Double Bay Residences

Double Bay Residences is a leasehold (99 yrs from 2008) condominium completed in 2012. It is developed by SECURE VENTURE DEVELOPMENT (SIMEI) PTE LTD and designed by DP ARCHITECTS PTE LTD. The development occupies a land area of 32,211 sqm and a Gross Floor Area of 74,084 sqm. It consists of 646 units. According to records, buyers of this development are Singaporean 80.7%, PR 13.9%, Foreigner 5.4%, Company 0.1%.

DOUBLE BAY RESIDENCES is located along Simei Street 4 in Tampines, in District 18. It is accessible through the nearest MRTs including Simei EW3 and Upper Changi DT34.

Based on transaction data in the last 12 months, sale prices range from S$ 1,037 psf to S$ 1,383 psf at an average of S$ 1,306 psf. Its highest recorded transaction was S$ 1,383 psf in Jan 2024 for a 1,367-sqft unit. Its lowest recorded transaction was S$ 409 psf in Apr 2009 for a 1,765-sqft unit. Its current rental yield is at 3.8%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, SHAHUL HAMEED S/O ABDUSALAM, L M MEAT PTE. LTD., and 1 Shopping Mall: EASTPOINT MALL (EAST POINT).

Buyers and tenants are attracted to District 18, which is comprised of Simei, Tampines and Pasir Ris. Simei is home to country clubs such as Tanah Merah Country Club and Laguna National Golf & Country Club. Nearby, the Singapore Expo complex annually holds international concerts, exhibitions and conventions. Tampines is Singapore's third largest new town by area, spanning over 289ha of land. Originally covered by forests and swamps, Tampines has evolved into a modern township with three shopping malls: Tampines 1, Century Square and Tampines mall, located in the heart of the regional centre. In 2006, IKEA opened its second outlet in Singapore at Tampines Retail Park, adjacent to two other mega retail warehouse stores by Courts and Giant. From its early days as a kampung, Pasir Ris has evolved to become a lively housing estate surrounded by the beach and sea. Another natural landmark in the neighbourhood is Pasir Ris Park, which houses a 6ha mangrove forest. Pasir Ris is also popular for its chalets and resorts in Downtown East.

With a land area of 11,000ha, the East Region is the smallest and second most densely populated of the five regions in Singapore. The region is a key aviation hub, housing the Paya Lebar Air Base and Changi Naval Base. Major airlines such as Singapore Airlines, Scoot and Jetstar also has their head offices in the area. Other major economic activity includes manufacturing, with industrial estates in Bedok, Changi, Pasir Ris, Tampines and Paya Lebar. Changi Business Park also hosts a number of MNCs such as Standard Chartered and IBM. Going forward, the government has plans to create more semi-conductor and aviation-related jobs at Tampines North, Pasir Ris and Changi. Aside from the bustling economic activity, residents benefit from a wide variety of green and play spaces in the region. Residents will also enjoy increased connectivity to other parts of Singapore with the upcoming Cross Island Line and Thomson-East Coast Line.