Leedon Green sees record high of $3,387 psf

March 3, 2023

Leedon Green has taken the top spot as the project with the highest record psf-price high during the week of Feb 10 to 18. The freehold project has frequently topped the chart since it was launched slightly over three years ago.

This time, Leedon Green reached a new psf-price high when a 1,496 sq ft, four-bedroom unit on the sixth floor was sold by the developer for $5.07 million ($3,387 psf) on Feb 17. The previous record had been set by the sale of a 1,356 sq ft, three-bedroom unit on the 10th floor for $4.45 million ($3,282 psf) on Jan 9.

Leedon Green is jointly developed by MCL Land and Yanlord Land Group. The 638-unit project occupies a prominent freehold site on Leedon Heights in prime District 10. The entire development consists of seven 12-storey blocks.

The project’s prime location in the Farrer Road area puts it in close proximity to upmarket neighbourhoods and Good Class Bungalow (GCB) areas such as Cornwall Gardens, Gallop Road/Wollerton Park, and Holland Park.

It is also close to the numerous F&B options and entertainment spots in Holland Village, as well as Holland Village MRT Station on the Circle Line.

Among the uncompleted projects in the Farrer Road/Holland Road area, Leedon Green commands the highest average selling price at about $2,838 psf, compared to nearby new projects such as Wilshire Residences ($2,724 psf) and Hyll on Holland ($2,699 psf). According to the latest developer sales data, Leedon Green is about 82% sold as of end-January.

The project that clocked in the second highest psf-price high during the period in review was Hyll on Holland, a freehold development on Holland Road. A 936 sq ft, three-bedroom unit on the 12th floor fetched $2.83 million ($3,017 psf) on Feb 18, the first time prices crossed $3,000 psf at Hyll on Holland. The previous psf-price high involved the sale of another 936 sq ft unit on the 11th floor for $2.78 million ($2,971 psf) on Dec 3, 2022.

The most expensive unit sold, in terms of absolute price, at Hyll on Holland is a 1,055 sq ft unit on the 10th floor that was transacted for $3.02 million ($2,862 psf) on Feb 2.

More at: https://www.edgeprop.sg/property-new...-high-3387-psf