1. Overview of Queenstown HDB Market

Queenstown, in Singapore's Rest of Central Region (RCR), remains one of the most sought-after HDB towns due to its strategic location and mature amenities. In early 2025, resale prices hit record highs — especially for smaller flats — driven by limited supply and strong central demand en.wikipedia.org+8uchify.com+8reddit.com+8.

2. Recent Resale Transactions (May–June 2025)

3-Room Flats

• Highs reached up to S$935,000 for a 3-room unit in Dawson Road—a record price for that flat type in Queenstown 99.co+3uchify.com+3stackproperty.sg+3.

• In June 2025, listings show a S$380,000 sale at Stirling Road (Improved, ~60 sqm) and S$528,888 near Holland Drive (~65 sqm) stackproperty.sg.

4-Room Flats

• June 2025 prices range widely:

  • S$735,000 (Dover Crescent, 87 sqm)

  • Around S$995,000–1,150,000 for newer estates like Ghim Moh Link (2013–2018 builds) reddit.com+4stackproperty.sg+4propertyguru.com.sg+4uchify.com+9propertyforsale.com.sg+9stackproperty.sg+9.

• New premium transactions:

  • S$1.05 M at Block 28, Ghim Moh Link

  • S$1.15 M at Block 31, Ghim Moh Link propertyguru.com.sg+2uchify.com+2services2.hdb.gov.sg+2.

5-Room & Executive Flats

• A 5-room Premium Loft at Dawson Road (22–24 storey, 122 sqm, built 2016) fetched S$1.659 million in June 2025 uchify.com+2propertyforsale.com.sg+2stackproperty.sg+2.

• Executive flats achieved between S$1.3 M–1.51 M, e.g., at Mei Ling Street in May 2025 propertyguru.com.sg+5propertyforsale.com.sg+5stackproperty.sg+5.

3. Price Trends & Averages

The average resale prices in June 2025 broken down by flat age:

• 5–10 years old: S$1.304 M (min S$978k, max S$1.659 M)

• 11–15 years: ~S$1.195 M

• 16–20 years: ~S$1.095 M

• Older flats (21–25 years): S$935 k average stackproperty.sg+1uchify.com+199.co.

What this shows: newer or loft-style flats command premium prices (S$10,000–13,000 psm), while older flats still fetch a respectable S$7,000–9,000 psm.

4. Transaction Highlights & Records

• A premium 3-room near Dawson recently sold for S$935k, making headlines as “the most expensive 3-room resale HDB ever transacted” 99.co+2uchify.com+2reddit.com+2.

• Queenstown recorded 14 million-dollar-plus resale HDBs in April 2025, reflecting sustained high demand uchify.com.

• Executive maisonettes (Mei Ling Street) have fetched up to S$1.51 M stackproperty.sg+199.co+1.

5. Affordable Options & Lease Watch

Not all flats are in the million-dollar range:

• A S$400k 3-room at Queen’s Close (1973 build, ~47-year lease remaining) still offers a more affordable entry point stackedhomes.com+1stackproperty.sg+1.

• Older Improved models from the 1970s (e.g., Stirling Rd, Holland Dr) trade between S$360k–415k en.wikipedia.org+11propertyforsale.com.sg+11hdb.gov.sg+11.

However, these come with shorter remaining leases (≈45–50 years), which is a key consideration for buyers focused on lease biotech and resale value.

6. Why Are Prices So High?

Several key factors drive Queenstown’s premium resale market:

1. Central Location — direct MRT access (EW & CC lines) and easy commute to CBD hdb.gov.sg+2stackedhomes.com+2uchify.com+2uchify.com+1services2.hdb.gov.sg+1stackedhomes.com+2en.wikipedia.org+2uchify.com+2.

2. Mature Estate — abundance of amenities: IKEA Alexandra, Anchorpoint, Margaret Dr hawker centre, library, sports complexes en.wikipedia.org+3ohmyhome.com+3stackedhomes.com+3.

3. Limited Supply — no large-scale new HDB infills other than redevelopment, leading to tight resale inventory stackedhomes.com+8en.wikipedia.org+8propertyguru.com.sg+8.

4. Gentrification — new BTO “Plus/Prime” in Queenstown attracts affluent buyers who prefer resale to avoid long wait or MOP en.wikipedia.org+3ohmyhome.com+3uchify.com+3.

7. Upcoming Redevelopment

The Tanglin Halt estate (one of Queenstown’s oldest pockets) is undergoing phased SERS redevelopment, planning ~5,500 new HDB units and an integrated precinct with hawker centre, polyclinic and park over the next 10–15 years stackproperty.sg+2en.wikipedia.org+2en.wikipedia.org+2. This will add fresh supply and potentially stabilise prices eventually.

8. What It Means for Buyers & Sellers

Sellers

If you’ve a newer, premium loft/Executive/5-room flat, current pricing in the S$1.2M–1.65M range makes it a seller’s market.

Buyers

Consider your priorities:

• Budget-conscious? Opt for older 3-room flats at ~S$360k–528k, while mindful of lease decay.

• Seeking premium/later residence? Expect to pay >S$1M.

• Keep lease tenure in mind—70+ years remaining is ideal; <60 yrs may be trickier for buyers requiring long loan tenure.

9. Comparison Snapshot

(Note: Prices vary by block, floor level, lease start, and unit condition.)

10. Future Outlook

• Supply: Tanglin Halt Cascadia & SERS phases will recycle mature stock and add fresh units (2025–2035).

• Demand: Central living remains highly coveted – expect sustained demand.

• Price trajectories: Resale prices may “plateau” as redevelopment supply stabilises, but premium units likely retain value.

📝 Key Takeaways

• 3-room flats range from S$360k–935k; price variations reflect age and lease.

• 4-room resale flats fetch S$735k–1.15M depending on build year.

• 5-room and Executive units now command S$1M+, with some topping S$1.6M.

• Queenstown consistently ranks among the top-tier resale towns, driven by location, amenities, and tight supply reddit.comstackproperty.sg+1en.wikipedia.org+1en.wikipedia.orgservices2.hdb.gov.sg.

• Redevelopment (Tanglin Halt) will bring new stock; resale market may stabilize in mid‑to‑late decade.

Next Steps for You

• For buyers: Decide if you prioritize price or tenure. Filter by lease age, build year, and resale transaction data on HDB’s e-Services or platforms like 99.co, PropertyGuru.

• For sellers: Market insights show especially strong interest in premium flats—highlight recent high-profile transactions to price competitively.

• For all: Keep an eye on Tanglin Halt’s SERS timeline and follow future BTO launches for planning around supply shifts.

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