We track 256 sales and 1584 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the MELVILLE PARK dashboard.
- Average sale price: $972,564 across 256 transactions
- Estimated gross rental yield: 4.2%
- District 18 PSF ranking: Value tier (top 96%)
- 99 yrs lease commencing from 1992 · OCR · D18 · 1232 units
About MELVILLE PARK
MELVILLE PARK is a 99 yrs lease commencing from 1992 condominium, located at SIMEI STREET 1 in District 18 (Tampines, Pasir Ris) (Outside Central Region), developed by MELVILLE PARK DEVELOPMENT PTE LTD (FIRST CAPITAL CORPORATION), comprising 1232 residential units, completed in 1996.
With approximately 65 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at MELVILLE PARK:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 37 | $881 psf | $825,243 |
| 3 BR | 183 | $856 psf | $946,762 |
| 4 BR | 36 | $865 psf | $1,255,136 |
Sales Market Overview
MELVILLE PARK has recorded 256 sale transactions with an average transaction price of $972,564, ranging from $620,000 to $1,500,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 60 | $713 psf | $815,856 | — |
| 2022 | 36 | $828 psf | $930,472 | ↑ 16.2% |
| 2023 | 40 | $908 psf | $970,342 | ↑ 9.7% |
| 2024 | 50 | $905 psf | $1,018,887 | ↓ 0.3% |
| 2025 | 53 | $937 psf | $1,085,854 | ↑ 3.5% |
| 2026 | 17 | $970 psf | $1,130,571 | ↑ 3.5% |
MELVILLE PARK ranks in the top 96% of condos in District 18 by average PSF.
Compared to the OCR average of $1,550 psf, MELVILLE PARK trades 44.5% below the segment benchmark.
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Rental Market Overview
MELVILLE PARK has recorded 1584 rental transactions with monthly rents averaging $3,379/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 998 | $3,174/mo | $1,500/mo | $5,500/mo |
| 3 BR | 586 | $3,729/mo | $1,650/mo | $5,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 305 | $2,600/mo |
| 2022 | 329 | $3,109/mo |
| 2023 | 281 | $3,835/mo |
| 2024 | 275 | $3,661/mo |
| 2025 | 295 | $3,671/mo |
| 2026 | 99 | $3,733/mo |
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Investment Analysis
Based on average rents and sale prices, MELVILLE PARK delivers an estimated gross rental yield of 4.2%. This places it among the higher-yielding condos in Singapore.
Competing Condos in District 18
Side-by-side comparison against the most actively traded condos in District 18 (Tampines, Pasir Ris):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| TREASURE AT TAMPINES | 99-year leasehold | 2203 | $1,589 psf | 1178 |
| PARKTOWN RESIDENCE | 99 yrs lease commencing from 2023 | 1193 | $2,367 psf | 1164 |
| AURELLE OF TAMPINES | 99 yrs lease commencing from 2024 | 760 | $1,769 psf | 760 |
| TENET | 99 yrs lease commencing from 2021 | 618 | $1,386 psf | 618 |
| RIVELLE TAMPINES | 99 years leasehold | — | $1,933 psf | 571 |
Location Map
Map shows MELVILLE PARK (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- MELVILLE PARK
- Upper Changi MRT
- Simei MRT
- Tampines East MRT
- Expo MRT
- Expo MRT
- Angsana Primary School
- Springfield Secondary School
- Singapore University of Technology and Design
Nearby MRT Stations
MELVILLE PARK is 680m from Upper Changi MRT (Downtown Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Upper Changi | DT34 | Downtown Line | 680m |
| Simei | EW3 | East-West Line | 700m |
| Tampines East | DT33 | Downtown Line | 1.2 km |
| Expo | CG1 | East-West Line | 1.3 km |
| Expo | DT35 | Downtown Line | 1.3 km |
Nearby Schools
There are 11 schools within 2 km of MELVILLE PARK, including 6 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Angsana Primary School | Primary | 590m |
| Springfield Secondary School | Secondary | 810m |
| Singapore University of Technology and Design | Tertiary | 830m |
| Changkat Primary School | Primary | 850m |
| United World College of South East Asia (East) | International | 870m |
| Chongzheng Primary School | Primary | 930m |
| Park View Primary School | Primary | 1.4 km |
| Poi Ching School | Primary | 1.7 km |
| North London Collegiate School Singapore | International | 1.7 km |
| East Spring Primary School | Primary | 1.9 km |
| East Spring Secondary School | Secondary | 1.9 km |
FAQ
What is the average price for MELVILLE PARK?
What is the rental yield for MELVILLE PARK?
Is MELVILLE PARK freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 256 transactions analysed
- Rental data: 1584 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for MELVILLE PARK
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