Queenstown HDB Resales Hit A Median S$10,882 Psm In 2Q2026 — While The Island Median Fell 0.4%

One town moving up while the national number barely moves is the kind of split worth sitting with. For the past two years, Queenstown's resale figures have run on their own track, and the latest quarter widens the gap rather than closing it.

According to HDB resale records published on data.gov.sg, Queenstown recorded 189 resale transactions in 2Q2026 at a median of S$10,882 psm and a median price of S$855,000. That is +11.8% on psm and +9.1% on price against 2Q2025, when 158 flats changed hands. Over the same year, the island-wide HDB resale median psm moved -0.4%. We have also pulled the town's last eight quarters, the flat-type breakdown against a year earlier, and the quarter's highest recorded prices, and here's what stood out to us.

Queenstown's median psm has risen in every one of the last eight quarters

Start with the quarterly table. From Q3 2024 to Q2 2026, the town's median psm does not dip once: S$7,616, S$8,403, S$9,184, S$9,730, S$10,026, S$10,099, S$10,441, then S$10,882 psm. Median price is less tidy, reading S$645,000, S$755,000, S$780,000, S$784,000, S$855,000, S$890,000, S$820,000 and S$855,000. That divergence is a reminder of what each column measures. Median price depends on which flat types and sizes happened to transact in a given quarter, while median psm normalises for floor area. When the two move differently, mix is usually doing the work, and the table alone cannot tell you how much of it.

The million-dollar column moves in the same broad direction. Sixty-two of the quarter's resales were recorded at S$1 million or more, against 47 in 2Q2025 and 32 in Q3 2024. Sales counts, meanwhile, dropped to 130 in Q4 2025 before climbing back to 175 and 189 in the two quarters since. Worth noting that these are counts of recorded transactions, not listings or asking prices, and every median here is indicative of what was transacted rather than any formal assessment of value.

The climb since Q3 2024 adds up to +42.9% on a per-square-metre basis

Plotted as a line, the eight quarters make the shape clearer than the table does. The steepest stretch sits early, between Q3 2024 and 2Q2025, after which the line flattens noticeably: S$10,026 psm, then S$10,099 psm across Q3 and Q4 2025. The two most recent quarters pick the slope back up. Measured end to end, from S$7,616 psm on 203 sales at the start of the window, the town's median psm has moved +42.9%.

The n-counts under each point are the useful caveat. Quarterly volumes in Queenstown range from 130 to 203 across the window, so individual quarters can shift on a handful of unusual transactions, particularly in the smaller flat-type buckets. The flattening through the second half of 2025 coincides with the two lowest counts in the series, which is the sort of thing the chart shows but cannot explain on its own. What it does establish is direction: eight consecutive quarters without a fall in the median psm.

Not every flat type in Queenstown moved at the same pace

Split by flat type, the year-on-year picture is uneven. Three-room flats posted a median of S$480,000 in 2Q2026 across 89 sales, up 7.9% from S$445,000 a year earlier. Four-room flats came in at a median of S$1,023,000 on 73 sales, a change of +2.8% from S$995,000. Five-room flats recorded a median of S$1,258,000 on 23 sales, up 5.7% from S$1,190,000. So the largest percentage move belongs to the smallest and cheapest segment, while the four-room median, already above the million mark, moved least in percentage terms.

The psm column reorders things again. Four-room flats show the highest median at S$11,566 psm, ahead of 5-room at S$10,403 psm and 3-room at S$7,692 psm. Larger flats commanding a lower rate per square metre is a familiar pattern, and it points to why the town's headline median price can wobble while median psm keeps climbing. The 23 five-room sales are a thin base, and a quarter with that few transactions can carry more noise than the 89 three-room sales sitting beside it.

Every one of the quarter's five highest prices was a 5-room flat

The top of the table is concentrated in both flat type and address. The quarter's highest recorded price in Queenstown was S$1,650,000 for a 5-room flat at Blk 93 Dawson Rd, 122 sqm, in the 04 to 06 storey range, at S$13,525 psm with 89 years of lease remaining. Below it sits Blk 79 Dawson Rd at S$1,550,000, a 107 sqm unit on the 25 to 27 storeys, which works out to the highest rate in the group at S$14,486 psm. Two Ghim Moh Link transactions follow at S$1,480,000 and S$1,450,000.

What the storey ranges show is that the highest price and the highest psm are not the same flat. The S$1,650,000 sale is the largest at 122 sqm but sits on a low floor, while the two Blk 79 Dawson Rd entries, at S$14,486 psm and S$13,439 psm, are smaller units higher up. Lease remaining across the five runs from 86 to 94 years. These are five recorded transactions out of 189, so they describe the top end of the quarter rather than the town.

A few things the figures leave open. The gap between Queenstown's +11.8% on psm and the island-wide -0.4% is measured over a single year, and the town's own series shows two quarters in late 2025 where the median psm was close to flat, so the pace here has not been steady throughout. Mix remains the main unknown: with 89 three-room and 23 five-room sales in the quarter, the composition of what transacts can move the headline median price without the underlying psm doing much. The next quarter's data will show whether volumes hold near the 175 to 189 range of the past two quarters, and whether the count of sales at S$1 million or more continues the progression from 32 to 62.

We keep coming back to the same point with town-level numbers: one median, read alone, is a snapshot of whatever happened to change hands in three months. It becomes informative when you can see it against the eight quarters behind it, the flat types inside it, and the national figure it is being compared to. On all three counts, Queenstown in 2Q2026 is reading differently from the wider HDB resale market, and that is the part of this pack worth remembering.

Method: HDB resale records grouped by town and by the quarter of the sale month; medians are of price and of price per square metre. Flat types with fewer than five sales in the quarter are omitted from the breakdown. Lease left is rounded to whole years as at the sale. Private figures are from URA Data Service caveats, HDB figures from data.gov.sg resale records, both loaded weekly by this site's ingest. Medians are of the non-excluded transactions in the period named; sales flagged by the hygiene rules (related-party transfers, bulk deals, outliers) are left out. Every figure is indicative and drawn from recorded transactions, not a formal valuation.