Commonwealth Towers is the prestigious 99-year leasehold condominium nestled along Commonwealth Avenue in the heart of District 3. Positioned a mere one-minute stroll from Queenstown MRT station, this remarkable development boasts a collection of 845 residential units. Hence, creating an ideal environment where work, life, and leisure intertwine.
Here, the art of customization thrives, ensuring that every aspect caters to the unique preferences and desires of you and your loved ones. With meticulous attention lavished on each detail, Commonwealth Towers is dedicated to harmonizing with diverse personalities, catering to every mood, and indulging every whim. Discover a realm where potential flourishes, investments thrive, and a tailored home awaits.
Understanding the Commonwealth Tower
Project | Commonwealth Towers |
Developer | Wealthall Development Pte Limited (Joint venture of Hong Leong Holdings Ltd and City Developments) |
Type | Condominium |
Site Area | Approx 130,100 sqft |
Address | 230 and 232 Commonwealth Avenue, Singapore |
Neighbourhood | Queenstown |
District | 03 |
Built Year | 2019 |
A. Location Overview
Situated within District 3 of Singapore, precisely at 230 and 232 Commonwealth Avenue, Commonwealth Towers catalyses the area’s rejuvenation. Comprising two blocks of high-density condominiums, this development strategically positions itself very near to Queenstown MRT station.
- This well-established location boasts many amenities, including shopping arcades and verdant parks.
- Reputable schools, eclectic eateries, financial institutions, and other essential services exist.
- Nearby interchanges: Buona Vista, Jurong East, Outram Park, Raffles Place, City Hall, Bugis, Paya Lebar.
- From the vantage point of Commonwealth Tower, key destinations such as the Greater Southern Waterfront area, Orchard Road, Marina Bay, and the Central Business District lie within a mere 10-minute drive.
- Beyond proximity, leisure pursuits flourish with Alexandra Central, Queensway Shopping Center, Anchorage, IKEA Alexandra, and an extensive array of options.
Flawlessly connected, Commonwealth Towers enjoys seamless access to prime locations through major thoroughfares and expressways such as Tanglin Road, Alexandra Road, and Ayer Rajah Expressway. Hence, showcasing the epitome of convenience that defines life here.
B. Property Description and Features
Dominating the skyline along Commonwealth Avenue in Singapore’s District 3, Commonwealth Towers emerges as an impressive residential marvel. Boasting a diverse array of 845 residential units, this extraordinary project enjoys a substantial leasehold of 99 years, commencing in May 2013, with an eagerly anticipated TOP date 2019.
Comprising twin towers, each soaring 43 stories high, Commonwealth Towers encompasses an array of sky terraces, basement parking facilities spanning three zones, and a comprehensive selection of contemporary amenities. Encompassing an expansive site area exceeding 12,000 square meters, the development’s gross floor area surpasses 65,000 square meters, attaining a plot ratio of 5.38.
Unit Mix
Unit Type | Size Range (sqft) | Number of Units |
1 bedroom | 441-484 | 341 |
2 bedroom | 688-796 | 271 |
3 bedroom | 904-1076 | 195 |
4 bedroom | 1302 | 38 |
Featuring an array of 845 units, this development offers compact yet functional living spaces, particularly in its 1-bedroom units. Despite their small size, the living rooms and bathrooms exude elegance, with marble flooring and quality finishing.
The 2-bedroom units showcase larger balconies and living areas. However, the second bedroom can be somewhat confined with limited natural light. In contrast, the master bedroom benefits from ample light and spaciousness, and both master and common bathrooms are generously sized. Moving up to the 3-bedroom and 4-bedroom units, their larger dimensions provide a more comfortable living experience.
Top Amenities
The top amenities offer diverse options for relaxation, socialization, fitness, and leisure, contributing to a well-rounded and enjoyable living experience for residents.
