This fully done-up 3-bedroom unit at Melville Park is a rare investment opportunity, perfectly positioned for the thriving coliving market. With a generous floor area of 1,163 sqft, this unit offers spacious, modern, and comfortable living spaces for tenants, designed for maximum occupancy and appeal. Exceptional Rental Yield: Projected to fetch rental returns close to 6%, significantly above the typical condo yield in the area! This is a robust asset for discerning investors seeking high-performance real estate. Ready for Coliving: The unit is fully renovated and configured to seamlessly operate as a coliving space, minimizing downtime and immediate expenditure for new owners. Start generating income immediately! High Demand Location: The East is a prime rental catchment area, drawing tenants working in nearby business hubs like Changi Business Park, Changi Airport, and the Tampines Wafer Fab Park. Melville Park is a large, established condo famous for its spacious grounds, resort-like environment, and comprehensive facilities, offering a quality lifestyle that is highly attractive to tenants: Full Condo Facilities: Enjoy access to a large swimming pool, tennis courts, a gymnasium, clubhouse, and BBQ areas. A perfect retreat for residents after a long day. Abundant Space: Unlike newer compact developments, the generous land size of Melville Park provides ample breathing room and lush greenery, enhancing the living experience. MRT Access: Excellent connectivity with several MRT stations nearby: Upper Changi MRT (DT34) / Simei MRT (EW3): Easily accessible via a short bus ride or a brisk walk. Tampines East MRT (DT33): Just a short distance away, connecting to the Downtown Line. Expressway Accessibility: Quick access to major expressways like the PIE and ECP, making the drive to the City Centre, Changi Airport, and other parts of Singapore swift and convenient. Shopping & Dining: Minutes awa
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…


License: L3008022J
Automated Valuation based on 1189 URA transactions · 42 outliers removed (IQR)
Fair Value
S$1.23M
S$1,055 psf
Asking Price
S$1.17M
S$1,005 psf
vs Market
-4.7%
Confidence
High
1189 comps
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
1189 comparable transactions
S$1,034
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.000
MRT Proximity
Within 500m / 1km
0%
AI Condition Premium
HELIOS scan of listing description
+2%
Adjusted Fair Value PSF
S$1,055
Recent Comparable Transactions
| Date | Block / Street | Area (sqft) | Price | PSF |
|---|---|---|---|---|
| 2025-08 | SIMEI RISE | 2,045 | S$2,120,000 | S$1,037 |
| 2025-08 | SIMEI RISE | 1,227 | S$1,480,000 | S$1,206 |
| 2025-08 | TAMPINES STREET 34 | 1,195 | S$1,460,000 | S$1,222 |
| 2025-08 | SIMEI STREET 4 | 1,378 | S$1,698,800 | S$1,233 |
| 2025-08 | SIMEI STREET 1 | 1,044 | S$1,030,000 | S$986 |
Showing 5 most recent transactions from 1189 total comparables used in valuation.
HELIOS AI-Detected Boosters
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.