Overview & Key Facts
ISUITES @ PALM is a 999 yrs lease commencing from 1878 condominium at GLASGOW ROAD in District 19 (OCR), developed by I DEVELOPMENT PTE LTD, comprising 64 units, completed in 2013.
Location & Connectivity
ISUITES @ PALM is approximately 710m from Kovan MRT station, with 3 stations within 1.5 km.
Schools & Education
21 schools within 2 km (15 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Xinmin Secondary School | Secondary | 290m |
| Xinmin Primary School | Primary | 440m |
| Yangzheng Primary School | Primary | 540m |
| Cedar Primary School | Primary | 680m |
| Serangoon Secondary School | Secondary | 690m |
| Cedar Girls' Secondary School | Secondary | 740m |
| Holy Innocents' High School | Secondary | 790m |
| Zhonghua Primary School | Primary | 820m |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 11 | $1,466 psf | $655,818 |
| 1 BR | 10 | $1,327 psf | $842,900 |
| 2 BR | 1 | $1,446 psf | $1,230,000 |
| 3 BR | 4 | $1,233 psf | $1,480,000 |
Market Position
ISUITES @ PALM has recorded 26 sales at an average price of $876,654.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at ISUITES @ PALM typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $2,249/mo | $842,900 | 3.20% |
| 2 BR | $2,739/mo | $1,230,000 | 2.67% |
| 3 BR | $3,220/mo | $1,480,000 | 2.61% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 5 | $1,231 psf | — |
| 2022 | 7 | $1,364 psf | ↑ 10.8% |
| 2023 | 6 | $1,431 psf | ↑ 4.9% |
| 2024 | 4 | $1,419 psf | ↓ 0.8% |
| 2025 | 2 | $1,560 psf | ↑ 9.9% |
| 2026 | 2 | $1,342 psf | ↓ 14.0% |
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ISUITES @ PALM prices have cooled 14.0% from the 2025 peak, yet remain 9.0% above where the series began in 2021.
Price Index Check
The ShiokNest Price Index for District 19 reads 137.0 as of June 2026 — up 2.0% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
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Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| CHUAN PARK | 99 yrs lease commencing from 2024 | $2,596 psf | 883 |
| THE FLORENCE RESIDENCES | 99 yrs lease commencing from 2018 | $1,751 psf | 869 |
| RIVERFRONT RESIDENCES | 99 yrs lease commencing from 2018 | $1,595 psf | 642 |
| AFFINITY AT SERANGOON | 99 yrs lease commencing from 2018 | $1,699 psf | 602 |
| SERANGOON GARDEN ESTATE | Freehold | $1,757 psf | 487 |
Lease Analysis
With 86 years remaining on its 99-year lease, ISUITES @ PALM still qualifies for full bank financing and CPF usage.
What Could Work Against You
- Only 3 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 64 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: families with young children, car-owning households, yield-focused investors and long-term hold (10+ yr). Family-suitable layout and OCR (Outside Central Region) location with established school catchments nearby.
short-term flippers (<5 yr) should probably look elsewhere. TOP 2013 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
ISUITES @ PALM is a 999 yrs lease commencing from 1878 development in District 19 (OCR), with 64 units, offering a gross yield of 3.5%.
At ~$1,451 psf, it represents a competitive entry point in the OCR segment.
Explore the full ISUITES @ PALM dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing ISUITES @ PALM against staying public? These HDB towns sit within walking or short-drive distance:
FAQ
What is the average PSF for ISUITES @ PALM?
Is ISUITES @ PALM freehold?
What is the rental yield for ISUITES @ PALM?
Which MRT is nearest to ISUITES @ PALM?
Sources & Next Steps
- ISUITES @ PALM Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 19 (Punggol, Hougang, Serangoon Gardens) — District 19 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 26 transactions
- Rental data: 88 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2026 · 26 records analysed · Source: URA private-sale caveats