Palmera Residence
Palmera Residence is a freehold apartment development in District 15 (Marine Parade / Katong / Joo Chiat). It has 8 recorded private transactions. Latest sale: $2,450,000 (Apr 2024, 173 sqm, floors 01-05). Median $1,346/sqft. Prices up 22.1% over the period.
Where Palmera Residence ranks in District 15
All 274 projects ›Median psf over time
Estimate a unit at Palmera Residence
Based on URA transactions for this development. Pick a floor band and unit size.
Freehold development — no lease decay applied. Projection is pure market growth. Past growth does not guarantee future performance. Not financial advice.
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Apr 2024 | 01-05 | Resale | 173 sqm | $2,450,000 | $1,316 |
| Mar 2024 | 01-05 | Resale | 82 sqm | $1,650,000 | $1,869 |
| May 2023 | 01-05 | Resale | 120 sqm | $1,980,000 | $1,533 |
| Dec 2022 | 01-05 | Resale | 180 sqm | $2,098,000 | $1,083 |
| Sep 2022 | 01-05 | Resale | 108 sqm | $1,600,000 | $1,376 |
| Jul 2022 | 01-05 | Resale | 51 sqm | $828,000 | $1,508 |
| Jan 2022 | 01-05 | Resale | 108 sqm | $1,460,000 | $1,256 |
| Aug 2021 | 01-05 | Resale | 183 sqm | $2,058,000 | $1,045 |
Palmera Residence is inside the 1 km Primary 1 priority zone for 4 primary schools. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.
- This home
- School within 1 km
- School 1–2 km
- 1km ring, top priority
- 2km ring, next tier
Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.
Private condos and apartments closest to Palmera Residence, with their median resale psf. Useful for comparing what Palmera Residence costs per square foot against nearby developments.
About Palmera Residence
Palmera Residence in District 15 (Marine Parade / Katong / Joo Chiat) is a freehold apartment development in the Outside Central Region, a tenure that holds value without lease-decay drag. Its $1,346 psf median sits about 18% below the District 15 median, cheaper than about 86% of projects there. It has a relatively light transaction record, with 8 sales between 2021-08 and 2024-04, ranging from $828,000 to $2,450,000. The most recent transaction was a 173 sqm unit (floors 01-05) at $2,450,000 in Apr 2024, and the median is $1,346 psf. Over the data window, prices here are up about 22.1% (about 7.8% a year). All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Palmera Residence cost?
The most recent transaction at Palmera Residence was $2,450,000 for a 173 sqm unit in 2024-04. The median price is $1,346 per square foot across 8 transactions, ranging from $828,000 to $2,450,000. Data sourced from URA.
Is Palmera Residence freehold or leasehold?
Palmera Residence is freehold development, so it is not subject to meaningful lease decay.
What is the price per square foot (psf) at Palmera Residence?
The median price at Palmera Residence is $1,346 psf, with transactions ranging from $1,045 to $1,869 psf. This is based on 8 URA-recorded transactions in District 15.
Have prices at Palmera Residence gone up or down?
Prices at Palmera Residence have increased by approximately 22.1% over the data period (around 7.8% a year). The median price is currently $1,346 psf, with the most recent sale at $2,450,000 in 2024-04.