Vincent Ong 6598531741

Resale unit at Leonie Gardens reaps $1.8 mil profit

The seller of a unit at Leonie Gardens made the top gain of $1.83 million over the week of June 26 to July 2. The 1,733 sq ft, three-bedroom unit on the 14th floor was bought for $860,000 ($496 psf) in July 2005 and sold for $2.69 million ($1,551 psf) on July 2. The seller made a 213% profit, or an annualised profit of 9% over 14 years.

Located in prime District 9, Leonie Gardens was completed in 1993 and comprises 138 99-year leasehold units. It is nine minutes by foot to the upcoming Great World MRT Station on the Thomson-East Coast Line, which is expected to be completed in 2021.

– July 12, 2019

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