We track 6 sales and 21 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALM LOFT dashboard.
- Average sale price: $1,462,167 across 6 transactions
- Estimated gross rental yield: 2.7%
- District 15 PSF ranking: Value tier (top 89%)
- Freehold tenure · RCR · D15 · 16 units
About PALM LOFT
PALM LOFT is a freehold condominium, located at JOO CHIAT TERRACE in District 15 (Joo Chiat, Amber Road, Katong) (Rest of Central Region), developed by WORLD CLASS LAND PTE LTD, comprising 16 residential units, completed in 2009.
As a freehold property, PALM LOFT does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at PALM LOFT:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 2 | $1,375 psf | $947,500 |
| 3 BR | 1 | $1,126 psf | $1,200,000 |
| 4 BR | 3 | $1,191 psf | $1,892,667 |
Sales Market Overview
PALM LOFT has recorded 6 sale transactions with an average transaction price of $1,462,167, ranging from $870,000 to $2,128,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,083 psf | $1,400,000 | — |
| 2022 | 1 | $1,263 psf | $870,000 | ↑ 16.6% |
| 2023 | 1 | $1,488 psf | $1,025,000 | ↑ 17.8% |
| 2024 | 1 | $1,267 psf | $2,128,000 | ↓ 14.8% |
| 2025 | 1 | $1,267 psf | $1,950,000 | ↓ 0.0% |
PALM LOFT ranks in the top 89% of condos in District 15 by average PSF.
Compared to the RCR average of $2,049 psf, PALM LOFT trades 39.4% below the segment benchmark.
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Rental Market Overview
PALM LOFT has recorded 21 rental transactions with monthly rents averaging $3,293/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 16 | $2,972/mo | $2,200/mo | $3,700/mo |
| 3 BR | 5 | $4,320/mo | $3,900/mo | $4,600/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 3 | $2,300/mo |
| 2022 | 5 | $2,960/mo |
| 2023 | 3 | $3,567/mo |
| 2024 | 3 | $3,533/mo |
| 2025 | 5 | $3,610/mo |
| 2026 | 2 | $4,050/mo |
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Investment Analysis
Based on average rents and sale prices, PALM LOFT delivers an estimated gross rental yield of 2.7%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
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 PALM LOFT (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALM LOFT
- Eunos MRT
- Paya Lebar MRT
- Paya Lebar MRT
- Kembangan MRT
- Marine Parade MRT
- Canossa Catholic Primary School
- Tanjong Katong Girls'
- Canadian International School (Tanjong Katong)
Nearby MRT Stations
PALM LOFT is 580m from Eunos MRT (East-West Line), with 6 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Eunos | EW7 | East-West Line | 580m |
| Paya Lebar | EW8 | East-West Line | 1.2 km |
| Paya Lebar | CC9 | Circle Line | 1.2 km |
| Kembangan | EW6 | East-West Line | 1.3 km |
| Marine Parade | TE26 | Thomson-East Coast Line | 1.4 km |
| Marine Terrace | TE27 | Thomson-East Coast Line | 1.4 km |
Nearby Schools
There are 13 schools within 2 km of PALM LOFT, including 7 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Canossa Catholic Primary School | Primary | 350m |
| Tanjong Katong Girls' School | Secondary | 710m |
| Canadian International School (Tanjong Katong) | International | 780m |
| Broadrick Secondary School | Secondary | 800m |
| EtonHouse International School (Broadrick) | International | 800m |
| Tao Nan School | Primary | 990m |
| Haig Girls' School | Primary | 990m |
| CHIJ (Katong) Primary | Primary | 1.1 km |
| Tanjong Katong Primary School | Primary | 1.1 km |
| Telok Kurau Primary School | Primary | 1.1 km |
| Kong Hwa School | Primary | 1.5 km |
| Geylang Methodist School (Secondary) | Secondary | 1.8 km |
FAQ
What is the average price for PALM LOFT?
What is the rental yield for PALM LOFT?
Is PALM LOFT 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: 6 transactions analysed
- Rental data: 21 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 PALM LOFT
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.