Queens Peak will be the blockbuster launch of the year in the city fringe precinct, Queenstown. The development will feature 2 stunning towers of 44 storeys tall on a land size of 10,516.10 square meters comprising of 736 residential units, 1 childcare and 1 shop unit. Sitting right beside Queenstown MRT and surrounded by a myriad of amenities, it will be the perfect home for dwellers in search for utmost convenience.
The land site of Queens Peak Queenstown was won by HY Realty, which shares the same shareholders as Chinese developer Hao Yuan Investment. They emerged victorious among other 8 eight hopeful bidders such as Allgreen Properties and City Developments(CDL) with the top bid of S$483.18 million. Working out to be S$871.14 per square foot per plot ratio (psf ppr) for the 99-year lease site, it is estimated that Queens Peak price may be between $1550 to $1600 psf factoring in all other cost.
As there are only a handful of condominiums in the Queenstown estate such as Queens Condo, Alexis, The Anchorage and upcoming Commonwealth Towers, it is expected that Queens peak will still be in demand despite the current market condition. Moreover, it is also located at the city fringe with a high density of amenities considering the estate is one of the most mature in Singapore.
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