Palmera Residence

Palmera Residence is a freehold apartment completed in 2010. It is developed by WORLD CLASS CAPITAL (LN) PTE LTD. The development occupies a land area of 1,342 sqm and a Gross Floor Area of 1,879 sqm. It consists of 38 units. According to records, buyers of this development are Singaporean 81.9%, PR 12.0%, Foreigner 3.6%, Company 2.4%.

PALMERA RESIDENCE is located along Lorong N Telok Kurau in Bedok, in District 15. It is accessible through the nearest MRTs including Marine Terrace TE27 and Marine Parade TE26.

Based on transaction data in the last 12 months, sale prices range from S$ 1,316 psf to S$ 1,869 psf at an average of S$ 1,593 psf. Its highest recorded transaction was S$ 1,869 psf in Mar 2024 for a 883-sqft unit. Its lowest recorded transaction was S$ 516 psf in Apr 2009 for a 1,528-sqft unit. Its current rental yield is at 3.5%. Other nearby amenities include: 3 Grocerie(s): THE ALASKA GUYS PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, COLD STORAGE SINGAPORE (1983) PTE LTD, and 3 Shopping Mall(s): Katong Point, i12 Katong, Katong Square.

Buyers and tenants are attracted to District 15, which includes Tanjong Rhu, Meyer, Marine Parade, Katong, Amber Road, Joo Chiat and the area around East Coast. A large proportion of the district is zoned for residential development. The district is currently served by the Circle Line and East-West Line via Paya Lebar, Eunos, and Aljunied MRT stations. There is a wide coverage of bus service connecting passengers to and fro the Central Business District as well. Joo Chiat was zoned as a conservation area in 1993. A large number of shophouses, which retain its original look since the earlier years, can be found along Joo Chiat Road. Separately, Meyer Road stretches from Tanjong Rhu Road to Tanjong Katong Road. Located across from the East Coast Park, Meyer Road is easily accessible by the East Coast Expressway extending from the city to the Singapore Changi Airport. Residents in this district have plenty of shopping options such as Parkway Parade, i12 Katong and Katong Shopping Centre.

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.