Palm Green
Palm Green 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 1999 and comprises 40 units. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
PALM GREEN is a freehold condominium at PASIR PANJANG ROAD in District 5 (RCR), developed by PARKSTONE REAL ESTATE PTE LTD (ECICS PROPERTY LTD), comprising 40 units, completed in 1999.
Location & Connectivity
PALM GREEN is located in District 5. Check the dashboard for full transport connectivity data.
Schools & Education
6 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| National University of Singapore | Tertiary | 990m |
| The Japanese School | International | 1 km |
| Kent Ridge Secondary School | Secondary | 1.4 km |
| NUS High School of Mathematics and Science | JC | 1.8 km |
| International Community School | International | 1.8 km |
| Anglo-Chinese School (Independent) | Secondary | 2 km |
Market Position
PALM GREEN has recorded 6 sales at an average price of $1,521,667.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 3 | $1,161 psf | — |
| 2024 | 2 | $1,289 psf | ↑ 11.1% |
| 2025 | 1 | $1,486 psf | ↑ 15.3% |
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The latest reading marks the highest point in this series — PALM GREEN prices have climbed 28.1% since 2021.
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
- With just 1 sale in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 40-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, tertiary student housing, long-term hold (10+ yr) and freehold / generational hold. Parking and arterial road access matter more here than walking-distance MRT.
For sports / active lifestyle and yield-focused investors, it can work — but weigh the trade-offs before committing.
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
PALM GREEN is a freehold development in District 5 (RCR), with 40 units, offering a gross yield of 3.1%.
At ~$1,486 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full PALM GREEN dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALM GREEN against staying public? These HDB towns sit within walking or short-drive distance:
- Clementi — 4-room average $838,557 (1.1 km away), an upgrader gap of about $700,000
- Queenstown — 4-room average $1,002,705 (2 km away), an upgrader gap of about $500,000
FAQ
What is the average PSF for PALM GREEN?
Is PALM GREEN freehold?
What is the rental yield for PALM GREEN?
Sources & Next Steps
- PALM GREEN 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: 52 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Oct 2025 · 6 records analysed · Source: URA private-sale caveats