Palm Haven
Palm Haven is a 999-year leasehold condominium located in District 19 (Punggol, Hougang, Serangoon Gardens), part of the Outside Central Region (OCR). The development was completed in 2003 and comprises 48 units, on a lease that commenced in 1876. This page tracks recorded sale prices, rental contracts and yield trends from URA data.
Overview & Key Facts
PALM HAVEN is a 999 yrs lease commencing from 1876 condominium at PALM GROVE AVENUE in District 19 (OCR), developed by CAPITALAND, comprising 48 units, completed in 2003.
Location & Connectivity
PALM HAVEN is approximately 820m from Kovan MRT station, with 3 stations within 1.5 km.
Schools & Education
24 schools within 2 km (14 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Xinmin Secondary School | Secondary | 420m |
| Hillside World Academy | International | 450m |
| Yangzheng Primary School | Primary | 510m |
| Serangoon Secondary School | Secondary | 560m |
| Xinmin Primary School | Primary | 570m |
| Cedar Primary School | Primary | 590m |
| Cedar Girls' Secondary School | Secondary | 650m |
| Zhonghua Secondary School | Secondary | 860m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 5 | $1,284 psf | $1,435,000 |
| 4 BR | 2 | $1,425 psf | $2,125,000 |
Market Position
PALM HAVEN has recorded 7 sales at an average price of $1,632,143.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 2 | $1,088 psf | — |
| 2024 | 3 | $1,391 psf | ↑ 27.9% |
| 2026 | 2 | $1,461 psf | ↑ 5.0% |
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PALM HAVEN prices sit at a fresh series high after a 5.0% gain on the prior period, now 34.3% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 19 reads 131.3 as of June 2026 — up 2.8% 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 |
|---|---|---|---|
| CHUAN PARK | 99 yrs lease commencing from 2024 | $2,596 psf | 883 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | $1,752 psf | 873 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | $1,596 psf | 648 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | $1,699 psf | 604 |
| SERANGOON GARDEN ESTATE | Freehold | $1,759 psf | 491 |
What Could Work Against You
- Only 2 transactions 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 48 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
The profile fits car-owning households, long-term hold (10+ yr), freehold / generational hold and cpf-only buyers best. Parking and arterial road access matter more here than walking-distance MRT.
It is a weaker fit for yield-focused investors — other options likely serve them better. OCR (Outside Central Region) location with rental demand profile worth running through our Rental Yield Calculator.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
PALM HAVEN is a 999 yrs lease commencing from 1876 development in District 19 (OCR), with 48 units, offering a gross yield of 2.7%.
At ~$1,461 psf, it represents a competitive entry point in the OCR segment.
Explore the full PALM HAVEN dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALM HAVEN against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for PALM HAVEN?
Is PALM HAVEN freehold?
What is the rental yield for PALM HAVEN?
Which MRT is nearest to PALM HAVEN?
Sources & Next Steps
- PALM HAVEN Dashboard — Live charts and analytics
- URA — Official transaction data
- District 19 (Punggol, Hougang, Serangoon Gardens) — District 19 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: 7 transactions
- Rental data: 26 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2026 · 7 records analysed · Source: URA private-sale caveats