Palm Residence
Palm Residence is a freehold condominium located in District 21 (Upper Bukit Timah, Ulu Pandan, Clementi Park), part of the Rest of Central Region (RCR). Completed in 2005, the development comprises 32 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
PALM RESIDENCE is a freehold condominium at JALAN RAJAWALI in District 21 (RCR), developed by U-ASIA PTE LTD, comprising 32 units, completed in 2005.
Location & Connectivity
PALM RESIDENCE is approximately 830m from Beauty World MRT station, with 2 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Beauty World | Downtown Line | 830m |
| Hume | Downtown Line | 1.2 km |
Schools & Education
5 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| Anglo-Chinese Junior College | JC | 1.1 km |
| Ngee Ann Polytechnic | Tertiary | 1.4 km |
| Henry Park Primary School | Primary | 1.7 km |
| Bukit View Primary School | Primary | 1.8 km |
| Singapore University of Social Sciences | Tertiary | 1.8 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 1 | $1,540 psf | $1,890,000 |
| 5+ BR | 1 | $757 psf | $2,200,000 |
Market Position
PALM RESIDENCE has recorded 2 sales at an average price of $2,045,000.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $757 psf | — |
| 2025 | 1 | $1,540 psf | ↑ 103.5% |
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Price Index Check
The ShiokNest Price Index for District 21 reads 114.2 as of June 2026 — down 7.7% 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 |
|---|---|---|---|
| THE RESERVE RESIDENCES | 99 yrs lease commencing from 2021 | $2,494 psf | 723 |
| NAVA GROVE | 99 yrs lease commencing from 2024 | $2,493 psf | 550 |
| PINETREE HILL | 99 yrs lease commencing from 2022 | $2,486 psf | 519 |
| KI RESIDENCES AT BROOKVALE | 999 yrs lease commencing from 1885 | $1,956 psf | 486 |
| FORETT@BUKIT TIMAH | Freehold | $2,131 psf | 358 |
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
This is a strong match for car-owning households, international school families, nature / park-fronting and long-term hold (10+ yr). Parking and arterial road access matter more here than walking-distance MRT.
en-bloc speculators should treat this as a shortlist candidate, not a default choice.
yield-focused investors should probably look elsewhere. RCR (Rest of Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
PALM RESIDENCE is a freehold development in District 21 (RCR), with 32 units, offering a gross yield of 2.1%.
At ~$1,540 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full PALM RESIDENCE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALM RESIDENCE against staying public? These HDB towns sit within walking or short-drive distance:
- Bukit Timah — 4-room average $846,049 (540m away), an upgrader gap of about $1,200,000
- Central Area — 4-room average $1,088,814 (570m away), an upgrader gap of about $950,000
- Bukit Batok — 4-room average $626,224 (970m away), an upgrader gap of about $1,400,000
FAQ
What is the average PSF for PALM RESIDENCE?
Is PALM RESIDENCE freehold?
What is the rental yield for PALM RESIDENCE?
Which MRT is nearest to PALM RESIDENCE?
Sources & Next Steps
- PALM RESIDENCE Dashboard — Live charts and analytics
- URA — Official transaction data
- District 21 (Upper Bukit Timah, Ulu Pandan, Clementi Park) — District 21 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: 2 transactions
- Rental data: 57 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jan 2025 · 2 records analysed · Source: URA private-sale caveats