We track 29 sales and 62 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALM GROVE CONDOMINIUM dashboard.
- Average sale price: $2,017,966 across 29 transactions
- Estimated gross rental yield: 2.5%
- District 19 PSF ranking: Mid-range (top 51%)
- 999 yrs lease commencing from 1878 · OCR · D19 · 111 units
About PALM GROVE CONDOMINIUM
PALM GROVE CONDOMINIUM is a 999 yrs lease commencing from 1878 condominium, located at PALM GROVE AVENUE in District 19 (Punggol, Hougang, Serangoon Gardens) (Outside Central Region), developed by CAPITALAND, comprising 111 residential units, completed in 2002.
With approximately 75 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 GROVE CONDOMINIUM:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 3 | $1,330 psf | $901,667 |
| 3 BR | 3 | $1,478 psf | $1,942,000 |
| 4 BR | 19 | $1,357 psf | $2,093,684 |
| 5+ BR | 4 | $1,325 psf | $2,552,500 |
Sales Market Overview
PALM GROVE CONDOMINIUM has recorded 29 sale transactions with an average transaction price of $2,017,966, ranging from $855,000 to $2,760,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 8 | $1,186 psf | $1,871,125 | — |
| 2022 | 4 | $1,294 psf | $2,042,000 | ↑ 9.1% |
| 2023 | 5 | $1,438 psf | $1,801,600 | ↑ 11.1% |
| 2024 | 6 | $1,486 psf | $2,301,333 | ↑ 3.4% |
| 2025 | 5 | $1,435 psf | $2,073,600 | ↓ 3.4% |
| 2026 | 1 | $1,560 psf | $2,200,000 | ↑ 8.7% |
PALM GROVE CONDOMINIUM ranks in the top 51% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, PALM GROVE CONDOMINIUM trades 12.1% below the segment benchmark.
Loading chart data...
Rental Market Overview
PALM GROVE CONDOMINIUM has recorded 62 rental transactions with monthly rents averaging $4,235/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 5 | $2,610/mo | $2,050/mo | $3,000/mo |
| 3 BR | 57 | $4,377/mo | $2,800/mo | $6,200/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 8 | $3,400/mo |
| 2022 | 13 | $3,892/mo |
| 2023 | 10 | $4,400/mo |
| 2024 | 13 | $4,662/mo |
| 2025 | 15 | $4,570/mo |
| 2026 | 3 | $3,867/mo |
Loading chart data...
Investment Analysis
Based on average rents and sale prices, PALM GROVE CONDOMINIUM delivers an estimated gross rental yield of 2.5%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 19
Side-by-side comparison against the most actively traded condos in District 19 (Punggol, Hougang, Serangoon Gardens):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| CHUAN PARK | 99 yrs lease commencing from 2024 | 916 | $2,596 psf | 868 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | 1410 | $1,746 psf | 849 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | 1451 | $1,590 psf | 629 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | 1012 | $1,699 psf | 597 |
| SERANGOON GARDEN ESTATE | Freehold | — | $1,742 psf | 467 |
Location Map
Map shows PALM GROVE CONDOMINIUM (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALM GROVE CONDOMINIUM
- Kovan MRT
- Serangoon MRT
- Serangoon MRT
- Xinmin Secondary School
- Cedar Primary School
- Xinmin Primary School
Nearby MRT Stations
PALM GROVE CONDOMINIUM is 720m from Kovan MRT (North-East Line), with 3 stations within 1.5 km.
Nearby Schools
There are 22 schools within 2 km of PALM GROVE CONDOMINIUM, including 13 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Xinmin Secondary School | Secondary | 400m |
| Cedar Primary School | Primary | 550m |
| Xinmin Primary School | Primary | 560m |
| Cedar Girls' Secondary School | Secondary | 600m |
| Serangoon Secondary School | Secondary | 630m |
| Yangzheng Primary School | Primary | 660m |
| Zhonghua Primary School | Primary | 710m |
| Zhonghua Secondary School | Secondary | 710m |
| Montfort Secondary School | Secondary | 860m |
| Holy Innocents' High School | Secondary | 870m |
| Montfort Junior School | Primary | 880m |
| Holy Innocents' Primary School | Primary | 960m |
FAQ
What is the average price for PALM GROVE CONDOMINIUM?
What is the rental yield for PALM GROVE CONDOMINIUM?
Is PALM GROVE CONDOMINIUM 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: 29 transactions analysed
- Rental data: 62 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 GROVE CONDOMINIUM
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.