20 Simei Street 1 529944, Simei, East Region, Singapore
$1,168,888
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
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Automated Valuation based on 226 URA transactions
Fair Value
S$1.09M
S$937 psf
Asking Price
S$1.17M
S$1,005 psf
vs Market
+7.3%
vs Last Done
+1.9%
Tenure
69 yrs
99-year Leasehold · Balance remaining
Confidence
High
226 comps
Nearest MRT
Simei
807m away · +1% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
226 comparable transactions
S$893
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 · 226 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 +5.2% vs FV | 99 yrs lease commencing from 1992 |
Aug 2025 | SIMEI STREET 1 Floor 11-15 | 1,044sqft | S$1,030,000 | ▲S$986 +5.2% vs FV | 99 yrs lease commencing from 1992 |
Aug 2025 | SIMEI STREET 1 Floor 01-05 | 958sqft | S$880,000 | ▼S$919 -1.9% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 958sqft | S$940,000 | ▲S$981 +4.7% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 936sqft | S$888,000 | ▲S$948 +1.2% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 1,399sqft | S$1,245,888 | ▼S$890 -5.0% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 11-15 | 1,302sqft | S$1,300,000 | ▲S$998 +6.5% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 01-05 | 1,302sqft | S$1,270,000 | ▲S$975 +4.1% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 958sqft | S$1,035,000 | ▲S$1,080 +15.3% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 936sqft | S$900,000 | ▲S$961 +2.6% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 1,346sqft | S$1,280,000 | ▲S$951 +1.5% vs FV | 99 yrs lease commencing from 1992 |
SIMEI STREET 1
Aug 2025 · Floor 11-15
+5.2% vs FV
SIMEI STREET 1
Aug 2025 · Floor 11-15
+5.2% vs FV
SIMEI STREET 1
Aug 2025 · Floor 01-05
-1.9% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+4.7% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+1.2% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
-5.0% vs FV
SIMEI STREET 1
Jul 2025 · Floor 11-15
+6.5% vs FV
SIMEI STREET 1
Jun 2025 · Floor 01-05
+4.1% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+15.3% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+2.6% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+1.5% vs FV
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.