D18 Tampines/Pasir Ris

MELVILLE PARK

SIMEI STREET 1 · District 18 · 99 yrs lease commencing from 1992

Median Price

S$905K

243 transactions

Price Range

S$620K - S$1.5M

Tenure

Leasehold

99 yrs lease commencing from 1992

Avg Rent

S$3.49 psf

per month

What is the 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. MELVILLE PARK is a leasehold development on SIMEI STREET 1 in District 18 (Tampines/Pasir Ris). High-floor units cost 17% more than low-floor units. Average rent is S$3.49 per square foot per month.

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

11-15

S$1.1M

25 txns

06-10

S$920K

95 txns

01-05

S$895K

123 txns

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

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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.