotspots: MRT Stations:
Market & Rental Insights
Show MoreOver the past 30 days, the development has remained present in local property search activity within the Pasir Ris / Tampines market. Drawing on PropertyGuru search data, this project continues to feature in the browsing mix for active buyers exploring the district.
Most-searched Units: 3-BedroomPopular preferences: Corner Unit, Renovated, Balcony, Gym, Tennis Court, Air-Conditioning
Pricing by Unit Types:
Location & Lifestyle Highlights — 123 Simei Street 1 360m (4 mins) to SIMEI MRT STATION — This station connects you directly to the East-West Line, making trips to the CBD or Changi Airport quick and hassle-free. 123 Simei Street 1 offers a practical and efficient living environment right in the heart of a mature residential estate. It is a great spot for those who value being close to essential transport links and daily conveniences while enjoying a settled neighborhood vibe. Nearby hotspots: MRT Stations:
- UPPER CHANGI MRT STATION (1472m, 17-18 mins) — Access the Downtown Line for another convenient route towards the city and eastern employment hubs.
- BLK 120/OPP SIMEI STN (123m, 1-2 mins) — Just a few steps away for a quick bus ride around the Simei and Tampines area.
- SIMEI STN / BLK 247 (174m, 2-3 mins) — Handy stop that links you to various feeder services for easy daily commuting.
- PCF SPARKLETOTS PRESCHOOL @ CHANGI-SIMEI BLK 131 (KN) (14m, 1 min) — Right at your doorstep, making morning school runs incredibly easy for parents.
- MY WORLD PRESCHOOL LTD. (23m, 1 min) — Another excellent childcare option just a stone's throw away for young families.
- CHANGKAT PRIMARY SCHOOL (759m, 9-10 mins) — A reputable local primary school within a comfortable walking distance for children.
- NORTHEAST MEDICAL GROUP (417m, 4-5 mins) — Nearby medical clinic for quick consultations and general healthcare needs.
- CHANGI GENERAL HOSPITAL (1058m, 12-13 mins) — Major regional hospital providing comprehensive medical services and emergency care.
- WATSONS (498m, 5-6 mins) — Conveniently located pharmacy for all your health and personal care essentials.
- EASTPOINT MALL (523m, 6-7 mins) — A vibrant suburban mall with a wide variety of shops, services, and a supermarket.
- FAIRPRICE (428m, 5-6 mins) — Reliable grocery shopping nearby for all your fresh produce and household supplies.
- KOPITIAM (395m, 4-5 mins) — Great local food court offering a wide range of affordable and tasty everyday meals.
- WOK HEY (427m, 5-6 mins) — Popular spot for quick and delicious take-out meals right by the mall area.
- SNACK SHOP (341m, 4-5 mins) — Handy for grabbing a quick bite or light refreshments on your way home.
Market & Rental Insights
123 Simei Street 1 demonstrates a stable market profile characterized by consistent capital appreciation and high rental returns.
- PSF Appreciation:S$577 psf → S$591 psf over recent years (+2.43%) from 2023 - 2026
- Expected Rental Yield: At 6.49%, this reflects a strong return for investors.
- Transactions:4 rental transactions in the last 6 months and 1 sale transactions in the last 12 months, showing modest rental and sale activity.
- PG Pulse Insight: With a strong rental yield of 6.49% and steady PSF growth of +2.43%, the project offers a compelling profile for yield-focused investors despite limited transaction volume.
Published date: November 4, 2026
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