D03 Queenstown

COMMONWEALTH TOWERS

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 2013

Avg Rent

S$7.37 psf

per month

What is the 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. COMMONWEALTH TOWERS is a leasehold development on COMMONWEALTH AVENUE in District 03 (Queenstown). High-floor units cost 69% more than low-floor units. Average rent is S$7.37 per square foot 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$2,580,000, 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$960,000. That is a 69% premium for higher floors, worth S$660K 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$7.37 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$1.6M
34 txns
36-40
S$1.5M
37 txns
26-30
S$1.4M
38 txns
41-45
S$1.4M
31 txns
21-25
S$1.4M
28 txns
06-10
S$1.4M
39 txns
31-35
S$1.0M
29 txns
11-15
S$960K
38 txns

Price by Unit Size

Size BandMedian PriceAvg SizeTransactions
Studio (<50 sqm)S$950K43 sqm127
1-Bed (50-70 sqm)S$1.5M64 sqm41
2-Bed (70-100 sqm)S$1.8M81 sqm91
3-Bed (100-130 sqm)S$2.6M111 sqm19

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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$960,000. That is a 69% premium for higher floors.

What is the rental rate at COMMONWEALTH TOWERS?

The average rental rate at COMMONWEALTH TOWERS is approximately S$7.37 per square foot per month, based on URA median rental data.

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