Palmera Residence
Located in District 15 (Joo Chiat, Amber Road, Katong), Palmera Residence is a freehold condominium in the Outside Central Region (OCR). The development was completed in 2011 and comprises 38 units. Sale and rental figures on this page are compiled from URA transaction records.
PALMERA RESIDENCE
Over the 12 months to Apr 2024, Palmera Residence recorded 7 rental contracts at a median $4,000/mo. Source: URA caveat data, as of Apr 2024.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Apr-24 | $2,450,000 | $1,316 psf | 1,862 sqft | 01 to 05 | 4BR |
| Mar-24 | $1,650,000 | $1,869 psf | 883 sqft | 01 to 05 | 2BR |
| May-23 | $1,980,000 | $1,533 psf | 1,292 sqft | 01 to 05 | 3BR |
| Dec-22 | $2,098,000 | $1,083 psf | 1,938 sqft | 01 to 05 | 5BR |
| Sep-22 | $1,600,000 | $1,376 psf | 1,163 sqft | 01 to 05 | 3BR |
| Jul-22 | $828,000 | $1,508 psf | 549 sqft | 01 to 05 | 1BR |
| Jan-22 | $1,460,000 | $1,256 psf | 1,163 sqft | 01 to 05 | 3BR |
| Aug-21 | $2,058,000 | $1,045 psf | 1,970 sqft | 01 to 05 | 5BR |
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.