Leedon Green Sets Record High 3475 Psf
Leedon Green has emerged as the top private condo with a new record psf-price high from March 7 to 14. The unit, a 1,496 sq ft, four-bedroom apartment, was sold for $5.2 million on March 7, setting a new peak of $3,475 psf.
The sellers had previously bought the unit from the developer for $3.99 million, or $2,665 psf, in June 2020, making a profit of approximately $1.21 million. This transaction narrowly surpassed the previous record price of $3,471 psf, which was set by the sale of a 1,356 sq ft, three-bedroom unit by the developer in January last year.
Leedon Green, a freehold development completed in 2023, comprises seven 12-storey blocks with a total of 638 units ranging from one- to four-bedroom apartments. Located in District 10 along Leedon Heights, the project offers convenient access to a diverse selection of F&B options and entertainment hubs in Holland Village, as well as Holland Village MRT Station on the Circle Line.
Among the freehold developments in the Farrer Road area, Leedon Green commands the highest average selling price over the last 12 months at around $2,946 psf, compared to neighboring projects such as Leedon Residence and Hyll on Holland.
The second highest psf-price high during the period in review was recorded at Volari, a freehold condo on Balmoral Road. On March 13, a 2,174 sq ft, four-bedroom unit was sold for $5.85 million, or $2,690 psf. This marks the first time a unit at the development has crossed the $2,500 psf threshold. The seller, who purchased the unit for $5.44 million ($2,500 psf) in November 2012, gained a profit of around $415,000.
Completed in 2012, Volari comprises 85 units ranging from two- to four-bedroom apartments and three penthouses. Located in prime District 10, it is within a four-minute walk to Balmoral Plaza and is close to Anglo-Chinese School (Primary).
The third highest psf-price high during the period in review was recorded at Urbana, with the sale of a 1,012 sq ft, two-bedroom unit for $2.7 million, or $2,668 psf, on March 12. This surpassed the previous high of $2,574 psf when a 1,313 sq ft, three-bedroom unit was sold for $3.38 million in December 2022. The seller of the 31st-floor unit purchased it for $1.8 million, or $1,779 psf, in August 2016, making a profit of $900,000 on the transaction.
Completed in 2007, Urbana is a 126-unit freehold condo located along River Valley Close in District 9. It comprises two- to four-bedroom units, ranging from 1,012 sq ft to 3,229 sq ft and is close to amenities such as New Bahru lifestyle hub and Great World MRT Station.
There were no psf-price lows recorded during the period in review.
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