D03 Queenstown

COMMONWEALTH TOWERS

Q: What is the average price of COMMONWEALTH TOWERS?

The median transaction price at COMMONWEALTH TOWERS is S$1,340,000, based on 253 URA-recorded transactions. Prices range from S$795K to S$3.0M.

Q: Does floor level affect prices at COMMONWEALTH TOWERS?

Yes. High-floor units (01-05) sell for a median of S$1,620,000, while low-floor units (11-15) sell for S$970,000. That is a 67% premium for higher floors.

Q: What is the rental rate at COMMONWEALTH TOWERS?

The average rental rate at COMMONWEALTH TOWERS is approximately S$7.44 per square foot per month, based on URA median rental data.

COMMONWEALTH AVENUE · District 03 · 99 yrs lease commencing from 2013

Median Price

S$1.3M

253 transactions

Price Range

S$795K - S$3.0M

Tenure

Leasehold

99 yrs lease commencing from 2

Avg Rent

S$7.44 psf

per month

COMMONWEALTH TOWERS Price Analysis

COMMONWEALTH TOWERS is a leasehold development on COMMONWEALTH AVENUE in District 03 (Queenstown). According to URA transaction records, 253 private residential transactions have been recorded at this development, with a median price of S$1,340,000. Prices range from S$795K for the smallest units to S$3.0M for premium configurations.

The development offers units across 4 size categories. The most traded segment is studio (<50 sqm) at a median of S$950,000. Larger units (3-bed (100-130 sqm)) trade at S$2,430,000, reflecting the premium for additional space.

Floor level significantly impacts pricing at COMMONWEALTH TOWERS. High-floor units (01-05) command a median of S$1,620,000, while low-floor units (11-15) sell for S$970,000. That is a 67% premium for higher floors, worth S$650K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.

On the rental side, COMMONWEALTH TOWERS commands an average of S$7.44 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 5.7%.

Price Trend

Median transaction price by contract month.

Source: URA Private Residential Property Transactions

Price by Floor Level

01-05

S$1.6M

4 txns

16-20

S$1.5M

30 txns

36-40

S$1.5M

35 txns

41-45

S$1.4M

28 txns

26-30

S$1.4M

34 txns

06-10

S$1.2M

36 txns

31-35

S$1.0M

27 txns

21-25

S$1M

24 txns

11-15

S$970K

35 txns

Price by Unit Size

Size Band	Median Price	Avg Size	Transactions
Studio (<50 sqm)	S$950K	43 sqm	119
1-Bed (50-70 sqm)	S$1.5M	64 sqm	36
2-Bed (70-100 sqm)	S$1.8M	82 sqm	81
3-Bed (100-130 sqm)	S$2.4M	111 sqm	17

Current Listings

2-Bed sale

Jacq Ng · PROPNEX REALTY PTE. LTD.

S$1.9M

1-Bed sale

Joyce Lye Hui Xin · PROPNEX REALTY PTE. LTD.

S$968K

FAQ

What is the average price of COMMONWEALTH TOWERS?

The median transaction price at COMMONWEALTH TOWERS is S$1,340,000, based on 253 URA-recorded transactions. Prices range from S$795K to S$3.0M.

Does floor level affect prices at COMMONWEALTH TOWERS?

Yes. High-floor units (01-05) sell for a median of S$1,620,000, while low-floor units (11-15) sell for S$970,000. That is a 67% premium for higher floors.

What is the rental rate at COMMONWEALTH TOWERS?

The average rental rate at COMMONWEALTH TOWERS is approximately S$7.44 per square foot per month, based on URA median rental data.

Source: URA Private Residential Property Transactions. Analysis by FairComparisons.