Queensway Tower

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

  1
 0
 0

Sale Price *

Average
S$ 1,291 psf
Range
S$ 1,118 - 1,394 psf

Rental Price **

Average
S$ 2.9 psf pm
Range
S$ 1.9 - 3.7 psf pm

Rental Yield **

2.7%

Rental income expressed as a percentage of the property's value.

Amenities

4.0
4.0

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Queensway Tower is a freehold apartment completed in 1976. The development occupies a land area of 9,322 sqm. It consists of 78 units. According to records, buyers of this development are Singaporean 93.0%, PR 3.0%, Foreigner 3.0%, Company 1.0%.

QUEENSWAY TOWER is located along Queensway in Queenstown, in District 3. It is accessible through the nearest MRTs including Queenstown EW19 and Redhill EW18.

Based on transaction data in the last 12 months, sale prices range from S$ 1,118 psf to S$ 1,394 psf at an average of S$ 1,291 psf. Its highest recorded transaction was S$ 1,394 psf in Mar 2023 for a 1,292-sqft unit. Its lowest recorded transaction was S$ 294 psf in Jan 1999 for a 1,625-sqft unit. Its current rental yield is at 2.7%. Other nearby amenities include: 3 Grocerie(s): COLD STORAGE SINGAPORE (1983) PTE LTD, FISHOP PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, and 3 Shopping Mall(s): QUEENSWAY SHOPPING CENTRE, ANCHORPOINT SHOPPING CENTRE, Alexandra Central (U/C - TOP : 30 June 2016).

Buyers and tenants are attracted to District 3, which is comprised of Tiong Bahru, Alexandra and Queenstown. This district is located at the city fringe in the Central Region of Singapore and contains a good mix of public and private houses. District 3 is currently served by the East-West Line at Tiong Bahru MRT Station, Redhill MRT Station and Queenstown MRT Station. It takes approximately 10 minutes or less to commute from these stations to the Central Business District at Raffles Place MRT Station. Tiong Bahru is famous for its local food fare at the renowned Tiong Bahru Market & Food Centre. District 3 also houses an eclectic mix of specialty shops and heartland malls such as the Queensway Shopping mall and Tiong Bahru Plaza. On top of that, the world’s largest home furnishing retailer, IKEA, is situated at Alexandra road in Queenstown.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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5
"I rent a room here."
C******* K S
Google Review     |   07 Jun 2022
4
"Good and affordable shoes @ level 1. Laksa worth a try."
S***** L**
Google Review     |   14 Mar 2018
5
"I work there I give them 5 star too"
C**** T**
Google Review     |   14 Jan 2018
5
"Best place to get sports apparel"
K********
Google Review     |   05 Jan 2018
5
"Best place for sports items all under one roof."
D***** C****
Google Review     |   05 Jan 2018
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

TransportTransport
SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
No data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of QUEENSWAY TOWER (Limited to 10)

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Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of QUEENSWAY TOWER

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
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0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of QUEENSWAY TOWER

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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thumb-images
10
$2,200,000

    • 3 beds
    • 3 baths
    • Apartment
    • D3
    • 1976
    • Freehold
    • S$ 1,550 psf
    • Queensway
    Clare Lee
    send_enquiry
    thumb-images
    7
    $2,088,888

      • 3 beds
      • 3 baths
      • Apartment
      • D3
      • 1976
      • Freehold
      • S$ 1,460 psf
      • Queensway
      Rayne Chua
      send_enquiry
      thumb-images
      10
      $2,180,000

        • 3 beds
        • 2 baths
        • Apartment
        • D3
        • 1976
        • Freehold
        • S$ 1,350 psf
        • Queensway
        Gina Tng Huishan
        send_enquiry
        thumb-images
        10
        $2,088,880

          • 3 beds
          • 3 baths
          • Apartment
          • D3
          • 1976
          • Freehold
          • S$ 1,460 psf
          • Queensway
          Raymond Chong
          send_enquiry

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