Palisades
Palisades is a freehold condominium in District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town), within Singapore's Rest of Central Region (RCR). The development was completed in 1985 and comprises 18 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
PALISADES is a freehold condominium at PASIR PANJANG ROAD in District 5 (RCR), developed by PALISADES DEVELOPMENT PTE LTD, comprising 18 units, completed in 1985.
Location & Connectivity
PALISADES is approximately 550m from Haw Par Villa MRT station, with 2 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Haw Par Villa | Circle Line | 550m |
| Kent Ridge | Circle Line | 880m |
Schools & Education
4 schools within 2 km.
| School | Type | Distance |
|---|---|---|
| National University of Singapore | Tertiary | 1.1 km |
| Dulwich College (Singapore) | International | 1.2 km |
| The Japanese School | International | 1.9 km |
| Dover Court International School | International | 2 km |
Market Position
PALISADES has recorded 6 sales at an average price of $3,698,333.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2022 | 2 | $1,093 psf | — |
| 2023 | 2 | $1,213 psf | ↑ 11.0% |
| 2025 | 2 | $1,088 psf | ↓ 10.3% |
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PALISADES prices have cooled 10.3% from the 2023 peak, yet remain 0.4% below where the series began in 2022.
Price Index Check
The ShiokNest Price Index for District 5 reads 134.8 as of June 2026 — down 5.5% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| LANDED HOUSING DEVELOPMENT | Freehold | $1,858 psf | 6241 |
| NORMANTON PARK | 99 yrs lease commencing from 2019 | $1,868 psf | 1433 |
| PARC CLEMATIS | 99 yrs lease commencing from 2019 | $1,896 psf | 1428 |
| ELTA | 99 yrs lease commencing from 2024 | $2,557 psf | 413 |
| FABER RESIDENCE | 99 yrs lease commencing from 2025 | $2,159 psf | 384 |
What Could Work Against You
- Only 1 transaction were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 18 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
- Completed in 1985, the development is over 41 years old — budget for rising maintenance, dated M&E systems, and the possibility that value increasingly rests on en-bloc potential rather than the units themselves.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, international school families, sea-view / waterfront and en-bloc speculators. At ~552m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
yield-focused investors, long-term hold (10+ yr) and foreign / absd-aware buyers should treat this as a shortlist candidate, not a default choice.
It is a weaker fit for resort facilities — other options likely serve them better. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
PALISADES is a freehold development in District 5 (RCR), with 18 units, offering a gross yield of 2.5%.
At ~$1,088 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full PALISADES dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALISADES against staying public? These HDB towns sit within walking or short-drive distance:
- Queenstown — 4-room average $1,002,705 (1.8 km away), an upgrader gap of about $2,700,000
FAQ
What is the average PSF for PALISADES?
Is PALISADES freehold?
What is the rental yield for PALISADES?
Which MRT is nearest to PALISADES?
Sources & Next Steps
- PALISADES Dashboard — Live charts and analytics
- URA — Official transaction data
- District 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) — District 5 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 6 transactions
- Rental data: 17 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jul 2025 · 6 records analysed · Source: URA private-sale caveats