Palmera Residence
Palmera Residence is a freehold apartment in District 15 (Bedok) that obtained TOP in 2010, with 38 units across 1 block. Across 83 transactions on record, units have recently transacted around S$1.46M (S$1,246 psf, ~1,206 sqft). There are 5 units for sale from S$2.10M to S$2.50M.
What are the key facts about Palmera Residence?
Palmera Residence is a freehold apartment in District 15 (Bedok) that obtained TOP in 2010, with 38 units across 1 block.
- Tenure
- Freehold
- TOP / Completion
- 2010
- Developer
- WORLD CLASS CAPITAL (LN) PTE LTD
- Total units
- 38
- Blocks
- 1
- District / Area
- District 15 (Bedok)
- Market segment
- RCR
- Median PSF
- S$1,246 psf
- Last transacted
- Apr 2024
- Remaining lease
- Freehold
What is the price and PSF at Palmera Residence?
Units have recently transacted around S$1.46M (S$1,246 psf), at a gross rental yield of about 2.5% (URA caveat data).
Recent median price
S$1.46M
recent · 83 sales on record
Median PSF
S$1,246 psf
recent transactions
Median rent (monthly)
S$3,084
96 rentals on record
Gross rental yield
2.5%
indicative, gross
Units currently for sale are asking a median of S$1,415 psf — about 14% above the most recent transacted PSF.
Source: URA caveat data, through Apr 2024.
What has recently sold at Palmera Residence?
Palmera Residence has 83 recorded sales; the most recent transacted at S$2,450,000 in Apr 2024 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Apr 2024 | S$2,450,000 | 1,862 | S$1,316 psf |
| Mar 2024 | S$1,650,000 | 883 | S$1,869 psf |
| May 2023 | S$1,980,000 | 1,292 | S$1,533 psf |
| Dec 2022 | S$2,098,000 | 1,938 | S$1,083 psf |
| Sept 2022 | S$1,600,000 | 1,163 | S$1,376 psf |
| Jul 2022 | S$828,000 | 549 | S$1,508 psf |
| Jan 2022 | S$1,460,000 | 1,163 | S$1,256 psf |
| Aug 2021 | S$2,058,000 | 1,970 | S$1,045 psf |
| May 2021 | S$1,310,000 | 1,528 | S$857 psf |
| May 2020 | S$1,180,000 | 1,496 | S$789 psf |
| Mar 2020 | S$1,100,000 | 883 | S$1,246 psf |
| Mar 2020 | S$1,050,000 | 1,206 | S$871 psf |
83 sales and 96 rentals on record since Feb 2009. Source: URA.
Are prices at Palmera Residence rising?
The median transacted PSF at Palmera Residence has risen 40% over the past 14 years (2010–2024), from S$940 psf to S$1,316 psf (URA caveats).
| Year | Median PSF | Median price | Sales | YoY |
|---|---|---|---|---|
| 2024 | S$1,316 psf | S$1.65M | 2 | +4.8% |
| 2022 | S$1,256 psf | S$1.46M | 4 | +46.6% |
| 2021 | S$857 psf | S$1.31M | 2 | -1.6% |
| 2020 | S$871 psf | S$1.10M | 4 | -27.3% |
| 2018 | S$1,198 psf | S$1.07M | 5 | +8.1% |
| 2016 | S$1,108 psf | S$1.06M | 4 | -5.7% |
| 2014 | S$1,175 psf | S$750k | 2 | +47.8% |
| 2012 | S$795 psf | S$959k | 2 | -14.4% |
| 2011 | S$929 psf | S$1.18M | 9 | -1.2% |
| 2010 | S$940 psf | S$940k | 9 | — |
Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.
How many property agents are active around Palmera Residence?
9,526 CEA-registered agents closed at least one recorded deal in District 15 — where Palmera Residence sits — in the last 12 months, across all property types.
Active agents · 12mo
9,526
District 15 · closed ≥1 deal
Deals on record
60,896
all-time · all property types
Source: CEA public transaction records, attributed to District 15across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
What bedroom types are available at Palmera Residence?
Palmera Residence has 5 units listed for sale, spanning 3-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 3-bedroom | 5 | S$2.10M–S$2.50M | S$1,415 psf |
Where is Palmera Residence and what's nearby?
Palmera Residence is located in Bedok, in the East Region of Singapore.
Palmera Residence is a freehold apartment completed in 2010. It was developed by WORLD CLASS CAPITAL (LN) PTE LTD. The development has 38 residential units. It sits on a land area of 1,342 sqm and has a gross floor area of 1,879 sqm. The plot ratio is 1.4.
