Queens Peak
Dundee Road · District 03 · Rest of Central Region (RCR) · 99 yrs lease commencing from 2015
Queens Peak is a condominium development in District 03 (RCR). Based on 207 URA-recorded transactions from 2021–2026, its median price is $1,400,000, with prices moving about 1.9%/yr and a gross rental yield near 4.1%.
The verdict · for an investor
Queens Peak · Condominium · District 03 · Leasehold
Queens Peak is a mixed picture — a real case, with real caveats.
There's a genuine case here, but weigh the caveats below before you commit — the fundamentals and the record don't all point the same way.
Why it's pushing up
What matters most for you
- Convenient — MRT about 3 min on foot; 7 supermarkets, 7 food & retail spots nearby.
- Rentable — ~4.1% gross yield; transport and schools nearby keep tenants coming.
And what makes it better
- Every unit type has risen — 2-bed +19.3%, 5-bed +16.0%, 3-bed +15.7% since 2021.
- A Primary-1 priority school within 1km — a real family draw.
What's holding it back
- The market's near the top of its cycle — mind your entry price.
Should I buy?
There's a case — weigh the caveats first.
Rental yield
gross, on this project
Priced vs nearby
mid-priced for the immediate area.
Independent research, not advice. A fair price still isn’t automatically a good buy — the call is always yours.
Pick your exact unit — then check your price
Your unit’s exact size
Every real size that has sold here (URA caveats). Pick yours — or the closest.
What 431 sqft (1-bed) units go for here
The price they’re asking
Type the price they’re quoting — we’ll judge it against what this exact size really sold for. No opinion until you do.
Recent 431 sqft sales
What it rents for — and if that works
The rent you’d get
The price to fight for — and the endgame
No agent, no listing, no one paying us — so we’ll say it plainly, whichever side of the table you’re on, for the size you picked.
If you’re buying
≤ $0.97M
Aim at the middle or below. A patient buyer has been getting closer to $0.93M.
If you’re selling
~$1.01M
List at the top of fair; realistic close is $0.97M–$0.98M unless it’s a high floor.
Why no rush either way: Seller’s Stamp Duty means a buyer can’t sell penalty-free for ~4 years — so you’re holding regardless. That’s your leverage to negotiate down now, not overpay.
The reality check — does the gain even make sense?
Our blunt read: ~$200k over 10 years at this project’s own pace. It works — but forward from a cycle top, treat it as a maybe, not a promise. This is our own POV, not a forecast — the pace is the project’s own (~1.9%/yr), and past pace never promises the future.
Built from URA transactions for Queens Peak — an opinion to decide and negotiate with, never a valuation and never financial advice.
If you’re buying — the outlook
Queens Peak
Rest of Central Region (RCR) · District 03 · ~$2,230 psf · 4.1% yield
Prices are near the top of the cycle, and the government is still cooling it — but cheap loans, steady immigration and rising rents are holding them up. For Queens Peak, its own prices have been flat lately. Over a 4-year hold, expect modest growth — not a big jump.
On balance, the wind is leaning to your favour.
What it means for you: At ~$2,230 psf, Queens Peak is priced below similar new projects nearby — good value against its peers. Its own prices are only creeping up (~1.9%/yr over ~5 years). The real watch-out: about 2,137 brand-new units come up for sale in this district by 2029 — direct competition for when you sell. Buying near the top of the cycle just as that lands can cap your gains. So — use the incoming supply as your reason to negotiate the price down now, don't overpay, and plan to hold past the 4-year stamp-duty window before selling.
The signals behind it
Dots show how much weight each one carries.
Holds prices back
Prices are near the top — up 33% in 5 years, well above the 4.6%/year long-run pace. Less room left to climb.
About neutral
Queens Peak's own prices have gone flat over the latest year.
About neutral
The city fringe (RCR) sits in the middle of the three areas on long-run growth.
Holds prices back
The government is still cooling the market — the latest was SSD back to 4 years at 16/12/8/4% (2025). That caps how fast prices can run.
Supports prices
Loan rates are cheap right now (~1.08%) and falling. Easy to carry — which supports prices, but also means more buyers competing with you.
Supports prices
Against salaries, prices aren't expensive by past standards — people can still afford to buy.
