Will these luxury condos be making any price changes?

by wanpingyau 13 Jun 2014

Located along Leedon Heights in District 10, the two projects – Leedon Residences and d’Leedon – situated right across each other and are only a five-minute drive from Orchard Road.

Leedon Residence offers 381 units ranging from 1,044 sq ft two-bedders to 8,000 sq ft penthouses. Leedon prices start at $2.2 million for two-bedders and the project is expected to be completed in 2015.

On the other hand, d’Leedon, features over 1,700 units, with sizes ranging from 592 sq ft for a one-bedroom apartment to garden villas of over 8,000 sq ft. Prices start from $1.3 million for the one-bedders to $7.7 million for the villas. The seven building compound is expected to be completed this year.

As of April 2014, data show that Leedon Residence still has 100 units on the market and d'Leedon has 268 launched but unsold units.

While majority of the units at both projects have already been snapped up, the unsold stock may face a tough time as the government’s various cooling measures start to bite. 

According to DTZ date sales of luxury condos have plunged by more than 60 percent over the same period last year.

Will any of them be making any price changes to attract buyers?

Photo source: http://previewcf.turbosquid.com

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