16 Palm Grove Avenue

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

Data through 1 October 2024

Intro: 16 Palm Grove Avenue is a semi-detached 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 2 times, amounting to $4.2M+ in total.

D19OCRNorth EastHougang

16 Palm Grove Avenue project details

Street

Palm Grove Avenue

Property Type

Semi-Detached

Completion

2008

Total Units

-1

Unit Size

3,305 sqft

Tenure

999 yrs from 02/12/1878

Lease Remaining

851 yrs

Postal Sector

MRT and LRT stations near 16 Palm Grove Avenue

Kovan736 m MRTNE13

See details on nearby stations

Primary schools near 16 Palm Grove Avenue

Zhonghua Primary School898 m

See details on nearby schools

16 Palm Grove Avenue price, PSF and transaction trends

HDB Buyers

$4.2M+

Total Transacted

30-06-2007

First Transacted

26-11-2012

Last Transacted

Total Transactions

16 Palm Grove Avenue transaction volume

New SaleSub SaleResale

Among the latest 2 recorded sales for 16 Palm Grove Avenue, the median price was S$2,100,000 and the median PSF was S$636 psf. The newest record shown is from 26 November 2012. The annual project median was 47.3% higher in 2012 than in 2007; unit mix can affect year-to-year comparisons.

Recent 16 Palm Grove Avenue transactions

Date	Sale type	Price	PSF	Size
26 November 2012	Resale	S$2,500,000	S$757 psf	3,305 sqft
30 June 2007	New Sale	S$1,700,000	S$514 psf	3,305 sqft

16 Palm Grove Avenue median transaction PSF (S$)

16 Palm Grove Avenue annual price trend

Year	Median price	Median PSF	Recorded sales
2012	S$2,500,000	S$757 psf	1
2007	S$1,700,000	S$514 psf	1

100.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

5.4 yrs

Avg Holding

$800,000

Total Profits

16 Palm Grove Avenue annualized profit %

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16 Palm Grove Avenue rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 12 recorded rental contracts for 16 Palm Grove Avenue, the median monthly rent was S$4,650, with records ranging from S$4,100 to S$7,500.

Recent 16 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

16 Palm Grove Avenue rental volume

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Frequently asked questions about 16 Palm Grove Avenue

How much do units at 16 Palm Grove Avenue cost?

The latest 2 recorded sales show a median price of S$2,100,000 and a median of S$636 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at 16 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 16 Palm Grove Avenue freehold or leasehold?

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

When was 16 Palm Grove Avenue completed?

16 Palm Grove Avenue was completed in 2008.

Which MRT or LRT station is nearest to 16 Palm Grove Avenue?

Kovan is the nearest station shown, at an estimated straight-line distance of 736 metres.

Which primary schools are near 16 Palm Grove Avenue?

The primary schools shown within the page’s one-kilometre search are Zhonghua Primary School (898 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.