S$16 million deal at Leedon Residence tops Q1 gains with seller reaping S$4 million profit
Share of loss-making resale transactions inch down on resilient demand and strong household balance sheets
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[SINGAPORE] A 6,125 square foot (sq ft) unit at Leedon Residence was sold for S$16 million in March 2025, earning the seller a tidy profit of S$4 million – making it the most profitable transaction by quantum in the first quarter of 2025.
According to data crunched for The Business Times by real estate consultancy Cushman & Wakefield, the 11th-floor penthouse unit at the freehold luxury development in District 10 was bought in April 2017 for two-thirds of what it sold for – that is, S$12 million or S$1,959 per square foot (psf).
On a psf basis, the unit went at S$2,612 psf in March 2025.
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