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 |
| Total | 845 | |||
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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.
The land cost here is slightly higher than that for Penrose at Aljunied, similarly by CDL, and also on the city fringe. Hence the Penrose condo is likely to launch at around $100 PSF lower, which works out to an average of about $1,5xx PSF. However the Penrose condo is about 6 minutes walk to the Aljunied station, whereas Commonwealth Towers is next door to Queenstown station. Both stations are on the same East-West green line.
Fast forward to 2023 / 2024, and CDL will be launching an executive condo (EC), the Lumina Grand EC. What is interesting is that Lumina Grand price estimates puts the selling price at close to the lower end of the Commonwealth Tower pricing. That is, at almost $1,5xx PSF.
Quite apart from the fact that while Commonwealth Towers is a private condo, and Lumina Grand is an executive condo, even the locations are worlds apart. Lumina Grand EC sits in the HDB estate of Bukit Batok, outside the central region. So for the Lumina Grand price range to be so close to that of Commonwealth Towers, and even Penrose, says a lot about how prices have moved in the last 8 to 10 years alone. And Lumina Grand is not even within a comfortable walking distance of an MRT station.
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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.
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Please see the Commonwealth Tower location or floor plans for further information on this project.
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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?
Latest Update: Commonwealth Towers is fully sold out. Thank you for your interest.
