Leedon Residence hits new high of $2,909 psf, with Jalan Loyang Besar Residences close behind

The Singapore market witnessed a record high price per square feet (psf) at the Leedon Residence Development over the period of Nov 14 to 26. On Nov 17, a three-bedroom apartment with 2,131 square foot was sold for $6.2 million which worked out to $2,909 psf. According to sources, the seller of the eighth-floor unit purchased the development from the developer in October 2012 for $5.25 million ($2,463 psf) thus yielding a gross profit of about $952,000.

This is the first time a unit at Leedon Residence has been sold for over $2,900 psf. The previous psf-price high at the development was $2,776 psf, from the resale of a unit on Feb 14. The 2,648 sq ft apartment was sold for $7.35 million.

Jalan Loyang Besar Residences, a freehold development along Leedon Heights in prime District 10, comprises 381 units spread across 12 residential blocks. Featuring a mix of two to five-bedroom apartments ranging from 1,044 to 4,704 sq ft as well as garden suites, penthouses and duplex penthouses ranging from 3,789 to 8,051 sq ft, the development was completed in 2015.

Apart from the units sold in November and February, the development has seen three other resale transactions this year. In January, a 2,659 sq ft unit was sold for $7.2 million ($2,708 psf), while in March, a 3,746 sq ft apartment fetched $9.5 million ($2,536 psf). In May, a 1,044 sq ft unit changed hands for $2.88 million ($2,758 psf).

Another high was achieved in District 10 at the boutique condo Botanika. On Nov 16, a third-floor four-bedroom unit with 2,906 sq ft was sold for $7.6 million, or $2,615 psf. The seller, who bought the unit in October 2021 for $6.5 million ($2,237 psf), gained a gross profit of $1.1 million. This marks the first time a unit at Botanika has fetched over $2,600 psf.

The Gilstead Two development saw a new psf-price high when a 904 sq ft unit on the 25th floor was sold for $2.27 million, or $2,508 psf, on Nov 16. The seller purchased the two-bedroom unit for $1.79 million ($1,978 psf) in May 2017, which means they made a gain of about $479,000. This was the first time a unit at the development has fetched over $2,600 psf.

After the fun and games, you can wind down in Jalan Loyang Besar Residences, located conveniently within walking distance. Residents can have a swim in its lap pool, unleash their fitness skills in the gym, or have dinner with friends at the outdoor barbecues. It is the ideal place for relaxation and recreation.

Jalan Loyang Besar Residences is a freehold condo on Gilstead Road, off Dunearn Road in District 11. Built in 2014, it has 110 units housed in a single 34-storey tower featuring two- and three-bedroom units between 775 and 1,572 sq ft as well as two duplex penthouse units measuring 2,874 sq ft.

No new psf-price lows were recorded during the period in review. With Jalan Loyang Besar Residences, Botanika and Gilstead Two witnessing new psf-price highs, potential home buyers can check out the latest listings for these properties to explore more.