99-yearRCRDistrict 3 (Queenstown)

Commonwealth Towers

Reviewed by Nathan TangUpdated 24 September 2026Data through Aug 2026 (URA)
Quick Summary

Commonwealth Towers is a 99-year condominium in District 3 (Queenstown) that obtained TOP in 2017, with 845 units across 2 blocks. Across 1,175 transactions on record, units have recently transacted around S$1.64M (S$2,323 psf, ~689 sqft). There are 86 units for sale from S$938k to S$3.35M. The lease has approximately 86 years remaining.

Key facts about Commonwealth Towers
Tenure99-year leasehold from 2013 (≈86 years left)
TOP year2017
DeveloperWEALTHALL DEVELOPMENT PTE LTD
Units845 in 2 blocks
District and areaDistrict 3 · Queenstown · RCR
Nearest MRTQueenstown MRT, 132 m (~2 min walk)
Latest median psfS$2,323 psf, last 12 URA caveats to Aug 2026
1

What's for sale and for rent at Commonwealth Towers?

Key Takeaway

Commonwealth Towers has 86 units listed for sale, asking S$938k to S$3.35M (median S$2,263 psf), and 69 units for rent at a median of S$5,000 a month.

For sale

86 listings

S$938k – S$3.35M

For rent

69 listings

S$2,000 – S$7,000 a month

BedroomsFor saleAsking priceMedian PSF
1-bedroom65S$938k–S$1.35MS$2,212 psf
2-bedroom15S$1.60M–S$1.90MS$2,450 psf
3-bedroom2S$2.70M–S$2.70M
4-bedroom4S$3.35M–S$3.35M

Asking prices of units currently listed on property portals, not transacted prices.

2

What are the floor plans and unit sizes at Commonwealth Towers?

Key Takeaway

Floor plans for Commonwealth Towers aren't in PropKaki's library yet. Across 1,000 URA caveats, units range from 441 sqft to 1,302 sqft, and the middle half are 463 sqft to 904 sqft.

Unit typeSizes listed for saleAsking from
1-bedroom441 sqft to 484 sqftS$938k · S$2,212 psf
2-bedroom689 sqft to 753 sqftS$1.60M · S$2,450 psf
3-bedroom1,055 sqftS$2.70M
4-bedroom1,302 sqftS$3.35M

Check the Floor Plan Finder for Commonwealth Towers →

Unit sizes from URA caveats. Listed sizes from current property listings.

3

What is the price and PSF at Commonwealth Towers?

Key Takeaway

Units have recently transacted around S$1.64M (S$2,323 psf), at a gross rental yield of about 2.4% (URA caveat data).

Recent median price

S$1.64M

recent · 1,175 sales on record

Median PSF

S$2,323 psf

recent transactions

Median rent (monthly)

S$3,310

2,965 rentals on record

Gross rental yield

2.4%

indicative, gross

Units currently for sale are asking a median of S$2,263 psf — about 3% below the most recent transacted PSF.

Source: URA caveat data, through Aug 2026.

4

What has recently sold at Commonwealth Towers?

Key Takeaway

Commonwealth Towers has 1175 recorded sales; the most recent transacted at S$940,000 in Aug 2026 (URA caveat data).

DatePriceSize (sqft)PSF
Aug 2026S$940,000452S$2,079 psf
Aug 2026S$1,773,000753S$2,353 psf
Aug 2026S$1,643,888689S$2,386 psf
Jul 2026S$2,375,000904S$2,627 psf
Jul 2026S$1,750,000753S$2,323 psf
Jul 2026S$1,030,000441S$2,334 psf
Jul 2026S$950,000441S$2,153 psf
Jul 2026S$945,000441S$2,141 psf
Jul 2026S$1,798,000753S$2,386 psf
Jun 2026S$1,730,000753S$2,296 psf
Jun 2026S$965,000441S$2,187 psf
Jun 2026S$2,580,0001,055S$2,446 psf

1,175 sales and 2,965 rentals on record since May 2014. Source: URA.

