Queens Peak
D03 - Alexandra / Commonwealth
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Key milestones for Queens Peak.
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Why Queens Peak
A landmark development that brings together an unbeatable location and trusted developer pedigree.
A covered link straight to Queenstown MRT
The station is about 94m away, effectively at the door, and the development has a direct above-ground link to it. That kind of seamless connection is rare outside mixed-use projects, and it removes the one thing that most undermines a 736-unit development - the daily walk to the train.
Queenstown Primary 235m away
Queenstown Primary School is roughly 235m from the entrance, comfortably inside the one-kilometre priority band. New Town Primary is about 1km, and Queenstown Secondary and Queensway Secondary are both under a kilometre.
Two 44-storey towers on a 113,200 sqft site
The plot is large enough for two tall towers rather than one slab block, which is why the project can carry 77 facility items across seven zones including a 50m lap pool. Height also means that many units above the mid-levels clear the surrounding low-rise Queenstown estate.
A childcare centre and a shop inside the development
Queens Peak includes a childcare centre and a single shop unit within its own grounds. For a 736-unit family-oriented project next to a primary school, the childcare centre is an unusually practical amenity - it saves a daily detour rather than simply adding to a brochure.
A sold-out project with a clear price record
The project launched at an average of about $1,628 psf in November 2016 and has since traded at materially higher levels, with median transacted pricing at $1,947 psf in the second half of 2021 and around $2,057 psf on more recent data. Whatever the entry point, the resale history is documented and easy to check.
An award-winning layout
Queens Peak won the EdgeProp Excellence Award in 2021 for innovation and layout. The recognition was specifically for the planning of the units and facilities rather than for marketing, which is the more useful kind of award for a buyer.
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Queens Peak
D03 - Alexandra / Commonwealth
Queens Peak is a 99-year leasehold development of 736 units plus one shop unit at 3 Dundee Road, District 3, in the Queenstown planning area. It comprises two blocks of 44 storeys - among the taller residential towers in the district - on a plot of roughly 113,200 sqft, with a land area purchased by the developer for $483.2 million in June 2015, equivalent to about $871 psf per plot ratio.
The project was previewed on 22 and 23 October 2016 and launched on 5 November 2016, selling 242 units on launch day and 250 over the launch weekend - a take-up of 34 per cent, with one- and two-bedroom units accounting for about 90 per cent of what moved. It has since sold out completely, and in 2021 won the EdgeProp Excellence Award for innovation and layout.
The specification is deliberately extensive: seven zones containing 77 facility items, including a 50m lap pool, alongside a childcare centre and a single shop unit within the development. Unit sizes run from one to five bedrooms, with penthouse units that come with private pools.
The location is the project's strongest argument. Queenstown MRT station on the East-West Line is about 94m from the entrance with a direct above-ground link - the kind of connection normally found only in mixed-use developments. Around it sits mature Queenstown: Queenstown Primary at 235m, Sheng Siong at 338m, Anchorpoint at 652m, IKEA Alexandra at 694m and Queensway Shopping Centre at 826m. Alexandra Hospital and the One-North, Mediapolis and Singapore Science Park employment clusters are all within a short drive.
The Developer
Backed by HY Realty.
HY Realty (Dundee) Pte Ltd (Hao Yuan Investment)
Queens Peak was developed by HY Realty (Dundee) Pte Ltd, the project company of Hao Yuan Investment, which acquired the Dundee Road site in a government land sale in June 2015 for $483.2 million. MCC Land acted as project manager, bringing the construction and delivery side under an experienced hand - a structure that matters on a 736-unit, 44-storey project.
Notable Projects
Why Queens Peak Stands Out
A closer look at the factors that make this development a compelling opportunity.
Location & Connectivity
Queenstown is one of Singapore's oldest satellite towns and one of its best-connected, and Queens Peak sits at the centre of it with Queenstown MRT station about 94m from the entrance and a direct above-ground link to it. That single fact anchors everything else. The East-West Line gives a straight ride to Raffles Place, City Hall and Jurong East, and the Ayer Rajah Expressway and Alexandra Road put the Central Business District within a short drive. The surrounding employment base is unusually deep for a non-central district: One-North, Mediapolis, Singapore Science Park and the Alexandra hospital and industrial precincts are all within a few kilometres, which is a genuine support for both owner-occupier and rental demand. Add Alexandra Hospital and the range of markets and food centres - Tanglin Halt, Redhill, Alexandra Village, ABC Brickworks and Tiong Bahru - and this is a location that functions well without a car.
