Should I buy the palette?
The pallet is jointly developed by development heavyweights Hong Realty Pte Ltd, CDL Pte Ltd, and Hong Leong Pte Ltd, and is the latest addition to the developers’ envisioned 5-parcel mega-project.
As investors, you can get great value from this project. Let me explain a bit, but first, let’s take a look at the location of The Palette.
Paddle location
As with all large investment properties in Singapore, proximity to the MRT is an important factor that cannot be overlooked. The Palette exceeds this location requirement by being only a 5-8 minute walk to Pasir Ris MRT and White Sands Mall. The Palette also enjoys the convenience and amenities normally reserved for public housing, while having the luxury of being surrounded by private housing developments, ensuring that its residents truly enjoy the best of both worlds.
There are 5 different parcels of land acquired by CDL for development of which 3 have already started to develop. Projects are completed or under development on the order of Livia, NV Residences and The Palette.
Now you might ask, “How will this benefit me as a real estate investor?”
To answer that question, let’s go back to the year Livia was released.
During its launch in 2008, Livia performed at approximately 600 psf. However, a year later, when the NV residences were launched, the underselling units in Livia began transacting at comparative prices to the 750-800 psf NV residences. And since The Palette launched, unit prices at Livia and NV Residences have followed suit, too.
Two more parcels of land remain 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 advantage.
Tenant base for The Palette
In addition to great upside potential, The Palette also comes with a large pool of highly qualified professional tenants ready and eager to rent units on the project. The pallet is in close proximity to workplaces such as
- Changi International Airport
- Changi Business Center (Honeywell, IBM, Citibank)
- Pasir Ris wafer manufacturing 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 viewing park
- Tampines Regional Center (heart of East Singapore business activity)
The charm of the palette
In addition to its excellent investment potential, The Palette also promises to offer its residents a very luxurious lifestyle. Taking advantage of its large 461,315 square foot land area, The Palette offers complete condo facilities in every corner of the development for residents and renters to enjoy and relax in laps of luxury.
Upon entering The Palette, residents will be greeted by a grandiose wall of green features with impressive coral sculptures, offering a preview of the myriad of luxurious facilities awaiting them within the development. Equipped with 2 “golden nest egg” clubhouses that symbolize great Feng Shui, residents enjoy views of the beautiful landscaping and lush greenery that fill the entire development.
Designed to be an abode where family ties can be joined, The Palette comprises many facilities where all members of the family can enjoy and bond.
Children can choose to play in the various gardens or take a dip in the kiddie pool with tubing loops and even on the playground with a flying fox feature. Adults can try their luck in the golf simulator or get an invigorating workout in the gym or 50m infinity lap pool, etc.
With a timeless color theme of white and gray with clean cut lines and tiered facade, The Palette stands out among its neighboring developments.