With Guocoland’s Goodwood Residence and Leedon Residence, the key to local property buyers heart seems to lie on TOP, the Temporary Occupation Permit, with both developments having had a rise in enquiries upon the issuance of the permit by the Build Authority. In the current market conditions, homebuyers have decided to stick to the true and tested method of choosing a home – with their own eyes.
Of the projects, Leedon Residence saw a rise in enquiries about the project and recorded sales of 24 units the last six weeks, worth more than $110 million in transaction value. To date, 80% of all units have been sold with three- and four- bedroom units garnering the most interest.
“Moving forward, TOP developments are likely to see a much greater interest as prospective buyers are able to examine the quality of the finishes and construction up close, experience the property first-hand, as well as select the exact unit best suited to their needs” said Alan Cheong, Senior Director (Research & Consultancy) of Savills.
Build on a sprawling five hectare land with generous living space amidst the comforts and tranquillity of a modern day resort, the Leedon Residence is a freehold 381-unit luxury condominium situated in District 10’s Good Class Bungalow enclave.
Comprising two to five bedroom apartments, penthouses, sky suites and garden suites ranging from 1,044 sq ft to 7,718 sq ft, the Garden and Sky Suites come equipped with private pools, and three storey Penthouses with additional private express lifts and sky gardens. At the four and five bedroom apartments and penthouses, the ceiling also goes up to 6m, offering a spacious and luxurious feel to the residence.
In addition to amenities such as swimming pools, gymnasium, tennis courts and communal spaces, greenery is also well integrated with the unique 200-metre Forest Walk, recreational gardens, water courts and lush landscaping at every corner of the project.
Reminiscent of the bold and innovative architecture and design found at The Marq, internationally-acclaimed architect Chan Soo Khian of SCDA Architects has also created special outdoor rooms found in each abode to enable residents to enjoy their very own private piece of nature from the comforts of their own homes. Serving as an extension of the living space into the outdoors, the tranquil spaces that both the exteriors and interiors of the development offer was designed with a holistic approach in mind, with the architect also managing multiple disciplines ranging from site planning, architecture, landscaping to the interior design, lightning and vanity fittings, amongst others.
More than just another luxurious project, it also offers a much coveted address, surrounded by some of Singapore’s most coveted GCBAs such as like Leedon, Cornwell, Belmont and Holland Park, and close to popular retail and food and beverage enclaves such as Holland Village, Dempsey Hill, and Orchard Road. For the 70% of the buyers, who are Singaporeans, being minutes away from prestigious schools such as Raffles Girls’ Primary School, Nanyang Primary School, Hwa Chong Institution, National Junior College and Saint Margaret’s Secondary School was probably another key factor that attracted the families to settle for Leedon Residence.
The rest of the units will continue to be progressively released for sale by Guocoland, including two, three and four bedroom units, as well as three-storey penthouses.