Palm Loft
Palm Loft is a freehold condominium in District 15 (Joo Chiat, Amber Road, Katong), within Singapore's Rest of Central Region (RCR). The development was completed in 2009 and comprises 16 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
PALM LOFT is a freehold condominium at JOO CHIAT TERRACE in District 15 (RCR), developed by WORLD CLASS LAND PTE LTD, comprising 16 units, completed in 2009.
Location & Connectivity
PALM LOFT is approximately 580m from Eunos MRT station, with 6 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Eunos | East-West Line | 580m |
| Paya Lebar | East-West Line | 1.2 km |
| Paya Lebar | Circle Line | 1.2 km |
| Kembangan | East-West Line | 1.3 km |
| Marine Parade | Thomson-East Coast Line | 1.4 km |
| Marine Terrace | Thomson-East Coast Line | 1.4 km |
Schools & Education
13 schools within 2 km (7 within 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 |
Unit Mix & Pricing
| 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 |
Market Position
PALM LOFT has recorded 6 sales at an average price of $1,462,167.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $1,083 psf | — |
| 2022 | 1 | $1,263 psf | ↑ 16.6% |
| 2023 | 1 | $1,488 psf | ↑ 17.8% |
| 2024 | 1 | $1,267 psf | ↓ 14.8% |
| 2025 | 1 | $1,267 psf | ↓ 0.0% |
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PALM LOFT prices have cooled 14.9% from the 2023 peak, yet remain 17.0% above where the series began in 2021.
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 16 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, long-term hold (10+ yr), freehold / generational hold and boutique low-density (<100 units) best. At ~580m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
yield-focused investors, short-term flippers (<5 yr) and resort facilities should probably look elsewhere. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
PALM LOFT is a freehold development in District 15 (RCR), with 16 units, offering a gross yield of 2.7%.
At ~$1,267 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full PALM LOFT dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALM LOFT against staying public? These HDB towns sit within walking or short-drive distance:
- Geylang — 4-room average $761,443 (360m away), an upgrader gap of about $700,000
- Bedok — 4-room average $659,895 (1.3 km away), an upgrader gap of about $800,000
- Marine Parade — 4-room average $648,065 (1.3 km away), an upgrader gap of about $800,000
FAQ
What is the average PSF for PALM LOFT?
Is PALM LOFT freehold?
What is the rental yield for PALM LOFT?
Which MRT is nearest to PALM LOFT?
Sources & Next Steps
- PALM LOFT 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: 6 transactions
- Rental data: 22 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2025 · 6 records analysed · Source: URA private-sale caveats