Palm Mansions
Palm Mansions 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 1998 and comprises 30 units. Sale and rental figures on this page are compiled from URA transaction records.
Overview & Key Facts
PALM MANSIONS is a freehold condominium at PASIR PANJANG ROAD in District 5 (RCR), developed by WESTERN PROPERTIES PTE LTD (FAR EAST ORGANIZATION), comprising 30 units, completed in 1998.
Location & Connectivity
PALM MANSIONS is approximately 970m from Haw Par Villa MRT station, with 2 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Haw Par Villa | Circle Line | 970m |
| Kent Ridge | Circle Line | 1.1 km |
Schools & Education
6 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| National University of Singapore | Tertiary | 860m |
| The Japanese School | International | 1.5 km |
| Dulwich College (Singapore) | International | 1.5 km |
| Kent Ridge Secondary School | Secondary | 1.7 km |
| Dover Court International School | International | 1.9 km |
| United World College of South East Asia (Dover) | International | 1.9 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 2 BR | 1 | $1,548 psf | $1,250,000 |
| 3 BR | 5 | $1,328 psf | $1,435,000 |
| 4 BR | 2 | $1,297 psf | $1,920,000 |
Market Position
PALM MANSIONS has recorded 8 sales at an average price of $1,533,125.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at PALM MANSIONS typically rent harder per dollar of purchase price. The final column shows monthly rent per $100,000 invested, so unit sizes compare on equal capital:
| Type | Avg Rent | Avg Price | Gross Yield | Rent per $100k |
|---|---|---|---|---|
| 2 BR | $3,281/mo | $1,250,000 | 3.15% | $262/mo |
| 3 BR | $4,430/mo | $1,435,000 | 3.70% | $309/mo |
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Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 2021 | 1 | $1,302 psf | — |
| 2022 | 1 | $1,384 psf | ↑ 6.4% |
| 2023 | 2 | $1,269 psf | ↓ 8.3% |
| 2024 | 2 | $1,293 psf | ↑ 1.9% |
| 2025 | 1 | $1,548 psf | ↑ 19.8% |
| 2026 | 1 | $1,424 psf | ↓ 8.0% |
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PALM MANSIONS prices have cooled 8.0% from the 2025 peak, yet remain 9.4% above where the series began in 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
- 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 30 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
Buyers most likely to be happy here: car-owning households, tertiary student housing, long-term hold (10+ yr) and freehold / generational hold. At ~975m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
For international school families and yield-focused investors, it can work — but weigh the trade-offs before committing.
resort facilities should probably look elsewhere. 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 MANSIONS is a freehold development in District 5 (RCR), with 30 units, offering a gross yield of 2.9%.
At ~$1,486 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full PALM MANSIONS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PALM MANSIONS against staying public? These HDB towns sit within walking or short-drive distance:
- Queenstown — 4-room average $1,002,705 (1.7 km away), an upgrader gap of about $550,000
- Clementi — 4-room average $838,557 (1.8 km away), an upgrader gap of about $700,000
FAQ
What is the average PSF for PALM MANSIONS?
Is PALM MANSIONS freehold?
What is the rental yield for PALM MANSIONS?
Which MRT is nearest to PALM MANSIONS?
Sources & Next Steps
- PALM MANSIONS 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: 8 transactions
- Rental data: 54 leases
- Source: URA
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Feb 2026 · 8 records analysed · Source: URA private-sale caveats