S$15.8 million deal at Leedon Residence tops Q2 resale gains with seller earning S$3.3 million profit
Executive condos remain the most profitable by percentage, with sellers reaping profits of up to 143%
[SINGAPORE] A 8,051-square foot (sq ft) unit at Leedon Residence was sold for S$15.8 million in June, earning the seller a tidy S$3.3 million in profit after eight years. This made it the most profitable resale transaction by quantum in the second quarter of 2025.
The first-floor unit at the freehold luxury condominium in the prime District 10 was bought for S$12.5 million, or S$1,553 per square foot (psf), back in February 2017, according to data crunched for The Business Times by real estate consultancy Cushman & Wakefield. On a psf basis, the unit went at SS$1,962 psf in June 2025.
With a holding period of 8.4 years, the annualised profit works out to 2.8 per cent, with the seller’s gross gain amounting to about 26 per cent.
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