Based on transacted data for the past six months, Queens Peak is the second most expensive developments within 0.5 KM from Queenstown MRT station.
However, considering that Queens and Alexis are older developments, the project comparable to Queens Peak would be Commonwealth Towers.
Therefore, for this article, we will compare Queens Peak with Commonwealth Towers. If you are deciding between Queens Peak and other developments, do feel free to contact us at (65) 6100 1344 for our opinions.
Regarding PSF, Queens Peak is relatively better priced than Commonwealth Towers.
Let’s look at each bedroom type. We will exclude 1-bedroom configuration as it is already fully sold.
Based on past transactions, Queens Peak is priced relatively cheaper than Commonwealth Tower.
Breaking down the pricing into bedroom type, regarding per unit pricing, 2 Bedroom & 3 Bedroom are more affordable at Queens Peak than Commonwealth Tower. As the 4-bedroom of Commonwealth Tower is smaller in size compared to those of Queens Peak, the per unit price is generally lower than that of Queens Peak.
On the whole, despite being a newer development than Commonwealth Tower, Queens Peak, surprisingly, was competitively priced against Commonwealth Tower.
Furthermore, with the higher land bid price (around S$1,050 per square per plot ratio ) at nearby Stirling road announced on May 20. This upcoming development at Stirling Road’s breakeven cost would be around S$1,600 to S$1,700 PSF PPR, making Queens Peak’s current selling PSF of S$1,500 to S$1,600 an attractive proposition.