PALM RESIDENCE

JALAN RAJAWALI
RESALE CONDODistrict 21
Beauty World MRT · 10 min walk (802m)RCRFreehold
Total Units
32
2Y PSF Change
+0.0%
1 txns in 24m
Median PSF
1,149
▲ 103.4% QoQ
Total Sales
2
since 2021-09
Price Range
$1.9M–$2.2M
all-time
Unit Size
2,067 sqft
Floors 6–6
PSF MOVEMENT ALERT — 2025-Q1
Median PSF rose 103.4% quarter-on-quarter (from $757 in 2021-Q3 to $1,540 in 2025-Q1). Only 1 transaction this quarter — the move likely reflects thin volume rather than a trend shift.

UrbanLens Analysis

PALM RESIDENCE commands $1,540 PSF -- NaN% below what District 21 typically fetches ($0 PSF). Beauty World MRT is 802m away (10-min walk), functional but not a headline selling point.

Prices have essentially flatlined over two years (+0.0%), suggesting a market in equilibrium. Just 1 transactions in two years -- thin liquidity means pricing carries wide confidence intervals.

Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Rental data is too thin to calculate a reliable yield. Treat this as a capital-appreciation play and verify rental demand independently.

A boutique 32-unit project offers exclusivity and lower maintenance charges, but resale liquidity is naturally thin. The city-fringe location offers genuine accessibility without core-district pricing, which is the fundamental upgrader value proposition.

PSF Trend

Quarterly
757
2021-Q3
1,540
2025-Q1

Recent Transactions

Data refreshed monthly · Last transaction: Jan 2025
DatePriceSizePSFFloor
Jan 2025$1,890,0001,227 sqft$1,54006-10
Sep 2021$2,200,0002,906 sqft$75706-10
Showing 2 of 2 transactions

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