Straits Times Report: 48 units sold at preview for d'Leedon condo
By Cheryl Lim
Sales d'Leedon got off to a modest start over the weekend, with 48 units sold at a preview launch ex-owners of Farrer Court.
The units that were on offer ranged from one- to three-bedroom apartments. They were priced at an average of $1,680 per sq ft (psf).
CapitaLand yesterday said owners from 266 Farrer Court units visited the show gallery over the weekend. The developer will begin public sales of the condominium on Thursday.
A former resident of Farrer Court, who declined to be named, felt the sale prices of d'Leedon were 'a little on the high side' for a 99-year leasehold project.
He said that units at nearby Waterfall Gardens, a new freehold development, were being sold at a comparative price.
Still, he bought a $1.9 million three-bedroom unit at the d'Leedon.
'Two of my neighbours also felt (prices were a bit high),' he told The Straits Times.
'But we bought (units in) this place for sentimental reasons; we've lived in the area for so many years... You can't find other developments with these kinds of views.'
Another former resident, who gave her name only as Mrs Wong, purchased a studio apartment for slightly more than $1 million and said she felt prices were reasonable. 'It's not cheap but it's not expensive. Considering that the development looks quite nice and there is generous space offered, as well as the location and facilities, it's kind of a fair price to pay,' she said.
D'Leedon sits on a huge site of more than 840,000 sq ft, with 22 per cent of the land area being taken up by the 1,715 homes in the project.
The rest is slated for gardens, facilities such as two swimming pools and a gym, and retail outlets which could include restaurants, a laundromat and a clinic.
Buyers The Straits Times spoke to said they are confident the prices for units at d'Leedon will appreciate in the coming months.
* Source: Straits Times, edited.
