12 Simei Street 1 529940, Simei, East Region, Singapore
$4,600 /month
Another Quality Condominium Unit for Rent by Jimmy Lye Melville Park – Simei Street 1, Singapore A rare opportunity to own a spacious, high-floor condominium unit in a prime and highly convenient location. This beautifully laid-out home offers generous living spaces, excellent ventilation, and unblocked views—perfect for families or savvy investors seeking strong rental demand and long-term appreciation. With its large floor area and functional layout, this unit provides comfortable multi-generational living, plus outdoor spaces to relax and unwind. The development is surrounded by daily conveniences including banks, supermarkets, eateries, and a wide range of amenities. Reputable primary and secondary schools are also nearby, making this an ideal family-friendly choice. Strong rental demand in the area makes this a smart investment with attractive potential returns. Unit Details • 1,302 sqft • 3 Bedrooms + 1 Helper’s Room • 3 Baths with Yard Area • 2 Balconies • Unblocked View • Well-maintained, move-in condition • Don’t miss! Location Highlights • Excellent connectivity • Many amenities nearby (banks, supermarkets, eateries, daily conveniences) • Close to good primary & secondary schools •. Strong rental demand & investment potential Call Jimmy Lye @ 8118 XXXX for exclusive viewing
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: L3008899K
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Estimated sale value based on 226 URA transactions
Fair Value
S$413,712
S$318 psf
Asking Price
S$4,600
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
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
+4%
Adjusted Fair Value PSF
S$318
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 +210.1% vs FV | 99 yrs lease commencing from 1992 |
Aug 2025 | SIMEI STREET 1 Floor 11-15 | 1,044sqft | S$1,030,000 | ▲S$986 +210.1% vs FV | 99 yrs lease commencing from 1992 |
Aug 2025 | SIMEI STREET 1 Floor 01-05 | 958sqft | S$880,000 | ▲S$919 +189.0% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 958sqft | S$940,000 | ▲S$981 +208.5% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 936sqft | S$888,000 | ▲S$948 +198.1% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 06-10 | 1,399sqft | S$1,245,888 | ▲S$890 +179.9% vs FV | 99 yrs lease commencing from 1992 |
Jul 2025 | SIMEI STREET 1 Floor 11-15 | 1,302sqft | S$1,300,000 | ▲S$998 +213.8% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 01-05 | 1,302sqft | S$1,270,000 | ▲S$975 +206.6% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 958sqft | S$1,035,000 | ▲S$1,080 +239.6% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 936sqft | S$900,000 | ▲S$961 +202.2% vs FV | 99 yrs lease commencing from 1992 |
Jun 2025 | SIMEI STREET 1 Floor 06-10 | 1,346sqft | S$1,280,000 | ▲S$951 +199.1% vs FV | 99 yrs lease commencing from 1992 |
SIMEI STREET 1
Aug 2025 · Floor 11-15
+210.1% vs FV
SIMEI STREET 1
Aug 2025 · Floor 11-15
+210.1% vs FV
SIMEI STREET 1
Aug 2025 · Floor 01-05
+189.0% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+208.5% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+198.1% vs FV
SIMEI STREET 1
Jul 2025 · Floor 06-10
+179.9% vs FV
SIMEI STREET 1
Jul 2025 · Floor 11-15
+213.8% vs FV
SIMEI STREET 1
Jun 2025 · Floor 01-05
+206.6% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+239.6% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+202.2% vs FV
SIMEI STREET 1
Jun 2025 · Floor 06-10
+199.1% vs FV
HELIOS AI-Detected Boosters
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.