FREEHOLD | DISTRICT 10
Brief Project info for Leedon Green
|PROJECT NAME :||Leedon Green 绿墩雅苑|
|DEVELOPMENT ADDRESS :||26-38 Leedon Heights|
|DEVELOPMENT TYPE :||Residential|
|NUMBER OF UNITS :||638 Units (7 blocks of 12 storey)|
|TENURE OF LAND :||Freehold|
|PURCHASERS ELIGIBILITY :||All Nationalities|
|T.O.P DATE :||est 4Q 2023|
|SITE AREA :||Approx 320,000 sqft|
|PROPERTY DEVELOPER :||MCL Land & Yanlord|
|ARCHITECT :||DCA Architects|
|UNIT MIX :||1br (474-603sf) 49 units|
1+S (538-689sf) 96 units
2br (614-804sf) 274 units
2+S (818-926sf) 46 units
3br (958-1,163sf) 78 units
3+U (1,356-1,604sf) 34 units
4+U (1,496-1744sf) 56 units
4br Villas (2,400-2,680sf) 5 units
Leedon Green 绿墩雅苑
28-38 Leedon Heights, Singapore
High rise Residential Development
Number of Units:
639 Residential Units
Tenure of Land:
Estimate Dec 2023
Approximate 320,000 sqft
MCL Land & Yandlord
1br / 2br / 3br / 4br
Leedon Green Location Map
Joint Developers for Leedon Green
MCL Land, a subsidiary of HongKong Land Holdings Ltd and a leading residential developer that constantly innovates in the pursuit of excellence. As a premier and reputable property group, we are dedicated to delivering superior customer satisfaction and shareholder value growth.
Over the past 50 years, we have established a legacy of building quality homes in both Singapore and Malaysia. We are a member of the Jardine Matheson Group under HongKong Land Holdings, which has an extensive portfolio of prime residential properties in Hong Kong, Singapore, Malaysia, China, Vietnam, Philippines, Indonesia and Thailand.
Our notable developments include The Estuary, UBER 388, Este Villa, Terrasse, Palms @ Sixth Avenue, Hallmark Residences, Ripple Bay, J Gateway, LakeVille, Sol Acres, Lake Grande, Margaret Ville and Parc Esta.
Leedon Green is our latest development that encapsulates our commitment to provide quality homes which surpass the expectation of satisfied buyers.
Yanlord Land Group Limited (Z25.SI) is a real estate developer based in the PRC and Singapore focusing on the development of high-end fully-fitted residential, commercial and integrated property projects in strategically selected key and high-growth cities. Yanlord Land Group Limited was listed in June 2006 on the Mainboard of the Singapore Stock Exchange.
Since Yanlord Land’s foray into the PRC market in 1993, it has successfully developed a number of large-scale residential property developments in Shanghai and Nanjing with international communities of residents, such as Yanlord Gardens, Yanlord Riverside Gardens and Yanlord Riverside Gardens and Yanlord Riverside City in Shanghai and Orchid Mansions, Bamboo Gardens and Yanlord International Apartments in Nanjing.
The “Yanlord” name has been developed into a premium brand, synonymous with quality, within the property development industry of PRC. Currently, the Group has an established presence in 15 key high-growth cities within the six major economic regions of the PRC, namely, (i) Yangtze River Delta – Shanghai, Nanjing, Suzhou, Hangzhou and Nantong; (ii) Western China – Chengdu; (iii) Bohai Rim – Tianjin, Tangshan and Jinan; (iv) Southern China – Shenzhen, Zhuhai and Zhongshan; (v) Hainan – Haikou and Sanya; and (vi) Central China – Wuhan.
Yanlord Land has proactively extended its commercial property development projects, acquired a considerable number of land parcels for commercial use and has completed construction of retail malls, offices, hotels and serviced residence developments. These projects are expected to generate a stable rental income and increase the asset value for Yanlord Land.
Freehold Tulip Garden sold en bloc for $907m
PUBLISHED APR 13, 2018, 5:00 AM SGT
A joint entity of Chinese developer Yanlord Land Group and MCL Land has bought freehold Tulip Garden for $906.9 million – the second biggest collective sale this year.
The price is 20.4 per cent higher than the reserve of $753 million submitted by owners of the 316,708 sq ft estate completed in 1985.
Tulip Garden, comprising 162 apartments and maisonettes and two shop units, is in District 10 and close to Holland Village and a Good Class Bungalow area.
Each residential unit owner could get between $4.3 million and $7.6 million, depending on the size of the home – unit sizes range from 1,701 to 3,412 sq ft.
It is a case of fourth-time lucky for Tulip Garden owners. The development was actually sold in July 2007 during its first try, but the buyer – a consortium led by Bravo Building Construction – backed out after struggling to raise funds amid the developing financial crisis.
Bravo forfeited its 5 per cent deposit of $25.8 million, which the owners kept. Reports suggested at the time that they each stood to reap about $100,000.
This time the process should be far smoother.
Colliers International managing director Tang Wei Leng said: “Despite a spate of collective sale deals done in the Holland Road area in recent months and a large slate of redevelopment sites on the market, the tender for Tulip Garden still attracted very keen interest – a testament to its excellent locational attributes.”
The sale price works out to a land rate of $1,790 per sq ft per plot ratio (psf ppr). This is higher than recent collective sales in the area such as the $1,703 psf ppr for Hollandia, the $1,654 psf ppr for The Estoril and $1,536 psf ppr for The Wilshire.
The Tulip Garden site could yield up to 670 residential units with its plot ratio of 1.6, said Yanlord in a Singapore Exchange announcement after trading hours yesterday.
There is no development charge payable for redevelopment up to a gross plot ratio of 1.6, said Colliers.
The acquisition is Yanlord’s first venture in Singapore’s prime freehold residential property market.
The biggest collective sale deal this year is Pacific Mansion in River Valley, which was acquired by GuocoLand, Intrepid Investments and Hong Realty for $980 million.
Yanlord said the acquisition and development of the project will be financed by internal resources and bank borrowings.
Yanlord Land shares closed two cents up at $1.75, before the announcement was made.