Queens Peak Unit Mixes

Queens Peak Unit Mixes

Queens peak Showflat Location

Queens Peak Condo Showflat is located at the actual site. From Commonwealth Avenue, turn in to Strathmore Avenue and into Dundee Road as shown in the map above.

If coming from public transport, take an MRT to Queenstown MRT EW19, exit and turn left. Walk towards Strathmore Avenue and turn into Dundee Road. It will be a short 5 minutes walk.

Queens Peak Showflat Direction

Queens Peak Condo Quick Fact

Developer	MCC Land
Description	2 Blocks of 44 storey Residential units with 6 level of car park, a childcare centre  & 3 commercial units
Address	Dundee Road
Tenure	99 Leasehold
Site Area	113,194 sqft
TOP Date	Q2 2020
Total Units	736 units, 3 commercial units, 1 childcare centre
Parking	6 levels of carpark
Unit Types	1/1+1, 2, 3, 4, 5 & Penthouses

Bright spots in the property market

With the release of second-quarter real estate statistics by the Urban Redevelopment Authority (URA), there is increased consensus in the industry that the ailing residential property market is stabilising after a total 9.4 per cent slide from the peak of Q3 2013, with an underlying recovery underpinned by the luxury segment. 

Lending support to the residential market now is a “lower for longer” interest rate environment, which not only keeps cost of borrowing low, but also prods investors into a deeper pursuit for yields. 

Despite rising vacancies and softening rents, early signs of a bottoming-out in the private residential market surfaced – the 0.4 per cent fall in overall private residential price index in Q2 was the smallest quarterly decline seen in the 11 straight quarters of correction. 

Resale transactions also staged a strong rebound with a 17.1 per cent year-on-year growth to 2,140 units. In particular, the Core Central Region (CCR) saw a 33.7 per cent jump in resale transactions, which made up 78 per cent of the total 767 transactions in the region, while prices in the CCR rose another 0.3 per cent for a second consecutive quarter. 

Notwithstanding continued pressures on rental yields in the private residential market, investors are still expected to pile into real estate amid wild swings in the financial markets stoked by the increased occurrence of “black swan events” such as “Brexit” and global terrorism. 

Real estate in Singapore still remains one of the safe haven assets that the rich want to park their money in. Those who are buying are looking at the longer term; they are not looking at short-term rental yields but are looking at long-term capital appreciation. 

A total of 131 luxury apartments each worth S$5 billion and above were sold in the first half of this year, marking a 76 per cent jump from the whole of 2015. 

The average price of such luxury units sold stood at S$2,950 psf, up from S$2,700 psf as at end-2015. 

Among them, Wheelock Properties’ Ardmore Three sold 34 units in H1 at S$3,200 psf. Other projects that moved units during the same period included Leedon Residence and Goodwood Residence by GuocoLand, and Gramercy Park by City Developments Ltd. 

Early signs of a bottoming-out are also seen in the city fringe, where prices in the Rest of Central Region (RCR) rose by 0.2 per cent after being flat in the first quarter. Prices in the suburban areas or the Outside Central Region fell by a smaller 0.5 per cent, compared to 1.3 per cent in the previous quarter.

The 1.4 percentage point increase in vacancy rate for private residential units to a 16-year high at 8.9 per cent – when viewed against the surge in completions – may not be all that alarming.

A tapering-off in completions after this year will also provide the needed breathing space for the market to absorb the current unsold units in both completed licensed projects and uncompleted projects, which have fallen to a historical low of 23,282 units in Q2.

All these may be encouraging signs for developers with upcoming project launches. But they will have to bear in mind that buyers are still price sensitive and cautious and have many residential options to choose from.

Having strong product attributes and the right pricing remains the winning formula seen in launches that have performed well so far.

Elsewhere in Malaysia, there is no denying that the near-term outlook for the residential sector remains cloudy. But some consultants believe that demand for housing in select cities such as Kuala Lumpur and Nusajaya remains strong, with the high-speed rail link between Kuala Lumpur and Singapore set to benefit cities along the rail corridor.

A “lower for longer” interest rate environment, along with the slide in capital values, may also inspire big-ticket transactions in Singapore’s commercial space, if the sovereign wealth funds and insurance companies are willing to stomach lower yields in the short term.

During Q2, office and retail space marked their steepest quarterly price and rental falls over the past one year or so.

This is also triggering more flight-to-quality movements by companies in the office space as they see this as an opportune time to secure premium spaces at favourable rates.

There was a slew of pre-leasing deals in the upcoming prime developments during Q2. Marina One reportedly achieved 550,000 sq ft in leasing pre-commitments, translating into a pre-commitment rate of 30 per cent; Guoco Tower also saw substantial take-up of space during the quarter with tech firm SAS leasing 20,000 sq ft of floor space in the development.

An estimated 6.6 million sq ft of office gross floor area is projected to be completed in the next 18 months. The average annual office demand in the past three years is about 1.2 million sq ft. Along with a potential increase in secondary shadow space, the heat is on office landlords to offer attractive rents to compete.

