We track 147 sales and 267 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALM GARDENS dashboard.
- Average sale price: $1,183,719 across 147 transactions
- Estimated gross rental yield: 3.4%
- District 23 PSF ranking: Value tier (top 89%)
- 99 yrs lease commencing from 1996 · OCR · D23 · 694 units
About PALM GARDENS
PALM GARDENS is a 99 yrs lease commencing from 1996 condominium, located at HONG SAN WALK in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang) (Outside Central Region), developed by KEPPEL LAND, comprising 694 residential units, completed in 2000.
With approximately 69 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at PALM GARDENS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 126 | $946 psf | $1,131,626 |
| 4 BR | 16 | $1,015 psf | $1,453,118 |
| 5+ BR | 5 | $814 psf | $1,634,378 |
Sales Market Overview
PALM GARDENS has recorded 147 sale transactions with an average transaction price of $1,183,719, ranging from $785,000 to $1,888,888.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 36 | $778 psf | $997,111 | — |
| 2022 | 31 | $893 psf | $1,103,313 | ↑ 14.7% |
| 2023 | 23 | $1,012 psf | $1,234,952 | ↑ 13.3% |
| 2024 | 25 | $1,051 psf | $1,315,302 | ↑ 3.9% |
| 2025 | 28 | $1,069 psf | $1,335,342 | ↑ 1.7% |
| 2026 | 4 | $1,083 psf | $1,308,000 | ↑ 1.3% |
PALM GARDENS ranks in the top 89% of condos in District 23 by average PSF.
Compared to the OCR average of $1,550 psf, PALM GARDENS trades 38.8% below the segment benchmark.
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Rental Market Overview
PALM GARDENS has recorded 267 rental transactions with monthly rents averaging $3,388/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 44 | $2,741/mo | $1,750/mo | $3,600/mo |
| 3 BR | 188 | $3,455/mo | $2,300/mo | $5,000/mo |
| 4 BR | 35 | $3,841/mo | $2,500/mo | $5,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 52 | $2,548/mo |
| 2022 | 59 | $3,122/mo |
| 2023 | 59 | $3,717/mo |
| 2024 | 45 | $3,792/mo |
| 2025 | 43 | $3,781/mo |
| 2026 | 9 | $3,933/mo |
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Investment Analysis
Based on average rents and sale prices, PALM GARDENS delivers an estimated gross rental yield of 3.4%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 23
Side-by-side comparison against the most actively traded condos in District 23 (Choa Chu Kang, Dairy Farm, Hillview, Bukit Panjang):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| SOL ACRES | 99 yrs lease commencing from 2014 | 1327 | $1,385 psf | 555 |
| MIDWOOD | 99 yrs lease commencing from 2018 | 564 | $1,732 psf | 532 |
| LUMINA GRAND | 99 yrs lease commencing from 2022 | 512 | $1,515 psf | 512 |
| DAIRY FARM RESIDENCES | 99 yrs lease commencing from 2018 | 460 | $1,659 psf | 452 |
| THE BOTANY AT DAIRY FARM | 99 yrs lease commencing from 2022 | 386 | $2,053 psf | 388 |
Location Map
Map shows PALM GARDENS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALM GARDENS
- Keat Hong MRT
- South View MRT
- Choa Chu Kang MRT
- Choa Chu Kang MRT
- Teck Whye MRT
- Unity Primary School
- Regent Secondary School
- Choa Chu Kang Primary School
Nearby MRT Stations
PALM GARDENS is 280m from Keat Hong MRT (Bukit Panjang LRT), with 6 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Keat Hong | BP3 | Bukit Panjang LRT | 280m |
| South View | BP2 | Bukit Panjang LRT | 280m |
| Choa Chu Kang | NS4 | North-South Line | 770m |
| Choa Chu Kang | BP1 | Bukit Panjang LRT | 770m |
| Teck Whye | BP4 | Bukit Panjang LRT | 820m |
| Phoenix | BP5 | Bukit Panjang LRT | 1.3 km |
Nearby Schools
There are 6 schools within 2 km of PALM GARDENS.
| School | Type | Distance |
|---|---|---|
| Unity Primary School | Primary | 1.3 km |
| Regent Secondary School | Secondary | 1.4 km |
| Choa Chu Kang Primary School | Primary | 1.5 km |
| West Spring Primary School | Primary | 2.0 km |
| Pei Hwa Presbyterian Primary School | Primary | 2.0 km |
| West Spring Secondary School | Secondary | 2.0 km |
FAQ
What is the average price for PALM GARDENS?
What is the rental yield for PALM GARDENS?
Is PALM GARDENS freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 147 transactions analysed
- Rental data: 267 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for PALM GARDENS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.