Palm Residence
Palm Residence is a freehold apartment in District 21 (Bukit Timah) that obtained TOP in 2004, with 32 units across 1 block. Across 28 transactions on record, units have recently transacted around S$900k (S$640 psf, ~1,141 sqft).
| Tenure | Freehold |
|---|---|
| TOP year | 2004 |
| Developer | U-ASIA PTE LTD |
| Units | 32 in 1 block |
| District and area | District 21 · Bukit Timah · OCR |
| Nearest MRT | Beauty World MRT, 769 m (~12 min walk) |
| Latest median psf | S$640 psf, last 12 URA caveats to Jan 2025 |
What's for sale and for rent at Palm Residence?
No units at Palm Residence are listed for sale or for rent on the property portals PropKaki tracks right now.
Recorded sale prices are in the sections below. Search listings across Singapore →
What are the floor plans and unit sizes at Palm Residence?
Floor plans for Palm Residence aren't in PropKaki's library yet. Across 28 URA caveats, units range from 1,023 sqft to 2,906 sqft, and the middle half are 1,033 sqft to 1,227 sqft.
Check the Floor Plan Finder for Palm Residence →
Unit sizes from URA caveats.
What is the price and PSF at Palm Residence?
Units have recently transacted around S$900k (S$640 psf), at a gross rental yield of about 3.5% (URA caveat data).
Recent median price
S$900k
recent · 28 sales on record
Median PSF
S$640 psf
recent transactions
Median rent (monthly)
S$2,603
186 rentals on record
Gross rental yield
3.5%
indicative, gross
Source: URA caveat data, through Jan 2025.
What has recently sold at Palm Residence?
Palm Residence has 28 recorded sales; the most recent transacted at S$1,890,000 in Jan 2025 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Jan 2025 | S$1,890,000 | 1,227 | S$1,540 psf |
| Sept 2021 | S$2,200,000 | 2,906 | S$757 psf |
| Aug 2017 | S$1,300,000 | 1,227 | S$1,059 psf |
| Jan 2015 | S$900,000 | 1,033 | S$871 psf |
| Jan 2013 | S$900,000 | 1,033 | S$871 psf |
| Sept 2011 | S$1,000,000 | 1,227 | S$815 psf |
| Jul 2007 | S$730,000 | 1,141 | S$640 psf |
| Dec 2005 | S$580,000 | 1,141 | S$508 psf |
| Dec 2004 | S$572,000 | 1,023 | S$559 psf |
| Nov 2004 | S$608,000 | 1,033 | S$588 psf |
| Nov 2004 | S$608,000 | 1,033 | S$588 psf |
| Nov 2004 | S$900,000 | 2,906 | S$310 psf |
28 sales and 186 rentals on record since Jul 2004. Source: URA.
Is Palm Residence a good investment?
Palm Residence has only 7 resales on record, too few to judge on its own. Across District 21, 78% of 11,439 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 24% over a median 7.3-year hold (URA caveats, before costs). Its gross rental yield is about 3.5%. Past resale results don't predict future returns, and this is not financial advice.
District 21 sold for more
78%
of 11,439 private resales
Median gain
24%
gross, before costs
Median hold
7.3 years
bought to resold
Palm Residence has fewer than 10 matched resales, so the figures are for District 21 as a whole. Check the odds for your unit size and holding period →
Where is Palm Residence and what's nearby?
Palm Residence is located in Bukit Timah, in the Central Region of Singapore.
Palm Residence is a freehold apartment completed in 2004. It was developed by U-ASIA PTE LTD. The development has 32 residential units. It sits on a land area of 1,892 sqm and has a gross floor area of 3,764 sqm. The plot ratio is 1.99.
PALM RESIDENCE is located at 7 Jalan Rajawali, Singapore 598429. It is part of District 21, Upper Bukit Timah / Clementi Park / Ulu Pandan, Bukit Timah. The project falls within the Central Region and the OCR market segment.
The nearest rail connection is Beauty World MRT, approximately 769m away, around 12 minutes on foot. Nearby amenities include Kap Mall for shopping, ZAC MEAT & POULTRY PTE LTD for groceries, Bukit Timah Market for food options, and Jalan Tekukor Playground for greenery and recreation. Facilities in the development include Barbeque Area, Gymnasium room, Open car park, Sauna, 24 hours security, and Swimming pool.
