Queenstown is trading about 33% above the wider region median — that gap is worth understanding before you make a move here.
Transaction volume picked up in Queenstown in May 2026, with 80 resale transactions compared to 54 in April. Month-on-month, the town median PSF softened 3.1% to $954 — giving buyers a softer entry point. The town sits above the regional median of $720 psf (+32.5%).
Verified as of 2 Aug 2026 · Latest resale data through May 2026 · Latest rental data through Jun 2026
Queenstown median PSF by flat type (2/3/4/5-Room + Executive), last 3 months. Source: HDB Resale Transactions, data.gov.sg.
| Scope | Median PSF | vs Queenstown |
|---|---|---|
| Queenstown | $954 | — |
| Central Region | $720 | -24.5% |
| Island Wide | $602 | -36.9% |
Queenstown ranks #1 of 9 Central region towns by median resale PSF this month. Source: HDB Resale Transactions, data.gov.sg.
Top Streets by Volume
| Street | Transactions | Median PSF |
|---|---|---|
| Dawson Rd | 6 transactions | $1,218 |
| Dawson Rd | 4 transactions | $1,259 |
| Dawson Rd | 4 transactions | $1,091 |
| Ghim Moh Link | 3 transactions | $1,192 |
| C'wealth Cres | 2 transactions | $520 |
Top 5 streets by resale transaction count this month. Source: HDB Resale Transactions, data.gov.sg.
Price Bands by Flat Type
| Flat Type | n | Low (P25) | Median | High (P75) | Median PSF |
|---|---|---|---|---|---|
| Overall | 80 | $469,416 | $830,000 | $1,007,366 | $954 |
| 2-Room | 2 | $342,500 | $410,000 | $477,500 | $810 |
| 3-Room | 41 | $360,000 | $480,000 | $825,000 | $715 |
| 4-Room | 28 | $904,500 | $986,500 | $1,080,000 | $1,064 |
| 5-Room | 9 | $1,050,888 | $1,150,000 | $1,250,000 | $884 |
| Executive | 0 | No transactions this month | |||
Low/High = P25–P75 (APPROX_QUANTILES)
P25 (Low): 25% of flats sold below this price.
P50 (Median): The exact middle market price.
P75 (High): 75% of flats sold below this price.
May 2026 transactions only. Source: HDB Resale Transactions, data.gov.sg.
The $954 median PSF represents a 3.1% dip against April's $985. Transaction count rose 48% from 54 to 80. If you're a buyer, this is a reasonable window to negotiate.
Dawson Rd led with 6 transactions (8% of all town resale) at a median $1,218 psf — 28% above the town median. Dawson Rd followed with 4 transactions.
3-Room flats led resale activity in May 2026, accounting for 41 of 80 transactions (51%) at a median $715 psf. That flat type's PSF moved 15.6% up month-on-month.
Top Transactions
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 22 Ghim Moh Link | 5-Room | 40 TO 42 | 1,216 | $1,450,000 | $1,192 | 85 years 11 months |
| 92 Dawson Rd | 4-Room | 28 TO 30 | 1,044 | $1,288,888 | $1,234 | 89 years 01 month |
| 131 Clarence Lane | 5-Room | 10 TO 12 | 1,302 | $1,260,000 | $967 | 69 years 03 months |
| 91 Dawson Rd | 4-Room | 07 TO 09 | 1,023 | $1,250,000 | $1,222 | 89 years |
| 48 Strathmore Ave | 5-Room | 31 TO 33 | 1,184 | $1,250,000 | $1,056 | 79 years 08 months |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 27 Ghim Moh Link | 2-Room | 28 TO 30 | 506 | $545,000 | $1,077 | 86 years |
| 97 C'wealth Cres | 2-Room | 07 TO 09 | 506 | $275,000 | $544 | 43 years 02 months |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 95 Dawson Rd | 3-Room | 31 TO 33 | 678 | $900,000 | $1,327 | 94 years 05 months |
| 94 Dawson Rd | 3-Room | 31 TO 33 | 678 | $880,000 | $1,298 | 94 years 06 months |
| 95 Dawson Rd | 3-Room | 16 TO 18 | 678 | $868,888 | $1,281 | 94 years 06 months |
| 94 Dawson Rd | 3-Room | 28 TO 30 | 678 | $839,000 | $1,237 | 94 years 07 months |
