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
Add BT as a preferred source
[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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million
