Palm Grove Condo Price Trends & Market Analysis | Homejourney

Palm Grove Condominium on Palm Grove Avenue in District 19 (Serangoon/Hougang) shows steady price growth, with recent sales averaging S$1,435 to S$1,501 psf based on URA data from the last 12 months. This cluster article dives into Palm Grove Condominium Price Trends and Market Analysis, offering actionable insights for buyers and investors while linking back to our comprehensive Palm Grove Condominium project overview for full details.

Current Price Snapshot (March 2026)

As of early 2026, Palm Grove Condominium units are transacting between S$1,375 psf and S$1,597 psf, with an average of S$1,501 psf for recent resales.[1][3] Absolute prices range from S$1.02M to S$2.88M, depending on unit size and floor level.[3][4] These figures reflect a resilient market in D19, where demand from families and investors remains strong due to proximity to Serangoon MRT and amenities.

Homejourney verifies all transaction data from official URA sources to ensure transparency and user trust. For the latest listings, browse available units at Palm Grove Condominium.

Historical Price Trends

Palm Grove Condominium, a 999-year leasehold development completed in 2002 by Pidemco Land Pte Ltd, has seen consistent appreciation.[4] Over the past three years, average psf prices hovered around S$1,330 for smaller units (678 sqft) and S$1,440 for larger ones (1,292 sqft).[8] The highest recent transaction hit S$1,597 psf in July 2024 for a 1,496-sqft unit, while lows were S$1,426 psf in November 2024.[1][2]

Compared to 2021 data from nearby Palm Grove Regency (strata terrace at S$749–S$900 psf), Palm Grove Condo commands a premium due to its low-density 111-unit setup across 4 floors.[4][6] Prices have risen ~10-15% since 2023, outpacing some D19 peers amid cooling measures.[1] View full trends in our detailed project analysis.

Rental Yield and Income Potential

Rental yields at Palm Grove Condominium stand at approximately 2.5%, typical for mature D19 estates.[1] Monthly rents range from S$3,000, supporting steady cash flow for investors. Demand is driven by proximity to schools and Heartland Mall Kovan, with NTUC FairPrice and Cold Storage nearby.[1]

Insider tip: Units facing quieter Palm Grove Avenue rent faster to expatriates working in nearby tech parks. Calculate potential yields using Homejourney's mortgage calculator for personalized financing scenarios.

Market Comparison with D19 Peers

Palm Grove Condo outperforms some neighbors in value retention. Here's a quick comparison based on recent URA data:

Project	Avg PSF (2026)	Rental Yield	Tenure
Palm Grove Condo	S$1,501[1]	2.5%[1]	999-yr[4]
Affinity at Serangoon	S$1,450 (est.)[5]	2.4%	99-yr
The Florence Residences	S$1,600+[5]	2.6%	99-yr

Palm Grove's near-freehold status (999-year leasehold) offers better long-term value than standard 99-year condos.[4] For broader D19 insights, check our Palm Grove Condominium D19 Guide: Prices, Units & Investment Value ">Palm Grove Condominium D19 Guide.

Factors Driving Price Trends

Several elements fuel Palm Grove's upward trajectory:

Location Edge: 10-15 min walk to Serangoon MRT (North East Line), with easy PIE/CTE access. 20-25 min drive to CBD.
Amenities Boost: On-site pool, gym, BBQ pits, and 24-hour security. Nearby: Kovan Heartland Mall (groceries, dining), CHIJ Our Lady of Good Counsel School (primary), and Serangoon Gardens Country Club.
District Growth: D19's family appeal, with upcoming HDB upgrades and LTA bus enhancements, supports 3-5% annual appreciation.
Supply Constraints: Low unit count (111 total) limits resale volume, maintaining pricing power.[4]

Disclaimer: Prices fluctuate; consult URA for latest data and a Homejourney-verified agent via speak to a property agent.

Investment Potential and Risks

Capital Growth: Expect 4-6% psf uplift by 2028, driven by D19's rental demand (tenants from Hougang tech firms) and limited new supply.[1] Liquidity is solid with 5-10 annual resales.

Risks: Sensitivity to interest rates; older build (TOP 2002) may need maintenance like aircon servicing—explore Homejourney's Aircon Services ">aircon services post-purchase.

Best for: Families seeking spacious units (up to 3BR, 1,000-1,500 sqft) and investors eyeing 2.5%+ yields. Compare with Summer Grove Investment: Rental Yield & Growth Analysis | Homejourney ">Summer Grove Investment Analysis for alternatives.

Actionable Steps for Buyers

Review URA transaction history on Homejourney's projects directory.
Visit site: Exit B from Serangoon MRT, 1.2km walk along Palm Grove Ave.
Assess financing: Use bank rates tool for ABSD/TDSR checks.
Inspect units: Prioritize mid-floor for views, avoiding ground-level noise.
Contact agent: Secure viewings safely through Homejourney agents.

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FAQ

What is the current average PSF at Palm Grove Condominium?
Average S$1,501 psf based on last 12 months' URA data, ranging S$1,375–S$1,597 psf.[1]

Is Palm Grove Condo a good investment in 2026?
Yes, with 2.5% yields and D19 growth potential, but factor in maintenance for its 2002 TOP.[1][4]

How does Palm Grove compare to new D19 launches?
Offers better tenure (999-yr) and value vs. 99-yr peers like Affinity at Serangoon.[4][5]

What are typical unit sizes?
From 678 sqft (smaller 2BR) to 1,496 sqft (larger units).[1][8]

Where to find Palm Grove listings?
Search on Homejourney for verified options.

Ready to explore Palm Grove Condominium Price Trends and Market Analysis further? Start with our comprehensive Palm Grove Condominium analysis and browse listings today on Homejourney—your trusted partner for safe, informed property decisions.