Queens Peak Review — Queenstown · D03
HuatScore: 70/100 — Solid Choice!
Is Queens Peak a good buy?
HuatScore rates Queens Peak 70/100 — a "Solid Choice!" verdict. That makes it a solid buy for buyers who prioritise a central, well-connected address and investors chasing a workable ~3.2% yield. Strongest card: Both anchors locked in. Main watch-out: Thin future upgrader pool. Pricing is reasonable for the location at current market.
Last updated 2026-08-20 · scored against URA caveat data.
Key facts
- Verdict: Solid Choice!
- Region: Rest of Central Region
- Tenure: 99-yr leasehold
- Completed: 2020
- Units: 736
- Developer: MCC Land
- Avg PSF: ~$2,225 psf
- Price from: S$0.9M
Live market data
- Resale transactions (12mo): 35
- Recent resale PSF: ~$2,330 psf
- Gross rental yield: 3.7%
What works in its favour
- Both anchors locked in: 150m to QUEENSTOWN PRIMARY SCHOOL and 79m (~1-min walk) to Queenstown MRT (Exit B). Strictly within the P1 1km zone, plus walkable to the nearest MRT entrance. This is the non-negotiable demand anchor — kiasu parents AND yield-chasing investors are both your buyers.
- Sensible price gap: Launch PSF only +11% above local resale benchmark. Headroom for capital appreciation intact.
- Healthy transaction liquidity: 35 resale transactions in the past 12 months — wide exit pool, easier to price-discover.
- Hot resale demand: Demand pulse 100/100 — 35 resales in the last 12 months. Units turn over fast; easy to find buyers when you exit.
What to watch out for
- Thin future upgrader pool: Live count: 0 HDB blocks within 2km cross the 5-year MOP between 2025 and 2028 (of 410 HDB blocks total within 2km), and 1 nearby BTO (incl. Redhill Peaks, ~2031) add a fresh upgrader wave from ~2036. Narrow pool to absorb your resale — demand leans more on private-market churn here.
Who Queens Peak suits
- Buyers who prioritise a central, well-connected address
- Yield investors — ~3.2% gross is workable; favour larger unit types
- Buyers who value a stable, established neighbourhood over speculative upside
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
#4 of 34 condos in D3 for resale volume — this one moves. No drama, just numbers. Quietly strong one.