BBQ | Enjoy outdoor grilling and gatherings with friends and family in a designated BBQ area. |
Clubhouse | A communal space for social events and gatherings, offering a versatile and cosy environment. |
Fitness Corner | Stay active with outdoor fitness equipment, allowing you to exercise in a refreshing outdoor setting. |
Function Room | An event space that can be used for meetings, parties, or gatherings with convenient facilities. |
Gym | Well-equipped fitness facility for residents to engage in regular workouts and stay healthy. |
Hammocks | Relax and unwind in hammocks, providing a tranquil and leisurely relaxing spot. |
Hydrotherapy Pool | Experience therapeutic benefits with a hydrotherapy pool designed for relaxation and rejuvenation. |
Jacuzzi | Indulge in soothing hydro-massage and unwind in a jacuzzi for a blissful relaxation experience. |
Nearby Schools
Crescent Girls School | A reputable all-girls secondary school known for its holistic education and strong academic focus. |
Gan Eng Seng Primary | A well-established primary school dedicated to nurturing young learners through quality education. |
National University of Singapore | A prestigious higher education institution is renowned for its academic excellence and global impact. |
Gan Eng Seng Secondary | A secondary school with a rich history of educational excellence, offering comprehensive programs. |
Singapore Polytechnic | One of Singapore’s leading polytechnics, providing hands-on education and career-oriented courses. |
CHIJ St. Theresa’s Convent | A distinguished girls’ school emphasizing character development, academic achievement, and values. |
One Bedroom for Sale
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Compelling Reasons to Invest in a Unit at Commonwealth Towers
1. Flourishing Investment Market
The locale surrounding Commonwealth Towers boasts a robust investment climate characterized by ongoing development and urban rejuvenation. This ensures a dynamic environment conducive to long-term property value growth.
2. Rental Demand and Occupancy Excellence
Commonwealth Towers, the pioneering condominium in its vicinity, offers a unique proposition for potential investors. Despite the challenge of unit size discrepancies, it showcases its potential through favourable rental yield projections.
- Median transacted price for 1-bedroom units: $968,000.
- The estimated monthly rent for 1-bedroom units is $3,800
- Rental yield for 1-bedroom is approximately at 4.7%
- The 2-bedroom apartments (689 to 797 sqft) transact at a median of $2,162 psf (as at 10 August 2023) with an average rental of $6,000.
The development’s strategic location is poised to drive strong rental demand, complemented by its contemporary features and connectivity.
3. Capital Appreciation Potential
The convergence of factors such as its prime location, reputable developers, and innovative design augments the potential for substantial capital appreciation over time. As the area continues to evolve, the value of Commonwealth Towers is poised to ascend.
4. Developer Distinction
Anchored by the esteemed collaboration between City Developments Ltd and Hong Leong Holdings Ltd, Commonwealth Towers benefits from a proven track record of successful and visionary projects. This partnership instils confidence in the project’s quality and execution.
5. Comparative Advantage
A thorough juxtaposition with similar properties in the vicinity reveals Commonwealth Towers’ unique attributes and value proposition. Its meticulous planning, exceptional amenities, and advantageous location set it apart, making it an enticing investment choice for discerning buyers seeking both present and future value.
Benefits of Long-Term Growth
1. Stability and Wealth Preservation
Long-term growth offers a stable platform for safeguarding and growing wealth over time. Investing in Commonwealth Towers aligns with the potential for consistent appreciation, contributing to financial stability and capital preservation. As the property market evolves, the enduring value of the investment acts as a reliable anchor in a diversified portfolio.
2. Portfolio Diversification through Real Estate
The inclusion of real estate in an investment portfolio brings diversification benefits, reducing overall risk exposure. Commonwealth Towers serves as an avenue for diversifying investment holdings, offering a tangible asset class that often operates independently of traditional financial markets. This real estate diversification shields against market volatility and bolsters the overall resilience of the portfolio.
3. Potential for Passive Income Generation
There is potential for steady passive income generation through rental yields. The property’s strategic location near Queenstown MRT station enhances its allure to potential tenants, fostering a reliable stream of rental income that can contribute to financial goals and enhance the quality of life.
A Quick Recap and Summary
- Commonwealth Towers embodies an emblem of modern luxury, poised to redefine urban living while seamlessly melding architectural finesse.
- It faces competition from other condominiums but benefits from its proximity to the MRT station.
- Amenities are distant, and smaller units are priced higher due to district value.
- Rental yield remains high, offering the potential for long-term investment returns.
- Layout planning is well-received, particularly in living/dining areas and bathrooms.
- District essentials and connectivity are strong points; additional amenities are considered a luxury.
- Gentrification in the future could enhance the district’s appeal.
- Preference is key in buyers’ decisions, evident from sales trends.
As you contemplate your investment journey, seize the moment to tap into the promising prospects that Commonwealth Towers offers. Embrace the potential to unlock your investment prowess and secure your stake in a dynamic property market that rewards foresight and strategic decision-making. The time is ripe to embark on lasting financial growth and prosperity.
