Leedon Green has set a new benchmark in the luxury property market, achieving a record high price of $3,475 per square foot during a recent sub-sale. This notable milestone occurred between March 7 and 14, 2024, when a 1,496 square foot, four-bedroom unit was sold for an impressive $5.2 million. This transaction not only highlights the escalating value of premium real estate in the area but also eclipses the previous high of $3,471 psf set just two months earlier in January 2024.
The recent sale at Leedon Green reflects a robust demand for luxury properties, with the sellers realizing a profit of approximately $1.21 million. Such returns indicate a flourishing market for upscale residences, where buyers are willing to invest significant sums for exclusive living spaces.
The allure of Leedon Green is underscored by its modern architectural design and strategic location. Completed in 2023, the development consists of seven elegant 12-storey blocks, housing a total of 638 units. This combination of scale and luxury makes Leedon Green a desirable address for discerning buyers.
In the broader context of the luxury condo market, the average selling price at Leedon Green over the past year has hovered around $2,946 per square foot. This statistic signifies a healthy appetite among buyers, particularly in a market that has seen consistent activity and investment.
The rapid appreciation in property values within the development is indicative of growing confidence in the luxury segment, as both local and foreign investors seek to capitalize on potential returns. The record-setting price per square foot also serves as a crucial indicator of market trends.
As buyers increasingly gravitate towards high-end properties, developments like Leedon Green are likely to attract further attention from affluent clientele. The recent transaction not only emphasizes the desirability of this particular property but also positions it as a benchmark for future sales in the luxury market.
Investors and potential homeowners alike may now look to Leedon Green as a model for high-value real estate investments. Furthermore, the implications of this sale extend beyond just the immediate financial returns for the sellers.
It showcases the potential for appreciation in property values, enticing more buyers to explore the luxury condo market. As the demand for premium living spaces continues to rise, it is expected that other developers might follow suit, striving to meet the heightened expectations set by Leedon Green.
NEW CONDO LAUNCH: RIVER GREEN
River Green is an exciting new luxury condo development in Singapore, offering a range of modern one to four-bedroom units designed for upscale living.
With state-of-the-art amenities such as a swimming pool and fitness center, River Green caters to diverse buyers seeking a vibrant lifestyle.
The project is strategically located near transport links and popular dining options, making it an attractive investment.
For detailed River Green project information, including floor plans and pricing, interested buyers can view the River Green E-brochure.
View River Green Showflat & Get VVIP Discount. Register or contact 6100 8822 to book showflat appointment.
News Source: Edgeprop
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