HomeBuyAll2RMD18 - Pasir Ris / Tampines2 Bed Condo for Sale in Melville Park

2 Bed Condo for Sale in Melville Park

26 Simei Street 1 529947, Simei, East Region, Singapore

$980,000

Added 4 months ago
Beds: 2Baths: 2Area: 958 sqft
Above Market· 9.2% above market
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IMAGES GALLERY

Nearest MRT Station

Property Details

Property IDB6basfgBepWVb4c57y7g9A
PriceS$980,000
Property TypeCondo
StatusFor sale
Beds2
Baths2
Built Area958 sqft
PSF
S$1,023
Year Built1996
Furnished StatusPartially furnished

Description

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

Nearby Locations

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

Location

26 Simei Street 1 529947, Simei, East Region, Singapore

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Mortgage Calculation

S$
20 yrs
410203035
75 %
1020406075
4 %
0.1123456

Mortgage calculation on 4% interest rate

S$ 0
Loan Amount (75%)
Downpayment (25%)
S$ 0
S$ 0
/month
Principal
S$ 0
Interest
S$ 0

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

Home Report · AVM Fair Value

Automated Valuation based on 216 URA transactions

Fair Value

S$897,359

S$937 psf

Asking Price

S$980,000

S$1,023 psf

vs Market

+9.2%

Above Market

vs Last Done

+3.8%

Market Price

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$937

Recent Comparable Transactions

10 shown · 216 total
Last Done

SIMEI STREET 1

Aug 2025 · Floor 11-15

S$986 psf

+5.2% vs FV

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

SIMEI STREET 1

Aug 2025 · Floor 11-15

S$986 psf

+5.2% vs FV

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

SIMEI STREET 1

Aug 2025 · Floor 01-05

S$919 psf

-1.9% vs FV

958 sqftS$880,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jul 2025 · Floor 06-10

S$981 psf

+4.7% vs FV

958 sqftS$940,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jul 2025 · Floor 06-10

S$948 psf

+1.2% vs FV

936 sqftS$888,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jul 2025 · Floor 06-10

S$890 psf

-5.0% vs FV

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

SIMEI STREET 1

Jul 2025 · Floor 11-15

S$998 psf

+6.5% vs FV

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

SIMEI STREET 1

Jun 2025 · Floor 01-05

S$975 psf

+4.1% 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

+15.3% vs FV

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

SIMEI STREET 1

Jun 2025 · Floor 06-10

S$961 psf

+2.6% vs FV

936 sqftS$900,00099 yrs lease commencing from 1992

SIMEI STREET 1

Jun 2025 · Floor 06-10

S$951 psf

+1.5% vs FV

1,346 sqftS$1,280,00099 yrs lease commencing from 1992
Below Fair Value
Above Fair Value
FV: S$937 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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