CommercialRESIDENTIALLeaseholdDistrict 3 · Queenstown

Queens Peak

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2020

Quick Summary

Queens Peak is a commercial building in District 3 · Queenstown, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 4.9. It is leasehold with roughly 88 years remaining. 1 transaction is on record since 1995, most recently in Dec 2020. ACRA records 9 live company registrations at this address.

The facts are here — now get the verdict on Queens Peak.

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What are the key facts about Queens Peak?

Key takeawayQueens Peak is a commercial building in District 3 · Queenstown, zoned RESIDENTIAL, held leasehold.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 4.9
Tenure: Leasehold
District / Area: District 3 · Queenstown
Address: 1 Dundee Road
Land area: 10,516 sqm
Completed: Not on record
Storeys: 44 (© OpenStreetMap contributors)
Strata lots (whole development, MCST): 736
Managing agent: SAVILLS PROPERTY MANAGEMENT PTE LTD
Strata formed: 2021 (MCST 4740)
Submarket: City Fringe
Units with a recorded sale: At least 1
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 9

Are there floor plans for Queens Peak?

Key takeawayWe hold the developer's sales-brochure floor plans for Queens Peak, linked to 1 of the 1 units with a recorded sale. Ask PropKaki for the plan of a unit or a size. As designed at launch; units may have been altered.

Shop units with a plan: 1 · 570 sq ft (recorded sales)

Source: developer's sales brochure.

About Queens Peak

Queens Peak is a mixed-use building in Queenstown (District 03). It is located along Dundee Road, Singapore 149456.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 4.9.

The site is leasehold, with about 88 years remaining on the lease. It occupies roughly 10,516 sqm of land with about 56,682 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$2,103 psf. The most recent was in December 2020.

9 businesses are currently registered at this address with ACRA.

The nearest MRT is Queenstown MRT, 86 m away (about a 1-minute walk). The closest bus stop (Queenstown Stn Exit B/C) is 103 m away (about a 2-minute walk).

What is Queens Peak zoned as?

Key takeawayQueens Peak sits on land zoned RESIDENTIAL with a gross plot ratio of 4.9.

Land-use zone: RESIDENTIAL
Gross plot ratio: 4.9

Run the full zoning report for this building →

What has Queens Peak sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2020 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Dec 2020	Retail	S$1.20M	570 sqft	$2,103

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

What does space at Queens Peak rent for?

Key takeawayNo street- or building-level rent is published here. Across District 3 retail, retail space rented at a median of $10.49 psf a month in 2026Q3, with the middle half of leases between $7.49 and $14.10. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 3 retail

Region band · 2026Q3

25th pct

$7.49

$80.65 psm

Median

$10.49

$112.95 psm

75th pct

$14.10

$151.72 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 3 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

Market context around Queens Peak

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

What's been approved at Queens Peak?

Key takeawayURA has approved 1 change of use at Queens Peak since 2000, most recently in 2024. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

19 Aug 2024ApprovedFloor 1
Change of use to restaurant
Proposed change of use of shop unit #01-XX to restaurant at queens peak
23 Dec 2020Approved
Additions & alterations
2nd extension of written permission for approved addition of pedestrian linkbridge between existing queens peak condominium and existing footbridge to queenstown mrt station
24 Sept 2018Approved
Additions & alterations
Proposed addition of pedestrian linkbridge between existing queens peak condominium and existing footbridge to queenstown mrt station on mk 3 lot 5210t & 5213n at dundee road (queenstown planning area)
13 Oct 2016Approved
Additions & alterations
Proposed addition of pedestrian linkbridge between existing queens peak condominium and existing footbridge to queenstown mrt station on mk 3 lot 5210t & 5213n at dundee road

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

What do commercial rents run near Queens Peak?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 3 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$112.95 psm/mo

2026Q3

Price side (strata, 5y)

$3,294 psf

38 sales

An INDICATIVE AREA yield for District 3 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 3 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$78.10	$94.74	$116.67
Level 1 · 30 & Below	$73.20	$92.12	$107.33
Level 1 · >30 - 100	$83.20	$164.15	$200.48
Level 2 & 3 · >30 - 100	$58.43	$67.44	$75.00
Level 1 · >100 - 300	$226.54	$240.67	$264.22
Level 2 & 3 · >100 - 300	$83.56	$131.15	$186.77

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

What is near Queens Peak?

Key takeawayThe nearest MRT/LRT is Queenstown MRT, about 87 m away — and 3 competing retail premisess operate nearby.

Getting around

Queenstown MRT87 m · ~1 min

Amenities nearby

Place Of Worship · 43 mQueenstown MRT Exit B · 74 mQueenstown Stn Exit B/C · 103 mEducational Institution · 106 mMy Family Clinic (Tanglin Halt) · 203 mQueenstown Community Centre · 757 mHotel · 765 mQueenstown Polyclinic · 768 mAlexandra Hospital · 1.3 kmBusiness Park · 1.3 km

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Sheng Siong Supermarket Pte Ltd · 332 mMargaret Drive Hawker Centre · 386 mAnchorpoint · 711 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Queens Peak

Key takeawayThe nearest station is Queenstown (EW19), 74 m away — a moderately busy station, with about 36,000 taps in and out on an average weekday. 23 public car parks are within 500 m.

Foot traffic: busier than 41% of retail buildings

nearest MRT/LRT Queenstown (EW19) 74 m, about 36,000 taps a weekday; bus stops within 400 m: 9, about 13,000 taps a weekday; Queenstown: 131,782 resident workers (Census 2020, by workplace); about 47,000 residents within 1 km (June 2026); 1 other mall within 1 km. Ranked against 12,856 retail buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around, and competing malls), not a count of people.

Stations within 1 km

Queenstown (EW19)74 m · about 36,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Queens Peak. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 13,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 83 Strathmore Avenue (HDB)138 m
no short-term parking · gantry 4.5 m
Blk 53A Strathmore Avenue (HDB)179 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 864 car lots
Blk 82 Strathmore Avenue (HDB)184 m
no short-term parking · gantry 4.5 m
Blk 40 & 41 Margaret Drive (HDB)192 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 613 car lots
Blk 50/51 Strathmore Avenue (HDB)243 m
no short-term parking

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Queensway Off St (Ride Out Tea Garden), 1.2 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Queens Peak's own car park, if it has one, and its charges are not in the open data.

Who's registered at Queens Peak?

Key takeaway9 live companies (and LLPs and branches; sole proprietors are not counted) list Queens Peak as their registered address. These are registered businesses, not who occupies the space.

Information and communications
2
Financial and insurance
2
Professional, scientific and technical services
2
Accommodation and food services
1
Real estate
1
Industry not stated
1
Education
0
Wholesale and retail trade
0
Administrative and support services
0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

Frequently asked questions about Queens Peak

Where is Queens Peak?⌄

Queens Peak is at 1 Dundee Road, Singapore 149456, in the Queenstown planning area.

What is Queens Peak zoned as?⌄

Queens Peak sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 4.9.

What is the tenure of Queens Peak?⌄

Queens Peak is leasehold. About 88 years remain on the lease.

What have units at Queens Peak sold for?⌄

Across 1 recorded transaction, the median price is S$2,103 psf. The latest was in December 2020.

What is the nearest MRT station to Queens Peak?⌄

Queenstown MRT is the closest, 86 m away (about a 1-minute walk).

How many businesses are registered at Queens Peak?⌄

9 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

For agents · in the PropKaki app

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Tell me about Queens Peak — recent transactions, zoning and what's listed there.

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This development is also registered as the residential project Queens Peak.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, URA planning decisions, HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors), the developer's sales brochure (floor plans) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.