16B 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: 16B 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 3 times, amounting to $6.6M+ in total.

D19OCRNorth EastHougang

16B Palm Grove Avenue project details

Street

Palm Grove Avenue

Property Type

Semi-Detached

Completion

2008

Total Units

-1

Unit Size

3,186 sqft

Tenure

999 yrs from 02/12/1878

Lease Remaining

851 yrs

Postal Sector

MRT and LRT stations near 16B Palm Grove Avenue

Kovan715 m MRTNE13

See details on nearby stations

Primary schools near 16B Palm Grove Avenue

Zhonghua Primary School915 m

See details on nearby schools

16B Palm Grove Avenue price, PSF and transaction trends

HDB Buyers

$6.6M+

Total Transacted

20-03-1996

First Transacted

12-03-2021

Last Transacted

Total Transactions

16B Palm Grove Avenue transaction volume

New SaleSub SaleResale

Among the latest 4 recorded sales for 16B Palm Grove Avenue, the median price was S$2,059,000 and the median PSF was S$646 psf. The newest record shown is from 12 March 2021. The annual project median was 63.6% higher in 2021 than in 1996; unit mix can affect year-to-year comparisons.

Recent 16B Palm Grove Avenue transactions

Date	Sale type	Price	PSF	Size
12 March 2021	Resale	S$2,435,000	S$764 psf	3,186 sqft
10 July 2017	Resale	S$2,200,000	S$690 psf	3,186 sqft
6 May 2011	Resale	S$1,918,000	S$602 psf	3,186 sqft
20 March 1996	Resale	S$930,000	S$467 psf	1,991 sqft

16B Palm Grove Avenue median transaction PSF (S$)

16B Palm Grove Avenue annual price trend

Year	Median price	Median PSF	Recorded sales
2021	S$2,435,000	S$764 psf	1
2017	S$2,200,000	S$690 psf	1
2011	S$1,918,000	S$602 psf	1
1996	S$930,000	S$467 psf	1

100.0%

% Profitable

Profitable

Unprofitable

> 6% Annualized

4.9 yrs

Avg Holding

$517,000

Total Profits

16B Palm Grove Avenue annualized profit %

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16B Palm Grove Avenue rental prices and estimated yield

Past 1 month

No. of Rentals

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

Recent 16B 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

16B Palm Grove Avenue rental volume

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Frequently asked questions about 16B Palm Grove Avenue

How much do units at 16B Palm Grove Avenue cost?

The latest 4 recorded sales show a median price of S$2,059,000 and a median of S$646 psf. Actual prices vary by floor, size, facing, condition and sale date.

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

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

When was 16B Palm Grove Avenue completed?

16B Palm Grove Avenue was completed in 2008.

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

Kovan is the nearest station shown, at an estimated straight-line distance of 715 metres.

Which primary schools are near 16B Palm Grove Avenue?

The primary schools shown within the page’s one-kilometre search are Zhonghua Primary School (915 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.