PALM GREEN
UrbanLens Analysis
PALM GREEN trades at $1,378 PSF, sitting 15% below the District 05 median of $1,618 PSF. At 21 minutes from Kent Ridge MRT (1701m), transit access is passable but not a differentiator. ELTA fetches $2,547 PSF nearby -- that 46% gap frames PALM GREEN's relative value proposition.
The +0.0% two-year price movement is negligible -- neither bullish nor bearish. Just 3 transactions in two years -- thin liquidity means pricing carries wide confidence intervals. For context, NORMANTON PARK has gained 10.3% over the same period.
Freehold tenure eliminates lease-decay risk entirely -- no CPF restrictions, no LTV erosion, no shrinking buyer pool as the asset ages. Insufficient rental data to pin down a yield figure. Buyers should assume this is a capital-growth story and do their own rental due diligence.
At just 40 units, this is an intimate development. Expect low common fees but limited resale volume -- patience is required on exit.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| PARC CLEMATIS | $2,081 | 3.5% | +5.9% |
| ELTA | $2,547 | — | 0.0% |
| FABER RESIDENCE | $2,150 | — | 0.0% |
| BLOOMSBURY RESIDENCES | $2,504 | — | 0.0% |
| NORMANTON PARK | $2,075 | 3.7% | +10.3% |
PSF Trend
Own a unit here?
Get an instant valuation based on real transaction data for your floor and unit size.