So assuming that object is in your scope:
<div ng-controller="MyCtrl">
<select ng-model="prop.value" ng-options="v for v in prop.values">
</select>
</div>
function MyCtrl($scope) {
$scope.prop = {
"type": "select",
"name": "Service",
"value": "Service 3",
"values": [ "Service 1", "Service 2", "Service 3", "Service 4"]
};
}
Working Plunkr: http://plnkr.co/edit/wTRXZYEPrZJRizEltQ2g