Similarly in the retail space, malls will have to evolve too, given retailers’ rising interest in omni-channel retailing – in other words, providing a seamless shopping experience across stores and the online channel. 

Given the challenging outlook, it would be imperative for landlords to undertake a proactive approach to manage their tenant mix to continually engage and excite shoppers. One possible area of growth is the F&B sector as well as the experiential and lifestyle segment.

Adapted from: The Business Times, 28 July 2016

Queens Peak Quick Info

Queens Peak @ Dundee Road Next to Queenstown MRT by MCC Total no of units: 736 units Lease: 99 years Total no of storey: 44 floor No of blocks: 2 towers Unit mix: 1st to 27th floor: 1,2 and 3 Bedroom 28th to 44th floor: 4 and 5 Bedroom 3 Shops & 1 Childcare Centre http://the-queens-peak.com/

Top 10 Reasons to Invest in the QueensPeak

Queens Peak
1. Located next to Queenstown MRT station
2. Reputable Developer, MCC Land
3. Short drive or MRT ride to city centre
4. Wide range of recreation and dining amenities such as Holland Village, Alexandra Central, IKEA Alexandra, Queensway Shopping Centre and The Anchorage.
5. Located within an established residential estate and a short 5-10 minutes drive to Orchard Road, CBD, Marina Bay and Southern Waterfront
6. The Star Vista – new retail and entertainment hub with over 100 eateries and shops located next to Buona Vista MRT
7. Great rental potential from CBD, NUH, NUS, One-North Fusionpolis, Biopolis and many more!
8. Reputable schools such as Gan Eng Seng Primary, Crescent Girls School, Singapore Polytechnic and National University of Singapore
9. Well designed layout of 1-4 bedrooms with quality finishing and luxurious design
10. Competitive pricing!!!

#QueensPeak
#NewCondoLaunch

Queens Peak Location Review (II)

It is no doubt that it’s a great boon for property investors and home buyers as they get huge benefit through this. Number of bids received for this projects was less than in number at first instance. Almost all investors and constructors are worried that there are still many unsold plots around the region but this is a project of very high value so possibly huge risk is taken by the investors. After that when the complete set of details were announced automatically bidding increased. Amenities attracted all the investors same as that of surroundings. All class of people can be benefited in this projects regardless of their caste, religion, status and more. Really this project is going to be a nightmare in the field of construction and it’s going to rock the Singapore in late this year.

A rare opportunity for investment in a residential unit right next to the Queenstown MRT station, mere minutes away from the city centre, Queens Peak is a residential development by HY Realty with a site area of 10,516.1 square metres. With a maximum GFA of up to 51,528.89 square metres, the development will be able to yield an estimated 645 units. The close proximity of the Dundee Road condominium to the city centre or to the one-north development helps to reduce travelling time to and from work, thus saving you precious time that you could be spending with your loved ones. Queens Peak is also well connected to the rest of Singapore via AYE or major arterial roads such as Commonwealth Avenue. You will be able to reach your favourite shopping destinations along Orchard Road within 15 minutes.

Situated within the historically- and culturally-rich Queenstown estate, Queens Peak condominium puts you close to various conserved buildings such as Princess House, the former Anchor Brewery Brewmaster’s House and the Church of the Blessed Sacrament. Queenstown, being the first satellite town, will undergo a series of transformation, where various types of new public and private housing will help to rejuvenate the town while preserving its distinctive character. With various heritage trails organised by MyQueenstown, there will be no lack of activities for you to take part in during your weekends as you get to learn more about your neighbourhood.

A stone’s throw away from Holland Village, which offers plenty of retail and F&B options in an area that is different from a typical shopping mall, you will be treated to an area rich with intimate streets and pedestrian-friendly public spaces for you to enjoy with your friends and family. With a variety of restaurants, cafes and bars that open till late, Holland Village offers you plenty of options for you to chill out and enjoy the night.
Food lovers seeking authentic, local hawker fare will be delighted to know that many good hawker centres are close to home at Queens Peak. The Mei Ling Market, Tanglin Halt Market, Alexandra Village Food Centre and ABC Brickworks Market are just some of the food centres easily accessible on foot, or by car and public transport. You will have no lack of options for your daily grocery needs as well at these markets.

For those who enjoy outdoor activities, major parks such as West Coast Park, Kent Ridge Park and HortPark near Dundee Road offers a wide range of leisure and recreational options. Weekends will never be boring as you hike along the Southern Ridges and reconnect yourself with Mother Nature. You will also be able to enjoy the exciting developments along the nearby Rail Corridor, enhancing the value of your property at Queens Peak. The plans for the Rail Corridor include spaces for jogging, cycling walking your dog, as well as different types of big and small gathering spaces for you to enjoy with your friends and family. Spend quality time with your friends and family at the various community decks along the Rail Corridor, or sit down at some of the cafés with your colleagues to get inspiration for your next breakthrough in your projects.

