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.
Overview & Key Facts
PALMERA RESIDENCE is a freehold condominium at LORONG N TELOK KURAU in District 15 (OCR), developed by WORLD CLASS CAPITAL (LN) PTE LTD, comprising 38 units, completed in 2011.
Location & Connectivity
PALMERA RESIDENCE is approximately 400m from Marine Terrace MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Marine Terrace | Thomson-East Coast Line | 400m |
| Marine Parade | Thomson-East Coast Line | 970m |
| Kembangan | East-West Line | 1.3 km |
| Eunos | East-West Line | 1.5 km |
Schools & Education
13 schools within 2 km (1 within 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 |
Unit Mix & Pricing
| 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 |
Market Position
PALMERA RESIDENCE has recorded 9 sales at an average price of $1,714,889.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at PALMERA RESIDENCE typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 1 BR | $2,621/mo | $828,000 | 3.80% | $317/mo |
| 2 BR | $3,845/mo | $1,650,000 | 2.80% | $233/mo |
| 3 BR | $3,773/mo | $1,680,000 | 2.70% | $225/mo |
| 4 BR | $4,100/mo | $1,880,000 | 2.62% | $218/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $951 psf | — |
| 2022 | 4 | $1,306 psf | ↑ 37.3% |
| 2023 | 1 | $1,533 psf | ↑ 17.4% |
| 2024 | 2 | $1,593 psf | ↑ 3.9% |
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The latest reading marks the highest point in this series — PALMERA RESIDENCE prices have climbed 67.5% since 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
- With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 38-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
The profile fits multi-generational families, mrt-walkable commuters, long-term hold (10+ yr) and freehold / generational hold best. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
For yield-focused investors and heavy renovation / value seekers, it can work — but weigh the trade-offs before committing.
It is a weaker fit for short-term flippers (<5 yr) and resort facilities — other options likely serve them better. TOP 2011 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
Verdict
PALMERA RESIDENCE is a freehold development in District 15 (OCR), with 38 units, offering a gross yield of 2.5%.
Explore the full PALMERA RESIDENCE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALMERA RESIDENCE against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (440m away), an upgrader gap of about $1,050,000
- Geylang — 4-room average $761,443 (1.4 km away), an upgrader gap of about $950,000
- Bedok — 4-room average $659,895 (1.5 km away), an upgrader gap of about $1,050,000
FAQ
What is the average PSF for PALMERA RESIDENCE?
Is PALMERA RESIDENCE freehold?
What is the rental yield for PALMERA RESIDENCE?
Which MRT is nearest to PALMERA RESIDENCE?
Sources & Next Steps
- PALMERA RESIDENCE 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: 9 transactions
- Rental data: 30 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2024 · 9 records analysed · Source: URA private-sale caveats