Palazzetto
Palazzetto is a freehold condominium in District 15 (Joo Chiat, Amber Road, Katong), within Singapore's Rest of Central Region (RCR). Completed in 2003, the development comprises 32 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
PALAZZETTO is a freehold condominium at TANJONG RHU ROAD in District 15 (RCR), developed by HEETON INVESTMENTS PTE LTD, comprising 32 units, completed in 2003.
Location & Connectivity
PALAZZETTO is approximately 230m from Katong Park MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Katong Park | Thomson-East Coast Line | 230m |
| Mountbatten | Circle Line | 770m |
| Stadium | Circle Line | 1 km |
| Dakota | Circle Line | 1.2 km |
| Tanjong Katong | Thomson-East Coast Line | 1.3 km |
| Tanjong Rhu | Thomson-East Coast Line | 1.4 km |
Schools & Education
8 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| One World International School (Mountbatten) | International | 1.1 km |
| Olympiad International School | International | 1.3 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 |
Market Position
PALAZZETTO has recorded 5 sales at an average price of $1,336,400.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,611 psf | — |
| 2022 | 3 | $1,636 psf | ↑ 1.6% |
| 2023 | 1 | $1,648 psf | ↑ 0.7% |
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PALAZZETTO prices sit at a fresh series high after a 0.7% gain on the prior period, now 2.3% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 15 reads 110.5 as of June 2026 — down 9.3% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | $2,536 psf | 913 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | $2,790 psf | 783 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | $2,467 psf | 645 |
| AMBER PARK | Freehold | $2,549 psf | 397 |
What Could Work Against You
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 32 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
The profile fits car-owning households, sports / active lifestyle, long-term hold (10+ yr) and freehold / generational hold best. Parking and arterial road access matter more here than walking-distance MRT.
For mrt-walkable commuters and quiet sanctuary seekers, it can work — but weigh the trade-offs before committing.
It is a weaker fit for families with young children and yield-focused investors — other options likely serve them better. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
Verdict
PALAZZETTO is a freehold development in District 15 (RCR), with 32 units, offering a gross yield of 3.0%.
Explore the full PALAZZETTO dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALAZZETTO against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (120m away), an upgrader gap of about $450,000
- Geylang — 4-room average $761,443 (740m away), an upgrader gap of about $550,000
FAQ
What is the average PSF for PALAZZETTO?
Is PALAZZETTO freehold?
What is the rental yield for PALAZZETTO?
Which MRT is nearest to PALAZZETTO?
Sources & Next Steps
- PALAZZETTO Dashboard — Live charts and analytics
- URA — Official transaction data
- District 15 (Joo Chiat, Amber Road, Katong) — District 15 neighbourhood guide
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
- Rental data: 62 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Oct 2023 · 5 records analysed · Source: URA private-sale caveats