Queens Peak is also a short walk away from the Alexandra Canal, which underwent a makeover a few years ago. The revitalised waterway offers a series of wetlands and lookout decks for you to enjoy the relaxing effects of being close to water. The Alexandra Canal Linear Park also offers a variety of fitness and play equipment for all ages, as well as a skate corner for avid skaters.
The development is close to schools such as Queenstown Primary and Secondary School, Crescent Girls School and National University of Singapore, ideal for families with school-going children. With its close proximity to the MRT as well as being along major bus routes, a home in Dundee Road allows you to get to anywhere in Singapore easily.
Queens Peak will be well equipped with various facilities such as a function room, swimming pools, tennis courts, indoor gymnasiums, as well as fitness corners. There will also be BBQ pits available for you to invite your relatives and friends over for parties and gatherings.
An opportunity to invest in a property at a city-fringe location such as Queenstown, as well as its close promixity to an MRT station, is a rare find given Singapore’s limited land supply. You will be able to get to your work place in the Central Busines District or one-north within minutes via public transport. Major retail, entertainment and F&B outlets are also within reach along Orchard Road via bus or car. Alternatively, seek out quieter F&B options at Dempsey. Weekends can also be spent at the Gillman Barracks, offering you various F&B outlets while allowing you to immerse yourself in art at one of its 12 art galleries. Invest in a unit at Queens Peak condo now, and your family or tenants will thank you for a quality roof over their heads at such a convenient location.

Queens Peak Location Review (I)

This is a well-located project as the places chosen for this project is a key location in Singapore. Shopping centres like Ikea, Alexandra and Queenstown Shopping centre are right next to our plots at Queens Peak. It is Located between Queenstown, Commonwealth Avenue and Dundee Road. This project focus not only in remote access but also keen on academic centres and health cares. Nearby Queens Peak has quality academic centres like Schools, Polytechnics in walkable distance from plots. It is a condominium consist of 700 residential units in Queens Peak floor and site plans featuring various amenities to suit people of all classes. Local trains are also available and can be accessed through walkable distance from our plots.

The condominiums are in a serene environment on Queenstown Road. The condos are near MRT stations and a few minutes from the National University of School, National University of Hospitals, and Sciences Parks. 

The condos strategic location, near highly regarded financial districts like the Marina Bay Centre and Raffles, is attractive to foreigners who wish to invest. 

MCC Land depends on this strategic position of the condominiums to ultimately sell all the units upon completion so that it can get the money it bid to complete. So far things are in a good condition, and the investment is worth it.

Queens Peak HY Realty is located near Queenstown MRT, Commonwealth Avenue, and Dundee Road. With such a connection the Queens Peak Singapore residents can transverse Singapore with ease. Since the condos are located near the CBD, accessing the city is also facilitated. Also, the condos are connected to the Central Expressway and Ayer Rajah Expressway that gives drivers the best driving experience.

New Launch Coming Soon!

Situated along Dundee Road in popular city fringe District 03, Queens Peak is a mere 3 minutes stroll to Queenstown MRT station. This soon-to-be released leasehold Queenstown Condo sits on a land size of 113,200 square feet and is by renowned developer MCC Land. Queens Peak Condo will comprise of about 700 residential units and this Singapore Condo is expected to be launching in the second half of year 2016. #QueensPeak

S’pore luxury home prices up 7.9% in Q2

By Romesh Navaratnarajah • August 16, 2016

Singapore was ranked ninth for global price growth, revealed Knight Frank’s report. 

Singapore was listed ninth on Knight Frank’s Prime Global Cities Index for Q2 2016, with luxury home
prices increasing by 7.9 percent in the year to June 2016.

According to the property consultancy, prime property corresponds to the top five percent of the wider
housing market in each city.

Vancouver topped the list for the fifth consecutive quarter, with prices of high-end homes surging by
36.4 percent. However, price inflation in the Canadian port city is expected to slow after the British
Columbia government unveiled a new 15 percent tax for foreign buyers, effective from 2 August.

Other top performers in the second quarter include Shanghai (22.5 percent), Cape Town (16.1 percent),
Toronto (12.6 percent), Melbourne (11 percent) and Sydney (10.2 percent) – all of which saw annual price
 growth reach double figures. Also in the top ten are Tokyo, Guangzhou and Seoul.

Knight Frank noted that majority of the top ten ranking cities have been on the receiving end of new
cooling measures over the past year.

In fact, the latest move by policy makers in Vancouver “to apply an additional tax for foreign buyers has
mirrored some of the similar moves over the last few years in Asia-Pacific”, said Nicholas Holt, Asia
Pacific Head of Research at Knight Frank.

“Hong Kong and Singapore, most notably, have added 15 percent additional buyers stamp duties, while
the Australian states of Victoria, Queensland and New South Wales have also recently introduced
various additional levies for foreign buyers,” said Holt.

“Conversely, liberalisation is the flip side of protectionism; whilst we have seen foreign buyers penalised
in certain markets, in Vietnam and Indonesia for example, we have seen policy makers go the other
way with recent moves to relax rules for non-nationals,” he added.

Meanwhile, Hong Kong has eclipsed Taipei to take the title of weakest-performing residential market.
This comes as prime prices there dropped by eight percent in the year to June as supply increased
and concerns over the slowdown in the local economy persisted.