Commonwealth Tower Prices
The Commonwealth Towers prices are as follows. Comparable market prices and costs can be seen below.
|Description||No. Units||Area (sq m)||Area (sq ft)||Pricing Range|
|1 Bedroom||341||41 – 45 sm||441 – 484 sf||Around $750K up|
|2 Bedroom||271||64 – 74 sm||689 – 797 sf||Around $1.1xM up|
|3 Bedroom Compact||75||84 sm||904 sf||From $1.4xxM up|
|3 Bedroom (w Yard)||120||96 – 100 sm||1033 – 1076 sf||From $1.6xxM up|
|4 Bedroom||38||121 sm||1302 sf||From $2.1xxM up|
Commonwealth Tower Prices :: Comparables
Comparables are Echelon by CDL, and Alex Residences by Singland, that received strong interest from buyers. Both are next to Redhill MRT, one station away. Based on data from URA, Echelon had an average selling price of $1,8xx PSF (ranging from around $1,5xx PSF upwards for very big units, to around $2,3xx PSF for small units on the highest floors), while Alex Residences was launched at between $1,5xx to $1,8xx PSF.
The land cost for Commonwealth Towers itself was $562,818,171, which works out to S$883 psf per plot ratio Gross Floor Area. This translates to a breakeven of $1,350 to $1,400 PSF including all building and development costs. So Commonwealth Towers pricing on average is in the $1,5xx / $1,7xx PSF range, with some units as low as $1,4xx PSF, and top floor units as high as $1,9xx PSF.
Commonwealth Tower Prices :: Investment Potential
Commonwealth Towers is right opposite Queenstown MRT station, in the heart of Queenstown. This is an established residential estate with all necessary supporting amenities. What is exciting is the planned rejuvenation of Queenstown itself. Many surrounding sites are zoned for redevelopment.
What this means is that Commonwealth Towers, given it’s plum location next to the MRT station, is set to potentially reap good gains along with the growth and rejuvenation of the surrounding estate.
Click here to download some notes on the planned Queenstown redevelopment.
COMMONWEALTH TOWER PRICES · SHOWFLAT VIEWING
Would you like to be kept posted on the Commonwealth Tower condo pricing when released, or to register for a showflat viewing in advance of the launch?
Simply email us here, or call / WhatsApp / SMS (+65) 9633 8633.