Melville Park
Simei Street 1 · D18 · Outside central region · Condominium
The median sale at Melville Park was $935,000 — $914 psf — across 223 transactions between Oct 2021 and Sept 2026. 99-year lease from 1992.
What it costs per month of lease
A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.
This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.
Year by year
The median moved up 31 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.
- 2021nine sales$734
- 202236 sales$820
- 202340 sales$911
- 202450 sales$907
- 202553 sales$934
- 202635 sales$965
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $860,000 | $734 psf | 9 |
| 2022 | $864,000 | $820 psf | 36 |
| 2023 | $900,000 | $911 psf | 40 |
| 2024 | $907,500 | $907 psf | 50 |
| 2025 | $1,030,000 | $934 psf | 53 |
| 2026 | $967,700 | $965 psf | 35 |
What it rents for
URA’s median of rental contracts lodged at Melville Park in 2026Q3, per square foot per month.
Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.
Other developments in D18
- Rivelle Tampines · $1,934 psf
- Treasure At Tampines · $1,699 psf
- Parktown Residence · $2,361 psf
- D'nest · $1,409 psf
- Coco Palms · $1,600 psf
- The Tapestry · $1,689 psf
- The Tampines Trilliant · $1,482 psf
- The Alps Residences · $1,452 psf
Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.