Leedon Green Sets Record High 3475 Psf
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Leedon Green has emerged as the top private condo that achieved a new psf-price high between March 7 and 14. The new highest price per square foot recorded was $3,475, coming from the sub-sale of a 1,496 sq ft, four-bedroom unit that sold for $5.2 million on March 7. The sellers of this seventh-floor unit had bought it from the developer in June 2020 for around $3.99 million, or $2,665 psf, making a profit of around $1.21 million. This transaction narrowly surpasses the project’s previous record price of $3,471 psf, which came from the developer’s sale of a 1,356 sq ft, three-bedroom apartment for $4.71 million in January last year.
Leedon Green was completed in 2023 and comprises seven 12-storey blocks, with a total of 638 units. The freehold development offers a mix of one- to four-bedroom apartments, ranging from 474 sq ft to 2,680 sq ft. It is located along Leedon Heights in District 10, close to a variety of restaurants and entertainment options in Holland Village, as well as Holland Village MRT Station on the Circle Line.
Out of the freehold projects 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 nearby developments such as Leedon Residence ($2,724 psf) and Hyll on Holland ($2,766 psf).
The second highest psf-price high during the period in review came from Volari, a freehold condo on Balmoral Road. On March 13, a 2,174 sq ft, four-bedroom apartment changed hands at $5.85 million, or $2,690 psf. This marks the first time a unit sold at the development has crossed the $2,500 psf mark. The seller, who bought the ninth-floor unit in November 2012 for $5.44 million ($2,500 psf), gained around $415,000 from the sale. By absolute price, the most expensive unit sold at Volari was a 6,168 sq ft, penthouse unit for $10 million ($1,621 psf) in December 2012.
Completed in 2012, Volari comprises 85 units ranging from two- to four-bedroom apartments and penthouse units from 3,950 sq ft to 6,168 sq ft. It is located within a four-minute walk of Balmoral Plaza and is close to popular school, Anglo-Chinese School (Primary).
Rounding up the top three, Urbana also saw a new psf-price high with the sale of a 1,012 sq ft, two-bedroom unit for $2.7 million, or $2,668 psf, on March 12. The 31st-floor unit was purchased in August 2016 for around $1.8 million, making the seller a profit of $900,000. This new record beats the previous high of $2,574 psf, when a 1,313 sq ft, three-bedroom unit on the 25th-floor changed hands at around $3.38 million in December 2022.
Urbana is a 126-unit freehold condo completed in 2007 and offers two- to four-bedroom units ranging from 1,012 sq ft to 3,229 sq ft. It is located along River Valley Close in District 9 and is close to lifestyle hub, New Bahru, and transport options from Great World MRT Station along the Thomson-East Coast Line. The development is also located near River Valley Primary School.
There were no psf-price lows recorded during the period in review.