Co-developed by development heavyweights Hong Realty Pte Ltd, CDL Pte Ltd and Hong Leong Pte Ltd, the palette is the latest addition to the 5-lot mega project envisioned by the developers.
As investors, there is great value to be gained from this project. Allow me to explain, but first let’s take a look at the location of The Palette.
Location of the palette
As with all great investment properties in Singapore, proximity to the MRT is an important factor that should not be overlooked. The Palette meets this location requirement by being just a 5-8 minute walk from the Pasir Ris MRT and White Sands Mall. The Palette also enjoys the convenience and amenities usually reserved for social housing, while having the luxury of being surrounded by private housing developments, so residents can truly enjoy the best of both worlds.
There are 5 different plots of land acquired by CDL for development, 3 of which have already started development. The projects have been delivered or are being developed on behalf of Livia, NV Residences and The Palette.
Now you may be wondering, “How is this going to benefit me as a real estate investor?”
To answer that question, let’s go back to the year Livia launched.
At launch in 2008, Livia traded at around 600 psf. But a year later when NV Residences launched, undersale units in Livia started trading at prices similar to NV Residences at 750-800 psf. And since the launch of The Palette, the prices of homes in Livia and NV Residences have also followed suit.
There is a remainder of two more plots of land ready for development in the near future and will most likely be priced higher than the previous three launches.
And THAT is your potential capital appreciation benefit.
Tenant file for The Palette
In addition to strong potential, The Palette also has a large pool of highly skilled professional tenants ready and excited to rent units in the project. The Palette is located in close proximity to workplaces such as
- Changi International Airport
- Changi Business Hub (Honeywell, IBM, Citibank)
- Pasir Ris Wafer Fabrication Park (United Microelectronics Corporation, Systems on Silicon Manufacturing and Soitec)
- Tampines Wafer Fabrication Park (Chartered Semicinductor, Siltronic Singapore, Siltronic Samsung Wafer, Formfactor and Qimonda)
- Advanced display park
- Tampines Regional Center (heart of commercial activity for the Eastern Region of Singapore)
Allure of the palette
In addition to the excellent investment potential, The Palette also promises to offer its residents a very luxurious lifestyle. The Palette takes advantage of the large 46,315 sqm grounds, providing full condominium facilities in every corner of the development for residents and renters alike to enjoy and relax in luxury.
Upon entering The Palette, residents are greeted by a grandiose green wall with impressive coral sculptures, offering a preview of the plethora of luxury facilities that await them within the development. Equipped with 2 “Golden Nest Egg” shaped clubhouses that symbolize the great Feng Shui, residents are treated to sights of beautiful landscaping and lush greenery that fill the entire development.
Designed as a place of residence where family bonds can be bonded, The Palette includes many facilities for all members of the family to enjoy and bond with each other.
Children can choose whether to play in the various gardens, or take a relaxing dip in the kiddie pool with tubing loops and even the playground with a flying fox. Adults can try out the golf simulator, or go for an invigorating workout in the gymnasium or 50m infinity pool, etc.
With a timeless color theme of white and gray with clean cut lines and staggered facade, The Palette will stand out among its neighboring developments.