Amenities & Lifestyle
The immediate neighbourhood is well supplied. Sheng Siong is about 338m away for groceries, with FairPrice outlets at roughly 475m, 559m and 866m. Anchorpoint Shopping Centre is about 652m, IKEA Alexandra about 694m, Alexandra Central about 783m and Queensway Shopping Centre about 826m - the last of these being a long-standing destination for sports goods and tailoring. Schools are close: Queenstown Primary at 235m, New Town Primary at about 1km, Queenstown Secondary at 699m and Queensway Secondary at 852m. Queenstown Stadium, the swimming pool and the public library are all within the town. Within the development there are 77 facility items across seven zones including a 50m lap pool, plus a childcare centre and one shop unit.
Rental & Investment
Queenstown has a structural advantage for landlords: the tenant pool is not just the city. One-North, Mediapolis, Singapore Science Park, the Alexandra industrial and hospital precincts and the National University Hospital cluster all sit within a short distance, and the presence of a major hospital and research ecosystem brings a steady flow of medical, academic and technology tenants on shorter tenancies. Proximity to Queenstown MRT at 94m widens the pool further, since the East-West Line serves both the city and the Jurong East commercial hub. The counterweight is supply - Queens Peak is one of 736 units, so owners compete within their own development as well as with Commonwealth Towers, Principal Garden and the surrounding stock. Expect solid occupancy rather than premium yields, and underwrite on capital value and location quality.
Area Transformation
Queenstown's transformation is mature and the direction of travel is set. The town has been progressively redeveloped since the 2000s, and the arrival of the One-North business park, Mediapolis, Fusionopolis and the broader Buona Vista research cluster converted a former HDB satellite town into an employment-adjacent residential district. Queens Peak itself is part of that wave, replacing the older low-rise stock that previously occupied the Dundee Road site. Looking ahead, the main changes are the continued build-out of the one-north and Science Park drive corridor, and the renewal of the older Queenstown HDB estates under the Remaking Our Heartland programme, which will gradually replace ageing blocks with denser new ones. The net effect should be positive but gradual - better amenities and a marginally younger population - rather than a step change in land values.
Queens Peak — Rating & Reviews
Data-driven assessment based on location, facilities, pricing, and market context.
Rated based on MRT proximity, nearby shopping and supermarkets within 1km, plus district prestige.
Higher score for developments with swimming pool, gym, clubhouse, tennis court, spa, and other premium amenities.
Compares the project's price per square foot against the district average — below average pricing earns a higher score.
Larger developments with more units score higher for greater community vibrancy and better facilities.
Based on the developer's track record and market standing — top-tier listed developers earn the highest scores.
Projects with completed TOP and freehold tenure score highest; longer wait times reduce the score.
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 |  |  |  |  |  |  |  |  |  |  |  | |
