PropNex Picks
|June 19,2024Mega Condo In Holland Booked Gains Of More Than $540,000 On Average In May
Share this article:
A core city centre condo project in District 10 - D'Leedon - chalked up average resale gains of more than $540,000 across seven resale transactions in May. The top 10 most profitable projects in the month of May were varied, with developments located around the island, based on URA Realis caveat data analysed by PropNex Research.
First, some details about the methodology which entails a comparison of sales caveats. The gains garnered for the units were derived by matching the condo resale transactions in May with their previous purchase prices according to caveats lodged. The average profit was subsequently computed on a project basis. To minimise sampling errors, resale condominium projects that posted fewer than five transactions during the month are excluded from the study.
Suburban condos top list of most profitable projects in May
The resale market lost some momentum in May, with over 800 condo units worth $1.7 billion being resold during the month compared with the previous month, which saw over 1,100 resale transactions valued at nearly $2.2 billion being done. In May, the top 10 most profitable projects had average profits ranging from $308,000 to $570,000. By a ranking of the average profit, seven projects are in the Outside Central Region (OCR), two out of the top 10 projects are in the Rest of Central Region (RCR), with only one project in the Core Central Region (CCR).
Top 10 Resale Condo projects^ in terms of average gross profit*
| Project Name | No. of transactions | Average Gains ($) | Average Annualised Gains (%)# | Year completed | Region |
| D'LEEDON | 7 | $540,553 | 3.9% | 2014 | CCR |
| THE MINTON | 11 | $505,589 | 4.9% | 2013 | OCR |
| THE PALETTE | 5 | $469,884 | 6.1% | 2015 | OCR |
| SEASIDE RESIDENCES | 5 | $424,725 | 3.7% | 2021 | OCR |
| JEWEL @ BUANGKOK | 5 | $420,650 | 3.4% | 2016 | OCR |
| PARC ESTA | 8 | $413,861 | 6.4% | 2022 | RCR |
| Q BAY RESIDENCES | 6 | $397,041 | 2.8% | 2016 | OCR |
| HIGH PARK RESIDENCES | 7 | $389,286 | 5.7% | 2019 | OCR |
| JADESCAPE | 6 | $316,617 | 5.3% | 2022 | RCR |
| TREASURE AT TAMPINES | 17 | $308,392 | 5.9% | 2023 | OCR |
Source: PropNex Research, URA Realis
^projects with fewer than 5 transactions in the month are excluded from this analysis
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1
Analysis was done based on available data from URA Realis
Most of the projects that made the top 10 list are developments that have desirable locational or physical attributes, such as being in a central location (D'Leedon, Jadescape), close to an MRT station (Jewel @ Buangkok, Parc Esta), or are recently completed developments (Seaside Residences, Treasure at Tampines).
Here are some details about the top 10 projects in May 2024:
D'LEEDON
Details
Location: Leedon Heights
Postal District: 10
Tenure: 99-year leasehold
Nearest MRT: Farrer Road (600 metres)
Year of Completion: 2014
Summary
D'Leedon is a mega condominium development located within the prime District 10. The massive 1,715-unit development, completed in 2014, was redeveloped from the former Farrer Court estate by CapitaLand. The project is known for its contemporary wavy silhouette designed by internationally-renowned architect Zaha Hadid. At over 36-storeys high, D'Leedon is one of the tallest developments in the surrounding low-rise estate, giving residents unrivalled views over the nearby Botanic Gardens and the Bukit Timah Nature Reserve. Facilities include two large swimming pools, children pools, two clubhouses, and outdoor fitness facilities. It is also a short drive from the lifestyle commercial clusters of Dempsey Hill and Holland Village, with a myriad of dining and nightlife options. D'Leedon is 5 minutes' walk from the Farrer Park MRT station on the Circle Line, offering an easy commute to the city as well as to one-north. The development is also well-connected to the rest of the city via major roads and expressways such as the PIE and Ayer Rajah Expressway (AYE).
D'LEEDON Transactions in May 2024
| Floor/Unit | Resale Price ($) | Area (SQFT) | Unit Price ($ PSF) | Gains from previous caveat ($) | Purchase date | Annualized Gains (%) |
| #06-XX | 2,650,000 | 1,249 | 2,122 | 832,070 | May-12 | 3.2% |
| #20-XX | 2,441,800 | 1,195 | 2,044 | 691,800 | Sep-20 | 9.7% |
| #21-XX | 3,980,000 | 1,981 | 2,010 | 638,400 | Jan-13 | 1.6% |
| #16-XX | 2,380,000 | 1,173 | 2,029 | 575,900 | Dec-10 | 2.1% |
| #10-XX | 2,100,000 | 1,012 | 2,075 | 450,000 | Explore Your Options, Contact Us to Find Out More!
Selling your home can be a stressful and challenging process, which is why
it's essential to have a team of professionals on your side to help guide you through the journey. Our
team is dedicated to helping you achieve the best possible outcome when selling your home.
Find Your Ideal Property: Take the First Step and Indicate Your Interest!More Property PicksDiscover New Launch Projects
Appointed Marketing Agency:
PropNex Realty Pte Ltd - Licence No: L3008022J Patrick Ko | R060001Z Privacy PolicyQuick Links
|
We Use Cookies