MELVILLE PARK
SIMEI STREET 1 · District 18 · 99 yrs lease commencing from 1992
Median Price
S$905K
Price Range
S$620K - S$1.5M
Tenure
Leasehold
Avg Rent
S$3.49 psf
MELVILLE PARK Price Analysis
MELVILLE PARK is a leasehold development on SIMEI STREET 1 in District 18 (Tampines/Pasir Ris). According to URA transaction records, 243 private residential transactions have been recorded at this development, with a median price of S$905,000. Prices range from S$620K for the smallest units to S$1.5M for premium configurations.
The development offers units across 3 size categories. The most traded segment is 2-bed (70-100 sqm) at a median of S$873,888. Larger units (4-bed (130-170 sqm)) trade at S$1,257,944, reflecting the premium for additional space.
Floor level significantly impacts pricing at MELVILLE PARK. High-floor units (11-15) command a median of S$1,050,000, while low-floor units (01-05) sell for S$895,000. That is a 17% premium for higher floors, worth S$155K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, MELVILLE PARK commands an average of S$3.49 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 4.0%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| 2-Bed (70-100 sqm) | S$874K | 91 sqm | 133 |
| 3-Bed (100-130 sqm) | S$1.0M | 119 sqm | 78 |
| 4-Bed (130-170 sqm) | S$1.3M | 136 sqm | 32 |
FAQ
What is the average price of MELVILLE PARK?
The median transaction price at MELVILLE PARK is S$905,000, based on 243 URA-recorded transactions. Prices range from S$620K to S$1.5M.
Does floor level affect prices at MELVILLE PARK?
Yes. High-floor units (11-15) sell for a median of S$1,050,000, while low-floor units (01-05) sell for S$895,000. That is a 17% premium for higher floors.
What is the rental rate at MELVILLE PARK?
The average rental rate at MELVILLE PARK is approximately S$3.49 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.