Issue 001October 21, 2026

District 03 Pulse | September 2026 | Alexandra / Queenstown

District 03 Pulse September 2026
Roncasa ▪ Data Pulse District 03 · Alexandra / Queenstown Verified as of 21 Oct 2026 September 2026
◆ Balanced Market◆ Sellers Hold Leverage◆ Stable Rental Market
Median PSF · September 2026
$2,205 ▲ +2.5% MoM
Resale Caveats
33
▼ 23.3% vs prior mth
vs RCR Median
+10.6%
▲ $1,993 base
District Rank
#2 / 28
RCR by PSF

District 03 is trading about 11% above the wider RCR median — that gap is worth understanding before you make a move here.

Volume cooled noticeably in District 03 in September 2026, with 33 resale caveats compared to 43 in August. Month-on-month, the district median PSF edged up 2.5% to $2,205 — a constructive signal for sellers. The district sits above the RCR region median of $1,993 psf (+10.6%).

$2,205
Median PSF
33
Resale Caveats
#2
District Rank

Verified as of 21 Oct 2026 · Latest URA data through Sep 2026

01District Context
$1,652$1,971$2,290JulAugSep$2,205 ↑2.5%DistrictOCRIsland Wide

District 03 vs OCR vs Island Wide — Median PSF, last 3 months. Source: URA REALIS.

Metric District 03 RCR Region Island Wide
Median PSF $2,205 $1,993 $1,711
Caveats 33 204 702
vs D03 — -9.6% -22.4%
District 03$2,205RCR Region$1,993Island Wide$1,711

District 03 ranks #2 of 28 RCR districts by median PSF this month. Island Wide spans all districts and market segments, including a small number of legacy-labeled caveats. Source: URA REALIS.

3-Month Trend

Month Caveats Median PSF MoM
Jul 2026 49 $2,223 -1.7%
Aug 2026 43 $2,152 -3.2%
Sep 2026 33 $2,205 +2.5%

Over the 3 months to September 2026, District 03's median PSF has held steady (-0.8%), while caveat volume shrank.

Condo & EC resale only. Source: URA REALIS.

02ResaleSeptember 2026

The $2,205 median PSF represents a 2.5% gain against August's $2,152. Caveat count fell 23% from 43 to 33. Figures cover condo and EC resale only — landed and strata-landed are excluded as their per-sqft dynamics differ materially from the strata market. If you're a seller, this month's data supports holding asking price.

This month in District 03: 2 study units.

A Roncasa exclusive — no other Singapore property platform surfaces penthouse, dual-key, study, sky, or duplex units at the individual-caveat level.

Top Projects by Volume

Project Caveats Share Median PSF vs D03
Stirling Residences 6 18% $2,468 +11.9%
Echelon 4 12% $2,337 +6.0%
The Crest 3 9% $1,979 -10.3%
Queens Peak 3 9% $2,205 +0.0%
Ascentia Sky 2 6% $2,062 -6.5%
All other projects 15 45% — —

Stirling Residences led with 6 caveats (18% of all district resale) at a median $2,468 psf — 12% above the district median. Echelon and The Crest followed with 4 and 3 caveats respectively. Concentration in a few projects usually signals strong secondary-market liquidity — these PSF figures are your most current real-world price anchors. Concentrated activity at one project means better price discovery there than anywhere else in the district right now.

Top 5 projects by caveat count. Source: URA REALIS.

Type Caveats Share Median PSF MoM PSF
Studio 0 No resale caveats lodged in the past 12 months for this size.
1-Bed 6 18% $1,980 -1.7%
2-Bed 14 42% $2,416 +4.0%
3-Bed 8 24% $2,355 -5.2%
4-Bed+ 5 15% $1,998 -2.8%
Type Caveats Share Median PSF MoM PSF
1-Bed 6 18% $1,980 -1.7%

Top Projects — 1-Bed

Project Caveats Share of Bucket Median PSF
Principal Garden 2 33.3% $1,966
Queens Peak 2 33.3% $2,143
Alexis 1 16.7% $1,979
Type Caveats Share Median PSF MoM PSF
2-Bed 14 42% $2,416 +4.0%

Top Projects — 2-Bed

Project Caveats Share of Bucket Median PSF
Stirling Residences 6 42.9% $2,468
The Crest 2 14.3% $1,963
Artra 1 7.1% $2,520
Type Caveats Share Median PSF MoM PSF
3-Bed 8 24% $2,355 -5.2%

Top Projects — 3-Bed

Project Caveats Share of Bucket Median PSF
Echelon 2 25.0% $2,337
One Pearl Bank 2 25.0% $2,609
Alessandrea 1 12.5% $2,123
Type Caveats Share Median PSF MoM PSF
4-Bed+ 5 15% $1,998 -2.8%

Top Projects — 4-Bed+

Project Caveats Share of Bucket Median PSF
Ascentia Sky 1 20.0% $1,998
Echelon 1 20.0% $2,004
Highline Residences 1 20.0% $2,493

2-Bed units led resale activity in September 2026, accounting for 14 of 33 caveats (42%) at a median $2,416 psf. That segment's PSF moved 4.0% up month-on-month — worth tracking if you're targeting this size.

