Side-by-Side Comparison
| Metric | District 2 — Tanjong Pagar/Chinatown | District 3 — Queenstown/Alexandra |
|---|---|---|
| Condo Count | 28 | 43 |
| Avg PSF | $2,246 psf | $2,020 psf |
| Median Price | $1,488,136 | $2,063,131 |
| Transaction Volume | 1,409 | 6,006 |
| Avg Walkability | 68/100 | 66.8/100 |
| Avg Investment Score | 63.8/100 | 64.1/100 |
| Avg TOP Year | 2012 | 2012 |
| Avg Gross Yield | 2.8% | 2.7% |
Price Analysis
District 3 — Queenstown/Alexandra is the more affordable option, with an average PSF that is $227 psf (10.6%) lower than District 2 — Tanjong Pagar/Chinatown.
In terms of median transaction price, District 2 — Tanjong Pagar/Chinatown also offers a lower entry point at $1,488,136 compared to $2,063,131.
Lifestyle & Accessibility
District 2 — Tanjong Pagar/Chinatown scores higher on walkability, reflecting better proximity to MRT stations, schools, hawker centres, and other daily amenities. This composite score accounts for seven weighted categories of nearby facilities.
District 3 — Queenstown/Alexandra wins on price. District 2 — Tanjong Pagar/Chinatown wins on walkability. District 3 — Queenstown/Alexandra wins on investment score. District 2 — Tanjong Pagar/Chinatown wins on rental yield.
Investment Potential
District 3 — Queenstown/Alexandra has a higher average investment score, which factors in price momentum, rental yield, liquidity, MRT proximity, lease remaining, and district desirability.
In terms of gross rental yield, District 2 — Tanjong Pagar/Chinatown delivers stronger returns. Note that yields shown are gross (annual rent / price) and do not account for maintenance fees, property tax, or vacancy.
Top Condos in Each Area
Top 5 Condos in District 2 — Tanjong Pagar/Chinatown
| Condo | Avg PSF | Transactions | Units | Tenure |
|---|---|---|---|---|
| ONE BERNAM | $2,587 psf | 356 | 364 | 99 yrs lease commencing from 2019 |
| NEWPORT RESIDENCES | $3,127 psf | 182 | 487 | Freehold |
| ICON | $1,797 psf | 137 | 646 | 99 yrs lease commencing from 2002 |
| SKYSUITES@ANSON | $2,229 psf | 95 | 360 | 99 yrs lease commencing from 2008 |
| SKY EVERTON | $2,802 psf | 74 | 262 | Freehold |
Top 5 Condos in District 3 — Queenstown/Alexandra
| Condo | Avg PSF | Transactions | Units | Tenure |
|---|---|---|---|---|
| ZYON GRAND | $3,050 psf | 624 | 1,079 | 99 yrs lease commencing from 2024 |
| AVENUE SOUTH RESIDENCE | $2,261 psf | 569 | 1,074 | 99 yrs lease commencing from 2018 |
| PENRITH | $2,795 psf | 449 | 462 | 99 yrs lease commencing from 2024 |
| STIRLING RESIDENCES | $2,271 psf | 440 | 1,259 | 99 yrs lease commencing from 2017 |
| ONE PEARL BANK | $2,569 psf | 426 | 774 | 99 yrs lease commencing from 2019 |
Final Verdict
District 2 — Tanjong Pagar/Chinatown
Pros & Cons
✓ Strengths
- Better walkability score (68/100)
- Higher gross rental yield (2.8%)
✗ Considerations
- Higher average PSF ($2,246 psf)
- Lower average investment score (63.8)
- Fewer condos available (28 developments)
- Older average stock (avg TOP 2012)
District 3 — Queenstown/Alexandra
Pros & Cons
✓ Strengths
- More affordable average PSF ($2,020 psf)
- Higher average investment score (64.1)
- More condos to choose from (43 developments)
✗ Considerations
- Lower walkability score (66.8/100)
- Lower gross rental yield (2.7%)
- Older average stock (avg TOP 2012)
Frequently Asked Questions
Which is more affordable, District 2 — Tanjong Pagar/Chinatown or District 3 — Queenstown/Alexandra?
Is District 2 — Tanjong Pagar/Chinatown or District 3 — Queenstown/Alexandra better for families?
Which area is a better investment?
How current is this comparison data?
Methodology & Sources
This analysis covers all available transaction data for the compared neighbourhoods and is updated periodically as new URA data is published.
Transaction data sourced from URA.
- Property matched to areas by district + street keyword filtering.
- Transaction data from URA.
- Master plan context from URA Master Plan.
Median values used to minimize outlier impact. PSF = price per square foot.