Palm Isles

Palm Isles is a leasehold (99 yrs from 2011, 99 years leasehold) condominium completed in 2015. It is developed by FCL BOON LAY PTE LTD and designed by ONG & ONG PTE LTD. The development occupies a land area of 26,818 sqm and a Gross Floor Area of 37,545 sqm. It consists of 429 units. According to records, buyers of this development are Singaporean 75.8%, PR 22.0%, Foreigner 2.1%, Company 0.0%.

PALM ISLES is located along Flora Drive in Pasir Ris, in District 17. It is accessible through the nearest MRTs including Tampines East DT33 and Pasir Ris East CR4.

Based on transaction data in the last 12 months, sale prices range from S$ 912 psf to S$ 1,388 psf at an average of S$ 1,200 psf. Its highest recorded transaction was S$ 1,413 psf in Jul 2023 for a 517-sqft unit. Its lowest recorded transaction was S$ 540 psf in Sep 2020 for a 3,800-sqft unit. Its current rental yield is at 4.4%. Other nearby amenities include: 2 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, HAO MART PTE. LTD., and 3 Shopping Mall(s): Tampines Mart, LIV@Changi, Komo Shoppes.

Buyers and tenants are attracted to District 17, which comprises of Changi and Loyang. These areas constitute industrial parks and a small portion of residential properties. Houses here are popular among those who are working at the nearby airport or industrial estates. Changi is an estate that is located at the easternmost part of Singapore. It is the home to one of the top airports in the world, Singapore Changi Airport. Other landmarks in the area include Changi Village and Changi Prison. Loyang is mainly zoned for industrial use and is sandwiched between Pasir Ris and Changi.

With a land area of 11,000ha, the East Region is the smallest and second most densely populated of the five regions in Singapore. The region is a key aviation hub, housing the Paya Lebar Air Base and Changi Naval Base. Major airlines such as Singapore Airlines, Scoot and Jetstar also has their head offices in the area. Other major economic activity includes manufacturing, with industrial estates in Bedok, Changi, Pasir Ris, Tampines and Paya Lebar. Changi Business Park also hosts a number of MNCs such as Standard Chartered and IBM. Going forward, the government has plans to create more semi-conductor and aviation-related jobs at Tampines North, Pasir Ris and Changi. Aside from the bustling economic activity, residents benefit from a wide variety of green and play spaces in the region. Residents will also enjoy increased connectivity to other parts of Singapore with the upcoming Cross Island Line and Thomson-East Coast Line.