Type matched from Roncasa unit-mix database where available; others inferred from unit size. Source: URA REALIS + Roncasa unit mix.

Median PSF by Bedroom Type — 3-Month Movement

$1,881$2,245$2,609JulAugSep1-Bed2-Bed3-Bed4-Bed+

Each bedroom size moves differently — this isolates the trend per size. Source: URA REALIS.

Top Resale Transactions

Project Floor Size (sqft) Price PSF
Ascentia Sky 36-40 1,851 $3,700,000 $1,998
River Place 01-05 2,110 $3,450,000 $1,635
The Crest 01-05 1,658 $3,280,000 $1,979
Highline Residences 16-20 1,292 $3,220,000 $2,493
Echelon 06-10 1,572 $3,150,000 $2,004
Project Floor Size (sqft) Price PSF
Queens Peak 21-25 484 $1,068,000 $2,205
Queens Peak 21-25 495 $1,030,000 $2,080
Principal Garden 21-25 484 $960,000 $1,982
Avenue South Residence 01-05 527 $950,000 $1,801
Principal Garden 16-20 484 $945,000 $1,951
Project Floor Size (sqft) Price PSF
Domain 21 21-25 1,023 $2,190,000 $2,142
Ascentia Sky 26-30 1,012 $2,150,000 $2,125
The Crest 06-10 1,033 $2,100,000 $2,032
Artra 36-40 786 $1,980,000 $2,520
Echelon 21-25 732 $1,750,000 $2,391
Project Floor Size (sqft) Price PSF
One Pearl Bank 26-30 1,152 $3,010,000 $2,613
One Pearl Bank 36-40 1,152 $3,000,000 $2,605
Artra 11-15 1,044 $2,540,000 $2,433
Echelon 21-25 1,001 $2,380,000 $2,378
Alessandrea 11-15 1,001 $2,125,000 $2,123
Project Floor Size (sqft) Price PSF
Ascentia Sky 36-40 1,851 $3,700,000 $1,998
River Place 01-05 2,110 $3,450,000 $1,635
The Crest 01-05 1,658 $3,280,000 $1,979
Highline Residences 16-20 1,292 $3,220,000 $2,493
Echelon 06-10 1,572 $3,150,000 $2,004

Top 5 resale caveats by transaction price. Bedroom count from Roncasa's crown-jewel bedroom routing (est. = rare area-size fallback for the unmatched caveat). Condo & EC only. Source: URA REALIS.

03Rental MarketLatest available: August 2026 · URA rental lodgements typically lag ~1–2 months behind sales
RCR Vacancy Rate
6.3%
2026Q1 · +0.3pp vs 2025Q4 (6.0%)
5.5%7.0%8.4%2024Q22024Q42025Q22025Q46.3%RCRSingapore

RCR vs Singapore-wide vacancy rate, last 8 quarters. Source: SingStat / URA.

At 6.3% and rising 0.3pp QoQ, RCR vacancy is elevated — tenants have more negotiating room than usual — a useful signal for anyone weighing a rental play here.

Median Rent
$3,700/mo
Rent MoM
+0.0%
Leases This Month
82
Leases MoM
-28.7%
Median Size
~450 sqft
Rental PSF
$8.22 psf/mo

Rents holding steady (+0.0% MoM) on thin volume.

+3 additional leases this month had no URA bedroom type on file (inferred from unit size only) — excluded from the stats above for a cleaner per-bedroom signal.

Top Projects — 1-Bed Rentals

Project Leases Median Rent
Avenue South Residence 10 $3,650/mo
Commonwealth Towers 10 $3,675/mo
Stirling Residences 9 $3,800/mo
Median Rent
$4,700/mo
Rent MoM
-2.1%
Leases This Month
140
Leases MoM
-7.3%
Median Size
~750 sqft
Rental PSF
$6.27 psf/mo

Rents softening (-2.1% MoM) on steady demand.

+14 additional leases this month had no URA bedroom type on file (inferred from unit size only) — excluded from the stats above for a cleaner per-bedroom signal.

Top Projects — 2-Bed Rentals

Project Leases Median Rent
Stirling Residences 20 $4,950/mo
Avenue South Residence 13 $4,300/mo
Tiong Bahru Estate 13 $5,000/mo
Median Rent
$6,650/mo
Rent MoM
+2.3%
Leases This Month
106
Leases MoM
-16.5%
Median Size
~1,150 sqft
Rental PSF
$5.78 psf/mo

Rents firming (+2.3% MoM) on thin volume.

