HomeRentApartment Whole Unit2RMD18 - Pasir Ris / Tampines2 Bed Apartment (Condo) for Rent in Melville Park

2 Bed Apartment (Condo) for Rent in Melville Park

18 Simei Street 1 529943, Simei, East Region, Singapore

$3,500 /month

Added 7 months ago
Beds: 2Baths: 2Area: 936 sqft
Market Price· Fairly priced
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IMAGES GALLERY

Nearest MRT Station

Property Details

Property IDFyKGzx4Hyg44SeFPeKn5rw
PriceS$3,500
StatusFor rent
Beds2
Baths2
Built Area936 sqft
PSF
S$4
Year Built1996
Furnished StatusUnknown

Description

Good Unit with Furnishing - Tenanted till 25 October 2025 - Above #07 - Full Facility Condo - Short Walk to Bus stop - 12 Minutes Walk to Simei MRT - Direct Bus to Changi Business Park Professional family profiles preferred

Features & Amenities
Gym
Clubhouse
Security
Sauna
Parking
Tennis court
Playground
Swimming pool
Bbq
Wading pool

Nearby Locations

The following locations are within radius of this property, with distance shown in kilometers.

Location

18 Simei Street 1 529943, Simei, East Region, Singapore

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Total Transactions

0

Average Price

S0

Total Value

S0

Sales Timeline

No timeline data available

No data available

No transaction data found. This could be due to:

  • No transactions in the selected radius
  • Invalid date formats in transaction data
  • Missing price or area information
  • Current filter settings excluding all transactions

Property Value Estimate

Estimated sale value based on 216 URA transactions

Fair Value

S$286,887

S$307 psf

Asking Price

S$3,500

S$4 psf

Listing Type

Rental

Sale value shown for reference

vs Last Done

Not applicable

Cannot compare rent to sale psf

Tenure

69 yrs

99-year Leasehold · Balance remaining

Confidence

High

216 comps

High = 10+ comps
Medium = 5–9 comps
Low = <5 comps

Nearest MRT

Simei

807m away · +1% premium

URA PSF Trendline vs Listing Price

Hedonic Adjustment Breakdown

Base URA PSF

216 comparable transactions

S$896

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$307

Recent Comparable Transactions

10 shown · 216 total
Last Done

SIMEI STREET 1

Aug 2025 · Floor 11-15

S$986 psf

+221.2% vs FV

1,044 sqftS$1,030,00099 yrs lease commencing from 1992

SIMEI STREET 1

Aug 2025 · Floor 11-15

S$986 psf

+221.2% vs FV

1,044 sqftS$1,030,00099 yrs lease commencing from 1992

SIMEI STREET 1

Aug 2025 · Floor 01-05

S$919 psf

+199.3% vs FV

958 sqftS$880,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jul 2025 · Floor 06-10

S$981 psf

+219.5% vs FV

958 sqftS$940,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jul 2025 · Floor 06-10

S$948 psf

+208.8% vs FV

936 sqftS$888,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jul 2025 · Floor 06-10

S$890 psf

+189.9% vs FV

1,399 sqftS$1,245,88899 yrs lease commencing from 1992

SIMEI STREET 1

Jul 2025 · Floor 11-15

S$998 psf

+225.1% vs FV

1,302 sqftS$1,300,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jun 2025 · Floor 01-05

S$975 psf

+217.6% vs FV

1,302 sqftS$1,270,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jun 2025 · Floor 06-10

S$1,080 psf

+251.8% vs FV

958 sqftS$1,035,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jun 2025 · Floor 06-10

S$961 psf

+213.0% vs FV

936 sqftS$900,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jun 2025 · Floor 06-10

S$951 psf

+209.8% vs FV

1,346 sqftS$1,280,00099 yrs lease commencing from 1992
Below Fair Value
Above Fair Value
FV: S$307 psf

HELIOS AI Analysis

Based on 216 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.

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