Rent vs D23 Near district
Rents near district median
Palm Gardens's latest 12-month median rent is $3,800 compared with the D23 median of $3,800 for the same period. Use this district check before narrowing by bedroom and area band.
Palm Gardens rent and sale price
D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang
Address 2c Hong San Walk Palm Gardens Singapore 689049
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Quick summary about Palm Gardens
Palm Gardens is a 99-year leasehold condominium in D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang. The page currently tracks 259 rentals and 143 sales.
- Latest 12M median rent is $3,800 per month from 36 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $1,277,500, with median sale PSF at $1,062 psf from 18 sales.
- Rent is down 1.3% over the last 3 months. Sale PSF is up 3.2% over the last 3 months.
Palm Gardens Market Brief
Compare the project with D23 across rent, sale PSF, tenure and transaction activity.
Compared with D23
Sale PSF vs D23 -33.7%
Sale PSF below district median
Palm Gardens's latest 12-month median sale PSF is $1,062 psf versus the D23 median of $1,603 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 3.57%
Rent support above district screen
Gross yield is roughly 3.57% versus a D23 screen of 3.00%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 18.3% spread
Rent has some movement
Recent rents moved enough that bedroom count, area band and latest contracts matter.
Market activity -7.7%
Activity is steady
Recent transaction volume is close to the prior 6-month view.
Tenure lens 99-year leasehold
Leasehold comparison needed
99-year leasehold from 1996 matters most on sale price. Compare Palm Gardens against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $3,800
Is the asking rent fair?
$3,600 to $4,000 is the first fair-rent band to check. Above $4,000 should have a visible reason.
Latest 12M median sale PSF $1,062 psf
Is the purchase price fair?
$1,240,000 to $1,320,000 and $1,030 to $1,090 psf are the first sale checks before adjusting for floor, size, view and condition.
3 bed rent $3,700
Are similar units renting for more?
3 bed and 1,200 to 1,300 sqft give the closest unit-size checks.
Rent stability 18.3% spread
Is rent stable here?
Rent has some movement. Recent rents moved enough that bedroom count, area band and latest contracts matter.
Transaction volume -7.7%
Is activity rising?
Activity is steady. Recent transaction volume is close to the prior 6-month view.
Palm Gardens Project Facts
Project-level details from URA records and local enrichment.
Tenure 99-year leasehold from 1996
Property type Condominium, Non-Landed Properties
Sales 143 resale transactions
Total sold value $171.8M
Palm Gardens Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 259 Jun 2021 to Jun 2026
Sale transactions 143 Jun 2021 to Jul 2026
Rent trend -1.3% Last 3 months
Sale PSF trend 3.2% Last 3 months
Palm Gardens Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
CHOA CHU KANG WEST MRT STATION (JS2) 0.73 km away
CHOA CHU KANG MRT STATION (NS4) 0.78 km away
CHOA CHU KANG MRT STATION (JS1) 0.79 km away
Schools nearby
SOUTH VIEW PRIMARY SCHOOL 0.34 km away
CHUA CHU KANG PRIMARY SCHOOL 0.54 km away
TECK WHYE PRIMARY SCHOOL 0.93 km away
CHUA CHU KANG SECONDARY SCHOOL 1.08 km away
Amenities
CHOA CHU KANG PARK CONNECTOR Park / green link · 0.75 km away
SENJA HAWKER CENTRE Food centre · 1.87 km away
Palm Gardens Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $3,850 60 rentals in view
Latest median sale PSF $1,096 psf 34 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Jul 2026 0 - 3 $1,096 psf $1,050,000
Jun 2026 3 $3,850 2 $1,051 psf $1,277,500
May 2026 6 $3,600 0 - -
Apr 2026 3 $3,850 1 $1,153 psf $1,650,000
Mar 2026 3 $4,000 1 $1,062 psf $1,292,000
Feb 2026 1 $3,900 1 $1,054 psf $1,010,000
Jan 2026 2 $3,400 1 $1,062 psf $1,280,000
Dec 2025 3 $4,100 2 $1,091 psf $1,440,000
Nov 2025 4 $3,500 4 $1,008 psf $1,169,000
Oct 2025 2 $3,675 2 $1,046 psf $1,272,500
Sept 2025 2 $4,050 1 $1,096 psf $1,321,888
Aug 2025 1 $3,800 2 $1,089 psf $1,312,500
Projects Similar to Palm Gardens
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 1995 Regent Heights 3.1 km away 500 transactions
- Median rent
- $3,600
- Median sale PSF
- $988 psf
- Median rent
- $3,300
- Median sale PSF
- $1,006 psf
- Median rent
- $3,700
- Median sale PSF
- $940 psf
- Median rent
- $3,250
- Median sale PSF
- $959 psf
- Median rent
- $4,000
- Median sale PSF
- $919 psf
- Median rent
- $3,850
- Median sale PSF
- $1,092 psf
Palm Gardens Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
2 bed $3,000 $2,823 43
3 bed $3,700 $3,528 181
4 bed $3,900 $3,913 35
Palm Gardens Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
900 to 1,000 sqft $3,000 $2,823 43
1,200 to 1,300 sqft $3,700 $3,505 173
1,300 to 1,400 sqft $4,150 $4,050 10
1,400 to 1,500 sqft $3,900 $3,824 23
1,900 to 2,000 sqft $4,000 $4,025 8
2,300 to 2,400 sqft $4,250 $4,250 2
Palm Gardens Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $1,225,000 $1,003 psf 34
06 to 10 $1,197,500 $996 psf 44
11 to 15 $1,263,500 $1,033 psf 52
16 to 20 $1,310,000 $1,038 psf 13
Palm Gardens Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
Palm Gardens shows a latest 12-month median monthly rent of $3,800 across 36 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $3,800
Rentals in period 36
Rent signal Strong
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Latest 12M sales at Palm Gardens show a median price of $1,277,500 and $1,062 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $1,277,500
Latest 12M median PSF $1,062 psf
Sale signal Strong
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- 99-year leasehold from 1996 should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. Palm Gardens has 143 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Strong
Total sold value $171.8M
Latest record Jul 2026
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
Run Palm Gardens numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $3,800/mo Test gross and net yield against typical rent. Buy vs rent $1.3M Compare ownership cost against renting. Mortgage $1.3M Estimate monthly payment from the sale price. Stamp duty $1,062 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
District context
Use D23 to compare Palm Gardens against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
Palm Gardens FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Palm Gardens?
Palm Gardens has a latest 12-month median monthly rent of $3,800 across 36 rentals in that period.
What is the typical sale price at Palm Gardens?
The latest 12-month median sale price for Palm Gardens is $1,277,500, based on 18 sales in that period.
What is the median sale PSF at Palm Gardens?
The latest 12-month median sale price per square foot for Palm Gardens is $1,062 psf. The average for the same period is $1,058 psf.
Is Palm Gardens freehold or leasehold?
Palm Gardens is listed as 99-year leasehold from 1996. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Palm Gardens located?
Palm Gardens is located at 2c Hong San Walk Palm Gardens Singapore 689049 in D23 / Hillview, Dairy Farm, Bukit Panjang, Choa Chu Kang.
How current is the Palm Gardens transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.