Melville Park

Overview

Unit Info

Sales

Rental

Surrounding

More

Overview

Unit Info

Sales

Rental

Surrounding

More

Note: This project has high transaction volume. For performance reasons, a default 5-year time frame has been selected. You may change this in the Report Options above
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 0
 0

Sale Price *

Average
S$ 909 psf
Range
S$ 800 - 1,025 psf

Rental Price **

Average
S$ 3.6 psf pm
Range
S$ 2.5 - 4.6 psf pm

Rental Yield **

4.8%

Rental income expressed as a percentage of the property's value.

Amenities

2.7
2.7

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Melville Park is a leasehold (99 yrs from 1992, 99 yrs from /199) apartment, condominium completed in 1996. The development occupies a land area of 75,611 sqm and a Gross Floor Area of 151,222 sqm. It consists of 1232 units. According to records, buyers of this development are Singaporean 57.0%, PR 32.3%, Foreigner 7.6%, Company 0.7%.

MELVILLE PARK is located along Simei Street 1 in Tampines, in District 18. It is accessible through the nearest MRTs including Upper Changi DT34 and Simei EW3.

Based on transaction data in the last 12 months, sale prices range from S$ 800 psf to S$ 1,025 psf at an average of S$ 909 psf. Its highest recorded transaction was S$ 1,025 psf in May 2023 for a 1,044-sqft unit. Its lowest recorded transaction was S$ 285 psf in Dec 2006 for a 1,087-sqft unit. Its current rental yield is at 4.8%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, SHAHUL HAMEED S/O ABDUSALAM, SUZYAMEER FROZEN PTE. LTD., and 1 Shopping Mall: EASTPOINT MALL (EAST POINT).

Buyers and tenants are attracted to District 18, which is comprised of Simei, Tampines and Pasir Ris. Simei is home to country clubs such as Tanah Merah Country Club and Laguna National Golf & Country Club. Nearby, the Singapore Expo complex annually holds international concerts, exhibitions and conventions. Tampines is Singapore's third largest new town by area, spanning over 289ha of land. Originally covered by forests and swamps, Tampines has evolved into a modern township with three shopping malls: Tampines 1, Century Square and Tampines mall, located in the heart of the regional centre. In 2006, IKEA opened its second outlet in Singapore at Tampines Retail Park, adjacent to two other mega retail warehouse stores by Courts and Giant. From its early days as a kampung, Pasir Ris has evolved to become a lively housing estate surrounded by the beach and sea. Another natural landmark in the neighbourhood is Pasir Ris Park, which houses a 6ha mangrove forest. Pasir Ris is also popular for its chalets and resorts in Downtown East.

With a land area of 11,000ha, the East Region is the smallest and second most densely populated of the five regions in Singapore. The region is a key aviation hub, housing the Paya Lebar Air Base and Changi Naval Base. Major airlines such as Singapore Airlines, Scoot and Jetstar also has their head offices in the area. Other major economic activity includes manufacturing, with industrial estates in Bedok, Changi, Pasir Ris, Tampines and Paya Lebar. Changi Business Park also hosts a number of MNCs such as Standard Chartered and IBM. Going forward, the government has plans to create more semi-conductor and aviation-related jobs at Tampines North, Pasir Ris and Changi. Aside from the bustling economic activity, residents benefit from a wide variety of green and play spaces in the region. Residents will also enjoy increased connectivity to other parts of Singapore with the upcoming Cross Island Line and Thomson-East Coast Line.
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What they say
Live Here? Tell us more
Write a review
3.8
"Value for money"
r******************u@gmail.com
Others     |   02 Jul 2021
4.2
"A decent place to live."
g********e@gmail.com
Owner     |   02 Jul 2018
3.8
"Good location & more space to move around in the estate. Having mini mart is +"
s*******u@yahoo.com
Owner     |   24 Jun 2018
4.4
"This condo has 100% occupancy rate with an average 4% yield."
j*********e@gmail.com
Owner     |   20 Jun 2018
4.8
"awesome landscape"
w*********3@gmail.com
Owner     |   08 Aug 2017
1
"I hate to say this - but this is a condo complex where absolutely low class people live. Never buy or rent a condo here if you want a decent life. The condo might have been great years back, but right now this place is comparable to living in slums of India. Tenants, maids and their kids have no manners, have no idea what standards to follow while living in a foreign country, absolutely dirty and trashy premises. I wonder how these people landed in this country with such living standards!"
M* R******
Google Review     |   02 Feb 2022
4
"Melville Park is a good place to live. Many buyers are interested. contact me for off-market properties deals."
M*** S********** V**
Google Review     |   18 Dec 2021
3
"Facilities here are aged and often down. Looks nice from outside though."
D**** W***
Google Review     |   20 Nov 2021
5
"A very helpful secerity staff.Thnk u"
R**** A***
Google Review     |   09 Aug 2021
5
"Very convinum nice place to stay."
H**** G**
Google Review     |   26 May 2021
Live Here? Tell us more
Write a review

