Palm Residence

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

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Sale Price *

Average
S$ 757 psf
Range
S$ 757 - 757 psf

Rental Price **

Average
S$ 3.0 psf pm
Range
S$ 2.2 - 3.7 psf pm

Rental Yield **

4.8%

Rental income expressed as a percentage of the property's value.

Amenities

2.6
2.6

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Palm Residence is a freehold apartment completed in 2004. It is developed by U-ASIA PTE LTD. The development occupies a land area of 1,892 sqm and a Gross Floor Area of 3,764 sqm. It consists of 32 units. According to records, buyers of this development are Singaporean 92.6%, PR 7.4%, Foreigner 0.0%, Company 0.0%.

PALM RESIDENCE is located along Jalan Rajawali in Bukit Timah, in District 21. It is accessible through the nearest MRTs including Beauty World DT5 and King Albert Park DT6.

Based on transaction data in the last 12 months, sale prices range from S$ 757 psf to S$ 757 psf at an average of S$ 757 psf. Its highest recorded transaction was S$ 1,059 psf in Aug 2017 for a 1,227-sqft unit. Its lowest recorded transaction was S$ 310 psf in Nov 2004 for a 2,906-sqft unit. Its current rental yield is at 4.8%. Other nearby amenities include: 3 Grocerie(s): SEOUL BUTCHERY PTE. LTD., LOTTE MART PTE. LTD., COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): COURTS BUKIT TIMAH, BUKIT TIMAH SHOPPING CENTRE, BEAUTY WORLD PLAZA.

Buyers and tenants are attracted to District 21, which comprises of Upper Bukit Timah, Ulu Pandan and Clementi Park. Homes at these areas are generally nestled in the green enclave of Bukit Timah Nature Reserves and Bukit Batok Town Park. District 21 is served by Clementi MRT station of the East-West Line, as well as Beauty World, Hillview, Cashew and Bukit Panjang MRT stations of the Downtown Line. Accessibility to other parts of Singapore is also enhanced due to its close proximity to the Pan-Island Expressway. As one of the oldest HDB towns in Singapore, Clementi has grown into a vibrant town with many tertiary educational institutions, such as the National University of Singapore. Clementi Town centre, a mixed-use development in the heart of Clementi, comprises of a shopping mall, an air-conditioned bus interchange, a public library and two 40-storey residential buildings. Other major amenities here include the 12ha Clementi Woods Park, the Clementi Sports Hall and Clementi Swimming Complex.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

TransportTransport
SchoolSchool
Eat & ShopEat & Shop
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Floor Plans
7
3
1

PALM RESIDENCE - 7 - 3 - 1

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of PALM RESIDENCE (Limited to 10)

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Area(sqft)
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Source

Asking Price of PALM RESIDENCE

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of PALM RESIDENCE

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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