COMMONWEALTH TOWERS
UrbanLens Analysis
At $2,227 PSF, COMMONWEALTH TOWERS prices 2% above the District 03 median. Compare that to ZYON GRAND at $3,046 PSF -- a 27% premium that buyers need to justify. Being 1 minutes on foot from Queenstown MRT (93m) adds genuine convenience and supports the pricing.
The 9.3% gain in two years signals steady demand -- solid, not speculative. 85 transactions over two years gives deep liquidity and reliable pricing signals. For context, STIRLING RESIDENCES has gained 5.5% over the same period.
With ~86 years on a 99-year lease, financing and CPF remain fully unconstrained. Lease decay is a non-issue at this stage. Gross yield of 3.7% tracks the RCR average of 3.5%. At $5,091/month median rent, income is market-rate -- neither a standout nor a weakness.
At 845 units, this is a mega-development. Maintenance economies and extensive amenities are the upside; oversupply during downturns is the risk.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| ZYON GRAND | $3,046 | — | 0.0% |
| PENRITH | $2,793 | — | 0.0% |
| PROMENADE PEAK | $2,931 | — | 0.0% |
| STIRLING RESIDENCES | $2,359 | 3.6% | +5.5% |
| AVENUE SOUTH RESIDENCE | $2,282 | 3.4% | -2.8% |
PSF Trend
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