We track 8 sales and 4 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALM GROVE TERRACE dashboard.
- Average sale price: $3,897,500 across 8 transactions
- Estimated gross rental yield: 1.1%
- District 19 PSF ranking: Premium tier (top 5%)
- 999 yrs lease commencing from 1878 · OCR · D19 · 23 units
About PALM GROVE TERRACE
PALM GROVE TERRACE 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 PALM GROVE DEVELOPMENT PTE LTD, comprising 23 residential units, completed in 1998.
With approximately 71 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 TERRACE:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 6 | $2,256 psf | $3,760,000 |
| 5+ BR | 2 | $1,570 psf | $4,310,000 |
Sales Market Overview
PALM GROVE TERRACE has recorded 8 sale transactions with an average transaction price of $3,897,500, ranging from $3,260,000 to $4,400,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2022 | 3 | $1,823 psf | $3,763,333 | — |
| 2023 | 2 | $2,036 psf | $3,985,000 | ↑ 11.6% |
| 2024 | 2 | $2,336 psf | $3,950,000 | ↑ 14.8% |
| 2025 | 1 | $2,462 psf | $4,020,000 | ↑ 5.4% |
PALM GROVE TERRACE ranks in the top 5% of condos in District 19 by average PSF.
Compared to the OCR average of $1,550 psf, PALM GROVE TERRACE trades 34.4% above the segment benchmark.
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Rental Market Overview
PALM GROVE TERRACE has recorded 4 rental transactions with monthly rents averaging $3,600/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 4 | $3,600/mo | $2,800/mo | $4,600/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 1 | $2,800/mo |
| 2022 | 1 | $4,600/mo |
| 2023 | 1 | $3,500/mo |
| 2025 | 1 | $3,500/mo |
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Investment Analysis
Based on average rents and sale prices, PALM GROVE TERRACE delivers an estimated gross rental yield of 1.1%. 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 TERRACE (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALM GROVE TERRACE
- Kovan MRT
- Serangoon MRT
- Serangoon MRT
- Xinmin Secondary School
- Xinmin Primary School
- Yangzheng Primary School
Nearby MRT Stations
PALM GROVE TERRACE is 670m from Kovan MRT (North-East Line), with 3 stations within 1.5 km.
Nearby Schools
There are 21 schools within 2 km of PALM GROVE TERRACE, including 15 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Xinmin Secondary School | Secondary | 280m |
| Xinmin Primary School | Primary | 440m |
| Yangzheng Primary School | Primary | 590m |
| Cedar Primary School | Primary | 680m |
| Serangoon Secondary School | Secondary | 710m |
| Cedar Girls' Secondary School | Secondary | 730m |
| Zhonghua Primary School | Primary | 770m |
| Holy Innocents' High School | Secondary | 770m |
| Zhonghua Secondary School | Secondary | 790m |
| Montfort Secondary School | Secondary | 850m |
| Holy Innocents' Primary School | Primary | 860m |
| Montfort Junior School | Primary | 890m |
FAQ
What is the average price for PALM GROVE TERRACE?
What is the rental yield for PALM GROVE TERRACE?
Is PALM GROVE TERRACE 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: 8 transactions analysed
- Rental data: 4 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 TERRACE
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