Prices · Queenstown · Commonwealth Drive · D05 Pasir Panjang
Block 53 Commonwealth Drive
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What this block is
| Address | Block 53 Commonwealth Drive, Queenstown, Singapore 128053 |
| Flat types here | 3-room, 4-room, 5-room — on the evidence of 86 sales since June 2017, so a type that has never been resold here will not appear |
| Unit sizes | 3-room about 678 sq ft, 4-room about 1,001 sq ft, 5-room about 1,259 sq ft (678 to 1,259 sq ft across the block) |
| Lease | 99 years from 2015, expiring 2114 — 88 years left |
| Floors that have sold | 1 to 42, so the block stands at least 42 storeys |
| Flat models | Model A, Improved |
| Town and district | Queenstown, district 5 (Pasir Panjang, Hong Leong Garden, Clementi New Town) |
| Compare it with | the rest of Commonwealth Drive, 4-room flats across Queenstown |
Two things this page deliberately does not have. There is no floor plan: the resale register carries none, and drawing one from the median floor area would be an invention. And there is no nearest station, for the same reason — no rail data is published here, so the distance would be guessed. What is near this block, measured rather than assumed, is the food: hawker centres within a walk.
What a flat here really costs each month
Bought at the median price, a flat in this block works out at $1,659 for every month of the 88 years its lease still has to run. That figure takes in the price itself, both stamp duties, legal and valuation fees, the whole of the mortgage interest and the running costs for as long as the lease lasts.
It is a different question from the monthly instalment, which stops after 25 years while the lease carries on being used up.
| Cash needed up front | $283,300 |
| Mortgage interest over 25 years | $323,315 |
| Running costs over the remaining lease | $380,160 |
| Total over the lease | $1,751,775 |
| Monthly while repaying | $3,988 |
| Monthly once repaid | $360 |
Assumes a Singapore citizen buying a first home with a 75 per cent loan at 3 per cent over 25 years, $2,500 in legal fees, $400 for valuation, $1,200 a year in property tax and $260 a month for conservancy, upkeep and insurance. Change any of these. Figures are not discounted: a dollar paid in the final year of the lease is counted the same as a dollar paid today. Opportunity cost, CPF accrued interest and any resale value are excluded.
The median above is based on 10 sales.
By flat type
| Type | Median | Range | Size | psf | Sales |
|---|---|---|---|---|---|
| 3-room | $604,000 | $465,000–$790,000 | 678 sq ft | 891 | 36 |
| 4-room | $854,000 | $725,000–$1,280,000 | 1,001 sq ft | 868 | 44 |
| 5-room | $1,084,000 | $1,023,000–$1,170,000 | 1,259 sq ft | 865 | 6 |
By floor
Measured inside a block, where the address, the age and the lease are all held still, a storey is worth about 0.63 per cent of the price per square foot — so the difference between the second floor and the twentieth is roughly 11 per cent, not the 2.1 times the market-wide storey bands appear to show. Why those bands mislead.
| 01 to 03 | $847,500 | 821 psf | 6 |
| 04 to 06 | $575,000 | 848 psf | 7 |
| 07 to 09 | $780,000 | 779 psf | 5 |
| 10 to 12 | $777,500 | 823 psf | 8 |
| 13 to 15 | $704,000 | 953 psf | 6 |
| 16 to 18 | $796,500 | 955 psf | 6 |
| 19 to 21 | $580,000 | 855 psf | 5 |
| 22 to 24 | $800,000 | 845 psf | 9 |
| 25 to 27 | $807,500 | 897 psf | 6 |
| 28 to 30 | $844,000 | 944 psf | 14 |
| 31 to 33 | $740,000 | 882 psf | 9 |
| 34 to 36 | $875,000 | 874 psf | 1 |
| 37 to 39 | $880,000 | 879 psf | 2 |
| 40 to 42 | $1,072,500 | 1038 psf | 2 |
Year by year
| 2017 | $672,500 | 800 psf | two sales |
| 2018 | $745,000 | 824 psf | 11 sales |
| 2019 | $748,000 | 833 psf | 16 sales |
| 2020 | $694,000 | 879 psf | six sales |
| 2021 | $818,000 | 870 psf | 11 sales |
| 2022 | $830,000 | 929 psf | seven sales |
| 2023 | $780,000 | 882 psf | eight sales |
| 2024 | $730,000 | 992 psf | 12 sales |
| 2025 | $785,000 | 1121 psf | three sales |
| 2026 | $1,020,000 | 1100 psf | 10 sales |
86 transactions in all, from June 2017 to Oct 2026. The flat models recorded here are Model A, Improved.