Overview & Key Facts
DOUBLE BAY RESIDENCES is a 99 yrs lease commencing from 2008 condominium at SIMEI STREET 4 in District 18 (OCR), developed by SECURE VENTURE DEVELOPMENT (SIMEI) PTE LTD, comprising 646 units, completed in 2012.
Location & Connectivity
DOUBLE BAY RESIDENCES is approximately 420m from Simei MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Simei | East-West Line | 420m |
| Upper Changi | Downtown Line | 580m |
| Expo | East-West Line | 870m |
| Expo | Downtown Line | 870m |
Schools & Education
14 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Park View Primary School | Primary | 650m |
| Changkat Primary School | Primary | 830m |
| Singapore University of Technology and Design | Tertiary | 840m |
| Angsana Primary School | Primary | 910m |
| Springfield Secondary School | Secondary | 1.2 km |
| Ping Yi Secondary School | Secondary | 1.4 km |
| Chongzheng Primary School | Primary | 1.5 km |
| North London Collegiate School Singapore | International | 1.6 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 5 | $1,293 psf | $723,000 |
| 2 BR | 37 | $1,269 psf | $1,187,745 |
| 3 BR | 62 | $1,285 psf | $1,563,250 |
| 4 BR | 39 | $1,286 psf | $1,847,667 |
| 5+ BR | 3 | $944 psf | $3,466,667 |
Market Position
DOUBLE BAY RESIDENCES has recorded 146 sales at an average price of $1,554,398.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at DOUBLE BAY RESIDENCES typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 2 BR | $3,738/mo | $1,187,745 | 3.78% |
| 3 BR | $4,757/mo | $1,563,250 | 3.65% |
| 4 BR | $5,503/mo | $1,847,667 | 3.57% |
| 5 BR | $10,350/mo | $3,466,667 | 3.58% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 33 | $1,108 psf | — |
| 2022 | 32 | $1,192 psf | ↑ 7.6% |
| 2023 | 22 | $1,287 psf | ↑ 8.0% |
| 2024 | 24 | $1,367 psf | ↑ 6.2% |
| 2025 | 24 | $1,426 psf | ↑ 4.4% |
| 2026 | 11 | $1,458 psf | ↑ 2.2% |
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The latest reading marks the highest point in this series — DOUBLE BAY RESIDENCES prices have climbed 31.6% since 2021.
Price Index Check
The ShiokNest Price Index for District 18 reads 132.1 as of June 2026 — down 4.1% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| TREASURE AT TAMPINES | 99-year leasehold | $1,592 psf | 1198 |
| PARKTOWN RESIDENCE | 99 yrs lease commencing from 2023 | $2,367 psf | 1165 |
| AURELLE OF TAMPINES | 99 yrs lease commencing from 2024 | $1,769 psf | 758 |
| TENET | 99 yrs lease commencing from 2021 | $1,386 psf | 618 |
| RIVELLE TAMPINES | 99 years leasehold | $1,933 psf | 558 |
Lease Analysis
With 81 years remaining on its 99-year lease, DOUBLE BAY RESIDENCES still qualifies for full bank financing and CPF usage.
Best suited for
Who This Actually Suits
This is a strong match for families with young children, mrt-walkable commuters, yield-focused investors and cpf-only buyers. Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.
For long-term hold (10+ yr), it can work — but weigh the trade-offs before committing.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
DOUBLE BAY RESIDENCES is a 99 yrs lease commencing from 2008 development in District 18 (OCR), with 646 units, offering a gross yield of 3.3%.
At ~$1,436 psf, it represents a competitive entry point in the OCR segment.
Explore the full DOUBLE BAY RESIDENCES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing DOUBLE BAY RESIDENCES against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for DOUBLE BAY RESIDENCES?
Is DOUBLE BAY RESIDENCES freehold?
What is the rental yield for DOUBLE BAY RESIDENCES?
Which MRT is nearest to DOUBLE BAY RESIDENCES?
Sources & Next Steps
- DOUBLE BAY RESIDENCES Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 18 (Tampines, Pasir Ris) — District 18 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 146 transactions
- Rental data: 703 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 146 records analysed · Source: URA private-sale caveats