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%
Add BT as a preferred source
[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.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Rare brutalist Singapore house opens to the public before changing hands
