Hong Realty Pte Ltd., CDL Pte Ltd., Hong Leong Pte Ltd. jointly created the Palette. It is part of the 5-plot mega-project that the developers have in mind.
Investors can gain a lot from this project. Let me explain. First, let’s take a look around at The Palette.
The Palette’s location
It is important to consider the proximity of the MRT when looking for investment property in Singapore. It is only 5-8 minutes from Pasir Ris MRT, White Sands Mall and the Palette. This address meets all of these requirements. It is also close to public amenities, but the Palette has the privilege of living in a private community. This allows its residents to have the best of both worlds.
CDL acquired 5 parcels of land for development. 3 of these have been developed. The Palette, NV Residences, and Livia are the projects that have been completed.
You might be asking, “How is this going to benefit me as an investor in Real Estate?”
Let’s go back to 2005, the year Livia launched.
Livia’s launch price was 600 psf. A year later, when NV Residences launched in 2008, Livia’s sub-sale units began to be sold at prices that were comparable to those of NV Residences. They are now priced at between 750 and 800psf. Since then, the prices for units in Livia have been increasing at a similar rate to NV Residences.
Two additional plots of land are available for development and may be sold at a higher price than those launched previously.
That is what you have to look forward to in capital appreciation.
The Palette Tenant Base
Apart from the strong upside potential, The Palette has a large pool of professional tenants who are eager and able to rent units within the project. You can find The Palette within easy reach of many 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).
- Tampine Wafer Fabrication Park (Chartered Semicinductor Siltronic Singapore Siltronic Samsung Wafer Formfactor and Qimonda
- Advanced Display Park
- Tampines Regional Centre is the heart of Singapore’s eastern region commercial activity
The Allure of the Palette
The Palette has a great investment opportunity and promises to provide its residents with a high-end lifestyle. The Palette offers full condo facilities in every corner, allowing residents and tenants to relax and enjoy luxury while leveraging its huge site of 461,315sqft.
Residents will find a magnificent green Feature Wall featuring Coral Sculptures upon entering The Palette. This wall gives a glimpse of the many upscale amenities that await them in the community. You will be equipped with 2 “Golden Nest Egg”Clubhouses in the shape of great Feng Shui are a symbol for great Feng Shui. Residents enjoy beautiful landscaping and lush greenery throughout their entire community.
The Palette was designed as a place where family ties can be strengthened. It offers many services that all members can use to bond and have fun together.
You can choose to let your children play in one of the gardens or go for a swim at the child’s pool. Adults have the option to try the golf simulator or get in a good workout in the gym, 50m infinity pool or other facilities.
The Palette will stand out from its neighbors with its timeless color theme of grey and white, as well as its clean lines and staggered façade.