While Queenstown is often associated with high property prices due to its city-fringe location, the truth is that there are still pockets of value and underrated units that offer excellent potential — whether you’re a first-time homebuyer, young couple, or savvy investor.
Let’s explore what makes Queenstown unique and where you can still find hidden housing gems without breaking the bank.
Why Queenstown?
Strategically located just 10 minutes from the CBD, Queenstown offers exceptional connectivity via:
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Queenstown, Commonwealth, and Redhill MRT stations (East-West Line)
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Major roads like AYE and Alexandra Road
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Bus routes linking to Orchard, Marina Bay, and One-North
Beyond transport, Queenstown is packed with mature amenities, including:
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Reputable schools (e.g., Fairfield Methodist, Queensway Secondary)
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Alexandra Hospital and National University Hospital
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IKEA, Anchorpoint, Dawson Place, and Queensway Shopping Centre
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Nearby green spaces like the Rail Corridor, Kent Ridge Park, and HortPark
With its blend of heritage, greenery, and accessibility, Queenstown is increasingly appealing to young professionals, families, and retirees alike.
So Is It Still Affordable?
You might be surprised — despite its reputation, Queenstown still offers affordable housing options if you know where to look. Here’s a breakdown by category:
1. Older HDB Flats in Dawson and Strathmore
The Dawson area — once known for aging flats — has undergone significant redevelopment, yet a number of older resale units still remain in blocks along Strathmore Avenue, Tanglin Halt, and Mei Chin Road.
These flats often feature:
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Spacious layouts (larger than newer BTOs)
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Proximity to Queenstown MRT (within 5–10 minutes' walk)
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Prices ranging from $480,000 to $620,000 for 3- and 4-room flats
While they may lack modern façades, these flats often enjoy excellent views, mature greenery, and a rich local community — perfect for buyers who appreciate substance over style.
Hidden Gem Tip: Blocks along Commonwealth Drive and Tanglin Halt are well-connected, near local markets and clinics, and may still be undervalued due to older lease tenures. Great if you’re planning to stay long-term and not flipping.
2. Low-Entry Private Apartments in Alexandra and Lengkok Bahru
Not ready for a million-dollar condo? Look into older walk-up apartments and boutique condos tucked away in Lengkok Bahru, Jalan Bukit Merah, and Alexandra Road.
Here, you may find:
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Freehold or 999-year leasehold units under $1.2 million
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Low-density developments with a private, peaceful feel
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Units with larger floor plans and renovation potential
These older properties often trade below market expectations because they’re overshadowed by newer launches like Stirling Residences and Queens Peak.
Hidden Gem Tip: Units at Alexandra Ville or Lengkok Bahru Court occasionally come up for sale — a rare chance to own a city-fringe home for under the typical new launch PSF.
3. New BTO Flats and SBF Releases in Dawson
The URA and HDB have been transforming Dawson into a model public housing estate, with flats that look and feel almost like condos.
Recent BTO projects such as SkyResidence @ Dawson and SkyParc @ Dawson feature:
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Sky gardens, multi-storey parking, and integrated amenities
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Green building standards and family-friendly design
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Close walking access to Queenstown MRT
If you missed the initial BTO rounds, consider watching for Sale of Balance Flats (SBF) or relisting opportunities. Prices here are higher than standard HDB, but still offer long-term value compared to nearby condos.
Hidden Gem Tip: SBF units in Dawson rarely stay unsold — keep an eye on the HDB portal for re-offers. A well-placed unit can outperform in value due to location and design.
What to Consider When Buying in Queenstown
While Queenstown offers great value, there are still a few things to watch out for:
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Lease Decay: Some HDB units are over 40 years old. Make sure you’re comfortable with a shorter lease — especially if financing with CPF.
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Renovation Costs: Older flats may need rewiring, flooring, or plumbing upgrades. Always factor in $30,000–$60,000 in reno budgeting.
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Resale Restrictions: If you’re looking at executive condos or DBSS in the area, check for eligibility and MOP (Minimum Occupation Period) terms.
Pro Tip: If you're open to older units with character, you’ll find that Queenstown offers more space per dollar, and often in better locations than newer developments.
Final Thoughts
Queenstown may have a reputation for being pricey — and yes, some newer launches in the area easily cross $2,200+ psf. But beneath the surface, there are still undervalued pockets of affordable housing that combine excellent location, amenities, and long-term growth potential.
Whether you're seeking an older flat with charm, a private resale unit with space, or a Dawson-area BTO with a great future, Queenstown delivers real value in a central setting — if you know where to look.
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