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Block 92 Commonwealth Drive

2 Room · 3 Room · Built 1967 · 42 years remaining lease · Updated Sep 2023 MOP Cleared

Block 92 Commonwealth Drive has 14 recorded HDB resale transactions since 2017. Latest sale: $310,000 (Sep 2023, 3 room, floors 10–12). Median $4,483/sqm. Built 1967, 42 years lease remaining.

Latest Sale
$310,000
Sep 2023 · 3 ROOM · Floor 10-12
Median $/sqm
$4,483
Based on 14 transactions
Total Transactions
14
Since Jan 2017
5-Year Trend
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Insufficient data
Median Price ?
Top 99%
#194 / 195 Top 99%
Latest Sale ?
Top 95%
#186 / 195 Top 95%
Value ($/sqm) ?
Top 99%
#194 / 195 Top 99%
Price Trend
Source: HDB Resale Flat Prices, data.gov.sg. Updated monthly.
What's Your Unit Worth?
HDB records transactions in 3-storey bands (e.g. 01 TO 03). Pick the band closest to your floor.
Estimated Market Value
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How we estimate this →
Future Value Projection
Market Appreciation
+3%/yr
vs
Lease Decay
−1.06%/yr
Growth assumption
Using default rate (insufficient transaction history for this block)
Estimated value in --
--
Market appreciation --
Lease decay --
Net effect --
Projection uses Bala's Table (SLA leasehold model) for lease decay and your selected growth rate for appreciation. Lease decay is non-linear and accelerates as remaining lease shortens. Past growth does not guarantee future performance. Not financial advice.
Lease Decay Projection
0 years 42 years remaining 99 years
42 years 4 months
Remaining lease
↓ 1.06%/yr
Annual lease decay (Bala's Table)
Based on Bala's Table (SLA leasehold relativity model). At 42 years remaining, decay is accelerating (~1.06%/yr). It accelerates significantly below 40 years. Lease decay is approaching the rate where it offsets market appreciation.
Rental & Yield

What this block rents for, and the gross rental yield (annual rent ÷ resale price). Figures are from rentals at this block where available.

Flat type Median rent /mo Gross yield Based on
2-Room $2,500 typically $2,100–$2,800 9.8% Queenstown avg · block too thin
3-Room $2,800 typically $2,800–$2,900 12 rentals here
Gross yield is annual rent before maintenance, property tax, and vacancy, so net return is lower. Renting out a whole HDB flat requires meeting the 5-year Minimum Occupation Period and HDB approval. Rents are owner-declared to HDB and unverified.
Source: HDB Renting Out of Flats, data.gov.sg (Singapore Open Data Licence).
Primary schools nearby

This block is inside the 1 km Primary 1 priority zone for 1 popular school. When a school is oversubscribed, MOE ballots by home–school distance, and homes within 1 km are drawn first.

Compare homes near all 50 popular schools
Distances are straight-line estimates from this block, indicative only. MOE measures from its own school reference point, so confirm the exact distance before relying on it.
Where this home sits, and its schools
1 school in the 1 km top-priority zone
  • This home
  • School within 1 km
  • School 1–2 km
  • 1km ring, top priority
  • 2km ring, next tier

Straight-line distances, the basis MOE uses for Home–School Distance priority. Tap a school to open it. Map © OneMap, SLA.

Nearby comparable homes

Other HDB blocks closest to Block 92 Commonwealth Drive in Queenstown, with their median resale price. Useful for comparing what a flat here costs against its immediate neighbours.

See all HDB blocks in Queenstown
Distances are straight-line estimates from this home, indicative only. Prices are medians of recorded resale transactions, not asking prices.
All Transactions
Date Floor Type Area Price $/sqm
Sep 2023 10 TO 12 3 ROOM 60 sqm $310,000 $5,167
May 2023 07 TO 09 3 ROOM 60 sqm $318,000 $5,300
Apr 2023 04 TO 06 2 ROOM 48 sqm $260,000 $5,417
Jan 2023 04 TO 06 3 ROOM 69 sqm $320,000 $4,638
Oct 2022 04 TO 06 3 ROOM 69 sqm $320,000 $4,638
Nov 2021 07 TO 09 3 ROOM 60 sqm $270,000 $4,500
Feb 2021 04 TO 06 3 ROOM 60 sqm $268,000 $4,467
Dec 2020 10 TO 12 3 ROOM 60 sqm $260,000 $4,333
Jul 2020 04 TO 06 3 ROOM 60 sqm $241,000 $4,017
Feb 2020 07 TO 09 3 ROOM 60 sqm $250,000 $4,167
Oct 2019 01 TO 03 3 ROOM 60 sqm $240,000 $4,000
Jul 2019 01 TO 03 3 ROOM 58 sqm $216,000 $3,724
Jul 2018 07 TO 09 3 ROOM 60 sqm $250,000 $4,167
Feb 2017 04 TO 06 2 ROOM 48 sqm $225,000 $4,688
Showing 14 of 14 transactions
Source: HDB Resale Flat Prices, data.gov.sg (Singapore Open Data Licence).

About Block 92 Commonwealth Drive

Block 92 Commonwealth Drive is an ageing-lease HDB block in Queenstown, built in 1967 with about 42 years left on its 99-year lease, so remaining lease is the dominant price factor here. Its median sits about 64% below the Queenstown median, cheaper than about 98% of the town's blocks. It has a relatively light resale record, with 14 transactions since 2017 across 2 room, 3 room flats priced from $216,000 to $320,000. The most recent transaction was a 3 room flat on storeys 10 TO 12 at $310,000 in Sep 2023, and the median works out to $4,483/sqm. All transaction data is sourced from data.gov.sg and updated monthly.

Frequently Asked Questions

How much is an HDB flat at Block 92 Commonwealth Drive worth?

The most recent resale transaction at Block 92 Commonwealth Drive was $310,000 for a 3 room flat in 2023-09. The median price per square metre across all flat types is $4,483, based on 14 transactions since January 2017. Data sourced from data.gov.sg.

What is the remaining lease for Block 92 Commonwealth Drive?

Block 92 Commonwealth Drive was built in 1967 and has approximately 42 years and 4 months remaining on its 99-year lease. Under Bala's Table (the SLA leasehold valuation model), the annual lease decay rate is 1.06%, meaning the leasehold value decreases by approximately 1.06% per year at the current remaining lease.

What flat types are available at Block 92 Commonwealth Drive?

Block 92 Commonwealth Drive in Queenstown contains 2 room, 3 room flats. Resale prices range from $216,000 to $320,000 based on historical transaction records from data.gov.sg.

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