Top Projects — 3-Bed Rentals

Project Leases Median Rent
Echelon 11 $6,500/mo
Queens 10 $5,950/mo
Stirling Residences 8 $6,950/mo
Median Rent
$9,500/mo
Rent MoM
+5.6%
Leases This Month
15
Leases MoM
+36.4%
Median Size
~1,650 sqft
Rental PSF
$5.76 psf/mo

Rents firming (+5.6% MoM) on rising demand.

Top Projects — 4-Bed+ Rentals

Project Leases Median Rent
Ascentia Sky 2 $9,700/mo
Principal Garden 2 $10,750/mo
Stirling Residences 2 $9,000/mo

Private residential leases lodged with URA. Excludes HDB. URA tenancy agreements don't require bedroom type — ~13% of leases are unspecified; inferred from unit size where possible. Source: URA REALIS.

04New Launch

Unsold Stock

Project Available Total % Sold
Promenade Peak 156 units 596 units 74%
Zyon Grand 69 units 274 units 75%
Penrith 5 units 76 units 93%
265 Outram Road 2 units 2 units 0%

New launch supply is narrowing — 232 units across 4 projects. Specific stacks and bedroom types may already be sold out. Resale and new launch are increasingly converging in what's available.

Source: EcoProp live balance. Latest available snapshot.

New Launch by Bedroom Type

Unit Type Available Total % Sold Size
1 Bedroom + Study 64 units 139 units 54% 474–527 sqft
Unit Type Available Total % Sold Size
2 Bedroom + Study 61 units 120 units 49% 764–797 sqft
2 Bedroom 23 units 276 units 92% 614–689 sqft
2 Bedroom Premium + Study 9 units 118 units 92% 721–721 sqft
Unit Type Available Total % Sold Size
3 Bedroom 5 units 139 units 96% 818–1,033 sqft
3 Bedroom Premium (With Private Lift) 5 units 38 units 87% 1,163–1,195 sqft
Unit Type Available Total % Sold Size
4 Bedroom Premium (With Private Lift) 18 units 57 units 68% 1,421–1,421 sqft
5 Bedroom Supreme (With Private Lift) 18 units 18 units 0% 1,819–1,819 sqft
5 Bedroom Premium (With Private Lift) 15 units 21 units 29% 1,884–4,144 sqft
4 Bedroom Supreme + Study (With Private Lift) 11 units 18 units 39% 1,615–1,615 sqft
Penthouse (5 Bedroom With Private Lift) 1 unit 2 units 50% 2,756–2,756 sqft

All unit types shown, including fully sold-out ones (⚠). Size = min–max sqft across matching Roncasa unit-mix records; blank where no match exists. Source: EcoProp live balance + Roncasa unit mix, aggregated across all active District 03 projects.

New Launch Volume Analysis

Scope New Sale Vol MoM Median PSF PSF MoM
District 2 units -33.3% $2,914 -1.2%
Region 85 units +9.0% $2,567 -3.3%
Singapore 180 units +1.1% $2,435 -2.8%

Region normalizes legacy market_segment labels (e.g. "Outside Central Region" alongside "OCR"). New Sale, condo & EC only. Source: URA REALIS.

2 units

District 03 sold 2 new launch units this month — #15 of 19 districts. D05 led with 33.

1.1% of the 180-unit Singapore total. Source: URA REALIS.

05Ron's Read
Ron's Read

A 2.5% PSF uptick at steady volume is a constructive signal — prices moving on genuine activity, not a thin-month statistical blip. Sellers have some pricing power; buyers should come with recent comparables. Sellers can hold asking prices with reasonable confidence. Buyers chasing specific projects should price in less negotiating room this month. With 232 new launch units still available, resale buyers should benchmark against new launch pricing before committing — the gap tells you a lot about relative value.

06What It Means For You
What does this data mean for you?
Typical Entry Price
$1,158,535
vs OCR Median PSF
-0.6%
Est. Gross Yield
—
Rental Size · PSF
~450 sqft · $8.22 psf/mo

Flat — sentiment isn't driving this size right now, anchor to recent comparables.

Estimate only, based on a 585 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Typical Entry Price
$2,088,442
vs OCR Median PSF
+21.2%
Est. Gross Yield
—
Rental Size · PSF
~750 sqft · $6.27 psf/mo

Rising (+4.0% MoM) — expect less room to negotiate on this size.

Estimate only, based on a 864 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Typical Entry Price
$3,284,293
vs OCR Median PSF
+18.2%
Est. Gross Yield
—
Rental Size · PSF
~1,150 sqft · $5.78 psf/mo

Softening (-5.2% MoM) — a reasonable window to negotiate on this size.

