Property market in Queenstown
An analysis of 5,556 private property transactions in Queenstown, covering condos, apartments and landed property. Prices, tenure splits, floor-level premiums, rental rates and top developments. All data from URA.
What are property prices in Queenstown (D03)?
The median private residential property price in Queenstown is S$2.0M, based on 5,556 URA-recorded transactions. Freehold trades at S$2M while 99-year leasehold costs S$2.0M, a 2% tenure premium. Average monthly rent is S$7.45 psf psf. Queenstown sits 18% above the Singapore-wide median of S$1.7M. The most actively traded development is ZYON GRAND, with 603 transactions.
D03 spans 5 property categories. Apartments lead with 3,180 transactions at a median of S$2.1M. Landed is active too: detached at S$8.3M, semi-detached at S$9.4M, terrace at S$4.9M.
Freehold vs leasehold
Tenure is a defining factor in Queenstown's pricing. Freehold trades at a 2% premium, roughly S$40K more in absolute terms. Freehold transactions number 258 to leasehold's 5,296.
Floor-level pricing
For condos and apartments, floor level creates a measurable price gradient. Units on 56-60 sell for a median of S$2.9M, while 01-05 sell for S$1.8M, a 61% premium worth roughly S$1.1M per unit.
Rental market
Rents average S$7.45 psf psf per month. Across the most-rented developments the range runs from S$7.42 psf to S$8.44 psf psf.
Most traded developments
High transaction volume signals an active secondary market with good liquidity. Buyers who may sell within a few years should weight proven resale activity.
What this means for buyers
At S$2.0M, Queenstown sits above the Singapore private-market median. You get established character and access relative to prime districts.
High floors cost 61% more than low floors. Budget-conscious buyers can save around S$1.1M by choosing a lower floor in the same development.
Frequently asked questions
What is the average condo price in Queenstown (D03)?
The median condominium and apartment price is S$2.0M, based on 5,556 URA-recorded transactions. Prices range widely depending on unit size, tenure and development.
How many property transactions were recorded in Queenstown?
URA records show 5,556 private residential transactions in D03, covering apartments, condominiums and landed properties.
What are the most popular developments in Queenstown?
By URA transaction volume: ZYON GRAND (603 transactions, median S$2,502,000), AVENUE SOUTH RESIDENCE (526 transactions, median S$1,694,000), PENRITH (449 transactions, median S$2,319,000).
What types of property are available in Queenstown?
5 categories with recorded transactions: apartment, condominium, detached, semi-detached, terrace. Apartments are the largest segment at 3,180 transactions.
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