# Rare Queenstown Landed HDB At 50 Stirling Road Sells For $1.04M - **Source:** Stacked Homes - **Published:** 2026-08-21T06:05:03.000Z - **Author:** Ryan J. Ong - **Original:** https://stackedhomes.com/rare-landed-hdb-queenstown-just-sold-record-1-04m-only-41-years-lease-left/ - **Topics:** HDB & Public Housing, Private Residential, Transactions & Deals ## Featured rationale The record signals strong demand for scarce landed-style HDB homes, though lease decay, financing constraints and infrequent transactions may limit future price growth and buyer eligibility. ## AI summary A 1,102 sq ft three-room terrace flat at 50 Stirling Road sold for a record $1,040,888, or $944 psf, with about 40 lease years remaining. ## Original article A rare HDB landed home at 50 Stirling Road has set a new record resale price in Queenstown, after the property was sold for $1.04 million earlier this week. The two-storey home spans 1,102 sq ft, and the sales price translates to $944 psf. Officially designated as three-room* terrace flats, these landed homes were built by the Singapore Improvement Trust (SIT), the predecessor to HDB, in 1968. There are about 15 rows of these terrace houses along Stirling Road, and they are among the oldest public housing stock in Singapore. *Some of the landed flats are also classified as four-room terrace flats. These 99-year leasehold public houses were built in 1968, and most of them have about 40 years left on their lease. There are also only a handful of these units along Stirling Road. For example, there are only eight terrace houses in Block 50. The previous record price of a similar type of terrace house in the neighbouring area was the sale of a unit at 56 Stirling Road. This transaction involved a 1,163 sq ft house that changed hands for $930,000 ($800 psf) in November 2022. That is about $110,888 less than the current record transaction. This type of landed HDB units still see a fairly strong buying interest despite the limited amount of time left on their land lease. When we examine the transaction history of resale terrace flats in this area, there is a consistent trend of rising prices. However, this is coupled with low transaction volumes due to the very small number of these units. Other Top Transactions Along Stirling Road Block | Street | Month | Storey | Size (sq ft) | Price 50 | STIRLING RD | 2026-08 | Double Storey | 1,102 | $1,040,888 50 | STIRLING RD | 2021-07 | Double Storey | 1,130 | $920,000 50 | STIRLING RD | 2020-11 | Double Storey | 1,098 | $855,000 Why The Price Held Up The only other neighbourhoods where these types of landed HDB terraces can be found are a small enclave of terraces along Jalan Ma’mor and Jalan Bahagia in Whampoa. There are no other kinds of HDB properties that are landed. Generally speaking, HDB terraces are rarely bought with the expectation of exceptionally strong resale gains given the limited remaining years on their lease. For owner-occupiers, these homes provide an opportunity to experience something similar to a landed lifestyle, but at a cost far below that of private landed homes. The Block 50 units also allow for front and back porch extensions, whereas some of these terrace flats only have front porches. While the owners still share a common car park, this is situated directly behind their backyards. For drivers, this still makes parking more convenient than other multi-storey car parks. In addition, these terraces on Stirling Road are in a mature town. Besides the extensive heartland amenities, Block 50 Stirling Road is within walking distance of Queenstown MRT station on the East-West Line. But with about 40 years left on their lease, any future buyer of these terrace flats may face steep financing limitations. For CPF usage, there could be a pro-rated limit on how much they can withdraw, and banks may not offer the full loan tenure. As a result, these buyers will likely have to fork out a higher amount in cash if they want to own one of these rare HDB properties. Moreover, since there are a relatively small number of these flats on Stirling Road, and transactions happen only rarely, it’s difficult to predict the future price trajectory of the homes there. If the next resale unit sells many years from now, price growth may not be assured due to the advancing negative impact of lease decay. It’s quite likely that, given the nature of these scarce properties, many of the owners of these terrace houses intend to hold on to their properties until the end of their lease. Or at the very least, until the government steps in to take back the land. ## Chinese translation > Translation model: openai_codex_cli ### Queenstown 罕见 Stirling Road 50 号有地组屋以新币 104 万元售出 Queenstown Stirling Road 50 号一套三房露台单位以新币 1,040,888 元售出，尽管租契仅剩 41 年，仍创下此类有地组屋的新纪录。 Stirling Road 50 号一套罕见有地组屋本周早些时候以新币 104 万元售出，创下 Queenstown 转售价新纪录。这套两层住宅面积为 1,102 平方英尺，售价折合每平方英尺新币 944 元。 这些有地住宅正式被指定为三房*露台单位，由 HDB 的前身 Singapore Improvement Trust (SIT) 于 1968 年建造。Stirling Road 沿线约有 15 排这类露台屋，它们属于新加坡最老的公共住房存量之一。 *部分有地单位也被归类为四房露台单位。 这些 99 年租赁期公共住宅建于 1968 年，大多数租契剩余约 40 年。Stirling Road 沿线也只有少数这类单位。例如，Block 50 只有八套露台屋。 邻近地区类似类型露台屋此前的纪录价格，是 56 Stirling Road 一套单位的成交。这笔交易涉及一套 1,163 平方英尺的住宅，于 2022 年 11 月以新币 930,000 元（每平方英尺新币 800 元）易手。该价格比当前纪录交易低约新币 110,888 元。 尽管土地租契剩余时间有限，这类有地组屋单位仍然看到相当强劲的购买兴趣。当我们考察该地区转售露台单位的交易历史时，可以看到价格持续上升的趋势。不过，由于这类单位数量极少，交易量也很低。 Stirling Road 沿线其他最高交易 Block | Street | Month | Storey | Size (sq ft) | Price 50 | STIRLING RD | 2026-08 | Double Storey | 1,102 | 新币 1,040,888 元 50 | STIRLING RD | 2021-07 | Double Storey | 1,130 | 新币 920,000 元 50 | STIRLING RD | 2020-11 | Double Storey | 1,098 | 新币 855,000 元 价格为何坚挺 唯一还能找到这类有地组屋露台单位的其他邻里，是 Whampoa 的 Jalan Ma’mor 和 Jalan Bahagia 沿线一小片露台屋聚落。除此之外，没有其他类型的 HDB 房产是有地形式。 一般而言，鉴于剩余租契年限有限，买家很少购买 HDB 露台单位时会预期获得异常强劲的转售收益。对自住业主而言，这些住宅提供了体验类似有地生活方式的机会，但成本远低于私人有地住宅。 Block 50 的单位还允许前后门廊扩建，而其中一些露台单位只有前门廊。虽然业主仍共用一个公共停车场，但停车场就位于他们后院正后方。对开车人士而言，这仍比其他多层停车场更方便。 此外，Stirling Road 的这些露台单位位于成熟市镇。除了广泛的邻里配套之外，Block 50 Stirling Road 也在东西线 Queenstown 地铁站的步行范围内。 但由于租契剩余约 40 年，这些露台单位的任何未来买家都可能面临严格的融资限制。就 CPF 使用而言，他们可提取的金额可能存在按比例限制，银行也可能不会提供完整贷款期限。 因此，如果这些买家想拥有这类罕见 HDB 房产，很可能需要支付更高金额的现金。此外，由于 Stirling Road 上这类单位数量相对较少，且交易很少发生，因此很难预测当地住宅未来的价格走势。如果下一套转售单位在多年后才售出，由于租契递减的负面影响不断加深，价格增长未必有保障。 鉴于这些稀缺房产的性质，许多露台屋业主很可能打算持有其房产直到租契结束。或者至少持有到政府介入收回土地为止。