# Sale of four-bedder at Leonie Gardens condo rakes in profit of $2.93 mil - **Source:** EdgeProp Singapore - **Published:** 2026-07-02T07:00:00.000Z - **Author:** Kalynskye Adrian - **Original:** https://www.edgeprop.sg/property-news/sale-four-bedder-leonie-gardens-condo-rakes-profit-293-mil - **Topics:** Private Residential, Transactions & Deals ## Featured rationale The substantial long-term gain signals resilient value for spacious prime-district homes, while Marina Collection’s continuing losses highlight sharply divergent performance across luxury residential submarkets. ## AI summary A 2,540 sq ft Leonie Gardens four-bedder sold for $4.2 million, generating a $2.93 million profit and 230.7% gain after nearly 28 years. ## Original article A four-bedroom unit at Leonie Gardens condo in prime District 9 was the best-performing property in condo resale transactions during the week of June 16 to 23. On June 18, the 2,540 sq ft unit on the eighth floor changed hands for $4.2 million ($1,653 psf). The seller had purchased it in October 1998 for $1.27 million ($500 psf). The transaction works out to a profit of $2.93 million (230.7%) and an annualised return of 4.4% over nearly 28 years. The deal marks the second highest profitable transaction at Leonie Gardens to date. The top transaction occurred in 2021. Then, a 4,295 sq ft penthouse on the 22nd floor fetched $9.5 million. The seller, who bought it for $5.6 million in 2007, profited $3.9 million. Read also: Seller at Rivergate condo in District 9 scores $2.35 mil profit Situated along Leonie Hill, Leonie Gardens is a 99-year leasehold condo that was completed in 1993. It features 138 units in spacious three- to five-bedroom layouts, alongside penthouses, ranging from 1,733 to 4,306 sq ft. Nearby amenities include the Orchard Road shopping belt and Great World, which is connected to Great World MRT Station. In May 2018, owners at the development attempted a collective sale at a reserve price of $800 million, but the tender closed without any bids. The development was relaunched for sale in December 2018 at the same reserve price, again failing to attract a buyer. Since then, Leonie Gardens has seen 32 resale deals. This year, the condo recorded three transactions, including the recent sale on June 18. The other two units — sold for $3.1 million and $4.2 million — netted $670,000 and $1.1 million in profit, respectively. Second on the week’s list of profitable condo resale transactions was the sale of a three-bedroom unit at The Esta, a freehold condo in Marine Parade. The apartment was acquired from the developer for $924,610 in January 2006. On June 18, the eighth-floor, 1,346 sq ft unit was sold for around $3.39 million ($2,519 psf). Thus, the seller made $2.46 million in profit, scoring a 266.5% gain, annualised at 6.6% over almost 20½ years. Read also: Duplex penthouse at Nassim Park Residences sold for $4.15 mil profit The transaction is the most profitable resale deal at The Esta. It beats the previous profit-high of $2.44 million from the sale of a 1,593 sq ft, four-bedder for $3.6 million in 2024. The seller had bought the unit from the developer for $1.16 million in 2006. Excluding the recent deal, the development has seen six other resale transactions this year, all of which were