2/3 of 17 Leedon Park being sold for about S$43m

Singapore

TWO-THIRD of a sprawling 46,879 sq ft freehold site in the Leedon Park Good Class Bungalow (GCB) Area which was put on the market last September, is being sold.

BT understands that the owner of 17 Leedon Park has made an application to the authorities for the site to be subdivided into two plots - the larger of which will be 31,211 sq ft and for which an option to purchase was granted earlier this year. The price is around S$43 million, which works out to S$1,380 per square foot on land area. The sale is subject to the subdivision approval being granted.