THE PALETTE
PASIR RIS GROVE · District 18 · 99 yrs lease commencing from 2010
Median Price
S$1.3M
Price Range
S$622K - S$2.9M
Tenure
Leasehold
Avg Rent
S$4.32 psf
THE PALETTE Price Analysis
THE PALETTE is a leasehold development on PASIR RIS GROVE in District 18 (Tampines/Pasir Ris). According to URA transaction records, 203 private residential transactions have been recorded at this development, with a median price of S$1,326,888. Prices range from S$622K for the smallest units to S$2.9M for premium configurations.
The development offers units across 6 size categories. The most traded segment is studio (<50 sqm) at a median of S$708,000. Larger units (5+ bed (170+ sqm)) trade at S$2,810,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at THE PALETTE. High-floor units (11-15) command a median of S$1,411,944, while low-floor units (01-05) sell for S$1,251,000. That is a 13% premium for higher floors, worth S$161K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, THE PALETTE commands an average of S$4.32 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 3.4%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| Studio (<50 sqm) | S$708K | 47 sqm | 14 |
| 1-Bed (50-70 sqm) | S$1.0M | 68 sqm | 25 |
| 2-Bed (70-100 sqm) | S$1.2M | 89 sqm | 93 |
| 3-Bed (100-130 sqm) | S$1.5M | 113 sqm | 58 |
| 4-Bed (130-170 sqm) | S$2.1M | 140 sqm | 11 |
| 5+ Bed (170+ sqm) | S$2.8M | 219 sqm | 2 |
Current Listings
2-Bed sale
Pauline Sim (沈梅梅) · PROPNEX REALTY PTE. LTD.
FAQ
What is the average price of THE PALETTE?
The median transaction price at THE PALETTE is S$1,326,888, based on 203 URA-recorded transactions. Prices range from S$622K to S$2.9M.
Does floor level affect prices at THE PALETTE?
Yes. High-floor units (11-15) sell for a median of S$1,411,944, while low-floor units (01-05) sell for S$1,251,000. That is a 13% premium for higher floors.
What is the rental rate at THE PALETTE?
The average rental rate at THE PALETTE is approximately S$4.32 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.