First 2-Room Resale at SkyResidence @ Dawson: S$490K Is the Cheapest in the Cluster

A brand-new HDB project in Queenstown has just recorded its first 2-room resale — and at S$490,000, it's the cheapest 2-room flat to change hands among the newer Dawson cluster developments so far.

The 506 sqft unit sits on the 7th to 9th storeys of Block 35 Margaret Drive and went for around S$968 psf, according to 99.co, which flagged the transaction as the first official 2-room resale at SkyResidence @ Dawson.

Cheapest in the New Dawson Cluster

Here's the part that makes this deal interesting: it's not just SkyResidence's first 2-room resale — it's also the lowest price recorded for a newer 2-room flat across the Dawson precinct. Based on logged caveats, six 2-room units across the newer Dawson projects have now been officially transacted, and every comparable unit sold for more than S$500,000.

That puts SkyResidence at the lower end of the price spectrum among the newer 2-room flats in Dawson — a useful early benchmark for buyers who want a fresh Queenstown flat without paying the premium seen at neighbouring projects.

A New Project in a Prime Queenstown Spot

SkyResidence @ Dawson is a 99-year leasehold development (from 2022) built along Margaret Drive, with blocks at 30, 31, 32, 33 and 35 Margaret Drive. It's walking distance to Queenstown and Commonwealth MRT stations, with amenities like Dawson Place and several supermarkets nearby — the kind of location that typically commands a premium in the resale market.

For context on just how wide the price range can be in this neighbourhood: a 2-room flat at the nearby SkyParc @ Dawson set a national record back in February 2026, selling for S$695,000 — roughly S$1,373 psf for a similar 506 sqft layout on a high floor. So the S$490,000 deal at SkyResidence shows there are still entry points in the area, even as Queenstown's newest projects push records at the top end.

What This Means for Buyers

If you're shopping for a newer HDB flat in Queenstown, this first transaction gives you a realistic floor to work from. Six data points is still a thin sample, but the pattern is clear: newer 2-room flats in Dawson are landing between S$490,000 and just over S$500,000 on the resale market, while higher-floor units in the cluster's premium projects can go significantly further.

As more units hit their Minimum Occupation Period and enter the resale market, these benchmarks will only get more solid. For now, this S$490,000 sale is a good reality check on what entry into Queenstown's newest estates actually costs.

Sources

• SkyResidence @ Dawson records first 2-room resale at S$490K — 99.co: https://www.99.co/singapore/insider/490k-2-room-flat-is-the-cheapest-in-new-dawson-hdb-cluster
• SkyResidence @ Dawson HDB project details & price range — EdgeProp: https://www.edgeprop.sg/hdb/skyresidence-@-dawson
• 2-room resale flat in Queenstown's SkyParc @ Dawson sold for record S$695,000 — Mothership: https://mothership.sg/2026/02/queenstown-2-room-resale-flat