Queens, situated along Stirling Road in District 3, is a 99-year leasehold property developed by Allgreen Properties Limited. It comprises 722 residential units across three towers, soaring 38 storeys high, making Queens one of the highest condominiums in Singapore. Besides being close to Central Singapore, there are a lot more things that this development has to offer.
4 Reasons Why Queens Is an Ideal Home:
1. Specifications and Perks for Own Stay
| Project Name | Tenure | TOP | Unit Type (up to) | Size in sqft | Average Price PSF (up to) |
|---|---|---|---|---|---|
| Queens | 99-year leasehold | 2002 | 2-bedroom 3-bedroom 4-bedroom |
915 1,195 2,390 |
$1,265 |
Queens is decked with a variety of facilities that take urban living to the next level. Fitness junkies, you’ll be glad to know that there’s a swimming pool, fitness corner, gymnasium featuring state-of-the-art equipment, basketball court, tennis courts, and badminton hall. Other facilities at Queens include barbeque pits and a putting green for golf enthusiasts.
2. Accessibility and Amenities
The nearest train station is Queenstown MRT Station on the East West Line (EWL), just a four-minute walk away. Accessible via Jalan Bukit Merah and Alexandra Road, it would take you about 14 minutes to drive to the Central Business District (CBD) and Orchard Road.
You have a choice of malls to head to for your grocery shopping and basic necessities: Queenstown Shopping Centre, IKEA, Dawson Place, AnchorPoint Mall, Valley Point, and Great World City. The condominium is also car-friendly, with two petrol stations located close by.
3. Education and Healthcare
The development makes a great place to live for local and international families with children as there are plenty of schools within the surrounding area. There are three childcare centres, three kindergartens, and a primary school (Queenstown Primary School) within a 500m radius. Other nearby schools include Crescent Girls’ School, Queenstown Secondary School, Queensway Secondary School, ISS International School, and Global Indian International School.
Leave your health care worries at the door. Queens’ nearest hospitals are the Alexandra Hospital and National University Hospital (NUH), a mere 6-minute drive from the property.
4. Property Price and Future Developments
The price of a three-bedroom apartment (1,195 sqft) on Queens’ low-level floor, in the past two years:
- January to December 2018 – up to $1,408,800
- January to December 2019 – up to $1,530,000
Since 2018, property rental prices at Queens have been increasing. We can foresee the price rising over the years, thanks to upcoming developments like new amenities, community spaces, improved connectivity, industrial hubs, and recreational facilities.
Is Queens the home you’ve been dreaming of? Talk to our real estate consultants and get VIP agent service.
Best Mortgage Rate Across All Banks for Queens
Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.78%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.
Buyer’s Stamp Duty for Queens
Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore. If you opt to buy a three-bedroom unit at Queens the price is at $1,530,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $45,800.
| Market Value of the Property | BSD Rate | Calculation |
|---|---|---|
| On the first $180k | 1% | $1,800 |
| On the second $180k | 2% | $3,600 |
| Next $640,000 | 3% | $19,200 |
| Remaining $530,000 | 4% | $21,200 |
| BSD Payable | $45,800 | |
Source: IRAS
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Additional Buyer’s Stamp Duty for Queens
Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).
Who is liable to pay ABSD:
- Singapore Citizen (SC) buying second, third and subsequent residential property
- Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
- Foreigners or entities buying any residential property
ABSD for Singapore Citizens when Buying Queens
Here’s the ABSD amount you are required to pay if you are an SC:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,530,000 |
|---|---|---|
| If Queens is your second residential property | 12% | $183,600 |
| If Queens is your third or subsequent residential property | 15% | $229,500 |
ABSD for Singapore Permanent Resident when Buying Queens
Here’s the ABSD amount you are required to pay if you are an SPR:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,530,000 |
|---|---|---|
| If Queens is your first property | 5% | $76,500 |
| If Queens is your second or subsequent residential property | 15% | $229,500 |
ABSD for Foreigners when Buying Queens
Here’s the ABSD amount you are required to pay if you are a foreigner:
| Property Ownership | ABSD Rate | ABSD Amount from Price $1,530,000 |
|---|---|---|
| Foreigners buying any property | 20% | $306,000 |
VIP Service for Buyers at $0 Agent Fees
Our real estate consultants will provide you insights about this new project and assist you with everything you need to know from BSD, ABSD, exercising the OTP to sealing the deal.
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