Supports prices
Lots of new people keep moving to Singapore (non-residents up ~16% over 5 years) — steady demand for homes and rentals.
Holds prices back
About 2,137 new units are still unsold in this district, with the first big batch finishing around 2029 — plenty of fresh supply that can hold prices and rents back.
Supports prices
New launches in this district are selling well — 4 recent ones are around 98% sold, so buyer demand here is healthy right now.
Holds prices back · small effect
The government keeps releasing a lot of new land (~9,200 units this half-year) — more future supply that can weigh on prices years down the road.
Holds prices back · small effect
Foreign buyers are almost gone since the 60% tax (~1.4% of buyers) — a small drag on the city fringe.
Supports prices
Rents at Queens Peak are up ~3% over the last couple of years — good if you're renting it out.
Supports prices · small effect
There's more CPF money sitting ready to put toward a home than a few years back — a small support in the background.
Supports prices · small effect
The economy is growing (5% last year) and jobs are steady (1.9% unemployment) — no alarm bells.
Supports prices · small effect
Building costs are high (up ~39% since 2010) and still creeping up — developers can't build cheap, which puts a floor under new-launch prices.
Built from real public data (URA price index back to 1975, plus rates, immigration, rents, the economy). It prepares you — it never promises a price.
How far could it go — and when?
Is the price high? ~$2,230 psf is ~20% below similar nearby projects (~$2,805). good value
(The whole city fringe average is ~$1,830 psf — but that lumps in older stock, so we compare like with like, not against that.)
What’s realistic here? Its own record and its real neighbours — not the market.
Queens Peak has grown ~1.9%/yr over ~5 years. Similar nearby: Zyon Grand 9.2%, Avenue South Residence -1.8%, Penrith 5.6%, Stirling Residences 5.5%, Promenade Peak 4.5% — a -1.8–9.2%/yr spread (most around 5.5%).
You can’t sell for ~4 years without a penalty. Seller’s Stamp Duty is 16/12/8/4% in years 1–4, then 0% — so the honest question is what happens from year 4 on.
What price per sqft are you hoping to sell at one day?
Our own read, not financial advice. We don’t predict a price — we show what your target would need, and when, against what this project and its real neighbours have actually done.
Median price
$1,400,000
2021–2026 (URA)
Appreciation
1.9%/yr
median trend
Gross yield
4.1%
~$7.7/psf rent
Lease
~88 yrs left
leasehold
Queens Peak median price per sqft, by year
Median PSF of actual URA transactions each year, with year-on-year change.
Does Queens Peak fit your budget?
GrowKaki models the real take-home — net of stamp duty, agent fee, mortgage interest and CPF — for the exact unit your budget reaches, then hands you to an agent when you’re ready.
Plan your purchase →Units for sale at Queens Peak
Questions people ask about Queens Peak
Is Queens Peak freehold or leasehold?
Queens Peak is on a 99-year lease that began in 2015, so about 88 years remain. It sits in District 03 (Rest of Central Region (RCR)).
How much does Queens Peak cost per square foot?
Recent transactions at Queens Peak are around $2,230 psf. Across its record, transacted prices range from $848,888 to $4,230,000.
Which primary schools are near Queens Peak?
Within 1 km (top Primary 1 priority): Queenstown Primary School (0.15 km), New Town Primary School (0.99 km). Within 1–2 km: Gan Eng Seng Primary School, Alexandra Primary School. Distances are straight-line — the basis MOE uses for P1 priority.
Which MRT station is nearest Queens Peak?
The nearest MRT is Queenstown MRT, about 140 m away (straight-line).
Has Queens Peak gone up in value?
Across 207 URA-recorded transactions (2021–2026), prices at Queens Peak have moved about 1.9% a year on average, with a gross rental yield near 4.1%. That is a past record, not a forecast.
What condos are comparable to Queens Peak?
Within a short walk: Commonwealth Towers, Queens, Penrith, Alexis, Stirling Residences. These are the honest yardstick for its price and growth — closer and more alike than any whole-market average.
Is Queens Peak a good buy?
Queens Peak sits in Rest of Central Region (RCR). Whether it is right for you depends on your budget, purpose and holding period — GrowKaki models the net take-home after stamp duty, agent fee and CPF. This is independent research, not advice, and a fair price is not automatically a good buy.