We track 5 sales and 60 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALAZZETTO dashboard.
- Average sale price: $1,336,400 across 5 transactions
- Estimated gross rental yield: 3.0%
- District 15 PSF ranking: Above average (top 38%)
- Freehold tenure · RCR · D15 · 32 units
About PALAZZETTO
PALAZZETTO is a freehold condominium, located at TANJONG RHU ROAD in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by HEETON INVESTMENTS PTE LTD, comprising 32 residential units, completed in 2003.
As a freehold property, PALAZZETTO does not face lease decay concerns.
Sales Market Overview
PALAZZETTO has recorded 5 sale transactions with an average transaction price of $1,336,400, ranging from $1,310,000 to $1,368,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,611 psf | $1,318,000 | — |
| 2022 | 3 | $1,636 psf | $1,338,667 | ↑ 1.6% |
| 2023 | 1 | $1,648 psf | $1,348,000 | ↑ 0.7% |
PALAZZETTO ranks in the top 38% of condos in District 15 by average PSF.
Compared to the RCR average of $2,049 psf, PALAZZETTO trades 20.3% below the segment benchmark.
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Rental Market Overview
PALAZZETTO has recorded 60 rental transactions with monthly rents averaging $3,377/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 60 | $3,377/mo | $2,250/mo | $4,900/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 11 | $2,564/mo |
| 2022 | 9 | $3,044/mo |
| 2023 | 17 | $3,624/mo |
| 2024 | 8 | $3,619/mo |
| 2025 | 13 | $3,765/mo |
| 2026 | 2 | $3,750/mo |
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Investment Analysis
Based on average rents and sale prices, PALAZZETTO delivers an estimated gross rental yield of 3.0%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 15
Side-by-side comparison against the most actively traded condos in District 15 (Joo Chiat, Amber Road, Katong):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | 1008 | $2,536 psf | 911 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | 846 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | 816 | $2,790 psf | 766 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | 638 | $2,466 psf | 641 |
| AMBER PARK | Freehold | 592 | $2,546 psf | 394 |
Location Map
Map shows PALAZZETTO (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALAZZETTO
- Katong Park MRT
- Mountbatten MRT
- Stadium MRT
- Dakota MRT
- Tanjong Katong MRT
- One World International School (Mountbatten)
- Geylang Methodist School (Primary)
- Geylang Methodist School (Secondary)
Nearby MRT Stations
PALAZZETTO is 230m from Katong Park MRT (Thomson-East Coast Line), with 6 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Katong Park | TE24 | Thomson-East Coast Line | 230m |
| Mountbatten | CC7 | Circle Line | 770m |
| Stadium | CC6 | Circle Line | 1.0 km |
| Dakota | CC8 | Circle Line | 1.2 km |
| Tanjong Katong | TE25 | Thomson-East Coast Line | 1.3 km |
| Tanjong Rhu | TE23 | Thomson-East Coast Line | 1.4 km |
Nearby Schools
There are 7 schools within 2 km of PALAZZETTO.
| School | Type | Distance |
|---|---|---|
| One World International School (Mountbatten) | International | 1.1 km |
| Geylang Methodist School (Primary) | Primary | 1.5 km |
| Geylang Methodist School (Secondary) | Secondary | 1.5 km |
| Tanjong Katong Primary School | Primary | 1.7 km |
| Haig Girls' School | Primary | 1.8 km |
| Tao Nan School | Primary | 1.9 km |
| Kong Hwa School | Primary | 1.9 km |
FAQ
What is the average price for PALAZZETTO?
What is the rental yield for PALAZZETTO?
Is PALAZZETTO freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 5 transactions analysed
- Rental data: 60 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for PALAZZETTO
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.