teddy's referring to the blk's 1 to 8 which i see on the map lining both sides of farrer road. blk 7 being empress road mkt & fc. there is no intention to en-bloc these few blks rite?
so LR will be blocked from the hdb by d'leedon, which is good.
teddy's referring to the blk's 1 to 8 which i see on the map lining both sides of farrer road. blk 7 being empress road mkt & fc. there is no intention to en-bloc these few blks rite?
so LR will be blocked from the hdb by d'leedon, which is good.
Originally Posted by bargain hunter
Personally I think those blks enbloc is a matter of time. If relocate the hdb to holland V, it will be a plus for residents there
Anyone got the floor plan for this Leedon Residence ?
40 units sold, average SP $2000psf.
Cheap in current context, considering ulu places like eco selling so high psf.Originally Posted by Ringo33
From BTOriginally Posted by Ringo33
MALAYSIAN tycoon Quek Leng Chan's Singapore-listed property arm GuocoLand has sold about 40 units or 10 per cent of the total 381 units in its freehold Leedon Residence condo in the Holland Road area, BT understands.
It began a private preview of the project in mid-August at an average price of $2,000 per square foot. The developer is not offering any discount or stamp duty absorption.
For the preview, GuocoLand has released 70 units - mostly three and four bedders.
The 12-storey development will comprise 11 blocks.
Leedon Residence's architectural design, landscaping and interior design are handled by SCDA. Units will be fitted with Smeg kitchen appliances.
Leedon Residence will not have any one-bedders. It will have around 60 two-bedroom apartments, generously sized at around 1,050 sq ft each and priced at $2.4 million and upwards.
The vast majority of units in the development will be three and four-bedders.
Typical unit sizes are around 2,100 sq ft for a three-bedroom apartment and 2,700 sq ft for a four-bedder. On the ground floor, though, four-bedders are much larger (4,600-5,900 sq ft), each with a private pool and garden. Pricewise, three bedders start from $3.7 million and four bedders, from $4.7 million.
Leedon Residence will have four penthouses - all triplex units of about 7,000 sq ft, spanning the 11th and 12th levels as well as the roof terrace. Each penthouse will have five bedrooms. These units have yet to be released and are expected to be priced on application.
The project, which is expected to be completed in 2014, will have a 200-metre long "forest walk" of mostly rain trees. GuocoLand will also conserve over a dozen yellow flames on the perimeter of the development. CBRE and DTZ are marketing the project.
Of the 40 units sold, around 70 per cent are said to have been picked up by Singaporeans. Singapore permanent residents of various nationalities are thought to have bought 15 per cent of the sold units, with the remaining 15 per cent purchased by Indonesians (who are not PRs here).
GuocoLand is developing Leedon Residence on the former Leedon Heights site which it clinched through a collective sale in 2007 for $835 million, or $1,062 per square foot per plot ratio inclusive of development charges. A back-of-the-envelope calculation suggests the breakeven cost for Leedon Residence is around $1,500-1,600 psf. Assuming a $2,000 psf selling price on a project-average basis, the pretax profit from the development would be around $420-520 million.
Next door, at the 99-year leasehold d'Leedon project being developed by a CapitaLand-led consortium, 10 units were sold in July at a median price of $1,527 psf, according to developers' sales stats filed with Urban Redevelopment Authority (URA).
Along Bukit Timah Road, GuocoLand is at an advanced stage of construction for Goodwood Residence, with 134 of the project's 210 units sold as at end-July based on URA stats. GuocoLand has achieved an average price of around $2,500 psf for Goodwood Residence. The first phase of the development is slated to receive Temporary Occupation Permit towards the end of this year, followed by the second phase next year.
15% foreigners buyer, not too bad. At $2000psf, FH, non shoebox development, I think D'Leedon is going to have problem selling those big units.
$2000 psf is a good price for Guoco land... considering that all units are huge, to be able to command such hihg psf prices not bad for the developer indeed...
3 bedder close to 4m ok..... dont pray pray
Originally Posted by leesg123
I bought a 3 Bedder at eCO on launch day for $1188 psf after 16+2% discount.
But now FEO drop the discount and increase the selling price psf.
Probably suitable for own stay only. Hard to have enough rental to justify that price tag.
LEEDON RESIDENCE 6 Leedon Heights #03-05 1 248 Strata 5,854,338 23606 2193 PSF 02-OCT-2012 Condominium Freehold Uncompleted New Sale Private 10 26 266215 Central Region Bukit Timah
yes i worked it out, hopefully can get 3.5% returns. but have upcoming projects in that area , that will hopefully use eCO prices as a benchmarkOriginally Posted by kane
Guocoland said in its results release that 61 out of 90 launched units sold.
another 26 sold in sep at 1898psf median bringing total sold to 52. according to the results announcement few days ago, that implies another 9 sold in oct.