QUEENS PEAK
UrbanLens Analysis
QUEENS PEAK commands $2,215 PSF -- 1% above what District 03 typically fetches ($2,186 PSF). Queenstown MRT sits just 92m away (1-min walk), a clear connectivity win. Against ZYON GRAND at $3,046 PSF, the 27% discount is worth examining closely.
Prices are up 7.5% over two years, reflecting genuine buyer interest without bubble-level exuberance. 89 transactions over two years gives deep liquidity and reliable pricing signals. For context, STIRLING RESIDENCES has gained 5.5% over the same period.
With ~88 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. At 3.9% gross yield versus the RCR average of 3.5%, rental returns are above-market. The $6,039/month median rent makes this genuinely compelling for income investors.
At 736 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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