Commonwealth Towers
Commonwealth Avenue · D03 · Rest of central region · Condominium
The median sale at Commonwealth Towers was $1,420,000 — $2,131 psf — across 236 transactions between Oct 2021 and Sept 2026. 99-year lease from 2013.
What it costs per month of lease
A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.
This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.
Year by year
The median moved up 19 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.
- 202111 sales$1924
- 202253 sales$1962
- 202351 sales$2107
- 202438 sales$2183
- 202550 sales$2256
- 202633 sales$2296
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $1,280,000 | $1,924 psf | 11 |
| 2022 | $1,420,000 | $1,962 psf | 53 |
| 2023 | $1,390,000 | $2,107 psf | 51 |
| 2024 | $1,016,500 | $2,183 psf | 38 |
| 2025 | $1,563,500 | $2,256 psf | 50 |
| 2026 | $1,640,000 | $2,296 psf | 33 |
What it rents for
URA’s median of rental contracts lodged at Commonwealth Towers in 2026Q3, per square foot per month.
Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.
Other developments in D03
- Stirling Residences · $2,315 psf
- Promenade Peak · $2,948 psf
- Zyon Grand · $3,052 psf
- Avenue South Residence · $2,306 psf
- Queens Peak · $2,179 psf
- Echelon · $2,143 psf
- The Crest · $1,962 psf
- Principal Garden · $2,046 psf
Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.