Queenstown HDB Resale Market: Prices, supply, connectivity and what buyers and sellers should know

The flats in the town

HDB describes Queenstown as the first satellite town in Singapore. HDB's Key Statistics count 30,511 sold flats here as at 31 March 2025. 13,561 are 3-room flats, 44% of the total, and 10,428 are 4-room. There are 4,338 five-room flats and 356 executive flats.

Of the 654 flats resold from July 2025 to June 2026, 294 were 3-room, 263 were 4-room, 73 were 5-room, 20 were 2-room and 4 were executive flats.

Age of the flats that were sold

The resale flats come from two eras. 227 of the 654, or 35%, had leases that began between 1967 and 1979. 305, or 47%, had leases that began between 2011 and 2022. Only 122 came from the years between, and no flat with a lease from 1980 to 1992 was sold.

156 of the 654 sales, 24%, were on Dawson Road, in blocks with leases from 2016, 2020 and 2021.

Latest quarter

From April to June 2026, 196 resale flats changed hands: 90 three-room, 76 four-room, 26 five-room and 4 two-room flats. HDB's published medians for the quarter were $535,900 for 3-room flats and $1,035,000 for 4-room flats, up 5.5% and 3.5% from a year earlier. The 3-room figure is the highest in the series since 2021, and the 4-room figure is $3,000 below its high of $1,038,000 in the first quarter of 2026.

HDB has not published a 5-room median for Queenstown since the third quarter of 2022, when it was $894,000. The 26 five-room flats resold in the second quarter of 2026 had a calculated median of $1,240,000, and the 73 resold over the 12 months had a calculated median of $1,230,000.

Prices by flat type and lease period

3-room flats sold in two bands that do not overlap. The 188 flats with leases from 1967 to 1979 sold for $290,000 to $580,000. The 106 flats with leases from 2008 to 2022 sold for $620,000 to $920,000. No 3-room flat sold for between $580,000 and $620,000. Seven of the 106 have leases from 2008 and are counted under 2000 to 2008 in the age table above; the other 99 have leases from 2011 onwards.

HDB's 3-room median lands near the top of the older band, where few flats sell, and it has moved a long way from quarter to quarter. See why Queenstown's 3-room median moved 25% in two quarters.

4-room flats are mostly newer. 171 of the 263 sold had leases from 2011 to 2021 and sold at a median of about $1,053,900. The 59 with leases from 2000 to 2008 sold at a median of $915,000 and the 18 from 1993 to 1998, which are larger at a median of 105 square metres, at about $956,300. The 15 flats from the 1970s sold for $505,000 to $668,000.

5-room flats sold at medians of $970,000 for leases from 1975 to 1978, $1,200,000 for 1993 to 1998, $1,150,000 for 2000 to 2008 and $1,385,000 for 2011 to 2021. Each group has 13 to 26 sales.

The 20 two-room flats sold for $278,000 to $695,000. The 4 executive flats, with leases from 1993 to 1995, sold for $1,170,000 to $1,500,000.

$1 million sales

202 of the 654 flats resold in the 12 months, 31%, sold for $1 million or more: 135 of the 263 four-room flats, 63 of the 73 five-room flats and all 4 executive flats. 150 of the 202 had leases from 2011 onwards, and 149 were on three streets: Dawson Road (83), Ghim Moh Link (42) and Strathmore Avenue (24).

The highest price was $1,700,000, for a 5-room loft unit on Dawson Road. The highest 4-room price was $1,350,000 and the highest 3-room price was $920,000.

HDB's Key Statistics show 9,354 flats under construction in Queenstown as at 31 March 2025. Build-To-Order projects launched here since 2022 include Ghim Moh Ascent (867 flats, May 2022), Ulu Pandan Banks (1,330, November 2022), Tanglin Halt Cascadia (973, October 2023), Ulu Pandan Vista (890, December 2023), Tanglin Halt Courtyard (251, February 2024), Holland Vista (342, June 2024) and Stirling Horizon (1,126, February 2025). Those seven projects have 5,779 flats. Ghim Moh Natura and Queensway Canopy were also launched in November 2022.

The first six of the seven were sold under the Prime Location Public Housing model, and Stirling Horizon was sold as Plus flats. Flats sold under that model, and Plus and Prime flats, have a 10-year minimum occupation period, are subject to subsidy recovery by HDB, and cannot be rented out as a whole flat. So this supply is a decade or more from the resale market, and it will be resold under different rules from the flats that are changing hands today.

Tanglin Halt is HDB's largest exercise under the Selective En bloc Redevelopment Scheme. 31 blocks along Tanglin Halt Road and Commonwealth Drive were identified in 2014. HDB lists the replacement sites as Block 53 Strathmore Avenue, Dawson Vista, SkyParc @ Dawson, SkyResidence @ Dawson and SkyOasis @ Dawson.

In October 2021, HDB, the National University Health System and the National University of Singapore named Queenstown as the pilot site for a Health District, a programme focused on residents' well-being.

Four East-West Line stations serve the town: Queenstown, Commonwealth, Buona Vista and Dover. Buona Vista is also on the Circle Line, as is Holland Village station.

LTA has not announced any new station in Queenstown. A possible Tengah Line that could serve areas including Queensway is under study only, with no stations or route announced.

MOE lists three primary schools in the Queenstown planning area: Fairfield Methodist School (Primary), New Town Primary School and Queenstown Primary School. Priority for Primary 1 places depends on the distance from home to school, so check the distance for the exact block on MOE's SchoolFinder, and look at schools in neighbouring planning areas too. Anglo-Chinese Junior College is also in the planning area.

Decide first which of the two markets you are in. Under about $600,000 the 3-room choices are flats with leases from 1967 to 1979, with about 40 to 52 years left in 2026. From about $620,000 they are flats with leases from 2008 onwards.

For any flat with a lease from the 1960s or 1970s, check the remaining lease against your age, your CPF usage and the loan tenure before you commit. It matters here because the oldest leases began in 1967.

For a newer 4-room or 5-room flat, most sales were at $1 million or more: 124 of the 171 four-room flats and all 26 five-room flats with leases from 2011. Compare with recent sales in the same block and at a similar height: 4-room flats with leases from 2011 sold for anything from $758,000 to $1,350,000.

Price against flats of your own era, not against the town median. An owner of a 3-room flat with a lease from 1967 to 1979 who starts from the 3-room median of $535,900 would be about $150,000 above the median for flats of that age. An owner of a 3-room flat with a lease from 2008 onwards who does the same would be more than $250,000 below the median for those.

If you own a newer flat on Dawson Road, Ghim Moh Link or Strathmore Avenue, you have many recent sales to compare with: those three streets had 149 sales at $1 million or more in 12 months. Use the ones in your own block first.

If you own a 1990s 4-room or 5-room flat, the samples are small, 17 or 18 sales in the 12 months, so look at a longer period and at the floor area. These flats are larger than the newer ones.