12L Palm Grove Avenue

Terrace House · in Hougang, District 19, Singapore · 999 yrs from 02/12/1878 · Completed 2008

Data through 1 October 2024

Intro: 12L Palm Grove Avenue is a terrace house located along Palm Grove Avenue within District 19 with a 999-year lease commencing on 2 December 1878. It was completed in 2008. So far it has been transacted a total of 3 times, amounting to $5.4M+ in total.

D19OCRNorth EastHougang

12L Palm Grove Avenue project details

Street

Palm Grove Avenue

Property Type

Terrace

Completion

2008

Total Units

-1

Unit Size

2,939 sqft

Tenure

999 yrs from 02/12/1878

Lease Remaining

851 yrs

Postal Sector

MRT and LRT stations near 12L Palm Grove Avenue

Kovan719 m MRTNE13

See details on nearby stations

Primary schools near 12L Palm Grove Avenue

Zhonghua Primary School916 m

See details on nearby schools

12L Palm Grove Avenue price, PSF and transaction trends

33%

HDB Buyers

$5.4M+

Total Transacted

25-06-2007

First Transacted

15-03-2021

Last Transacted

Total Transactions

12L Palm Grove Avenue transaction volume

New SaleSub SaleResale

Among the latest 3 recorded sales for 12L Palm Grove Avenue, the median price was S$1,660,000 and the median PSF was S$565 psf. The newest record shown is from 15 March 2021. The annual project median was 40.5% higher in 2021 than in 2007; unit mix can affect year-to-year comparisons.

Recent 12L Palm Grove Avenue transactions

Date	Sale type	Price	PSF	Size
15 March 2021	Resale	S$2,200,000	S$749 psf	2,939 sqft
22 February 2011	Resale	S$1,660,000	S$565 psf	2,939 sqft
25 June 2007	New Sale	S$1,567,000	S$533 psf	2,939 sqft

12L Palm Grove Avenue median transaction PSF (S$)

12L Palm Grove Avenue annual price trend

Year	Median price	Median PSF	Recorded sales
2021	S$2,200,000	S$749 psf	1
2011	S$1,660,000	S$565 psf	1
2007	S$1,567,000	S$533 psf	1

100.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

6.9 yrs

Avg Holding

$633,000

Total Profits

12L Palm Grove Avenue annualized profit %

View full details

12L Palm Grove Avenue rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 12 recorded rental contracts for 12L Palm Grove Avenue, the median monthly rent was S$4,650, with records ranging from S$4,100 to S$7,500.

Recent 12L Palm Grove Avenue rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 October 2024	—	S$7,500	S$3 psf	2500-3000
1 October 2022	—	S$7,500	S$3 psf	2500-3000
1 December 2020	—	S$4,500	S$2 psf	2500-3000
1 July 2020	—	S$4,300	S$2 psf	2500-3000
1 July 2020	—	S$4,800	S$2 psf	2500-3000

12L Palm Grove Avenue rental volume

View full details

Frequently asked questions about 12L Palm Grove Avenue

How much do units at 12L Palm Grove Avenue cost?

The latest 3 recorded sales show a median price of S$1,660,000 and a median of S$565 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at 12L Palm Grove Avenue?

The latest recorded median monthly rent is S$4,650. Rental yield is indicative and can vary by unit and costs.

Is 12L Palm Grove Avenue freehold or leasehold?

12L Palm Grove Avenue has a tenure of 999 yrs from 02/12/1878.

When was 12L Palm Grove Avenue completed?

12L Palm Grove Avenue was completed in 2008.

Which MRT or LRT station is nearest to 12L Palm Grove Avenue?

Kovan is the nearest station shown, at an estimated straight-line distance of 719 metres.

Which primary schools are near 12L Palm Grove Avenue?

The primary schools shown within the page’s one-kilometre search are Zhonghua Primary School (916 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 October 2024. Figures are indicative and do not constitute financial advice.