profitable. These units fetched prices ranging from $2.52 million to $3.8 million, netting profits between $715,388 and $1.83 million. Completed in 2008, The Esta is a 400-unit condo located along Amber Gardens. It features two- to four-bedroom apartments from 1,001 to 1,711 sq ft, as well as penthouses ranging from 2,368 to 3,477 sq ft. The steepest loss for the week was from the sale of a three-bedroom unit at Marina Collection, a condo along Sentosa Island’s waterfront. It was bought for $4.95 million in January 2008, and sold for $2.78 million on June 17. The seller incurred a loss of $2.17 million, or 43.8%, equivalent to an annualised loss of 3.1% over nearly 18½years. However, this was not the steepest loss seen at Marina Collection. That record belongs to a 3,272 sq ft, four-bedroom unit that changed hands for $4.65 million in April 2023. The seller, who bought the unit for $9.3 million in March 2008, posted a $4.65 million loss. Read also: Resale condo unit at Butterworth 8 scores $2.32 mil in profit Marina Collection is a 99-year leasehold, low-rise development comprising 124 spacious apartments across four storeys. Most of the units range from around 1,800 to 2,400 sq ft, with penthouses going up to 4,725 sq ft. The development features 40 private yacht berths, with many units enjoying direct marina views. There have been seven resale transactions at Marina Collection since 2025, all of which were in the red. Sold for $2.8 million to $6.8 million, the sellers sustained losses of between $1.32 million and $3.68 million. Check out the latest listings for Leonie Hill Residences properties ## Chinese translation > Translation model: grok ### Leonie Gardens共管公寓四房单位转售获利293万新元 该2,450平方英尺单位于6月18日以420万新元易手；卖家于1998年10月以127万新元购入。 核心第9区Leonie Gardens共管公寓一套四房单位，成为6月16日至23日当周共管公寓转售中表现最佳的物业。 6月18日，该位于八楼、面积2,540平方英尺的单位以420万新元（每平方英尺1,653新元）易手。卖家于1998年10月以127万新元（每平方英尺500新元）购入。该交易获利293万新元（230.7%），在近28年间年化回报约4.4%。 该笔交易为迄今Leonie Gardens第二高获利交易。 最高获利交易发生于2021年。当时位于22楼、面积4,295平方英尺的顶层公寓以950万新元成交。卖家于2007年以560万新元购入，获利390万新元。 另读：第9区Rivergate共管公寓卖家获利235万新元 Leonie Gardens位于Leonie Hill沿线，为1993年竣工的99年地契共管公寓，共138个单位，以宽敞的三房至五房布局为主，另有顶层公寓，面积介于1,733至4,306平方英尺。附近配套包括乌节路购物带与大世界（Great World），后者连接大世界地铁站。 2018年5月，业主曾尝试以8亿新元底价集体出售，但招标结束时无人出价。项目于2018年12月以相同底价再推售，再次未能吸引买家。 此后Leonie Gardens共录得32宗转售。今年该共管公寓录得三宗交易，包括6月18日这笔。另外两套分别以310万与420万新元售出，分别获利67万与110万新元。 当周获利共管公寓转售榜第二位，为位于马林百列（Marine Parade）永久地契共管公寓The Esta的一套三房单位。 该公寓于2006年1月以924,610新元向发展商购入。6月18日，位于八楼、面积1,346平方英尺的单位以约339万新元（每平方英尺2,519新元）售出。 因此卖家获利约246万新元，涨幅266.5%，近20年半年化回报约6.6%。 另读：Nassim Park Residences复式顶层公寓获利415万新元 该交易为The Esta迄今最赚钱的转售，超过此前2024年一套1,593平方英尺四房单位以360万新元售出、获利244万新元的纪录。该卖家2006年以116万新元向发展商购入。 除最近这笔交易外，该项目今年另有六宗转售，全部获利。这些单位成交价介于252万至380万新元，获利介于715,388至183万新元。 The Esta于2008年竣工，为位于Amber Gardens沿线的400单位共管公寓，房型为两房至四房（1,001至1,711平方英尺），另有顶层公寓（2,368至3,477平方英尺）。 当周最大亏损来自圣淘沙岛滨水共管公寓Marina Collection一套三房单位的出售。 该单位于2008年1月以495万新元购入，于6月17日以278万新元售出。卖家亏损217万新元，或43.8%，相当于近18年半年化亏损约3.1%。 不过这并非Marina Collection所见最严重亏损。该纪录属于一套3,272平方英尺四房单位，于2023年4月以465万新元易手。卖家2008年3月以930万新元购入，亏损465万新元。 另读：Butterworth 8共管公寓转售单位获利232万新元 Marina Collection为99年地契低层发展项目，四层共124个宽敞公寓。多数单位约1,800至2,400平方英尺，顶层公寓可达4,725平方英尺。项目配有40个私人游艇泊位，许多单位享有直接码头景观。 自2025年以来Marina Collection共有七宗转售，全部录得亏损。成交价介于280万至680万新元，卖家亏损介于132万至368万新元。 查看Leonie Hill Residences最新放盘。