LEEDON 2
UrbanLens Analysis
LEEDON 2 commands $2,156 PSF -- 2% below what District 10 typically fetches ($2,197 PSF). Holland Village MRT sits just 91m away (1-min walk), a clear connectivity win. Against 19 NASSIM at $3,381 PSF, the 36% discount is worth examining closely.
Prices are up 7.5% over two years, reflecting genuine buyer interest without bubble-level exuberance. 5 transactions over two years is modest; the trend is directional, not definitive. For context, D'LEEDON has gained 10.0% over the same period.
Being freehold means zero lease-decay anxiety. Full CPF eligibility, maximum LTV, and a universally bankable asset. Gross yield of 2.8% tracks the CCR average of 3.0%. At $5,455/month median rent, income is market-rate -- neither a standout nor a weakness.
At 72 units, the development is mid-sized: adequate amenities, manageable maintenance pool, and reasonable resale velocity. In the Core Central region, buyers expect premium finishes and brand cachet -- any shortfall directly impacts resale velocity.
Nearby Comparables
| Development | Median PSF | Yield | 2Y Change |
|---|---|---|---|
| SKYE AT HOLLAND | $2,949 | — | 0.0% |
| UPPERHOUSE AT ORCHARD BOULEVARD | $3,309 | — | 0.0% |
| CUSCADEN RESERVE | $3,024 | 3.2% | -19.9% |
| D'LEEDON | $2,044 | 3.2% | +10.0% |
| 19 NASSIM | $3,381 | — | -2.1% |
PSF Trend
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