Palmera Residence
Palmera Residence is a freehold apartment development in District 15 (Marine Parade / Katong / Joo Chiat). It has 8 recorded private transactions. Latest sale: $2,450,000 (Apr 2024, 173 sqm, floors 01-05). Median $1,346/sqft. Prices up 22.1% over the period.
Where Palmera Residence ranks in District 15
All 275 projects ›Median psf over time
Estimate a unit at Palmera Residence
Based on URA transactions for this development. Pick a floor band and unit size.
Freehold development — no lease decay applied. Projection is pure market growth. Past growth does not guarantee future performance. Not financial advice.
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Apr 2024 | 01-05 | Resale | 173 sqm | $2,450,000 | $1,316 |
| Mar 2024 | 01-05 | Resale | 82 sqm | $1,650,000 | $1,869 |
| May 2023 | 01-05 | Resale | 120 sqm | $1,980,000 | $1,533 |
| Dec 2022 | 01-05 | Resale | 180 sqm | $2,098,000 | $1,083 |
| Sep 2022 | 01-05 | Resale | 108 sqm | $1,600,000 | $1,376 |
| Jul 2022 | 01-05 | Resale | 51 sqm | $828,000 | $1,508 |
| Jan 2022 | 01-05 | Resale | 108 sqm | $1,460,000 | $1,256 |
| Aug 2021 | 01-05 | Resale | 183 sqm | $2,058,000 | $1,045 |
About Palmera Residence
Palmera Residence is a freehold development in District 15 (Marine Parade / Katong / Joo Chiat), within the Outside Central Region of Singapore. It has a thinner transaction history, with 8 recorded apartment transactions between 2021-08 and 2024-04, ranging from $828,000 to $2,450,000. The most recent transaction was a 173 sqm unit (floors 01-05) sold for $2,450,000 in 2024-04, and the median price is $1,346 per square foot. Prices here have risen sharply, by about 22.1% over the period (around 7.8% a year). As a freehold development, it is not subject to meaningful lease decay. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Palmera Residence cost?
The most recent transaction at Palmera Residence was $2,450,000 for a 173 sqm unit in 2024-04. The median price is $1,346 per square foot across 8 transactions, ranging from $828,000 to $2,450,000. Data sourced from URA.
Is Palmera Residence freehold or leasehold?
Palmera Residence is freehold development, so it is not subject to meaningful lease decay.
What is the price per square foot (psf) at Palmera Residence?
The median price at Palmera Residence is $1,346 psf, with transactions ranging from $1,045 to $1,869 psf. This is based on 8 URA-recorded transactions in District 15.
Have prices at Palmera Residence gone up or down?
Prices at Palmera Residence have increased by approximately 22.1% over the data period (around 7.8% a year). The median price is currently $1,346 psf, with the most recent sale at $2,450,000 in 2024-04.