Freehold Leedon Green (Former Tulip Garden) has been purchased in one of the most significant en bloc this year. The site where upcoming Leedon Green will be constructed was sold after four collective sale attempts to Singapore Exchange listed, Yanlord Group. The property investment company bought the Farrer Road Condominium site with a 20.4% price increase from the previous reserve price worth $753 million that was submitted by the residents of the 316,708 sq ft estate. Yanlord Land Group in a partnership with MCL offered a massive amount for the Leedon Green price of approximately S$907 million. The Tulip Garden’s sale price translates to a land rate of $1,790 per sq ft ppr which is higher than the recent collective sales in the area.

Asia Radiant Pte. Ltd a company jointly held by Yanlord Group and MCL Land secured ownership of the site. The upcoming Leedon Green Condo could house up to 670 residential units with an outstanding Leedon Green floor plan. The residents of Leedon Green will benefit from the excellent connectivity in the area of Farrer Road plus the site is just a few distances away from Farrer Road MRT station. Leedon Green will allow future residents to enjoy seamless access to an all-inclusive suite of lifestyle, education and healthcare facilities.

According to Yanlord’s CEO, Mr Zhong Sheng Jian, the successful acquisition of Leedon Green site marks the entry of the company into Singapore’s property market. He further notes that the Singapore’s residential market presents a valuable proposition to real estate developers who seek to come up with additional growth opportunities. The Leedon Green freehold site has a strong potential of a breakthrough with its promising better lifestyle to the residents.

The Leedon Green Tulip Garden coupled with excellent transport connection offers the future residents of Leedon Green a rare opportunity of living in one of Singapore’s highly demanded addresses. The project is set to be completed by 2023, to allow the future owners of Leedon Green to benefit from the significant URA initiatives of expanding Holland Village.