5

Are prices at Commonwealth Towers rising?

Key Takeaway

The median transacted PSF at Commonwealth Towers has risen 34% over the past 9 years (20172026), from S$1,717 psf to S$2,296 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2026S$2,296 psfS$1.64M29+1.8%
2025S$2,255 psfS$1.55M50+3.4%
2024S$2,180 psfS$1.01M38+3.5%
2023S$2,107 psfS$1.39M51+7.4%
2022S$1,962 psfS$1.42M53+3.8%
2021S$1,890 psfS$1.26M68+2.4%
2020S$1,845 psfS$850k30+0.1%
2019S$1,844 psfS$1.30M11-3.0%
2018S$1,902 psfS$1.29M14+10.8%
2017S$1,717 psfS$1.38M385

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

6

Is Commonwealth Towers a good investment?

Key Takeaway

Of 340 units at Commonwealth Towers that were bought and later resold (bought from 2014, resold up to 2026), 98% sold for more than they were bought for, with a median gain of 18% over a median 6.3-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.4%. Units listed now ask about 3% less per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Sold for more than bought

98%

of 340 resales here

Median gain

18%

gross, before costs

Median hold

6.3 years

bought to resold

Every unit at Commonwealth Towers with a purchase and a later resale on record, matched from URA caveats. Check the odds for your unit size and holding period →

7

Where is Commonwealth Towers and what's nearby?

Key Takeaway

Commonwealth Towers is located in Queenstown, in the Central Region of Singapore.

Commonwealth Towers is a 99-year condominium completed in 2017. It was developed by WEALTHALL DEVELOPMENT PTE LTD. The development has 845 residential units. It sits on a land area of 11,788 sqm and has a gross floor area of 57,761 sqm. The plot ratio is 4.9.

COMMONWEALTH TOWERS is located at 232 Commonwealth Avenue, Singapore 149739. It is part of District 03, Queenstown / Tiong Bahru, Queenstown. The project falls within the Central Region and the RCR market segment.

The nearest rail connection is Queenstown MRT, approximately 132m away, around 2 minutes on foot. Nearby amenities include Anchorpoint for shopping, SHENG SIONG SUPERMARKET PTE LTD for groceries, and Margaret Drive Hawker Centre for food options. Facilities in the development include Barbeque Area, Fitness corner, Function room, Gymnasium room, Jacuzzi, and Lounge.

8

How far is Commonwealth Towers from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Commonwealth Towers is Queenstown MRT, about 132 m away (~2 min walk). 4 schools are within 1 km, including 2 primary schools.

Getting around

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • Queenstown Primary SchoolPrimary schoolwithin 1 km · P1 priority170 m
  • Queensway Secondary SchoolSecondary schoolwithin 1 km656 m
  • New Town Primary SchoolPrimary schoolwithin 1 km · P1 priority789 m
  • Queenstown Secondary SchoolSecondary schoolwithin 1 km833 m
  • Crescent Girls' SchoolSecondary school1.3 km
  • Bukit Merah Secondary SchoolSecondary school1.4 km
  • Gan Eng Seng Primary SchoolPrimary school1.5 km

Shops, food & parks

Mall: Anchorpoint · 800 mSupermarket: Sheng Siong Supermarket Pte Ltd · 417 mHawker centre: Margaret Drive Hawker Centre · 245 m

Straight-line distances from the development. Source: PropKaki amenities data.

9

Who built Commonwealth Towers and how big is the development?

Key Takeaway

Commonwealth Towers was developed by WEALTHALL DEVELOPMENT PTE LTD, designed by SAA ARCHITECTS PTE LTD, with 845 units over up to 43 storeys.

