12 Simei Street 1 529940, Simei, East Region, Singapore
$3,800 /month












Big and bright house fully furnished, ### **Melville Park Condominium (Pasir Ris/Tampines, District 18)** **Location**: Simei Street 1, Postal Codes 529940–529948 . **Developer**: Melville Park Development Pte Ltd (formerly First Capital Corporation) . **Completion Year**: 1996 . **Tenure**: 99-year leasehold (from 1992) . #### **Key Features** 1. **Units & Layouts**: - **1,232 units** across 9 blocks (11 storeys each) . - Unit types: - **2-bedroom**: 936–1,152 sqft . - **3-bedroom**: 1,044–1,561 sqft . - Sale price range: **S$900,000–S$1.47M**; rental range: **S$750–S$4,888/month** . 2. **Facilities**: - Swimming pool, gym, tennis courts, BBQ areas, 24-hour security, and a clubhouse . - Covered parking and playgrounds . 3. **Accessibility**: - **Nearest MRT**: Simei MRT (10-min walk) and Tampines East MRT (0.86km) . - **Bus stops**: Nearby routes include services to Upper Changi and Tampines . - **Driving**: 20–25 minutes to Orchard Road via PIE . 4. **Nearby Amenities**: - **Schools**: East Spring Primary, Chongzheng Primary, Ngee Ann Secondary . - **Malls**: Eastpoint Mall (0.96km), Tampines Mall (1.56km) . - **Dining**: Old Chang Kee, Ming Kitchen Seafood . - **Medical**: Simei Medical Centre, Hong Family Clinic .
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…
Estimated sale value based on 230 URA transactions
Fair Value
S$292,339
S$305 psf
Asking Price
S$3,800
S$4 psf
Listing Type
Rental
Sale value shown for reference
vs Last Done
-99.6%
Tenure
69 yrs
99-year Leasehold · Balance remaining
Confidence
High
230 comps
Nearest MRT
Simei
807m away · +1% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
230 comparable transactions
S$892
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×0.339
MRT Proximity
Within 500m / 1km
+1%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$305
Recent Comparable Transactions
10 shown · 230 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | SIMEI STREET 1 Floor 11-15 | 1,044sqft | S$1,030,000 | ▲S$986 +223.3% vs FV | 99 yrs lease commencing from 1992 |
Aug 2025 | SIMEI STREET 1 Floor 11-15 | 1,044sqft | S$1,030,000 | ▲S$986 +223.3% vs FV | 99 yrs lease commencing from 1992 |
Aug 2025 | SIMEI STREET 1 Floor 01-05 | 958sqft | S$880,000 | ▲S$919 +201.3% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 958sqft | S$940,000 | ▲S$981 +221.6% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 936sqft | S$888,000 | ▲S$948 +210.8% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 1,399sqft | S$1,245,888 | ▲S$890 +191.8% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 11-15 | 1,302sqft | S$1,300,000 | ▲S$998 +227.2% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 01-05 | 1,302sqft | S$1,270,000 | ▲S$975 +219.7% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 958sqft | S$1,035,000 | ▲S$1,080 +254.1% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 936sqft | S$900,000 | ▲S$961 +215.1% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 1,346sqft | S$1,280,000 | ▲S$951 +211.8% vs FV | 99 yrs lease commencing from 1992 |
SIMEI STREET 1
Aug 2025 · Floor 11-15
+223.3% vs FV
SIMEI STREET 1
Aug 2025 · Floor 11-15
+223.3% vs FV
SIMEI STREET 1
Aug 2025 · Floor 01-05
+201.3% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+221.6% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+210.8% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+191.8% vs FV
SIMEI STREET 1
Jul 2025 · Floor 11-15
+227.2% vs FV
SIMEI STREET 1
Jun 2025 · Floor 01-05
+219.7% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+254.1% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+215.1% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+211.8% vs FV
HELIOS AI Analysis
Based on 230 URA transactions (0 outliers removed), adjusted for: Tenure decay (66.1% discount); MRT Simei 807m away (+1%)
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.