Palacio
Palacio is a freehold condominium in District 15 (Joo Chiat, Amber Road, Katong), within Singapore's Outside Central Region (OCR). Sale and rental figures on this page are compiled from URA transaction records. Nearby developments in District 15 can be compared on ShiokNest's district analytics pages.
Overview & Key Facts
PALACIO is a freehold condominium at LORONG M TELOK KURAU in District 15 (OCR), developed by .
Location & Connectivity
PALACIO is approximately 550m from Marine Terrace MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Marine Terrace | Thomson-East Coast Line | 550m |
| Kembangan | East-West Line | 1 km |
| Marine Parade | Thomson-East Coast Line | 1.3 km |
| Siglap | Thomson-East Coast Line | 1.4 km |
| Eunos | East-West Line | 1.5 km |
Schools & Education
12 schools within 2 km (2 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Telok Kurau Primary School | Primary | 140m |
| Chung Cheng High School (Main) | Secondary | 950m |
| East Coast Primary School | Primary | 1.2 km |
| Global Indian International School (GIIS East Coast) | International | 1.2 km |
| Canadian International School (Tanjong Katong) | International | 1.5 km |
| Tanjong Katong Girls' School | Secondary | 1.5 km |
| Canossa Catholic Primary School | Primary | 1.5 km |
| Broadrick Secondary School | Secondary | 1.6 km |
Market Position
PALACIO has recorded 8 sales at an average price of $3,477,375.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 3 | $795 psf | — |
| 2022 | 3 | $936 psf | ↑ 17.7% |
| 2024 | 1 | $1,055 psf | ↑ 12.7% |
| 2026 | 1 | $954 psf | ↓ 9.5% |
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PALACIO prices have cooled 9.5% from the 2024 peak, yet remain 20.0% above where the series began in 2021.
Price Index Check
The ShiokNest Price Index for District 15 reads 110.5 as of June 2026 — down 9.3% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| GRAND DUNMAN | 99 yrs lease commencing from 2022 | $2,536 psf | 913 |
| EMERALD OF KATONG | 99 yrs lease commencing from 2023 | $2,640 psf | 844 |
| THE CONTINUUM | Freehold | $2,790 psf | 783 |
| TEMBUSU GRAND | 99 yrs lease commencing from 2022 | $2,467 psf | 645 |
| AMBER PARK | Freehold | $2,549 psf | 397 |
What Could Work Against You
- Only 1 transaction were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
Best suited for
Who This Actually Suits
The profile fits multi-generational families, car-owning households, international school families and long-term hold (10+ yr) best. Larger unit configurations or dual-key layouts make this viable for 3-generation households.
foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
yield-focused investors, short-term flippers (<5 yr) and first-time hdb upgraders should probably look elsewhere. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
Verdict
PALACIO is a freehold development in District 15 (OCR), offering a gross yield of 2.6%.
At ~$954 psf, it represents a competitive entry point in the OCR segment.
Explore the full PALACIO dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALACIO against staying public? These HDB towns sit within walking or short-drive distance:
- Marine Parade — 4-room average $648,065 (600m away), an upgrader gap of about $2,850,000
- Bedok — 4-room average $659,895 (1.3 km away), an upgrader gap of about $2,800,000
- Geylang — 4-room average $761,443 (1.4 km away), an upgrader gap of about $2,700,000
FAQ
What is the average PSF for PALACIO?
Is PALACIO freehold?
What is the rental yield for PALACIO?
Which MRT is nearest to PALACIO?
Sources & Next Steps
- PALACIO Dashboard — Live charts and analytics
- URA — Official transaction data
- District 15 (Joo Chiat, Amber Road, Katong) — District 15 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 8 transactions
- Rental data: 6 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jan 2026 · 8 records analysed · Source: URA private-sale caveats