We track 18 sales and 64 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the QUEENSWAY TOWER dashboard.
- Average sale price: $1,918,438 across 18 transactions
- Estimated gross rental yield: 2.3%
- District 3 PSF ranking: Value tier (top 95%)
- Freehold tenure · RCR · D3 · 78 units
About QUEENSWAY TOWER
QUEENSWAY TOWER is a freehold condominium, located at QUEENSWAY in District 3 (Tiong Bahru, Queenstown) (Rest of Central Region), comprising 78 residential units.
As a freehold property, QUEENSWAY TOWER does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at QUEENSWAY TOWER:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 3 | $1,305 psf | $1,560,000 |
| 4 BR | 15 | $1,276 psf | $1,990,126 |
Sales Market Overview
QUEENSWAY TOWER has recorded 18 sale transactions with an average transaction price of $1,918,438, ranging from $1,180,000 to $2,580,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 7 | $1,161 psf | $1,736,413 | — |
| 2023 | 5 | $1,291 psf | $1,790,000 | ↑ 11.2% |
| 2024 | 2 | $1,325 psf | $2,020,500 | ↑ 2.6% |
| 2025 | 2 | $1,520 psf | $2,415,000 | ↑ 14.7% |
| 2026 | 2 | $1,388 psf | $2,278,000 | ↓ 8.7% |
QUEENSWAY TOWER ranks in the top 95% of condos in District 3 by average PSF.
Compared to the RCR average of $2,049 psf, QUEENSWAY TOWER trades 37.5% below the segment benchmark.
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Rental Market Overview
QUEENSWAY TOWER has recorded 64 rental transactions with monthly rents averaging $3,630/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 5 | $3,050/mo | $2,500/mo | $3,550/mo |
| 2 BR | 38 | $3,496/mo | $1,350/mo | $6,400/mo |
| 3 BR | 21 | $4,009/mo | $1,590/mo | $5,800/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 13 | $2,704/mo |
| 2022 | 18 | $3,506/mo |
| 2023 | 11 | $3,914/mo |
| 2024 | 7 | $3,856/mo |
| 2025 | 11 | $4,264/mo |
| 2026 | 4 | $4,275/mo |
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Investment Analysis
Based on average rents and sale prices, QUEENSWAY TOWER delivers an estimated gross rental yield of 2.3%. This is below the 3% benchmark, suggesting stronger capital appreciation potential.
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 |
FAQ
What is the average price for QUEENSWAY TOWER?
What is the rental yield for QUEENSWAY TOWER?
Is QUEENSWAY TOWER 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: 18 transactions analysed
- Rental data: 64 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 QUEENSWAY TOWER
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