District 03 · Queenstown · RCR
Commonwealth Towers
Commonwealth Avenue · Condominium · 99 yrs lease commencing from 2013
Current PSF
$2,283
+3.9% vs district median
Gross yield
3.9%
median rent $4,285/mo
3-year gain
9.5%
Transactions · 5y
245
39 in last 12 months
Nearest MRT
Commonwealth Mrt Station · 1,141.786m
EWL
Future MRT
West Coast Mrt Station
CRL · 2032
Vs local HDB
+136% premium
HDB median $969 psf
Area income
$9,500/mo median
residential zone
En-bloc potential25 / 100
13 years old · composite of plot use, age, tenure, value gap & size
Lease decay86 years left
worth 93.3%of freehold today (Bala’s Table) · loses ~4.3pts of freehold value over the next decade
Tenanted
100%
units with active leases
Rent momentum
-0.1%
latest 2 qtrs vs year ago
Sub-sales
0.0%
flip ratio, last 24 months
Price spread
7%
PSF dispersion within project
The neighbourhood
P1 ring
Queenstown Primary School 182m · Phase 2C 1.1× balloted · New Town Primary School 812m · Phase 2C 0.1× - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Queensway Secondary School · 654m
Food
Margaret Drive Hawker Centre · 244m - 3 hawker centres within 1km
Green
Rail Corridor · 1.1km
Mall
Anchorpoint Shopping Centre · 795m
Health
Queenstown Polyclinic (polyclinic) · 635m
Who lives in Queenstown
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
Residents
95,930
Median age
45 yrs
43% under 40 · getting older
Children 0–9
8,260
▼ 8% since 2015 · future P1 demand
Household size
2.8 avg
Homes
82% HDB
12% condo · 4% landed
Degree holders
37%
residents 15+
Commute
62% transit
19% drive
45 min+ to work
19%
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
Price trend average PSF by year
2021
$1,901
2022
$1,967
+3.5%
2023
$2,091
+6.3%
2024
$2,200
+5.2%
2025
$2,234
+1.5%
2026
$2,290
+2.5%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $3,500/mo | $7.78 | 4.1% | 509 |
| 2BR | $4,600/mo | $7.08 | 3.7% | 388 |
| 3BR | $6,200/mo | $6.53 | 3.4% | 171 |
| 4BR | $7,000/mo | $5.19 | 2.7% | 18 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jun 2026 | $2,580,000 | 1,055 | $2,446 | 26-30 |
| Jun 2026 | $1,730,000 | 753 | $2,296 | 21-25 |
| Jun 2026 | $965,000 | 441 | $2,187 | 26-30 |
| May 2026 | $2,300,000 | 904 | $2,544 | 21-25 |
| May 2026 | $945,000 | 463 | $2,042 | 11-15 |
| Apr 2026 | $1,715,000 | 797 | $2,153 | 06-10 |
| Apr 2026 | $1,640,000 | 689 | $2,381 | 31-35 |
| Apr 2026 | $1,018,888 | 441 | $2,309 | 41-45 |
| Apr 2026 | $990,000 | 463 | $2,139 | 31-35 |
| Mar 2026 | $1,560,000 | 689 | $2,265 | 06-10 |
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More in District 03
The HDB blocks next door
The entry point, measured: what the resale flats around Commonwealth Towers actually sell for - this project trades at 2.7× the nearest block’s PSF.