We track 17 sales and 31 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the PALMWOODS dashboard.
- Average sale price: $1,217,228 across 17 transactions
- Estimated gross rental yield: 3.0%
- District 16 PSF ranking: Value tier (top 90%)
- 99 yrs lease commencing from 1996 · OCR · D16 · 87 units
About PALMWOODS
PALMWOODS is a 99 yrs lease commencing from 1996 condominium, located at UPPER CHANGI ROAD in District 16 (Bedok, Upper East Coast, Eastwood, Kew Drive) (Outside Central Region), developed by SING DEVELOPMENT (CHANGI VIEW) PTE LTD, comprising 87 residential units, completed in 1999.
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 PALMWOODS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 4 | $1,033 psf | $909,000 |
| 3 BR | 11 | $1,018 psf | $1,239,716 |
| 4 BR | 1 | $912 psf | $1,600,000 |
| 5+ BR | 1 | $833 psf | $1,820,000 |
Sales Market Overview
PALMWOODS has recorded 17 sale transactions with an average transaction price of $1,217,228, ranging from $838,000 to $1,820,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 5 | $915 psf | $1,158,376 | — |
| 2022 | 5 | $954 psf | $1,014,200 | ↑ 4.3% |
| 2023 | 3 | $963 psf | $1,400,000 | ↑ 1.0% |
| 2024 | 1 | $1,099 psf | $1,420,000 | ↑ 14.1% |
| 2025 | 3 | $1,248 psf | $1,403,333 | ↑ 13.5% |
PALMWOODS ranks in the top 90% of condos in District 16 by average PSF.
Compared to the OCR average of $1,550 psf, PALMWOODS trades 35.2% below the segment benchmark.
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Rental Market Overview
PALMWOODS has recorded 31 rental transactions with monthly rents averaging $3,069/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 2 BR | 17 | $2,559/mo | $2,050/mo | $3,400/mo |
| 3 BR | 14 | $3,689/mo | $2,800/mo | $4,700/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 8 | $2,244/mo |
| 2022 | 12 | $3,083/mo |
| 2023 | 1 | $2,900/mo |
| 2024 | 8 | $3,750/mo |
| 2025 | 2 | $3,650/mo |
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Investment Analysis
Based on average rents and sale prices, PALMWOODS delivers an estimated gross rental yield of 3.0%. This is above the Singapore-wide benchmark of approximately 3%.
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 PALMWOODS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- PALMWOODS
- Tanah Merah MRT
- Sungei Bedok MRT
- Simei MRT
- Ping Yi Secondary School
- Fengshan Primary School
- Casuarina Primary School
Nearby MRT Stations
PALMWOODS is 560m from Tanah Merah MRT (East-West Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Tanah Merah | EW4 | East-West Line | 560m |
| Sungei Bedok | TE31 | Thomson-East Coast Line | 1.1 km |
| Simei | EW3 | East-West Line | 1.4 km |
Nearby Schools
There are 13 schools within 2 km of PALMWOODS, including 7 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Ping Yi Secondary School | Secondary | 470m |
| Fengshan Primary School | Primary | 560m |
| Casuarina Primary School | Primary | 590m |
| Bedok North Secondary School | Secondary | 760m |
| Bedok Green Primary School | Primary | 770m |
| Bedok View Secondary School | Secondary | 910m |
| Park View Primary School | Primary | 920m |
| Yu Neng Primary School | Primary | 1.2 km |
| Opera Estate Primary School | Primary | 1.5 km |
| Bedok South Secondary School | Secondary | 1.6 km |
| Changkat Primary School | Primary | 1.6 km |
| Tampines Meridian Junior College | Jc | 1.7 km |
FAQ
What is the average price for PALMWOODS?
What is the rental yield for PALMWOODS?
Is PALMWOODS 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: 17 transactions analysed
- Rental data: 31 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 PALMWOODS
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.