Neighbourhood Of The Week: Queenstown (District 3)

Get The Property Insights Serious Buyers Read First: Join 50,000+ readers who rely on our weekly breakdowns of Singapore’s property market.

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.
Queenstown is the first satellite town in Singapore. The entire concept of having a “self-contained” township, with its own council, amenities away from the city, etc. It all started here, as far back as the 1950s.
In fact, Queenstown is the iconic “mature estate”, and Buona Vista and Holland V both imitated Queenstown as a template when they got started (this was way back in the 1970s). Also, the first estate ever rebuilt under the Selective En-bloc Redevelopment Scheme (SERS) is also in Queenstown, since it has some of the oldest flats built by HDB.

Today, Queenstown is famous for its pricey, but much desired HDB flats. Haw Par Villa and Alexandra Hospital are both here by the way, as are the head offices of Grab and Razer.
Facts about Queenstown
- District 3
- Approx. 20.43 km2
- Est. population of 96,340 in 2019, with density of around 4,717 per km2 (considered low, as average density in Singapore is 8,358 per km2)
- Commonwealth, Dover, Kent Ridge, Ghim Moh, One-North, and Tanglin Halt are all subzones of Queenstown
Primary Schools
- Fairfield Methodist School
- New Town Primary School
- Queenstown Primary School
Secondary Schools
- Anglo-Chinese School
- Fairfield Methodist School
- New Town Secondary School
- Queenstown Secondary School
- Queensway Secondary School
Other Schools
- Anglo-Chinese Junior College
- Anglo-Chinese International School
- Management Development Institute of Singapore
- National University of Singapore
- Singapore Institute of Technology
- Singapore Polytechnic
- Dover Court International School
- Global Indian International School
- INSEAD
- Tanglin Trust School
- United World College
Malls

- Anchorpoint Shopping Centre
- IKEA Alexandra
- Queensway Shopping Centre
- Star Vista
MRT station(s)
- Queenstown
- Commonwealth
- Buona Vista
- Dover
- Holland Village
- One-North
- Kent Ridge
- Haw Par Villa
- Pasir Panjang

Average Flat Prices

Across the board, the average flat price in Queenstown in the past 6 months is $564 psf. This is a 6.6 per cent increase from $529 psf, over the past 10 years.
3-room flats

The average 3-room flat in Queenstown averages $470 psf. This is down 7.3 per cent from $507 psf, 10 years ago.
4-room flats

The average 4-room flat in Queenstown averages $652 psf. This is up 7.7 per cent from $605 psf, 10 years ago.
5-room flats

The average 5-room flat in Queenstown averages $662 psf. This is up 20.6 per cent from $549 psf, 10 years ago.

Overall Non-Landed Private Residential Prices in District 3

Average condo prices in District 3 (Alexandra, Commonwealth, Queenstown) average $2,012 psf in the last 6 months, up around 73.1 per cent from $1,162 psf 10 years ago.
Top 10 Projects Ranked By Capital Gain
Project Name | Tenure | Completion | Capital Gain (%) | Historical Price ($PSF) | Current Price ($PSF) |
Eng Hoon Mansions | Freehold | 2005 | 79.9 | 628 | 1,130 |
Clydesview | Freehold | 1991 | 50.2 | 829 | 1,245 |
Regency at Tiong Bahru | Freehold | 2010 | 46.3 | 1,378 | 2,016 |
Regency Suites | Freehold | 2008 | 43.1 | 1,328 | 1,900 |
The Anchorage | Freehold | 1997 | 39.3 | 1,053 | 1,467 |
Queensway Tower | Freehold | 1976 | 37.9 | 704 | 971 |
Emerald Park | 99 yrs | 1993 | 31.1 | 970 | 1,272 |
Alexis | Freehold | 2012 | 27.3 | 1,401 | 1,783 |
Twin Regency | Freehold | 2007 | 25.2 | 1,438 | 1,801 |
Central Green Condominium | 99 yrs | 1995 | 23.2 | 1,056 | 1,301 |
More from Stacked
Inside A Genuinely Authentic HDB Home With An Eclectic Mix Of Pre-Loved Furniture
Whatever your views are on older HDBs in Singapore, there's always been a certain charm about them. Whether it is…
Bottom 10 Projects Ranked By Capital Gain
Project Name | Tenure | Completion | Capital Gain (%) | Historical Price ($PSF) | Current Price ($PSF) |
River Place | 99 yrs | 1999 | 1.9 | 1,276 | 1,300 |
Tanglin View | 99 yrs | 2001 | 7.6 | 1,204 | 1,296 |
Ascentia Sky | 99 yrs | 2013 | 8.2 | 1,311 | 1,419 |
Meraprime | 99 yrs | 2006 | 9.5 | 1,287 | 1,409 |
Queens | 99 yrs | 2002 | 11 | 1,073 | 1,191 |
Alessandrea | Freehold | 2003 | 20.9 | 1,153 | 1,394 |
The Metropolitan Condominium | 99 yrs | 2009 | 22.8 | 1,230 | 1,511 |
Domain 21 | 99 yrs | 2007 | 23 | 1,272 | 1,565 |
Central Green Condominium | 99 yrs | 1995 | 23.2 | 1,056 | 1,301 |
Twin Regency | Freehold | 2007 | 25.2 | 1,438 | 1,801 |
Top 10 Projects Ranked By Rental Yield
Project Name | Tenure | Completion | Gross Yield (%) |
Eng Hoon Mansions | Freehold | 2005 | 4 |
Meraprime | 99 yrs | 2006 | 3.9 |
River Place | 99 yrs | 1999 | 3.4 |
Queens | 99 yrs | 2002 | 3.4 |
Echelon | 99 yrs | 2016 | 3.4 |
Domain 21 | 99 yrs | 2007 | 3.4 |
Alex Residences | 99 yrs | 2017 | 3.3 |
Highline Residences | 99 yrs | 2018 | 3.2 |
Ascentia Sky | 99 yrs | 2013 | 3.2 |
Principal Garden | 99 yrs | 2018 | 3.2 |
Key drivers to note:
- One-North is a thriving tech and media hub
- Tertiary education institutes help maintain strong demand here
- More new flats are expected in Queenstown by 2027
1. One-North is a thriving tech and media hub
With the emergence of Fusionopolis, Mediapolis, and Biopolis, and the MediaCorp campus, One -North is now a hotspot for tech and media. The 200-hectare district is also home to some of the biggest R&D names in Singapore, such as A*Star labs, and ST Engineering (via the Innosparks Open Innovation Lab).
This cluster of companies also brings in foreign entrepreneurs and tech talent. However, look at the map of private residential properties, and you’ll see options are woefully limited in One-North itself (apart from One-North Residences). This leaves prospective tenants to seek out surrounding options, such as properties in the Buona Vista area, or Holland V.
The presence of One-North has heightened rentability in many of the surrounding areas, although it’s to be seen if Covid-19 will change this.
2. Tertiary education institutes help maintain strong demand here
As you can see from our list above, there are a huge number of educational institutes in Queenstown. The major presences, however, are the NUS, Singapore Polytechnic, and MDIS.