Nearby Amenities

(Within 500m)

Source: URA,www.edgeprop.sg

All Nearby Amenities
TransportTransport
SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
No data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of MELVILLE PARK (Limited to 10)

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Date
Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of MELVILLE PARK

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of MELVILLE PARK

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven

Listings

View More

thumb-images
6
$961,000

    • 2 beds
    • 2 baths
    • Condominium
    • D18
    • 99 Years
    • S$ 920 psf
    • SIMEI STREET 1
    Evelyn Wee
    send_enquiry
    thumb-images
    10
    $888,000

      • 2 beds
      • 2 baths
      • Apartment
      • D18
      • 1996
      • 99 years
      • S$ 927 psf
      • Simei Street 1
      Boon Song Ong
      send_enquiry
      thumb-images
      10
      $1,238,888

        • 3 beds
        • 3 baths
        • Apartment
        • D18
        • 1996
        • 99 years
        • S$ 944 psf
        • Simei Street 1
        Liew Junlong Adrian
        send_enquiry
        thumb-images
        4
        $950,000

          • 2 beds
          • 2 baths
          • Condominium
          • D18
          • 1996
          • 99 years
          • S$ 1,020 psf
          • Simei Street 1
          Henry Yap
          send_enquiry
          thumb-images
          10
          $1,190,000

            • 3 beds
            • 3 baths
            • Apartment
            • D18
            • 1996
            • 99 years
            • S$ 1,020 psf
            • Simei Street 1
            Joey Lam
            send_enquiry
            thumb-images
            10
            $4,980,000

              • 5 beds
              • 5 baths
              • Corner Terrace
              • D28
              • 2011
              • Freehold
              • S$ 2,080 psf
              • Mimosa Drive Seletar
              Joey Lam
              send_enquiry
              thumb-images
              10
              $950,000

                • 2 beds
                • 2 baths
                • Apartment
                • D18
                • 1996
                • 99 years
                • S$ 993 psf
                • Simei Street 1
                Mandhy Lee
                send_enquiry
                thumb-images
                10
                $1,190,000

                  • 3 beds
                  • 2 baths
                  • Apartment
                  • D18
                  • 1996
                  • 99 years
                  • S$ 1,020 psf
                  • Simei Street 1
                  Valerie Lim
                  send_enquiry
                  thumb-images
                  10
                  $1,300,000

                    • 3 beds
                    • 3 baths
                    • Apartment
                    • D18
                    • 1996
                    • 99 years
                    • S$ 967 psf
                    • Simei Street 1
                    Shibani .
                    send_enquiry
                    thumb-images
                    10
                    $950,000

                      • 2 beds
                      • 2 baths
                      • Apartment
                      • D18
                      • 1996
                      • 99 years
                      • S$ 1,020 psf
                      • Simei Street 1
                      Khoo Maggie
                      send_enquiry

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