PALMERA RESIDENCE is located at 38 Lorong N Telok Kurau, Singapore 425163. It is part of District 15, Katong / Joo Chiat / Amber Road, Bedok. The project falls within the East Region and the RCR market segment.
The nearest rail connection is Marine Terrace MRT, approximately 529m away, around 8 minutes on foot. Nearby amenities include i12 Katong for shopping, NTUC Fairprice Co-operative Ltd for groceries, Blk 50A Marine Terrace for food options, and Telok Kurau Lorong N Pk for greenery and recreation. Facilities in the development include Barbeque Area, Basement car park, Gymnasium room, Jacuzzi, Playground, and Sauna.
Who built Palmera Residence and how big is the development?
Palmera Residence was developed by WORLD CLASS CAPITAL (LN) PTE LTD, with 38 units.
- Developer
- WORLD CLASS CAPITAL (LN) PTE LTD
- Blocks
- 1
- Land area
- 1,342 sqm (14,445 sqft)
- Gross floor area
- 1,879 sqm (20,225 sqft)
- Plot ratio
- 1.40
How far is Palmera Residence from MRT and schools?
The nearest MRT/LRT to Palmera Residence is Marine Terrace MRT, about 529 m away (~8 min walk). 6 schools are within 1 km, including 4 primary schools.
Getting around
- Marine Terrace MRT529 m · ~8 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Chij (Katong) PrimaryPrimary schoolwithin 1 km · P1 priority336 m
- Tao Nan SchoolPrimary schoolwithin 1 km · P1 priority470 m
- St. Patrick's SchoolSecondary schoolwithin 1 km729 m
- Chij Katong ConventSecondary schoolwithin 1 km735 m
- Ngee Ann Primary SchoolPrimary schoolwithin 1 km · P1 priority817 m
- Haig Girls' SchoolPrimary schoolwithin 1 km · P1 priority971 m
- Victoria Junior CollegeJunior college1.0 km
- St. Stephen's SchoolPrimary school1.2 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does Palmera Residence have?
Palmera Residence has 8 facilities, including Barbeque Area, Basement car park, Gymnasium room, Jacuzzi, and more.
What does it cost to own a unit at Palmera Residence?
Buying a unit at Palmera Residence (~S$1.46M) needs about S$10,688/mo in income and S$4,917/mo in repayments, after S$43,000 stamp duty and a S$365k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.46M) 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$43,000
BSD, tiered
Downpayment (25%)
S$365k
cash + CPF
Monthly instalment
S$4,917/mo
30y @ 3.5%
Income required
S$10,688/mo
TDSR @ stress rate
Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →
Thinking about Palmera Residence? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Palmera Residence's own transactions.
PropKakiRecent units at Palmera Residence sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Palmera Residence
How much does a unit at Palmera Residence cost?⌄
Units at Palmera Residence have recently transacted around S$1.46M (S$1,246 psf), from 83 sales on record (URA caveats). The exact price depends on size, floor and facing.
How much do I need to earn to buy at Palmera Residence?⌄
For a unit around S$1.46M as a first home, you'd need roughly S$10,688/mo in income (assessed at the stress-test rate), with repayments near S$4,917/mo after a S$365k (25%) downpayment and S$43,000 Buyer's Stamp Duty.
Is Palmera Residence a good investment?⌄
Gross rental yield is about 2.5%, and current asking prices sit about 14% above the most recent transacted PSF; median PSF has risen about 40% since 2010. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.
Are prices at Palmera Residence going up?⌄
The median transacted PSF at Palmera Residence has risen about 40% between 2010 and 2024, based on URA caveats. Year-by-year figures are in the price-trend table above.
Is Palmera Residence freehold or leasehold?⌄
Palmera Residence is freehold — ownership does not expire.
When was Palmera Residence built and who developed it?⌄
Palmera Residence obtained TOP in 2010, developed by WORLD CLASS CAPITAL (LN) PTE LTD, with 38 units across 1 block.
How many units are for sale at Palmera Residence?⌄
There are 5 units for sale at Palmera Residence, from S$2.10M to S$2.50M.
What is the nearest MRT to Palmera Residence?⌄
The nearest MRT/LRT station to Palmera Residence is Marine Terrace MRT, about 529 m away (~8 min walk).
Which primary schools are within 1 km of Palmera Residence?⌄
Chij (Katong) Primary, Tao Nan School, Ngee Ann Primary School, Haig Girls' School are within 1 km of Palmera Residence — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.