Leedon Green hits new high of $3,133 psf

November 4, 2022



Among condominiums that hit a new psf-price high during the period of Oct 7 to 22, Leedon Green topped the list when a 700 sq ft, two-bedroom unit on the 11th floor was sold for $2.192 million, or $3,133 psf, on Oct 18.

The unit, which was purchased from the developer, beats the previous psf-price high logged in June when a 700 sq ft unit was sold for $2.156 million ($3,081 psf). It also marks the first time prices at the development crossed the $3,100 psf threshold.

Leedon Green is a freehold development located along Leedon Heights, off Farrer Road, in prime District 10. Jointly developed by MCL Land and Yanlord Land, it was launched in January 2020 and is slated for completion in 2023. There is a total of 638 units spread across seven 12-storey blocks. Units start from 474 sq ft for a one-bedroom apartment and 2,680 sq ft for a four-bedroom apartment.

Following Leedon Green’s launch in January 2020, 35 units were sold during the month at a median price of $2,782 psf. Since then, Leedon Green’s take-up rate has accelerated, accompanied by an increase in prices. In November 2021, prices at the development crossed the $3,000 psf threshold for the first time when an 818 sq ft unit was sold for $2.468 million ($3,017 psf). Since then, 12 other units have been sold at prices above $3,000 psf.

Based on caveats lodged, 478 units at Leedon Green have been sold to date, which translates to a cumulative take-up rate of about 75%.

One Devonshire is another development that saw a new psf-price high during the period in review, when a 1,195 sq ft three-bedder on the eighth floor changed hands for $3.25 million, or $2,720 psf, on Oct 11.

One Devonshire is a freehold condominium along Devonshire Road, close to Orchard Road in prime District 9. Developed by Allgreen Properties, it was completed in 2011. It has a total of 152 apartments housed in a single 36-storey tower. Units include a mix of two-, three- and four-bedroom apartments ranging from 904 to 4,876 sq ft.

Read more at: https://www.edgeprop.sg/property-new...-high-3133-psf