Overview & Key Facts
COMMONWEALTH TOWERS is a 99 yrs lease commencing from 2013 condominium at COMMONWEALTH AVENUE in District 3 (RCR), developed by WEALTHALL DEVELOPMENT PTE. LTD, comprising 845 units, completed in 2019.
Location & Connectivity
COMMONWEALTH TOWERS is approximately 130m from Queenstown MRT station, with 3 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Queenstown | East-West Line | 130m |
| Commonwealth | East-West Line | 1.1 km |
| Redhill | East-West Line | 1.4 km |
Schools & Education
16 schools within 2 km (6 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Tanglin Trust School | International | 530m |
| Crescent Girls' School | Secondary | 690m |
| Queenstown Primary School | Primary | 780m |
| Queensway Secondary School | Secondary | 800m |
| Global Indian International School (GIIS Queenstown) | International | 800m |
| Alexandra Primary School | Primary | 850m |
| River Valley High School | Secondary | 1.1 km |
| River Valley High School (JC) | Jc | 1.1 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 124 | $2,052 psf | $944,477 |
| 1 BR | 38 | $2,133 psf | $1,476,568 |
| 2 BR | 63 | $2,090 psf | $1,701,975 |
| 3 BR | 44 | $2,102 psf | $2,315,199 |
Market Position
COMMONWEALTH TOWERS has recorded 269 sales at an average price of $1,421,256.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at COMMONWEALTH TOWERS typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $3,306/mo | $1,476,568 | 2.69% |
| 2 BR | $4,390/mo | $1,701,975 | 3.10% |
| 3 BR | $5,925/mo | $2,315,199 | 3.07% |
Loading chart data...
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 59 | $1,899 psf | — |
| 2022 | 53 | $1,971 psf | ↑ 3.7% |
| 2023 | 51 | $2,091 psf | ↑ 6.1% |
| 2024 | 38 | $2,200 psf | ↑ 5.2% |
| 2025 | 50 | $2,234 psf | ↑ 1.6% |
| 2026 | 18 | $2,290 psf | ↑ 2.5% |
Loading chart data...
COMMONWEALTH TOWERS prices sit at a fresh series high after a 2.5% gain on the prior period, now 20.6% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 3 reads 117.1 as of June 2026 — up 10.4% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
Loading chart data...
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| ZYON GRAND | 99 yrs lease commencing from 2024 | $3,056 psf | 635 |
| AVENUE SOUTH RESIDENCE | 99 yrs lease commencing from 2018 | $2,260 psf | 589 |
| STIRLING RESIDENCES | 99 yrs lease commencing from 2017 | $2,285 psf | 482 |
| PENRITH | 99 yrs lease commencing from 2024 | $2,796 psf | 452 |
| ONE PEARL BANK | 99 yrs lease commencing from 2019 | $2,569 psf | 431 |
Lease Analysis
With 86 years remaining on its 99-year lease, COMMONWEALTH TOWERS still qualifies for full bank financing and CPF usage.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: families with young children, mrt-walkable commuters, sports / active lifestyle and yield-focused investors. Editorial fit: 'Families with children at Queenstown Primary or Crescent Girls''. Family-suitable layout and RCR (Rest of Central Region) location with established school catchments nearby.
Verdict
COMMONWEALTH TOWERS is a 99 yrs lease commencing from 2013 development in District 3 (RCR), with 845 units, offering a gross yield of 3.4%.
At ~$2,249 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full COMMONWEALTH TOWERS dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing COMMONWEALTH TOWERS against staying public? These HDB towns sit within walking or short-drive distance:
- Queenstown — 4-room average $1,002,705 (90m away), an upgrader gap of about $400,000
- Bukit Merah — 4-room average $894,787 (800m away), an upgrader gap of about $550,000
FAQ
What is the average PSF for COMMONWEALTH TOWERS?
Is COMMONWEALTH TOWERS freehold?
What is the rental yield for COMMONWEALTH TOWERS?
Which MRT is nearest to COMMONWEALTH TOWERS?
Sources & Next Steps
- COMMONWEALTH TOWERS Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 3 (Tiong Bahru, Queenstown) — District 3 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 269 transactions
- Rental data: 1690 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Jun 2026 · 269 records analysed · Source: URA private-sale caveats