Sales Status: d'Leedon, Spottiswoode Residences & Waterview

By The Folks @PropTalk - November 29, 2010 4 Comments

During the weekend, CapitaLand sold 48 units at d’Leedon – where Farrer Court used to be – for an average of $1,680psf. It previewed the project only to former Farrer Court owners and 266 households visited the show gallery.

Units sold included one+study, two- and three-bedder units. The former residents were able to choose from 200 units of various sizes across all floors in two towers.

The 99-year leasehold d’Leedon will have 1,703 apartments spread over seven towers and 12 semi-detached houses. Official sales will start this Thursday.

Spottiswoode Residences
UOL Group has sold a total of 252 units out of 320 launched at the freehold Spottiswoode Residences. Selling prices ranged from $1,720 to $2,270psf.

Sales at the project near Tanjong Pagar have been brisk. It was first launched about two weeks ago and 130 units were taken up during a three-day preview, out of 150 released then. The highest price achieved for those 130 units were $2,150psf.

A UOL spokesman said sales of the three-bedroom units were good and almost all of the development’s seven penthouses have been sold.

Over at Tampines, Sim Lian Group has sold 375 units at Waterview at an average price of $838psf. It has launched 500 units in the 99-year leasehold project so far.

Sales have risen from last Monday, when the developer said that it sold 332 units.


4 comments to ''Sales Status: d'Leedon, Spottiswoode Residences & Waterview"

  1. hello,
    how do you view d'leedon. You think they will be able to sell all their 1700 units? Although there are 2 exits and supposedly only about 22% of land area used...

    Do you think a 2 bedroom would be a good investment?

    Your opinions would be appreciated.

  2. Hello Anonymous (Nov 29), the wife and I believe that they will be able to sell all 1715 units...eventually. The project will be launched in phases and not expected to TOP till 2015, so the developer still have time on their side.

    Our opinion of d'Leedon is that it is... expensive. And seems like we aren't alone - even those who have bought units in the project felt that prices are on the high side (as reported in the ST yesterday). Neighbouring project like Waterfall Gardens (across the road and freehold) is selling at comparative prices.

    But then again, one can always argue that d'Leedon has 2 exits, only 22% of land used for homes and building designed by a world-renowned architect... :)

  3. Hi, what is your review of Spottiswoode u think it's a good investment? tks

  4. Hi Anonymous (Jan 11): Unfortunately we have not seen Spottiswoode Residences yet, but we will not buy into it for investment - At an average price of over $1,850psf, we do find it a tad expensive even with its freehold status and location. However, there will be at least 258 people who will disagree with our opinion - this was the total number of units already sold as of Nov 2010 out of the 300 units that were released. :-)