What is the past 20-year price trend for landed properties along Alexandra Road, Commonwealth Avenue, and Queensway in terms of PSF, as well as the latest transaction?

Landed properties along Alexandra Road, Commonwealth Avenue, and Queensway have seen substantial price growth over the past 20 years, reflecting the area's strong demand and city-fringe appeal. In the early 2000s, average prices for landed homes in this region typically ranged from under 500 psf. By the mid-2010s, prices commonly exceeded 1,000 psf, and in recent years, select transactions have been observed above 2,000 psf, especially for prime and well-renovated homes.

Latest Transaction Example:
- Recent landed transactions in nearby Alexandra Road recorded prices in the range of 2,000–2,300 psf for residential landed homes, depending on age, condition, and land size.

Long-Term Trend:
- In 2002, landed property psf along Alexandra Road saw transactions as low as 488 psf.
- By 2024, the highest recorded transaction in this precinct for landed homes reached as high as 2,148 psf, with average prices around 1,900–2,200 psf for freehold and newer properties.

Key Insights:
- The general trend in these city-fringe locations is a quadrupling of landed psf values over two decades.
- Upward price movement is mainly attributed to limited supply, ongoing rejuvenation of Queenstown and Alexandra areas, and their proximity to key amenities, MRT stations, and the CBD.
- Recent sales confirm robust demand; newer landed homes and those with prime positioning command premium prices, especially within highly sought after precincts along Alexandra Road.

If you need specific landed transaction records, individual property details, or breakdowns by street or tenure (freehold vs leasehold), explore EdgeProp Singapore’s comprehensive research tools for up-to-date, property-specific data and price trends.