How far is Palm Residence from MRT and schools?
The nearest MRT/LRT to Palm Residence is Beauty World MRT, about 769 m away (~12 min walk). 2 schools are within 1 km, including 2 primary schools.
Getting around
- Beauty World MRT769 m · ~12 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Bukit Timah Primary SchoolPrimary schoolwithin 1 km · P1 priority714 m
- Pei Hwa Presbyterian Primary SchoolPrimary schoolwithin 1 km · P1 priority963 m
- Keming Primary SchoolPrimary school1.4 km
- Bukit View Primary SchoolPrimary school1.7 km
- Bukit View Secondary SchoolSecondary school1.9 km
- Methodist Girls' School (Primary)Primary school2.0 km
- Methodist Girls' School (Secondary)Secondary school2.0 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
Who built Palm Residence and how big is the development?
Palm Residence was developed by U-ASIA PTE LTD, with 32 units.
- Developer
- U-ASIA PTE LTD
- Blocks
- 1
- Land area
- 1,892 sqm (20,365 sqft)
- Gross floor area
- 3,764 sqm (40,515 sqft)
- Plot ratio
- 1.99
What facilities does Palm Residence have?
Palm Residence has 6 facilities, including Barbeque Area, Gymnasium room, Open car park, Sauna, and more.
What does it cost to own a unit at Palm Residence?
Buying a unit at Palm Residence (~S$900k) needs about S$6,588/mo in income and S$3,031/mo in repayments, after S$21,600 stamp duty and a S$225k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$900k) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$21,600
BSD, tiered
Downpayment (25%)
S$225k
cash + CPF
Monthly instalment
S$3,031/mo
30y @ 3.5%
Income required
S$6,588/mo
TDSR @ stress rate
How many property agents are active around Palm Residence?
6,634 CEA-registered agents closed at least one recorded deal in District 21 — where Palm Residence sits — in the last 12 months, across all property types.
Active agents · 12mo
6,634
District 21 · closed ≥1 deal
Deals on record
27,098
all-time · all property types
Source: CEA public transaction records, attributed to District 21 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
Thinking about Palm Residence? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Palm Residence's own transactions.
PropKakiRecent units at Palm Residence sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Palm Residence
Is Palm Residence freehold?⌄
Yes. Palm Residence is freehold, so ownership does not run out.
How old is Palm Residence?⌄
Palm Residence was completed (obtained TOP) in 2004, so it is about 22 years old.
Is Palm Residence a good investment?⌄
Palm Residence has only 7 resales on record, too few to judge on its own. Across District 21, 78% of 11,439 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 24% over a median 7.3-year hold (URA caveats, before costs). Its gross rental yield is about 3.5%. Past resale results don't predict future returns, and this is not financial advice.
Is Palm Residence an EC?⌄
No. Palm Residence is a private apartment development, not an executive condominium (EC).
Who is the developer of Palm Residence?⌄
Palm Residence was developed by U-ASIA PTE LTD.
What is the price of a condo at Palm Residence?⌄
Units at Palm Residence have recently sold for around S$900k (S$640 psf), the median of the last 12 URA caveats to Jan 2025. The price depends on size, floor and facing.
Where is Palm Residence located?⌄
Palm Residence is at 7 Jalan Rajawali, Singapore 598429, in Bukit Timah (District 21). The nearest MRT station is Beauty World MRT, about 769 m away.
How many units are there in Palm Residence?⌄
Palm Residence has 32 units in 1 block.
How much do I need to earn to buy at Palm Residence?⌄
For a unit around S$900k as a first home, you'd need roughly S$6,588/mo in income (assessed at the stress-test rate), with repayments near S$3,031/mo after a S$225k (25%) downpayment and S$21,600 Buyer's Stamp Duty.
Which primary schools are within 1 km of Palm Residence?⌄
Bukit Timah Primary School, Pei Hwa Presbyterian Primary School are within 1 km of Palm Residence. Homes within 1 km of a primary school get priority in Primary 1 (P1) registration.