SELL & RENT HDBS IN QUEENSTOWN ESTATE
Queenstown (女皇镇), Singapore’s first satellite town, holds a special place in the nation’s public housing history. Located in the Central Region and part of Central Singapore CDC, it is well-served by Queenstown and Commonwealth MRT stations on the East-West Line, with excellent connectivity via the AYE.
Queenstown offers residents a perfect blend of historical significance and modern convenience. Its location near major business districts and educational institutions makes it highly sought after by both young professionals and families.
Queenstown features a diverse range of HDB flats, from historic blocks to modern developments. These are some of the HDB subzones in the Queenstown estate:
- Commonwealth
- Dover
- Ghim Moh
- Holland Drive
- Mei Chin
- Tanglin Halt
My personal connection to Queenstown was forged through weekend visits to Queenstown Stadium, where my kids attended their ActiveSG football lessons many years ago. The area became familiar ground as I explored it during these sessions.
Through the years, I also frequented Tanglin Halt Food Centre regularly before its permanent closure.
QUICK LINKS
HDB QUEENSTOWN BRANCH OFFICE
7 INTERESTING FACTS ABOUT QUEENSTOWN HDB ESTATE
(a) First Satellite Town:
Queenstown holds the distinction of being Singapore’s first satellite town. Development began in the 1950s by the Singapore Improvement Trust (SIT) and was later completed by the Housing and Development Board (HDB).
(b) The Name:
The estate was named in honor of Queen Elizabeth II to commemorate her coronation in 1953. Despite the name, Queen Elizabeth II has never visited Queenstown.
(c) Pioneering “Firsts”:
Queenstown boasts many Singaporean “firsts,” such as the first public library (Queenstown Public Library), first polyclinic, and first neighborhood sports complex, marking its role as a pioneer in urban development.
(d) First HDB Flats:
The first-ever HDB flats in Singapore were built in Queenstown, with Blocks 45, 48, and 49 on Stirling Road completed in 1961. These flats remain historically significant for the nation’s public housing.
(e) Rich Heritage and Culture:
As one of Singapore’s oldest neighborhoods, Queenstown offers a blend of heritage and modernization. The Queenstown Heritage Trail allows residents and visitors to explore the area’s rich history, highlighting landmarks and cultural points of interest.
(f) Green Spaces:
Amidst the urban environment, Queenstown is home to several parks and green spaces that provide peaceful areas for relaxation and outdoor activities. These include the popular Alexandra Canal Linear Park.
(g) First Sports Complex:
The Queenstown Sports Complex, officially opened on August 15, 1970, was Singapore’s first neighborhood sports facility. It features a football field, running track (both part of what is commonly referred to as Queenstown Stadium), and swimming pools, promoting a healthy lifestyle among residents.
Are you considering selling, buying or renting out your HDB flat in Queenstown?
Or simply curious about the HDB housing scene in Queenstown?
Check out the HDB median resale prices and rental statistics for Queenstown below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN QUEENSTOWN?
Quarterly Queenstown HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR QUEENSTOWN HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Queenstown’s resale market showed strong growth:
2-Room Flats:
- Only one historical median price in 2010-Q1 at $205,500
3-Room Flats:
- Starting median price (2020-Q1): $308,000
- Current median price (2024-Q3): $415,500
- Median price appreciation: 34.9% in ~4 years
Key Observations:
- Peak of $430,000 in 2024-Q1
- Recent stabilization around $415,000-$430,000
4-Room Flats:
- Starting median price (2020-Q1): $728,000
- Current price (2024-Q3): $957,000
- Median price appreciation: 31.5% in ~4 years
Key Observations:
- Approaching $1 million mark
- Current price is historical peak
5-Room Flats:
- Starting median price (2020-Q1): $852,500
- Limited recent data
- Last recorded transactions in 2022-Q3 at $894,000
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Starting price (2007-Q2): $186,500
- Current median price (2024-Q3): $415,500
- Total median price appreciation: 122.8%
4-Room Flats:
- Starting median price (2007-Q2): $388,000
- Current median price (2024-Q3): $957,000
- Total median price appreciation: 146.6%
5-Room Flats:
- Starting median price (2007-Q2): $500,000
- Current median price (2022-Q3): $894,000
- Total median price appreciation: 78.8%
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graphs for the 2-room & 5-room HDB flats in Queenstown have a lot of gaps. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Queenstown HDB flat types in 2024-Q3:
a) HDB 2-room flat: $650,000 @ 95 Dawson Road
b) HDB 3-room flat: $838,000 @ 18B Holland Drive
c) HDB 4-room flat: $1,300,000 @ 32 Margaret Drive
d) HDB 5-room flat: $1,280,000 @ 88 Dawson Road
e) HDB executive flat: $1,350,000 @ 148 Mei Ling Street
Looking to sell your Queenstown HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN QUEENSTOWN?
Quarterly Queenstown HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR QUEENSTOWN HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Queenstown’s rental market showed strong growth:
2-Room Flats:
- 2020-Q1: $1,425 → Limited recent data
- Last transaction in 2020-Q4: $1,500
3-Room Flats:
- 2020-Q1: $1,900 → 2024-Q3: $3,000
- Increase: +57.9%
4-Room Flats:
- 2020-Q1: $2,650 → 2024-Q3: $4,000
- Increase: +50.9%
5-room Flats:
- 2020-Q1: $2,825 → 2024-Q3: $4,300
- Increase: +52.2%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 3-room flats flats saw highest percentage increase
- Rental gaps range from $300 to $1,000 between flat types
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $1,100 → 2024-Q3: $3,000
- Total Growth: +172.7%
4-Room Flats:
- 2007-Q2: $1,325 → 2024-Q3: $4,000
- Total Growth: +201.9%
5-Room Flats:
- 2007-Q3: $1,800 → 2024-Q3: $4,300
- Total Growth: +138.9%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graphs for 2-room & 5-room HDB flats in Queenstown have gaps. There were less than 20 transactions in those quarters.
HIGHEST RENT
Highest rent achieved for the different Queenstown HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,300 @ multiple locations
b) HDB 3-room flat: $4,450 @ 90 Tanglin Halt Road
c) HDB 4-room flat: $5,300 @ multiple locations
d) HDB 5-room flat: $5,300 @ multiple locations
e) HDB executive flat: $4,600 @ 150 Mei Ling Street
Looking to rent out your Queenstown HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
