PALM GARDENS
HONG SAN WALK · District 23 · 99 yrs lease commencing from 1996
Median Price
S$1.2M
Price Range
S$785K - S$1.9M
Tenure
Leasehold
Avg Rent
S$3.14 psf
What is the price of PALM GARDENS?
The median transaction price at PALM GARDENS is S$1,230,000, based on 142 URA-recorded transactions. Prices range from S$785K to S$1.9M. PALM GARDENS is a leasehold development on HONG SAN WALK in District 23 (Bukit Panjang). High-floor units cost 9% more than low-floor units. Average rent is S$3.14 per square foot per month.
PALM GARDENS Price Analysis
PALM GARDENS is a leasehold development on HONG SAN WALK in District 23 (Bukit Panjang). According to URA transaction records, 142 private residential transactions have been recorded at this development, with a median price of S$1,230,000. Prices range from S$785K for the smallest units to S$1.9M for premium configurations.
The development offers units across 4 size categories. The most traded segment is 2-bed (70-100 sqm) at a median of S$955,000. Larger units (5+ bed (170+ sqm)) trade at S$1,660,000, reflecting the premium for additional space.
Floor level significantly impacts pricing at PALM GARDENS. High-floor units (16-20) command a median of S$1,299,000, while low-floor units (06-10) sell for S$1,195,000. That is a 9% premium for higher floors, worth S$104K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, PALM GARDENS commands an average of S$3.14 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 2.6%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| 2-Bed (70-100 sqm) | S$955K | 89 sqm | 13 |
| 3-Bed (100-130 sqm) | S$1.2M | 114 sqm | 109 |
| 4-Bed (130-170 sqm) | S$1.5M | 133 sqm | 15 |
| 5+ Bed (170+ sqm) | S$1.7M | 187 sqm | 5 |
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What is the average price of PALM GARDENS?
The median transaction price at PALM GARDENS is S$1,230,000, based on 142 URA-recorded transactions. Prices range from S$785K to S$1.9M.
Does floor level affect prices at PALM GARDENS?
Yes. High-floor units (16-20) sell for a median of S$1,299,000, while low-floor units (06-10) sell for S$1,195,000. That is a 9% premium for higher floors.
What is the rental rate at PALM GARDENS?
The average rental rate at PALM GARDENS is approximately S$3.14 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.