S$14 million Leedon Residence deal nets S$5.2 million profit, tops Q1 resale gains
ECs among top percentage gainers with profits of 130%-140%; biggest losers suffer losses of up to S$1.9m
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[SINGAPORE] A massive 4,704-square-foot (sq ft) unit at Leedon Residence was sold for S$14 million in February, earning the seller a cool S$5.2 million in profit – making it the most profitable transaction by quantum in the first quarter of 2026.
The five-bedder at the freehold luxury development in prime District 10 was bought for S$8.8 million, or S$1,871 per square foot (psf), back in February 2017, data crunched for The Business Times by real estate consultancy Cushman & Wakefield showed. On a psf basis, it went at S$2,976 psf in February 2026.
Based on a holding period of nine years, the annualised profit works out to 5.3 per cent, with the seller’s gross gain amounting to about 59 per cent.
