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Melville Park @ Simei: Classic Apartments for Families With a Modern Lifestyle

Ohmyhome

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Melville Park, situated in between Simei and Tampines, at Simei Road in District 18, is a 99-year leasehold condominium developed by Melville Park Development Pte Ltd. It comprises a whopping 1,232 residential units across seven blocks with 11 storeys each. Not only does this property offer a full range of condo facilities, you’ll also have access to a wealth of excellent amenities.

4 Reasons Why Melville Park Is an Ideal Home:

1. Specifications and Perks for Own Stay

Project Name Tenure TOP Unit Type (up to) Size in sqft (up to) Average Price PSF (up to)
Melville Park 99-year leasehold 1996 2-bedroom
3-bedroom
1,087
1,561
$728

Melville Park’s classic design is inspired by European architecture and created with families in mind. Choosing an apartment here isn’t too hard; you just need to decide between a three or four-bedroom unit. There are many ways you can spend quality family time here. There’s a clubhouse and function room to hold mini parties, barbeque area for occasional cookouts, swimming pool and wading pool for kids, a playground, street soccer and squash courts, gymnasium and sauna.

2. Accessibility, Amenities, and Recreational Spots

There are two train stations which are closeby: Simei MRT Station and Tampines East MRT Station. The bus stop right in front of the condominium has bus service that can take you to the train stations within 10 minutes. Melville Park is accessible via Upper Changi Road and Pan Island Expressway (PIE). It would take you about 24 minutes or less to reach the Central Business District (CBD) and Orchard Road via PIE.

Head down to the nearest mall, Eastpoint Mall, if you need to do grocery shopping or get any basic necessities. Surrounded by multiple towns like Changi, Tampines, and Bedok, Melville Park’s location gives you a plethora of dining and shopping options. The wide range of shopping centres and entertainment avenues include Jewel Changi Airport, Changi City Point, Century Square, Tampines 1, and Tampines Mall. The closest recreational spot would be in Changi, where there is the beach, park, and chalets.

3. Education, Employment, and Healthcare

Melville Park is close to several schools and colleges. There are seven childcare centres and three kindergartens, all less than 500m away, which takes less than a five minutes’ walk. Other nearby educational institutions include Metta School, East Spring Secondary School, Chongzheng Primary School, Pasir Ris Primary School, and Singapore University of Technology and Design.

You will also be strategically located close to Changi Business Park (six-minute drive), Tampines Central (10-minute drive), and Pasir Ris Wafer Fab Park (14-minute drive) – which is going through an expansion – resulting in more jobs closer to home and an increase in potential tenants.

Need to see a doctor? The nearest hospitals are Changi General Hospital and St. Andrew’s Community Hospital, a seven-minute drive from Melville Park.

4. Property Price and Future Developments

The price of Melville Park’s two-bedroom unit (1,346 sqft), mid-level floor in the past three years:

  • January to December 2017 – up to $825,000
  • January to December 2018 – up to $835,000
  • January to December 2019 – up to $880,000

Since 2017, property prices at Melville Park have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new amenities, community spaces, improved connectivity, industrial hubs, and recreational facilities.

Is Melville Park the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!


Best Mortgage Rate Across All Banks for Melville Park

Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.

Buyer’s Stamp Duty for Melville Park

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

If you opt to buy a three-bedroom unit at Melville Park the price is at $880,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $38,600.

Market Value of the Property BSD Rate Calculation
On the first $180k 1% $1,800
On the second $180k 2% $3,600
Next $520,000 3% $15,600
BSD Payable $21,000

Source: IRAS

Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!

Additional Buyer’s Stamp Duty for Melville Park

Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Who is liable to pay ABSD:
Singapore Citizen (SC) buying second, third and subsequent residential property
Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying Melville Park

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $880,000
If Melville Park is your second residential property 12% $105,600
If Melville Park is your third or subsequent residential property 15% $132,000

ABSD for Singapore Permanent Resident when Buying Melville Park

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $880,000
If Melville Park is your first property 5% $44,000
If Melville Park is your second or subsequent residential property 15% $132,000

ABSD for Foreigners when Buying Melville Park

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $880,000
Foreigners buying any property 20% $176,000

VIP Service for Buyers at $0 Agent Fees

Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.

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