District 03 · Queenstown · RCR
Queensway Tower
Queensway · Apartment · Freehold
Current PSF
$1,437
-34.6% vs district median
Gross yield
2.5%
median rent $4,400/mo
3-year gain
7.5%
Transactions · 5y
15
3 in last 12 months
Nearest MRT
Redhill Mrt Station · 1,497.382m
EWL
Future MRT
West Coast Mrt Station
CRL · 2032
Vs local HDB
+48% premium
HDB median $969 psf
Area income
$9,500/mo median
commercial zone
En-bloc potential46 / 100
· composite of plot use, age, tenure, value gap & size
Tenanted
100%
units with active leases
Rent momentum
-
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 997m · Phase 2C 1.1× balloted - inside the 1km priority ring; Phase 2C demand is last year’s applicants ÷ vacancies (MOE)
Secondary
Bukit Merah Secondary School · 1.1km
Food
Bukit Merah Lane 1 Blk 120 (Alexandra Village Food Centre) · 188m - 3 hawker centres within 1km
Green
Rail Corridor · 495m - 2 parks within 1km
Mall
Queensway Shopping Centre · 0m
Health
Alexandra Hospital (hospital) · 428m
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
$1,161
2023
$1,291
+11.2%
2024
$1,325
+2.6%
2025
$1,520
+14.7%
2026
$1,388
-8.7%
Rental by bedroom
| Bedrooms | Median rent | Rental PSF | Yield | Contracts |
|---|---|---|---|---|
| 1BR | $3,000/mo | $3.16 | 2.6% | 5 |
| 2BR | $3,900/mo | $2.69 | 2.2% | 35 |
| 3BR | $4,400/mo | $2.67 | 2.2% | 20 |
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| Jan 2026 | $2,278,000 | 1,625 | $1,402 | 06-10 |
| Jan 2026 | $2,278,000 | 1,658 | $1,374 | 06-10 |
| Aug 2025 | $2,580,000 | 1,679 | $1,536 | 11-15 |
| Jan 2025 | $2,250,000 | 1,496 | $1,504 | 01-05 |
| Aug 2024 | $1,861,000 | 1,432 | $1,300 | 06-10 |
| Jul 2024 | $2,180,000 | 1,615 | $1,350 | 11-15 |
| Jul 2023 | $1,600,000 | 1,432 | $1,118 | 01-05 |
| Jun 2023 | $2,050,000 | 1,496 | $1,370 | 11-15 |
| Jun 2023 | $1,700,000 | 1,292 | $1,316 | 11-15 |
| Mar 2023 | $1,800,000 | 1,432 | $1,257 | 11-15 |
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More in District 03
The HDB blocks next door
The entry point, measured: what the resale flats around Queensway Tower actually sell for - this project trades at 2.6× the nearest block’s PSF.