We track 9 sales and 29 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALMERA RESIDENCE dashboard.
- Average sale price: $1,714,889 across 9 transactions
- Estimated gross rental yield: 2.5%
- District 15 PSF ranking: Value tier (top 80%)
- Freehold tenure · OCR · D15 · 38 units
About PALMERA RESIDENCE
PALMERA RESIDENCE is a freehold condominium, located at LORONG N TELOK KURAU in District 15 (Joo Chiat, Amber Road, Katong) (Outside Central Region), developed by WORLD CLASS CAPITAL (LN) PTE LTD, comprising 38 residential units, completed in 2011.
As a freehold property, PALMERA RESIDENCE does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at PALMERA RESIDENCE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 1 | $1,508 psf | $828,000 |
| 2 BR | 1 | $1,869 psf | $1,650,000 |
| 3 BR | 3 | $1,388 psf | $1,680,000 |
| 4 BR | 2 | $1,086 psf | $1,880,000 |
| 5+ BR | 2 | $1,064 psf | $2,078,000 |
Sales Market Overview
PALMERA RESIDENCE has recorded 9 sale transactions with an average transaction price of $1,714,889, ranging from $828,000 to $2,450,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $951 psf | $1,684,000 | — |
| 2022 | 4 | $1,306 psf | $1,496,500 | ↑ 37.3% |
| 2023 | 1 | $1,533 psf | $1,980,000 | ↑ 17.4% |
| 2024 | 2 | $1,593 psf | $2,050,000 | ↑ 3.9% |
PALMERA RESIDENCE ranks in the top 80% of condos in District 15 by average PSF.
Compared to the OCR average of $1,550 psf, PALMERA RESIDENCE trades 15.1% below the segment benchmark.
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Rental Market Overview
PALMERA RESIDENCE has recorded 29 rental transactions with monthly rents averaging $3,576/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 6 | $2,592/mo | $2,000/mo | $3,100/mo |
| 2 BR | 10 | $3,845/mo | $2,350/mo | $5,000/mo |
| 3 BR | 11 | $3,773/mo | $2,600/mo | $4,600/mo |
| 4 BR | 2 | $4,100/mo | $3,800/mo | $4,400/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 7 | $2,836/mo |
| 2022 | 6 | $3,225/mo |
| 2023 | 5 | $3,960/mo |
| 2024 | 3 | $4,067/mo |
| 2025 | 5 | $3,960/mo |
| 2026 | 3 | $4,233/mo |
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Investment Analysis
Based on average rents and sale prices, PALMERA RESIDENCE delivers an estimated gross rental yield of 2.5%. 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 PALMERA RESIDENCE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALMERA RESIDENCE
- Marine Terrace MRT
- Marine Parade MRT
- Kembangan MRT
- Eunos MRT
- Telok Kurau Primary School
- Canadian International School (Tanjong Katong)
- Tanjong Katong Girls'
Nearby MRT Stations
PALMERA RESIDENCE is 400m from Marine Terrace MRT (Thomson-East Coast Line), with 4 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Marine Terrace | TE27 | Thomson-East Coast Line | 400m |
| Marine Parade | TE26 | Thomson-East Coast Line | 970m |
| Kembangan | EW6 | East-West Line | 1.3 km |
| Eunos | EW7 | East-West Line | 1.5 km |
Nearby Schools
There are 13 schools within 2 km of PALMERA RESIDENCE, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 430m |
| Canadian International School (Tanjong Katong) | International | 1.2 km |
| Tanjong Katong Girls' School | Secondary | 1.2 km |
| CHIJ (Katong) Primary | Primary | 1.2 km |
| Broadrick Secondary School | Secondary | 1.3 km |
| EtonHouse International School (Broadrick) | International | 1.3 km |
| Chung Cheng High School (Main) | Secondary | 1.3 km |
| Canossa Catholic Primary School | Primary | 1.4 km |
| Tao Nan School | Primary | 1.5 km |
| East Coast Primary School | Primary | 1.5 km |
| Global Indian International School (GIIS East Coast) | International | 1.5 km |
| Tanjong Katong Primary School | Primary | 1.6 km |
FAQ
What is the average price for PALMERA RESIDENCE?
What is the rental yield for PALMERA RESIDENCE?
Is PALMERA RESIDENCE 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: 9 transactions analysed
- Rental data: 29 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 PALMERA RESIDENCE
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