Developer
WEALTHALL DEVELOPMENT PTE LTD
Architect
SAA ARCHITECTS PTE LTD
Main contractor
KIMLY CONSTRUCTION PTE LTD
Floors
43 storeys
Blocks
2
Land area
11,788 sqm (126,885 sqft)
Gross floor area
57,761 sqm (621,734 sqft)
Plot ratio
4.90
10

What facilities does Commonwealth Towers have?

Key Takeaway

Commonwealth Towers has 11 facilities, including Barbeque Area, Fitness corner, Function room, Gymnasium room, and more.

Barbeque AreaFitness cornerFunction roomGymnasium roomJacuzziLoungePool DeckPlaygroundSwimming poolTennis courtsWading pool
11

What does it cost to own a unit at Commonwealth Towers?

Key Takeaway

Buying a unit at Commonwealth Towers (~S$1.64M) needs about S$12,034/mo in income and S$5,536/mo in repayments, after S$51,794 stamp duty and a S$411k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.64M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$51,794

BSD, tiered

Downpayment (25%)

S$411k

cash + CPF

Monthly instalment

S$5,536/mo

30y @ 3.5%

Income required

S$12,034/mo

TDSR @ stress rate

Read how to tell if a condo is profitable →

12

How many property agents are active around Commonwealth Towers?

Key Takeaway

7,621 CEA-registered agents closed at least one recorded deal in District 3 — where Commonwealth Towers sits — in the last 12 months, across all property types.

Active agents · 12mo

7,621

District 3 · closed ≥1 deal

Deals on record

38,518

all-time · all property types

Source: CEA public transaction records, attributed to District 3 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

Keep going in the PropKaki app

Thinking about Commonwealth Towers? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Commonwealth Towers's own transactions.

PropKaki
Is Commonwealth Towers a good buy, and what are units selling for?

Recent units at Commonwealth Towers sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
13

Frequently asked questions about Commonwealth Towers

Is Commonwealth Towers freehold?

No. Commonwealth Towers is on a 99-year lease that started in 2013, with about 86 years left.

How old is Commonwealth Towers?

Commonwealth Towers was completed (obtained TOP) in 2017, so it is about 9 years old.

Is Commonwealth Towers a good investment?

Of 340 units at Commonwealth Towers that were bought and later resold (bought from 2014, resold up to 2026), 98% sold for more than they were bought for, with a median gain of 18% over a median 6.3-year hold (URA caveats, before stamp duty, agent fees and interest). Its gross rental yield is about 2.4%. Units listed now ask about 3% less per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Is Commonwealth Towers an EC?

No. Commonwealth Towers is a private condominium, not an executive condominium (EC).

Who is the developer of Commonwealth Towers?

Commonwealth Towers was developed by WEALTHALL DEVELOPMENT PTE LTD.

What is the price of a condo at Commonwealth Towers?

Units at Commonwealth Towers have recently sold for around S$1.64M (S$2,323 psf), the median of the last 12 URA caveats to Aug 2026. The price depends on size, floor and facing. 86 units are listed for sale from S$938k to S$3.35M.

Where is Commonwealth Towers located?

Commonwealth Towers is at 232 Commonwealth Avenue, Singapore 149739, in Queenstown (District 3). The nearest MRT station is Queenstown MRT, about 132 m away.

How many units are there in Commonwealth Towers?

Commonwealth Towers has 845 units in 2 blocks, up to 43 storeys high.

How much do I need to earn to buy at Commonwealth Towers?

For a unit around S$1.64M as a first home, you'd need roughly S$12,034/mo in income (assessed at the stress-test rate), with repayments near S$5,536/mo after a S$411k (25%) downpayment and S$51,794 Buyer's Stamp Duty.

Are prices at Commonwealth Towers going up?

The median price per square foot at Commonwealth Towers has risen about 34% between 2017 and 2026, based on URA caveats. The year-by-year figures are in the price-trend table above.

Which primary schools are within 1 km of Commonwealth Towers?

Queenstown Primary School, New Town Primary School are within 1 km of Commonwealth Towers. Homes within 1 km of a primary school get priority in Primary 1 (P1) registration.