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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Condominium, Non-Landed Properties 394 transactions 99-year leasehold from 1996 Latest records Jun 2026
Similar projects nearby
Project read
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 256 rentals and 138 sales.
- Typical rent is $3,500 per month, with bedroom and floor-area splits below for a closer unit-level view.
- Typical sale price is $1,249,000, with median sale PSF at $998 psf and total recorded sale value of $165.9M.
- Rent is down 1.3% over the last 3 months. Sale PSF is flat over the last 3 months.
Palm Gardens Market Position
How this project compares with the wider D23 market before you read the detailed tables.
Rent vs D23 Near district
Rents near district median
Palm Gardens's median rent is $3,500 compared with the D23 median of $3,500. Use this as the district-level check before narrowing by bedroom and area band.
Sale PSF vs D23 -32.9%
Sale PSF below district median
Palm Gardens's median sale PSF is $998 psf versus the D23 median of $1,486 psf. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 3.36%
Rent support above district screen
Gross yield is roughly 3.36% versus a D23 screen of 2.92%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 18.5% spread
Rent has some movement
Recent rents moved enough that bedroom count, area band and latest contracts matter.
Market activity -35.1%
Activity is lighter
24 recent transactions versus 37 in 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.
Palm Gardens Decision Snapshot
Fast checks for rent fairness, purchase pricing, stable rent and transaction activity before you dig into the tables.
Median rent $3,500
Is the asking rent fair?
$3,350 to $3,700 is the first fair-rent band to check. Above $3,700 should have a visible reason.
Median sale PSF $998 psf
Is the purchase price fair?
$1,210,000 to $1,290,000 and $970 to $1,030 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 18.5% spread
Is rent stable here?
Rent has some movement. Recent rents moved enough that bedroom count, area band and latest contracts matter.
Transaction volume -35.1%
Is activity rising?
Activity is lighter. 24 recent transactions versus 37 in the prior 6-month view.
Run Palm Gardens numbers
Use the typical rent and sale price from this project page as a starting point, then adjust the calculator assumptions.
Rental yield $3,500/mo Test gross and net yield against typical rent. Buy vs rent $1.2M Compare ownership cost against renting. Mortgage $1.2M Estimate monthly payment from the sale price. Stamp duty $998 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
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 138 resale transactions
Total sold value $165.9M
Palm Gardens Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 256 Jun 2021 to May 2026
Sale transactions 138 Jun 2021 to Apr 2026
Rent trend -1.3% Last 3 months
Sale PSF trend 0.0% 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
SHG STUDENT CARE (TECK WHYE PRIMARY SCHOOL) 1 km away
Amenities
BISHAN NORTH SHOPPING MALL Mall / retail · 11.15 km away
FAIRPRICE HUB Daily needs · 9.6 km away
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 $3,600 62 rentals in view
Latest median sale PSF $1,153 psf 33 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
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
Jul 2025 6 $3,675 4 $1,114 psf $1,585,000
Jun 2025 6 $3,775 3 $1,047 psf $1,322,800
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 490 transactions
- Median rent
- $3,600
- Median sale PSF
- $988 psf
- Median rent
- $3,300
- Median sale PSF
- $1,006 psf
- Median rent
- $3,600
- Median sale PSF
- $1,032 psf
- Median rent
- $3,300
- Median sale PSF
- $1,054 psf
- Median rent
- $3,250
- Median sale PSF
- $955 psf
- Median rent
- $3,700
- Median sale PSF
- $938 psf
Palm Gardens Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
2 bed $3,000 $2,816 42
3 bed $3,700 $3,526 180
4 bed $3,900 $3,872 34
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 $2,816 42
1,200 to 1,300 sqft $3,700 $3,503 172
1,300 to 1,400 sqft $4,000 $3,911 9
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 $992 psf 40
11 to 15 $1,260,000 $1,028 psf 51
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 typical monthly rent of $3,500 across 256 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Median rent $3,500
Rentals 256
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
Recent sales at Palm Gardens point to a typical sale price of $1,249,000 and $998 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Median sale $1,249,000
Median PSF $998 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 138 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Strong
Total sold value $165.9M
Latest record May 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.
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 median monthly rent of $3,500 across 256 rentals.
What is the typical sale price at Palm Gardens?
The median sale price for Palm Gardens is $1,249,000, based on 138 sales on this page.
What is the median sale PSF at Palm Gardens?
The median sale price per square foot for Palm Gardens is $998 psf. The average sale PSF is $962 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.