Palmera East

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  3
 0
 0

Sale Price *

Average
S$ 1,579 psf
Range
S$ 1,579 - 1,579 psf

Rental Price **

Average
S$ 3.8 psf pm
Range
S$ 2.5 - 5.1 psf pm

Rental Yield **

2.9%

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

Amenities

3.6
3.6

Convenience

4.2
4.2

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
Palmera East is a freehold apartment completed in 2012. It is developed by WORLD CLASS PROPERTY (TELOK KURAU) PTE LTD. The development occupies a land area of 1,302 sqm and a Gross Floor Area of 1,823 sqm. It consists of 32 units. According to records, buyers of this development are Singaporean 79.1%, PR 14.0%, Foreigner 7.0%, Company 0.0%.

PALMERA EAST is located along Lorong Melayu in Bedok, in District 14. It is accessible through the nearest MRTs including Kembangan EW6 and Eunos EW7. The nearest schools are EUNOS PRIMARY SCHOOL and ST. STEPHEN'S SCHOOL.

Based on transaction data in the last 12 months, sale prices range from S$ 1,579 psf to S$ 1,579 psf at an average of S$ 1,579 psf. Its highest recorded transaction was S$ 1,579 psf in Jun 2022 for a 431-sqft unit. Its lowest recorded transaction was S$ 891 psf in Mar 2011 for a 1,561-sqft unit. Its current rental yield is at 2.9%.

Other nearby amenities include: 3 Childcare Centre(s): PRESCHOOL FOR MULTIPLE INTELLIGENCES INTERNATIONAL PTE. LTD., ACES MONTESSORI KIDZ CHILD CARE PTE. LTD., CHARIS MONTESSORI PRESCHOOL, and 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, MOHAMAD DAMAR HULAN BIN OSMAN, and 3 Kindergarten(s): Bethesda Chapel Kindergarten, PCF SPARKLETOTS PRESCHOOL @ KEMBANGAN CHAI CHEE Blk 116 (DS), LittleSparks Montessori Kindergarten @ Kembangan, and 1 Shopping Mall: KEMBANGAN PLAZA.

Buyers and tenants are attracted to District 14, which covers Eunos, Geylang, Kembangan and Paya Lebar. It is one of the most historically and culturally rich zones. These areas comprise predominantly HDB flats, private non-landed homes and shophouses. Eunos, Kembangan and Aljunied MRT stations serves the district via East-West Line, while Paya Lebar MRT station is the interchange station of East-West Line and Circle-Line. Geylang is one of Singapore's Malay settlements, and is known for its rich Malay heritage. Visitors to Geylang Serai can enjoy the sights of Ramadan lights and various foods at the bazaar during Ramadan. The neighbourhood is also home to many shophouses and a rich nightlife scene. Major shopping malls in this district are Paya Lebar Square and Kallang Wave Mall, which offer a variety of retail and dining options. Separately, Paya Lebar is envisaged to be a new sub-regional centre with industrial, technological and commercial developments.

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.
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What they say
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5
"We have been living here since one year, very nice small condo with small gym and swimming pool. The neighborhood is very quiet and scenic, cool sunsets. It's just half an hour walk to ECP, fair price is 5 mins away."
A***** P**********
Google Review     |   13 Nov 2021
5
"Awesome. Good location nearby MRT. Excellent maintenance..."
S***** M*****
Google Review     |   06 Oct 2018
5
"Nice place"
R*** S***** F****
Google Review     |   30 Sep 2018
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Floor Plans
29
2
1

PALMERA EAST - 29 - 2 - 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 PALMERA EAST (Limited to 10)

Unit Search
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Date
Area(sqft)
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

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 PALMERA EAST
There are 0 more transactions. You could see them all with unit number if you are a Pro User. Click to learn more.

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

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Nearby Land Sales

Status
Street NameLocationLand AttributesEstimated Breakeven
Sold On MAY 2021
Ji Liang Gardens
Site Use
Residential
Tenure
fh
Plot Ratio
1.4
Site Area (sqm)
1,327
Site GFA (sqm)
1,859
Highest Bid ($M)
18.6
Highest Bid ($PSF)
-
Number of BIDS
-
Land ($M)
18.6
Construction ($M)
6.6
Land Financing ($M)
1.6
Profesional / Legal / Taxes ($M)
3
Marketing / Others ($M)
1.8
Estimated Total Cost ($M)
31.64
Estimated Breakeven ($psf ppr)
1,582

Listings

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thumb-images
11
$888,000
  • 75% Rental Volume

  • 2 beds
  • 1 bath
  • Apartment
  • D14
  • 2012
  • Freehold
  • S$ 1,590 psf
  • 29 Lorong Melayu
Aaron Loon
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FAQs about PALMERA EAST

What is the nearest MRT Station to PALMERA EAST ?
The nearest MRT Station from PALMERA EAST is Kembangan EW6 MRT

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