RPS · Resale Project Scorecard
Palm Grove Condo — Grade B
RPS score 5.58/10 · D19 · Hougang, Punggol, Sengkang · 111 units · scored across 7 weighted factors — methodology published.
999YR · LEONIE COURT PTE LTD · TOP 2002
Solid, middle-of-the-pack project. Standout strengths: tenure. Key weaknesses: schools, total returns.
Factor breakdown
- Project's Historical Performance25% weight
- 7/10
- Primary School Effect20% weight
- 3/10
- Project Size16% weight
- 5/10
- MRT Proximity13% weight
- 7/10
- Rental Yield10% weight
- 3/10
- Tenure10% weight
- 10/10
- Future Transformation6% weight
- 4/10
Avg Ann. of +3.88% — near-median performance within its 2002-era cohort (67th percentile).
1 primary school within 1km (ZHONGHUA PRIMARY SCHOOL, 0.95km away). Adequate but narrow school optionality.
111 units — boutique development. Lower transaction frequency and limited shared facilities.
0.72km from Kovan Mrt Stn (NE13) — short walk to MRT, good transport convenience.
Rental yield of 2.63% — below-average income return.
999-year tenure — effectively freehold from a valuation standpoint.
Limited future-catalyst exposure — nearest is Serangoon North MRT (CR9, CRL1) at 1.45km, far enough that the impact on this project is modest.
Primary schools within 1km: Zhonghua Primary School.
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RPSResale Project Scorecard
Scored either side of Palm Grove Condo in Hougang, Punggol, Sengkang
The projects immediately above and below it on the Resale Project Scorecard — the comparison a buyer is usually actually making.