Property Market in Queenstown

Queenstown commands prices above the Singapore-wide average. According to URA transaction records from 2022 to 2025,D03 has recorded 5,556 private residential transactions, making it a highly active market with strong transaction volume. The median condominium and apartment price stands at S$2.0M, which is 16% above the Singapore-wide median of S$1.7M.

Queenstown is a planning area and satellite residential town situated on the south-westernmost fringe of the Central Region of Singapore. It borders Bukit Timah to the north, Tanglin to the northeast, Bukit Merah to the east and southeast, as well as Clementi to the northwest and west. Its southern and southwesternmost limits are bounded by the Pandan Strait.

The private residential market in Queenstown spans 5 property categories. Apartments dominate with 3,180 transactions at a median of S$2.1M, while condominiums trade at S$1.9M. The distinction between condominiums and apartments in Singapore is largely regulatory (condominiums must meet a minimum land area of 4,000 sqm and include recreational facilities), but prices also reflect differences in unit size and development scale.

Queenstown also has an active landed property segment. Terrace houses trade at a median of S$4.9M, semi-detached homes at S$9.4M, and detached houses at S$8.3M. Landed properties in Queenstown offer an alternative to high-rise living at prices that vary significantly with plot size and condition.

For condominiums and apartments in Queenstown, floor level creates a measurable price gradient. Units on floors 56-60 sell for a median of S$2.9M, while units on floors 01-05 sell for S$1.8M. That is a 61% premium for higher floors, worth approximately S$1.1M per unit.

In Queenstown, the high-floor premium reflects better ventilation, natural light, reduced noise, and improved views. Buyers targeting a specific development can use this gradient to estimate how much they save by choosing a mid-floor unit instead of a top-floor one.

Rental rates in Queenstown average S$7.45 psf per square foot per month, placing the district among the highest rental rates in Singapore, reflecting strong tenant demand for prime locations. The highest rents are commanded by RIVIERE at S$8.44 psf.

The rental spread within Queenstown runs from S$7.01 psf at MARGARET VILLE to S$8.44 psf at RIVIERE. This range reflects differences in development age, finish quality, proximity to MRT, and whether the unit is furnished. Investors evaluating gross rental yield in Queenstown should compare these rates against the purchase price per square foot to assess returns.

The most actively traded development in Queenstown is ZYON GRAND on KIM SENG ROAD, with 603 URA-recorded transactions at a median of S$2,502,000. AVENUE SOUTH RESIDENCE follows with 526 transactions at S$1,694,000.

High transaction volumes typically indicate active secondary markets with good liquidity. Buyers who may need to sell within a few years should consider developments with proven resale activity, as these tend to attract a broader pool of buyers when the time comes.

In pricing terms, Queenstown sits closest to Raffles Place (S$2.0M), Katong (S$2.1M), Upper Bukit Timah (S$1.9M). Buyers looking for a lower entry point could consider Kranji at S$1.1M, which is 83% cheaper. Those with a larger budget might look at Telok Blangah at S$2.6M.