We track 264 sales and 1662 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the COMMONWEALTH TOWERS dashboard.
- Average sale price: $1,415,901 across 264 transactions
- Estimated gross rental yield: 3.4%
- District 3 PSF ranking: Above average (top 42%)
- 99 yrs lease commencing from 2013 · RCR · D3 · 845 units
About COMMONWEALTH TOWERS
COMMONWEALTH TOWERS is a 99 yrs lease commencing from 2013 condominium, located at COMMONWEALTH AVENUE in District 3 (Tiong Bahru, Queenstown) (Rest of Central Region), developed by WEALTHALL DEVELOPMENT PTE. LTD, comprising 845 residential units, completed in 2019.
With approximately 86 years remaining on its 99-year lease, the property qualifies for full bank financing and CPF usage.
Unit Mix Distribution
Transaction data breakdown by bedroom type at COMMONWEALTH TOWERS:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 122 | $2,051 psf | $944,304 |
| 1 BR | 38 | $2,133 psf | $1,476,568 |
| 2 BR | 61 | $2,079 psf | $1,691,712 |
| 3 BR | 43 | $2,094 psf | $2,309,041 |
Sales Market Overview
COMMONWEALTH TOWERS has recorded 264 sale transactions with an average transaction price of $1,415,901, ranging from $795,000 to $2,960,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 59 | $1,899 psf | $1,321,626 | — |
| 2022 | 53 | $1,971 psf | $1,459,031 | ↑ 3.7% |
| 2023 | 51 | $2,091 psf | $1,350,705 | ↑ 6.1% |
| 2024 | 38 | $2,200 psf | $1,474,287 | ↑ 5.2% |
| 2025 | 50 | $2,234 psf | $1,489,971 | ↑ 1.6% |
| 2026 | 13 | $2,285 psf | $1,468,145 | ↑ 2.3% |
COMMONWEALTH TOWERS ranks in the top 42% of condos in District 3 by average PSF.
Compared to the RCR average of $2,049 psf, COMMONWEALTH TOWERS trades 1.3% above the segment benchmark.
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Rental Market Overview
COMMONWEALTH TOWERS has recorded 1662 rental transactions with monthly rents averaging $3,961/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 961 | $3,302/mo | $2,000/mo | $5,165/mo |
| 2 BR | 492 | $4,385/mo | $2,800/mo | $7,020/mo |
| 3 BR | 190 | $5,917/mo | $3,700/mo | $8,151/mo |
| 4 BR | 19 | $6,732/mo | $5,000/mo | $8,500/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 321 | $3,027/mo |
| 2022 | 357 | $3,828/mo |
| 2023 | 266 | $4,533/mo |
| 2024 | 306 | $4,284/mo |
| 2025 | 326 | $4,170/mo |
| 2026 | 86 | $4,280/mo |
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Investment Analysis
Based on average rents and sale prices, COMMONWEALTH TOWERS delivers an estimated gross rental yield of 3.4%. This is above the Singapore-wide benchmark of approximately 3%.
Competing Condos in District 3
Side-by-side comparison against the most actively traded condos in District 3 (Tiong Bahru, Queenstown):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| ZYON GRAND | 99 yrs lease commencing from 2024 | 1079 | $3,053 psf | 630 |
| AVENUE SOUTH RESIDENCE | 99 yrs lease commencing from 2018 | 1074 | $2,261 psf | 582 |
| STIRLING RESIDENCES | 99 yrs lease commencing from 2017 | 1259 | $2,278 psf | 463 |
| PENRITH | 99 yrs lease commencing from 2024 | 462 | $2,796 psf | 451 |
| ONE PEARL BANK | 99 yrs lease commencing from 2019 | 774 | $2,569 psf | 428 |
Location Map
Map shows COMMONWEALTH TOWERS (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- COMMONWEALTH TOWERS
- Queenstown MRT
- Commonwealth MRT
- Redhill MRT
- Tanglin Trust School
- Crescent Girls'
- Queenstown Primary School
Nearby MRT Stations
COMMONWEALTH TOWERS is 130m from Queenstown MRT (East-West Line), with 3 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Queenstown | EW19 | East-West Line | 130m |
| Commonwealth | EW20 | East-West Line | 1.1 km |
| Redhill | EW18 | East-West Line | 1.4 km |
Nearby Schools
There are 16 schools within 2 km of COMMONWEALTH TOWERS, including 6 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| Tanglin Trust School | International | 530m |
| Crescent Girls' School | Secondary | 690m |
| Queenstown Primary School | Primary | 780m |
| Queensway Secondary School | Secondary | 800m |
| Global Indian International School (GIIS Queenstown) | International | 800m |
| Alexandra Primary School | Primary | 850m |
| River Valley High School | Secondary | 1.1 km |
| River Valley High School (JC) | Jc | 1.1 km |
| Commonwealth Secondary School | Secondary | 1.2 km |
| Swiss School Singapore | International | 1.3 km |
| CHIJ (Kellock) | Primary | 1.4 km |
| River Valley Primary School | Primary | 1.5 km |
FAQ
What is the average price for COMMONWEALTH TOWERS?
What is the rental yield for COMMONWEALTH TOWERS?
Is COMMONWEALTH TOWERS freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 264 transactions analysed
- Rental data: 1662 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for COMMONWEALTH TOWERS
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