Leedon Green has topped the list of private condos that achieved a new psf-price high from March 7 to 14. The new peak of $3,475 psf came from the sub-sale of a 1,496 sq ft, four-bedroom unit for $5.2 million on March 7.
The sellers of the seventh-floor unit had purchased it from the developer for about $3.99 million, or $2,665 psf, in June 2020. Thus, they made a profit of around $1.21 million.
The latest transaction narrowly surpasses the project’s previous record price of $3,471 psf. The former record came from the developer’s sale of a 1,356 sq ft, three-bedroom apartment for $4.71 million in January last year.
The new high of $3,475 psf at Leedon Green comes with the sale of a 1,496 sq ft unit for $5.2 million on March 7 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Leedon Green was completed in 2023. The freehold development comprises seven 12-storey blocks, with a total of 638 units. The residences include a mix of one- to four-bedroom apartments, ranging from 474 sq ft to 2,680 sq ft.
Located along Leedon Heights in District 10, the development is within close proximity of 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 projects in the Farrer Road area, Leedon Green commands the highest average selling price over the last 12 months at about $2,946 psf, compared to nearby developments such as Leedon Residence ($2,724 psf) and Hyll on Holland ($2,766 psf).
The project that clocked in the second highest psf-price high during the period in review was 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.
The sale marks the first time a unit sold at the development has crossed the $2,500 psf threshold. The seller, who bought the ninth-floor unit in November 2012 for $5.44 million ($2,500), netted a gain of about $415,000.
The new psf-price high at Volari comes with the sale of a 2,174 sq ft, four-bedroom unit for $5.85 million on March 13 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
By absolute price, the most expensive unit to be sold at Volari was a 6,168 sq ft, penthouse unit for $10 million ($1,621 psf) in December 2012.
Completed in 2012, the development comprises 85 units, with a mix of two- to four-bedroom apartments, ranging from 1,324 sq ft to 2,745 sq ft. It also has three penthouse units from 3,950 sq ft to 6,168 sq ft.
Located in prime District 10, Volari is within a four-minute walk of Balmoral Plaza and is in close proximity to Anglo-Chinese School (Primary).
Rounding up the top three, Urbana 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.
Based on caveats lodged, the 31st-floor unit was purchased for about $1.8 million or $1,779 psf in August 2016. Thus, the seller gained $900,000 on the transaction.
Urbana reached a new psf-price peak of $2,668 when a 1,012 sq ft, two-bedroom unit sold for $2.7 million on March 12 (Photo: Albert Chua / EdgeProp Singapore)
The 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.
Completed in 2007, Urbana is a 126-unit freehold condo located along River Valley Close in District 9. The development comprises two- to four-bedroom units, ranging from 1,012 sq ft to 3,229 sq ft.
Nearby amenities include 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.
