We track 2 sales and 3 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALM TREE NINES dashboard.
- Average sale price: $2,200,000 across 2 transactions
- Estimated gross rental yield: 2.4%
- District 16 PSF ranking: Mid-range (top 57%)
- Freehold tenure · OCR · D16
About PALM TREE NINES
PALM TREE NINES is a freehold condominium, located at JALAN HAJI SALAM in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive) (Outside Central Region), completed in 1993.
As a freehold property, PALM TREE NINES does not face lease decay concerns.
Sales Market Overview
PALM TREE NINES has recorded 2 sale transactions with an average transaction price of $2,200,000, ranging from $2,200,000 to $2,200,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 1 | $1,345 psf | $2,200,000 | — |
| 2022 | 1 | $1,345 psf | $2,200,000 | ↑ 0.0% |
PALM TREE NINES ranks in the top 57% of condos in District 16 by average PSF.
Compared to the OCR average of $1,550 psf, PALM TREE NINES trades 13.3% below the segment benchmark.
Loading chart data...
Rental Market Overview
PALM TREE NINES has recorded 3 rental transactions with monthly rents averaging $4,433/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| Studio | 3 | $4,433/mo | $3,800/mo | $5,000/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 1 | $3,800/mo |
| 2023 | 1 | $4,500/mo |
| 2025 | 1 | $5,000/mo |
Loading chart data...
Investment Analysis
Based on average rents and sale prices, PALM TREE NINES delivers an estimated gross rental yield of 2.4%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
Competing Condos in District 16
Side-by-side comparison against the most actively traded condos in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| PINERY RESIDENCES | 99 years leasehold | — | $2,551 psf | 549 |
| VELA BAY | 99 years leasehold | — | $2,869 psf | 371 |
| SCENECA RESIDENCE | 99 yrs lease commencing from 2021 | 268 | $2,084 psf | 269 |
| THE BAYSHORE | 99-year leasehold | 1038 | $1,234 psf | 247 |
| THE GLADES | 99 yrs lease commencing from 2013 | 726 | $1,613 psf | 226 |
Location Map
Map shows PALM TREE NINES (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALM TREE NINES
- Sungei Bedok MRT
- Bedok South MRT
- Tanah Merah MRT
- Bedok View Secondary School
- Yu Neng Primary School
- Bedok South Secondary School
Nearby MRT Stations
PALM TREE NINES is 450m from Sungei Bedok MRT (Thomson-East Coast Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Sungei Bedok | TE31 | Thomson-East Coast Line | 450m |
| Bedok South | TE30 | Thomson-East Coast Line | 780m |
| Tanah Merah | EW4 | East-West Line | 1.0 km |
Nearby Schools
There are 13 schools within 2 km of PALM TREE NINES, including 5 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Bedok View Secondary School | Secondary | 550m |
| Yu Neng Primary School | Primary | 780m |
| Bedok South Secondary School | Secondary | 790m |
| Bedok Green Primary School | Primary | 840m |
| Fengshan Primary School | Primary | 890m |
| Ping Yi Secondary School | Secondary | 1.0 km |
| Bedok North Secondary School | Secondary | 1.4 km |
| Overseas Family School | International | 1.4 km |
| Opera Estate Primary School | Primary | 1.5 km |
| Park View Primary School | Primary | 1.6 km |
| Casuarina Primary School | Primary | 1.8 km |
| Dunman High School | Secondary | 1.9 km |
FAQ
What is the average price for PALM TREE NINES?
What is the rental yield for PALM TREE NINES?
Is PALM TREE NINES 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: 2 transactions analysed
- Rental data: 3 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 TREE NINES
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.