By District

Best Condos in District 3 (Queenstown, Alexandra)

Condos in D3 (Queenstown/Alexandra) — mature estate with excellent connectivity.

Last updated: 16 March 2026

Overview

District 3 encompasses the mature estates of Queenstown, Tiong Bahru, and Alexandra, functioning as a primary residential hub within the Rest of Central Region (RCR). As of late 2023, the average transaction price for non-landed private properties in this district reached approximately $2,150 PSF. The area's market performance is supported by its direct connectivity to the Central Business District via the East-West MRT line and its proximity to the One-North technology cluster.

Market Analysis

Data from the past 36 months shows a 15.2% appreciation in average PSF values for District 3 condos, outperforming several other RCR segments. New launch developments near Redhill and Queenstown MRT stations have recorded transaction prices between $2,450 and $2,850 PSF, while resale units in 10-year-old developments maintain a price floor of approximately $1,900 PSF. Rental yields in the district remain stable, with 2-bedroom units averaging between 3.3% and 3.7% per annum. Transaction volume remains concentrated in the 700 to 1,000 square foot range, which accounts for 42% of all secondary market sales in the region.

Most Popular Projects in This District

ProjectDistrictMedian PSFTransactionsTenure
AVENUE SOUTH RESIDENCED03 Queenstown, Tiong Bahru$2,208.56179699 yrs lease commencing from 2018
STIRLING RESIDENCESD03 Queenstown, Tiong Bahru$2,140.12274899 yrs lease commencing from 2017
ZYON GRANDD03 Queenstown, Tiong Bahru$3,047.35460199 years leasehold
ONE PEARL BANKD03 Queenstown, Tiong Bahru$2,538.18454999 yrs lease commencing from 2019
PENRITHD03 Queenstown, Tiong Bahru$2,792.37243499 years leasehold
RIVIERED03 Queenstown, Tiong Bahru$2,818.94942099 yrs lease commencing from 2018
THE LANDMARKD03 Queenstown, Tiong Bahru$2,498.06238399 yrs lease commencing from 2020
PROMENADE PEAKD03 Queenstown, Tiong Bahru$2,931.43635899 years leasehold
COMMONWEALTH TOWERSD03 Queenstown, Tiong Bahru$2,009.328999 yrs lease commencing from 2013
QUEENS PEAKD03 Queenstown, Tiong Bahru$2,057.46424599 yrs lease commencing from 2015

Buyer Advice

Buyers should prioritize developments within a 500-meter radius of Queenstown, Redhill, or Tiong Bahru MRT stations to ensure high rental liquidity and capital preservation. It is necessary to evaluate the lease decay of older 99-year leasehold projects in the area, as those with less than 65 years remaining may face tighter financing restrictions for future buyers. Investors should compare the $400 to $600 PSF price gap between new launches and established resale projects to determine the most efficient entry point for their capital.

Frequently Asked Questions

What is the average price for a 3-bedroom condo in District 3?
A typical 3-bedroom resale unit of 1,000 to 1,100 square feet in District 3 currently transacts between $2.1 million and $2.5 million. New launch 3-bedroom units in the same district often start from $2.8 million depending on the floor level and proximity to the MRT.
Are there freehold condo options available in Queenstown?
The majority of private residential land in the immediate Queenstown MRT vicinity is 99-year leasehold. Freehold developments are primarily located in the Alexandra and Jervois enclaves, where prices for freehold units typically command a 15% to 25% premium over leasehold counterparts.
How does District 3 rental yield compare to the Singapore average?
District 3 currently offers gross rental yields of 3.3% to 3.7%, which is slightly above the island-wide average of 3.2%. This performance is driven by high demand from professionals working in the nearby One-North business park and the Central Business District.
What are the newest condo completions in the Alexandra area?
Recent completions in the Alexandra and Redhill vicinity include Avenue South Residence and Stirling Residences, which have added over 2,300 units to the local supply. These developments have seen secondary market prices stabilize at approximately $2,200 to $2,500 PSF.
Is District 3 a good location for investment properties?
District 3 is a high-demand rental zone due to its RCR status and proximity to major employment hubs. Data shows that 1-bedroom and 2-bedroom units in this district have the highest transaction frequency, reflecting strong interest from both retail investors and corporate tenants.
Which MRT stations serve the condos in District 3?
The district is primarily served by the East-West Line at Queenstown, Commonwealth, Redhill, and Tiong Bahru stations. Additionally, the southern edges of District 3 benefit from the Thomson-East Coast Line via Great World and Havelock stations.

This guide was generated with AI assistance using real transaction data. Verify all figures independently before making decisions.

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