As the District 10 project nears completion, this is a once-in-a-lifetime opportunity to purchase the final units - Lumina Grand EC at Bukit Batok West Ave 5 By CDL (Hot Launch 2023/24)

Lumina Grand

For property investors and buyers District 10 is one of the most sought-after addresses in the market for residence properties. In addition to being near the city’s center District 10 is also home to many amenities and top-quality schools, and is also close to the main hubs of lifestyle such as Orchard Road, Holland Village and Dempsey Hill.

It’s not surprising that new homes built in this coveted district of the Core Central Region (CCR) remain highly sought-after. While the demand is increasing however, the number of new homes in the CCR is becoming scarce, due to a lack of new launches. This is particularly true of freehold properties which are becoming difficult to acquire.

The scarcity of homes is what has made Leedon Green, a freehold condominium development, more sought-after. It is located in the highly sought-after Leedon Heights area, it is a great chance for buyers with the right skills to purchase an investment property within this highly sought-after district.

Lumina Grand EC is a positive sign for its residents, providing not only accommodation but also an outstanding lifestyle rich in amenities and connectivity.

The development of 638 units, which is only eight minutes away distance from Farrer Road MRT Station, is being developed by reputable real estate developers, MCL Land and Yanlord Land. The project received a lot of attention after its debut in January of 2020 and was the top-selling freehold condo development district 10 over three straight years between 2020 until 2022. The project has sold more than 95% the units it has sold – testimony to its massive popularity with purchasers.

Leedon Green is targeted to be granted a temporarily-issued occupation permits (TOP) before the end of December 2023. Due to its tenure as a freehold, desirable location, and near-completed status adding to its attractiveness Buyers who are looking for a home should not pass up the chance to purchase one of the remaining units in this highly sought-after project. Owner-occupiers have the benefit of being able to relocate to their dream residence in the near future, while investors will soon be ready to start earning rent from their property.

This final phase is comprised of one-plus-study homes ranging between 538 and 689 sq ft., and two-bedroom units that range from 614 to 710 square feet. The prices start from $1.608 million, and $1.943 million, respectively. The price is palatable considering the area of the development and freehold status. “From the perspective of a quantum the starting prices of Leedon Green’s one and two-bedroom apartments are among the most appealing of the CCR,” says Dominic Lee director of the luxury division in PropNex Realty.

Eugene Lim, ERA Realty Network’s chief executive officer is of the same opinion and says that the median the prices of these apartments in Leedon Green remain within the “sweet area” in the range of $2.5 million that the majority of buyers and investors feel happy with. There is also an exclusive three-bedroom unit that is for sale. The 1,356 square feet unit is equipped with private access to a lift and is the only three-bedroom home that is available for sale, which makes it an ideal chance for families and buyers looking for a big-format space.

A snazzy idea
In addition to enhancing the appeal of Leedon Green is the fact that the market for homes has witnessed a dramatic shift over the last year as the price gap between Leedon Green and the CCR as well as other areas reducing.

For the Rest of Central Region (RCR) Recent launches have always set new benchmarks for prices. Since the beginning in the new year prices for new projects across the RCR have been between $2,464 to $2,734 per square foot Based on caveats filed by July 24, 2023.

As a comparison, the average prices of units sold in Leedon Green in 2023 stood at $2,746 per square foot. Additionally, the development has an offer for a pre-TOP Special Promotion the duration of a few days, when the units being sold are priced as low as $2,429 per square foot. This makes for a highly attractive offer, as buyers can purchase a brand new freehold property in the coveted CCR area for prices that are that are comparable to homes that are located in the RCR. Furthermore, when compared to the recent launches, buyers will be able to receive access to the new residence faster because Leedon Green is on the verge of the point of completion.

If they are able to enter the market at the right moment buyers can take advantage of the long-term price growth anticipated in the CCR and be supported by strong fundamentals in the market. This is also in the case of rental prospects as well, with the ERA’s Lim noting that nearby developments such as D’Leedon or Leedon Residence are already commanding median rents of $5.83 per month, at the time of 1H2023, a 10% more than the entire District 10. “Leedon Green is well-positioned to be able to charge a comparable or even higher rent as soon as it’s ready to be occupied,” he opines.

Additionally, when you consider Leedon Green’s vast land-lot of over three hectares, and its large number of units, this bodes well for a robust resales market to develop in the near future.

High-quality homes of the highest quality
The two-bedroom and one-plus-study units located at Leedon Green offer meticulously designed homes that are thoughtfully designed to combine the best of both worlds. With efficient layouts, they have ceilings that double that reach as high as 6m in the dining and living spaces, which create a stunning feeling of space and grandeur.

These high ceilings in condos are expected to be rarer as time goes forward in the wake of a circular from URA on the harmonisation and standardization of floor area definitions which came into force in June, making the units at Leedon Green a precious find.

Furthermore, those who purchase Leedon Green can indulge in an exquisite home that has been fitted out with the most luxurious fixtures and finishes. This includes imported marble tiles for the master bath and Antonio Lupi sanitary wares that come from Italy, Axor and Hansgrohe fittings for sanitary purposes from Germany as well as an Ernestomeda set of kitchens from Italy as well as V-Zug kitchen appliances made in Switzerland and the Liebherr refrigerator from Germany. These top brands guarantee that customers can experience the best quality and craftsmanship within their homes.

PropNex’s Lee believes that the top design as the most distinctive aspect of the project. “There’s an incredibly few projects in this price range which offers the same level of amenities,” he asserts.

Overall it is one of the most successful projects in District 10 over the last few time, Leedon Green is a extremely popular project for both investors and homebuyers alike. With the project getting closer to being completed, the chance to purchase the few units that are available is not to be missed.