In a development that has captured the attention of property watchers across Singapore, a resale HDB flat in Queenstown has set a new benchmark at $1.66 million, underscoring the enduring appeal of this mature estate despite its aging housing stock.
While the article title references a $1.7 million transaction for a 5-room flat, the verified records tell a slightly different story, one that still demonstrates remarkable market dynamics in this established neighborhood.
The confirmed Queenstown resale record stands at $1.66 million, though specific details about the flat type and exact location within the estate remain unclear from available documentation.
This figure alone represents a significant milestone for HDB resale transactions in the area, reflecting both the scarcity of available units and the strong demand for homes in well-connected, amenity-rich neighborhoods.
Adding another dimension to Queenstown’s property narrative is the SkyParc@Dawson development on Dawson Road, where a 3-room flat recently changed hands for $935,000.
This transaction set its own record as the highest resale price ever recorded for a 3-room HDB unit in Singapore, a remarkable achievement considering the typically modest size of such flats.
The SkyParc@Dawson case illustrates how newer developments within mature estates can command premium prices, benefiting from both modern design and established infrastructure.
What makes Queenstown particularly attractive to buyers is its strategic location near the city center, coupled with extensive amenities ranging from shopping complexes to recreational facilities.
The area’s maturity works in its favor, offering residents immediate access to established schools, hawker centers, and transport networks that newer estates take years to develop.
These record-breaking transactions, whether the $1.66 million benchmark or the $935,000 3-room unit, signal a broader trend in Singapore’s property market where well-located HDB flats in mature estates increasingly compete with private housing regarding pricing.
For prospective buyers, these figures serve as important indicators of market expectations, while also raising questions about housing affordability and the sustainability of such price growth in public housing.
The Queenstown phenomenon demonstrates that location and connectivity remain paramount considerations for homebuyers, with the estate served by nine MRT stations across the East-West and Circle Lines.
Properties within 500m of MRT stations consistently fetch higher prices per square foot, with accessibility and convenience remaining key draws that explain the premium pricing in Queenstown.
Market analysts note that Toa Payoh and Kallang/Whampoa are also emerging as potential hotspots for high-priced three-room resales, following similar patterns observed in Queenstown.