Estimate only, based on a 1,395 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Typical Entry Price
$4,244,163
vs OCR Median PSF
+0.3%
Est. Gross Yield
—
Rental Size · PSF
~1,650 sqft · $5.76 psf/mo

Softening (-2.8% MoM) — a reasonable window to negotiate on this size.

Estimate only, based on a 2,124 sqft typical unit and this month's rental medians. Not a guaranteed return. Rental PSF (psf/mo) is a different unit from sale PSF ($/sqft) — don't compare the two directly.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Book a Consultation
Resale Caveats
6
Exit Price Est.
$1,158,535
Exit Median PSF
$1,980
Rental Size · PSF
~450 sqft · $8.22 psf/mo

Flat (-1.7% MoM) — anchor to recent comparables.

Rental steady, +0.0% MoM (82 leases last month). Currently -0.6% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $1,120,000–$1,650,000 $1,801–$2,365 psf
High (11+) $1,390,000–$1,750,000 $2,273–$2,453 psf

P25–P75 range. Last 3 months, 1-Bed units only.

Get a Free Valuation
Resale Caveats
14
Exit Price Est.
$2,088,442
Exit Median PSF
$2,416
Rental Size · PSF
~750 sqft · $6.27 psf/mo

Rising (+4.0% MoM) — expect less room to negotiate on this size.

Rental softening, -2.1% MoM — price with that in mind (140 leases last month). Currently +21.2% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $1,600,000–$2,100,000 $1,792–$2,044 psf
High (11+) $1,988,888–$2,540,000 $2,168–$2,494 psf

P25–P75 range. Last 3 months, 2-Bed units only.

Get a Free Valuation
Resale Caveats
8
Exit Price Est.
$3,284,293
Exit Median PSF
$2,355
Rental Size · PSF
~1,150 sqft · $5.78 psf/mo

Softening (-5.2% MoM) — buyers may push back on this size.

Rental strong, +2.3% MoM — supports pricing (106 leases last month). Currently +18.2% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $2,330,000–$3,138,000 $1,804–$2,013 psf
High (11+) $2,860,000–$3,220,000 $2,000–$2,388 psf

P25–P75 range. Last 3 months, 3-Bed units only.

Get a Free Valuation
Resale Caveats
5
Exit Price Est.
$4,244,163
Exit Median PSF
$1,998
Rental Size · PSF
~1,650 sqft · $5.76 psf/mo

Softening (-2.8% MoM) — buyers may push back on this size.

Rental strong, +5.6% MoM — supports pricing (15 leases last month). Currently +0.3% vs the RCR median.

Floor Band Price Range PSF Range
Low (01–10) $3,280,000–$3,560,000 $1,827–$2,055 psf
High (11+) $3,460,000–$3,730,000 $1,997–$2,152 psf

P25–P75 range. Last 3 months, 4-Bed+ units only.

Get a Free Valuation
Median Rent · 1-Bed
$3,700/mo
Low–High Range
$3,500–$3,995/mo
Est. Gross Yield
~3.8%
Median Size · PSF
~450 sqft · $8.22 psf/mo

Rents holding steady (+0.0% MoM) on thin volume.

Project Leases Median Rent
Avenue South Residence 10 $3,650/mo
Commonwealth Towers 10 $3,675/mo
Stirling Residences 9 $3,800/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy
Median Rent · 2-Bed
$4,700/mo
Low–High Range
$4,400–$5,200/mo
Est. Gross Yield
~2.7%
Median Size · PSF
~750 sqft · $6.27 psf/mo

Rents softening (-2.1% MoM) on steady demand.

Project Leases Median Rent
Stirling Residences 20 $4,950/mo
Avenue South Residence 13 $4,300/mo
Tiong Bahru Estate 13 $5,000/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy
Median Rent · 3-Bed
$6,650/mo
Low–High Range
$5,925–$7,500/mo
Est. Gross Yield
~2.4%
Median Size · PSF
~1,150 sqft · $5.78 psf/mo

Rents firming (+2.3% MoM) on thin volume.

Project Leases Median Rent
Echelon 11 $6,500/mo
Queens 10 $5,950/mo
Stirling Residences 8 $6,950/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy
Median Rent · 4-Bed+
$9,500/mo
Low–High Range
$8,535–$10,500/mo
Est. Gross Yield
~2.7%
Median Size · PSF
~1,650 sqft · $5.76 psf/mo

Rents firming (+5.6% MoM) on rising demand.

Project Leases Median Rent
Ascentia Sky 2 $9,700/mo
Principal Garden 2 $10,750/mo
Stirling Residences 2 $9,000/mo

Low/High = P25–P75 rent range this month. Est. gross yield = (median rent × 12) ÷ (median PSF × typical unit size). Not a guaranteed return.

Gross yield = annual rent ÷ purchase price. A rough income-return gauge before costs. Higher = more rental income per dollar invested.

Talk Rental Strategy