| 95 Dawson Rd | 3-Room | 13 TO 15 | 678 | $838,000 | $1,236 | 94 years 06 months |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 92 Dawson Rd | 4-Room | 28 TO 30 | 1,044 | $1,288,888 | $1,234 | 89 years 01 month |
| 91 Dawson Rd | 4-Room | 07 TO 09 | 1,023 | $1,250,000 | $1,222 | 89 years |
| 33 Ghim Moh Link | 4-Room | 25 TO 27 | 1,001 | $1,238,000 | $1,237 | 91 years 02 months |
| 22 Ghim Moh Link | 4-Room | 40 TO 42 | 1,001 | $1,195,000 | $1,194 | 86 years |
| 30 Ghim Moh Link | 4-Room | 34 TO 36 | 1,001 | $1,145,000 | $1,144 | 91 years 02 months |
| Block / Street | Flat Type | Storey | Size | Price | PSF | Lease Left |
|---|---|---|---|---|---|---|
| 22 Ghim Moh Link | 5-Room | 40 TO 42 | 1,216 | $1,450,000 | $1,192 | 85 years 11 months |
| 131 Clarence Lane | 5-Room | 10 TO 12 | 1,302 | $1,260,000 | $967 | 69 years 03 months |
| 48 Strathmore Ave | 5-Room | 31 TO 33 | 1,184 | $1,250,000 | $1,056 | 79 years 08 months |
| 28D Dover Cres | 5-Room | 07 TO 09 | 1,335 | $1,180,000 | $884 | 84 years 11 months |
| 50 Strathmore Ave | 5-Room | 16 TO 18 | 1,184 | $1,150,000 | $971 | 79 years 05 months |
No transactions this month for this flat type.
Top 5 resale transactions by price. Source: HDB Resale Transactions, data.gov.sg.
Lease Decay Comparison
Median PSF by remaining lease band, blended across 2/3/4/5-Room and Executive flats. Detail by flat type below. Source: HDB Resale Transactions, data.gov.sg.
3-Room flats in Queenstown show a real lease-decay gap — units with 90+ years remaining trade at $1,236 psf against $537 psf for the under-60 band, a 57% spread. That's the clearest single number in this report for anyone deciding how much a shorter lease should actually discount a flat.
Unit Type Breakdown
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 3 | Last transacted: Apr 2026 · $1,085 psf | |
| 80-89 years | 512-mo avg · 5 transactions | $520,000 | $1,028 |
| 70-79 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 60-69 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| under-60 years | 1112-mo avg · 11 transactions | $298,000 | $602 |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 11 | $833,000 | $1,236 |
| 80-89 years | 6 | $748,444 | $1,032 |
| 70-79 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 60-69 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| under-60 years | 24 | $364,944 | $537 |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 8 | $1,039,400 | $1,091 |
| 80-89 years | 12 | $1,057,944 | $1,083 |
| 70-79 years | 4012-mo avg · 40 transactions | $890,000 | $871 |
| 60-69 years | 812-mo avg · 8 transactions | $916,500 | $796 |
| under-60 years | 1412-mo avg · 14 transactions | $587,500 | $646 |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 612-mo avg · 6 transactions | $1,441,500 | $1,246 |
| 80-89 years | 2412-mo avg · 24 transactions | $1,294,444 | $1,056 |
| 70-79 years | 1912-mo avg · 19 transactions | $1,150,000 | $950 |
| 60-69 years | 1012-mo avg · 10 transactions | $1,186,944 | $856 |
| under-60 years | 1212-mo avg · 12 transactions | $972,500 | $776 |
| Lease Band | N (Txn this mth) | Median Price | Median PSF |
|---|---|---|---|
| 90+ years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 80-89 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
| 70-79 years | 0 | Last transacted: Nov 2024 · $842 psf | |
| 60-69 years | 512-mo avg · 5 transactions | $1,300,000 | $822 |
| under-60 years | 0 | No resale transactions lodged in the past 5 years for this size. | |
Lease Bands: Remaining years on the lease. Low Volumes: If under 5 sales, data expands.