This has long made Queenstown a rental hotspot for students, all the way up to properties near One-North (where the condos are popular rental choices for INSEAD students).
Again, we’ve yet to see if Covid-19 could change this; but landlords willing to rent to student tenants will find no shortage of demand here. Rental yield is not significantly higher than most parts of Singapore (around three per cent per annum across the board), but landlords can see high rentability with few vacancies.
3. More new flats are expected in Queenstown in 2027

HDB plans for some 5,000 new flats in Queenstown, by the year 2027. The first batches of new flats could be launched as early as 2021 or 2022.
Expect these to be oversubscribed, and even contentious – such a launch will push the conversation on whether it’s “fair” that some applicants can get flats in hotspots like Queenstown (it’s the equivalent of winning the HDB lottery). As such, we would expect BTO launches here – when they come – to be among the most expensive.
It is debatable whether the launch of new flats in Queenstown will affect the existing resale flat values. We have split opinions from the experts we asked.
Some analysts and agents expressed that more flats will prevent the (already high) resale prices in Queenstown from climbing further. However, we’ve also heard opinions that the effect will be negligible, as those who buy resale flats are those who can’t buy BTO flats anyway (e.g. permanent resident families who don’t qualify for BTO, buyers who bust the income ceiling, those who can’t wait for construction, etc.)
It’s a little early to speculate; but brace yourself for the roaring demand if BTO flats are launched here.

In the meantime, you can check out the top properties in Queenstown and other areas by following us on Stacked Homes.
If you’d like to get in touch for a more in-depth consultation, you can do so here.
Ryan J
A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.Read next from Property Market Commentary

Property Market Commentary 10 Most Affordable New Launch Condos Under $1.5 Million—Some Are Surprisingly Central

Property Market Commentary Why I Might Still Pay $1 Million For A 50-Year-Old HDB—Even If Everyone Says It’s A Bad Buy

Property Market Commentary Singapore’s Most Expensive Neighbourhoods Are Changing—4 Buyer Trends That Prove It In 2025

Property Market Commentary URA 2025 Draft Master Plan: 6 Under The Radar Changes You May Have Missed
Latest Posts

New Launch Condo Analysis Springleaf Residence Launches From $878K — Is This 941-Unit Mega Development Worth It?

On The Market 5 Spacious 3-Bedroom Condos That Cost Less Than You’d Expect (Under $2M)

Singapore Property News Is Your HDB or Condo at Risk of a Sinkhole? 5 Signs to Watch Out For

New Launch Condo Analysis Canberra Crescent Residences Pricing Breakdown: A Price Comparison With Nearby Condos

Editor's Pick A New River Valley Condo From Just $1.2M? Here’s What You Need To Know About River Green’s Pricing

Singapore Property News This 3-Room Flat in Toa Payoh Just Sold for $920K — Here’s What The Seller Could Have Made

Editor's Pick We Found Freehold Landed Homes From $4 Million In The East—But Would You Live Here?

Singapore Property News Would You Still Pay More For A Private Condo, If The EC Next Door Looked The Same?

Overseas Property Investing Why I Bought 7 Properties in Johor Bahru, and Will Still Buy More

Editor's Pick River Green Condo Review: Attractive Entry Price To River Valley From $1.2m

On The Market 5 Spacious Cluster Landed Homes That Cost Less Than You’d Expect (From $2.79M)

Pro Why The Interlace Condo Underperformed—Despite Its Massive Land Size And Large Units

On The Market Spacious 4-Bedroom In Orchard Is On The Market For $6.3M – With a Rare Standout Feature

BTO Reviews July 2025 BTO Launch Review: Ultimate Guide To Choosing The Best Unit

New Launch Condo Analysis Promenade Peak Pricing Breakdown: How It Compares to Nearby Resale and New Launch Condos
