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Singapore Property News, Insights and Analysis

Completed 1999

Palmwoods

D16 · Bedok / Upper East Coast · 450 Upper Changi Road

An 87-unit condo in D16, completed in 1999, on a 99-year lease from 1996 with about 68 years left. Developed by Sing Development Pte Ltd.

Source: Condo master (URA caveats); URA transactions, Nov 2026

68 yrs
Lease left
$1,270
Avg $psf, 12 months
2
Sales, 12 months
1999
Completed

What brings you to Palmwoods?

Buying here? Get a second opinion. A 2-bedder here sold for $1.08M in the last 12 months. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

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02 — Prices

Palmwoods prices

Last 12 months
2
Sales
$1,270
Average $psf
$1,270
$psf range
$1.08M – $1.64M
Price range
By bedroom type
Last 3 years
TypeSalesAvg $psfPrice rangeSize
2-Bedroom1 sale$1,270 psf$1.08M850 sq ft
3-Bedroom4 sales$1,211 psf$1.42M – $1.68M1,184–1,346 sq ft

Prices by bedroom type are based on matching sales to unit sizes.

By unit size
Last 3 years
SizeSalesAvg $psfAvg pricePrice range
700–899 sq ft1 sale$1,270 psf$1.08M
1,100–1,299 sq ft3 sales$1,198 psfAvg $1.5M$1.42M – $1.64M
1,300–1,599 sq ft1 sale$1,249 psf$1.68M
Average $psf by year
In 2025, sales here averaged $1,248 psf, 26% below the D16 average of $1,689 psf for private homes (condos, apartments and ECs).
This condoD16 average
Show as a table
YearThis condoD16 average
2026$1,270$2,295
2025$1,248$1,689
2024$1,099$1,535
2023$964$1,588
2022$954$1,414
2021$915$1,185
2020$930$1,123
2019$890$1,110
2018$848$1,182
2017$813$1,205
2016$828$1,160
2014$974$1,193
Sales by year
85 sales since 2007; the busiest year was 2007 with 12. The 2026 bar covers Jan–Nov.
Show as a table
YearResaleTotal
202611
202533
202411
202333
202255
202155
202011
201922
201877
201733
201622
201500
201422
201322
201244
201188
20101010
200988
200866
20071212
Sales in the last two years
4 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
22 May 2026#03-XX1,292 sq ft · 3-Bedroom$1.64M$1,270 psfResale
29 Dec 2025#01-XX850 sq ft · 2-Bedroom$1.08M$1,270 psfResale
26 Sep 2025#02-XX1,346 sq ft · 3-Bedroom$1.68M$1,249 psfResale
29 Jul 2025#03-XX1,184 sq ft · 3-Bedroom$1.45M$1,225 psfResale
Compared with nearby condos

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Nov 2026. The 2026 averages cover Jan–Nov.

03 — Rent

Palmwoods rent

Leases starting Sep 2025–Aug 2026
6
Leases
$3,750
Median rent a month

D16 median rent: $3,925 a month; est. gross yield 2.3%.

By bedroom type
TypeLeasesMedian rentMiddle halfD16 median
2-Bedroom3 leases$3,200 median$2,800 – $3,350D16 $3,800
3-Bedroom3 leases$4,500 median$4,150 – $4,700D16 $4,800
Rent and yield compared with nearby condos

Estimated gross yield: a year of median rent (leases starting Sep 2025–Aug 2026) over the average sale price of the last 12 months, before costs. No yield is shown with fewer than 3 sales in the year. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.

Source: URA rental contracts, Aug 2026

04 — Lease
68years left of 99
1996Ends 2095

99-year lease from 12 Jun 1996. About 68 years remain as of Nov 2026.

Source: Condo master (URA caveats)

05 — Unit mix

Palmwoods floor plans by bedroom type

32 layouts, from a 850 sq ft 2-bedroom to a 2,755 sq ft 4-bedroom. Pick a type to see its floor plans.

Source: Developer floor plans; bedroom counts read by Stacked

06 — Location

Near Palmwoods

MRT stations
EW Tanah Merah 930 m · 11 min walk
DTTE Sungei Bedok 2.0 km · 24 min walk
EW Simei 2.0 km · 25 min walk
DTCG Expo 2.4 km · 29 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. Check OneMap for your exact route.

Primary schools
Within 1 km
St. Anthony's Canossian Primary School 720 m · 12 min walk
Within 2 km
Changkat Primary School 1.0 km · 19 min walk
Bedok Green Primary School 1.4 km · 25 min walk
Red Swastika SchoolPopular 1.5 km · 24 min walk
Temasek Primary SchoolPopular 1.7 km · 25 min walk
Yu Neng Primary School 1.7 km · 30 min walk
Fengshan Primary School 1.7 km · 29 min walk
Junyuan Primary School 2.0 km · 36 min walk

Distances are straight-line, which is what the 1 km and 2 km bands refer to; walking times are estimates from OneMap walking routes. Check the MOE website for confirmation.

Everyday amenities
Park Bedok Reservoir Park 2.4 km · 29 min
Clinic Nyam Family Clinic 190 m · 2 min
Supermarket Cold Storage / Giant 160 m · 2 min
Hawker centre Bedok North Street 4 Blk 85 (85 Fengshan Centre) 1.5 km · 18 min
Map of the area around Palmwoods, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Nov 2026

07 — Nearby

Condos and supply around Palmwoods

Upcoming supply
Bedok Rise630 m · about 361 units · 2.03 ha Awarded · $14,315 psm GFA · Dec 2025
Bayshore Drive2.0 km · about 1,658 units · 5.74 ha Awarded · $14,244 psm GFA · Jul 2026
New Upper Changi Road2.1 km · about 983 units · 3.16 ha Awarded · $16,545 psm GFA · Sep 2026
Bayshore Road2.2 km · about 490 units · 1.05 ha Awarded · $14,945 psm GFA · Mar 2025

Source: URA transactions; URA land sales; OneMap distances, Nov 2026

08 — From Stacked

Read more about Palmwoods

Source: Stacked Homes editorial

09 — FAQ

Questions about Palmwoods

How many years are left on the lease at Palmwoods?

About 68 years. It is a 99-year lease from 1996.

When was Palmwoods completed?

1999.

How many units does Palmwoods have?

87 units, up to four storeys.

What sizes are the 2-bedroom units?

850 to 1,001 sq ft across four layouts.

What is the price psf at Palmwoods?

2 sales in the last 12 months averaged $1,270 psf, ranging from $1,270 to $1,270 psf.

What did the latest sale go for?

A 1,292 sq ft unit sold for $1.64M ($1,270 psf) on 22 May 2026.

How much is the rent at Palmwoods?

Leases starting Sep 2025–Aug 2026 had a median rent of $3,750 a month ($3,200 for a 2-bedroom and $4,500 for a 3-bedroom).

What is the nearest MRT station?

Tanah Merah (EW), an 11-minute walk (930 m). Sungei Bedok (DT, TE) is 2.0 km away.

Which primary schools are within 1 km?

St. Anthony's Canossian Primary School, 720 m away.

Who developed Palmwoods?

Sing Development Pte Ltd.

Answers generated from the data on this page, Nov 2026