| Tenure | 99 years lease commencing from 04/11/2024 | Freehold | Freehold | Freehold | Freehold | Freehold | Freehold | Freehold | 99 years wef 13th February 2024 | Leasehold 99 years commencing 30 Sep 2025 | 99 years from 13 Feb 2024 | Freehold |
| TOP | Apr 2031 | Sep 2022 | Jul 2017(TOP+CSC Obtained) | TOP Obtained | Jan 2024 | 20 November 2025 | Dec 2017 | 23 Nov 2022 | 14 November 2028 | Dec 2030 | Mar 2029 | Dec 2028 |
| 1 BR | 1BR+STUDY $1,658,000 - $1,930,000 549 - 635 sqft $3,020 - $3,039 psf | 1 Bedroom $1,718,000 527 - 700 sqft $3,260 psf | 1 Bedroom $2,288,000 - $2,805,000 592 - 861 sqft $3,258 - $3,865 psf 1 Bedroom (Double Volume) $2,563,000 - $2,649,000 872 - 904 sqft $2,930 - $2,939 psf 1 Bedroom + 1 $2,750,000 - $3,341,000 710 - 990 sqft $3,375 - $3,873 psf | 1 Bedroom $1,763,500 581 - 614 sqft $3,035 psf 1 Bedrooms $1,431,500 - $1,857,380 495 - 785 sqft $2,096 - $3,200 psf | 1 BEDROOM + STUDY $1,404,000 - $1,427,000 506 sqft $2,775 - $2,820 psf | 1 BEDROOM DELUXE $1,227,000 463 sqft $2,650 psf 1 BEDROOM EXECUTIVE $1,010,000 - $1,133,000 409 sqft $2,469 - $2,770 psf 1 BEDROOM GARDEN $1,245,000 506 sqft $2,460 psf | ||||||
| 2 BR | 2 Bedroom $1,788,000 - $1,902,000 614 sqft $2,912 - $3,098 psf | 2BR $2,115,000 - $2,268,000 689 - 732 sqft $3,050 - $3,292 psf 2BR+STUDY $2,486,000 - $2,644,000 807 sqft $3,081 - $3,276 psf | 2 Bedroom $3,838,000 1,066 sqft $3,600 psf | 2 Bedroom + Study $4,811,100 - $5,522,760 1,313 sqft $3,664 - $4,206 psf | 2 Bedroom Apartment $10,000,000 3,197 sqft $3,128 psf | 2 Bedrooms (Attic) $6,484,000 1,981 sqft $3,273 psf 2 Bedrooms (Loft) $5,330,000 - $5,909,000 1,604 - 1,765 sqft $3,133 - $3,684 psf 2 Bedrooms (Loft) + Study $5,303,000 - $5,957,000 1,808 - 1,841 sqft $2,915 - $3,295 psf | $2,260,000 807 sqft $2,800 psf | 2 Bedroom + Study $2,194,900 786 sqft $2,792 psf | 2 Bedroom $1,505,000 - $1,646,000 527 sqft $2,856 - $3,123 psf 2 Bedroom + Study $1,924,000 - $2,072,000 657 - 678 sqft $2,885 - $3,106 psf 2 Bedroom Premium $1,803,000 - $1,983,000 614 sqft $2,936 - $3,230 psf | 2 BEDROOM DELUXE $1,644,000 - $1,822,000 667 - 678 sqft $2,425 - $2,687 psf 2 BEDROOM EXECUTIVE $1,334,000 - $1,499,000 549 sqft $2,430 - $2,730 psf 2 BEDROOM LOFT $2,350,000 - $3,265,000 936 - 1,335 sqft $2,446 - $2,511 psf 2 BEDROOM PREMIUM $1,726,000 - $2,225,000 667 - 850 sqft $2,588 - $2,618 psf | ||
| 3 BR | 3BR+STUDY $4,363,000 - $4,415,000 1,389 sqft $3,141 - $3,179 psf | 3 Bedroom (Loft) $10,045,287 2,583 sqft $3,889 psf | 3 Bedroom $7,061,000 - $7,500,000 1,776 sqft $3,976 - $4,223 psf | 3 Bedrooms (Loft) $8,338,000 - $8,777,000 2,422 sqft $3,443 - $3,624 psf | 3 Bedrooms $3,416,000 - $3,500,200 1,410 - 1,432 sqft $2,423 - $2,446 psf | 3 Bedroom + Study $3,003,000 947 - 969 sqft $3,099 psf 3 Bedroom Premium $3,089,000 - $3,390,000 1,001 sqft $3,086 - $3,387 psf | 3 BEDROOM $2,691,000 - $2,713,000 926 sqft $2,906 - $2,930 psf | |||||
| 4 BR | 4 Bedroom $3,588,000 - $3,916,000 1,184 sqft $3,030 - $3,307 psf 4 Bedroom Premium $4,037,000 - $4,403,000 1,302 - 1,313 sqft $3,091 - $3,382 psf 4 Bedroom Premium + Study $4,283,000 - $4,653,000 1,378 sqft $3,108 - $3,377 psf | 4 BEDROOM $3,330,000 - $3,413,000 1,184 sqft $2,813 - $2,883 psf 4 BEDROOM + STUDY $3,703,000 - $4,082,000 1,507 sqft $2,457 - $2,709 psf 4 BEDROOM DUAL KEY $3,410,000 - $3,661,000 1,313 sqft $2,597 - $2,788 psf 4 BEDROOM PREMIUM $3,519,000 - $3,569,000 1,313 sqft $2,680 - $2,718 psf | ||||||||||
| 5 BR | $58,575,000 10,452 sqft $5,604 psf | 5 BEDROOM $3,965,000 - $4,609,000 1,776 sqft $2,233 - $2,595 psf |
