Немного из подстроки (см. Комментарии в коде):
SQL> with test (dest) as
2 (select '1,MMA SALAI,ARIANKUPAM,CITY CENTRE,G12 47H' from dual)
3 select
4 regexp_substr(dest, --> out of the DEST, give me ...
5 '\w+', --> ... the first word that begins right after ...
6 instr(dest, ',', 1, regexp_count(dest, ',')) + 1 --> ... postition of the last
7 ) result --> comma in the source string
8 from test;
RESULT
--------------------
G12
SQL>
Или, разделив запятые значения на строки:
SQL> with test (dest) as
2 (select '1,MMA SALAI,ARIANKUPAM,CITY CENTRE,G12 47H' from dual)
3 select regexp_substr(col, '\w+') result
4 from (select regexp_substr(dest, '[^,]+', 1, level) col, --> split column to rows
5 row_number() over (order by level desc) rn --> the last row will be RN = 1
6 from test
7 connect by level <= regexp_count(dest, ',') + 1
8 )
9 where rn = 1;
RESULT
--------------------
G12
SQL>