Fallback 1: Uses 12-month average (flagged). Fallback 2: Uses 5-year transaction history.
Data Source: HDB Resale Transactions, data.gov.sg.
Rents holding steady (-0.8% MoM) on steady lease volume.
Top Streets — 3-Room Rentals
| Street | Leases | Median Rent |
|---|---|---|
| Holland Ave | 4 | $3,225/mo |
| Dover Cres | 3 | $2,900/mo |
| Ghim Moh Rd | 3 | $3,000/mo |
Rents firming (+6.2% MoM) on rising lease volume.
Top Streets — 4-Room Rentals
| Street | Leases | Median Rent |
|---|---|---|
| Dover Cres | 4 | $3,950/mo |
| Dawson Rd | 3 | $4,500/mo |
| Holland Dr | 3 | $4,200/mo |
Rents softening (-2.2% MoM) on rising lease volume.
Top Streets — 5-Room Rentals
| Street | Leases | Median Rent |
|---|---|---|
| Ghim Moh Rd | 3 | $4,200/mo |
| Holland Dr | 3 | $4,400/mo |
| Clarence Lane | 2 | $4,500/mo |
HDB leases lodged with HDB / data.gov.sg. Excludes private residential. No vacancy_supply table equivalent exists for HDB — lease-volume MoM is used here as the vacancy proxy signal. Source: HDB Rental Transactions, data.gov.sg.
PSF softened 3.1% in May 2026 while transaction count held reasonably steady. Price softness without a volume collapse is sellers adjusting, not distress. For buyers, this is a window — softening PSF is the better entry setup. Don't wait for the market to confirm the bottom. That 57% 3-Room lease-decay spread between the 90+ and under-60 bands is the number to anchor any negotiation on a shorter-lease unit here — don't let a seller price a thinning lease like a fresh one.
Flat — no clear month-on-month PSF signal yet for this flat type.
32 leases over the trailing 12 months (12-mo avg · 32 leases) — this month's count is too thin for a MoM read. Currently -12.5% vs the region median.
Get a Free ValuationRising (+15.6% MoM) — expect less room to negotiate on this flat type.
Rental steady, -0.8% MoM (78 leases last month). Currently -0.7% vs the region median.
Get a Free ValuationRising (+3.1% MoM) — expect less room to negotiate on this flat type.
Rental strong, +6.2% MoM — supports pricing (46 leases last month). Currently +47.8% vs the region median.
Get a Free ValuationSoftening (-11.6% MoM) — buyers may push back on this flat type.
Rental softening, -2.2% MoM — price with that in mind (27 leases last month). Currently +22.8% vs the region median.
Get a Free ValuationFlat — no clear month-on-month PSF signal yet for this flat type.
5 leases over the trailing 12 months (12-mo avg · 5 leases) — this month's count is too thin for a MoM read. Currently +14.1% vs the region median.
Get a Free Valuation12-mo avg · 32 leases
Low/High = P25–P75 rent range this month.
Talk Rental StrategyRents holding steady (-0.8% MoM) on steady lease volume.
| Street | Leases | Median Rent |
|---|---|---|
| Holland Ave | 4 | $3,225/mo |
| Dover Cres | 3 | $2,900/mo |
| Ghim Moh Rd | 3 | $3,000/mo |
Low/High = P25–P75 rent range this month.
Talk Rental StrategyRents firming (+6.2% MoM) on rising lease volume.
| Street | Leases | Median Rent |
|---|---|---|
| Dover Cres | 4 | $3,950/mo |
| Dawson Rd | 3 | $4,500/mo |
| Holland Dr | 3 | $4,200/mo |
Low/High = P25–P75 rent range this month.
Talk Rental StrategyRents softening (-2.2% MoM) on rising lease volume.
| Street | Leases | Median Rent |
|---|---|---|
| Ghim Moh Rd | 3 | $4,200/mo |
| Holland Dr | 3 | $4,400/mo |
| Clarence Lane | 2 | $4,500/mo |
Low/High = P25–P75 rent range this month.
Talk Rental Strategy12-mo avg · 5 leases
Low/High = P25–P75 rent range this month.
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