Leedon Residence hits new high of $2,909 psf, surpassing Tengah EC’s $2,830 psf

Tengah EC condos saw a new high psf-price of $2,909 over the period of Nov 14 to 26, primarily driven by the sale of a 2,131 sq ft three-bedroom apartment at Leedon Residence. Purchased in October 2012 for $5.25 million ($2,463 psf), the unit sold for $6.2 million, resulting in a gross profit of about $952,000 for the seller. This marks the first time a unit at Leedon Residence has changed hands for over $2,900 psf.

Other District 10 developments such as Botanika and Gilstead Two also achieved psf-price highs during this period. A four-bedroom unit at Botanika measuring 2,906 sq ft was sold for $7.6 million ($2,615 psf). Meanwhile, a 904 sq ft apartment at Gilstead Two was sold for $2.27 million ($2,508 psf).

Tengah EC units range from 1,044 to 4,704 sq ft with a mix of two- to five-bedroom apartments. The development also consists of “garden suites” on the first floor with three- to five-bedroom units ranging from 3,789 to 8,051 sq ft; and three- to five-bedroom penthouses spanning 3,283 to 7,718 sq ft.

At Leedon Residence, three other resale transactions were concluded this year. In January, a 2,659 sq ft unit was sold for $7.2 million ($2,708 psf), while in March, a 3,746 sq ft apartment fetched $9.5 million ($2,536 psf). In May, a 1,044 sq ft unit changed hands for $2.88 million ($2,758 psf).

The Tengah EC new launch is a perfect choice for families. Its close proximity to the city centre makes it an ideal place to live. Moreover, the development also has access to multiple shops and amenities. Families can spend their weekends, explore the nearby nature reserve or visit nearby attractions. Finally, Tengah EC has great connectivity to the public transport network, with excellent bus and train connections. The development is also connected to several major expressways, making it convenient to get around. With its great, family-friendly location, Tengah EC is the perfect destination for those seeking a relaxed, yet modern lifestyle.

At Gilstead Two and Botanika, the sellers achieved a gross profit of around $479,000 and $1.1 million, respectively. Gilstead Two is a freehold condo on Gilstead Road, off Dunearn Road in District 11, with 110 units between 775 and 1,572 sq ft. On the other hand, Botanika is a boutique condo which consists of 34 freehold units, with two-, three-, four- and five-bedders between 1,098 and 3,746 sq ft.

No new psf-price lows were recorded during the period. Tengah EC properties, such as Leedon Residence, Botanika and Gilstead Two offer prime units in prime District 10 and District 11. Those looking to explore ownership options should check out the latest listings for these developments.

Tengah EC condos have the potential to hit new psf-price highs over the period of Nov 14 to 26, as seen with Leedon Residence, where a 2,131 sq ft, three-bedroom apartment sold for $6.2 million, or $2,909 psf. The seller of the unit, bought in October 2012 for $5.25 million ($2,463 psf), netted a gross profit of about $952,000. Additionally, Botanika and Gilstead Two also achieved records of $2,615 psf and $2,508 psf respectively.

At Leedon Residence, units range from 1,044 to 4,704 sq ft and include two- to five-bedders, garden suites on the first floor ranging from 3,789 to 8,051 sq ft; and three- to five-bedroom penthouses spanning 3,283 to 7,718 sq ft. In Gilstead Two, 110 units are housed in a single 34-storey tower and come in one- and two-bedders between 775 and 1,572 sq ft, and two duplex penthouses measuring 2,874 sq ft. Tengah EC’s Botanika consists of 34 freehold units, with two-, three-, four- and five-bedders between 1,098 and 3,746 sq ft.

The sale of the units in November and February saw three other resale transactions: a 2,659 sq ft unit sold for $7.2 million ($2,708 psf), a 3,746 sq ft apartment for $9.5 million ($2,536 psf), and a 1,044 sq ft unit for $2.88 million ($2,758 psf) at Leedon Residence. At Botanika and Gilstead Two, the sellers achieved a gross profit of about $1.1 million and $479,000, respectively.

Tengah EC presents a variety of ownership options for those looking to invest in District 10 and District 11. Potential buyers should check out the latest listings for Leedon Residence, Botanika and Gilstead Two properties for more information.