Published November 23, 2010
CapitaLand rolls out 1,715-unit D'Leedon on Farrer Rd
Units in the District 10 project will mostly be priced north of $1,600 psf
By UMA SHANKARI
CAPITALAND has started marketing D'Leedon, the 1,715-unit, 99-year leasehold residential project it will build on the site of the former Farrer Court.
The D'Leedon showflat has been built and agents have started distributing flyers to prospective buyers.
Units in the District 10 project on Farrer Road will mostly be priced upwards of $1,600 per sq ft (psf) for the most part, BT understands.
In terms of the number of units, D'Leedon is believed to be the largest single condominium project ever in Singapore.
But CapitaLand is expected to roll out the project only in phases.
The developer paid a record $1.3 billion for Farrer Court in a collective sale in June 2007 at the peak of the property boom.
That worked out to as much as $783 psf of potential gross floor area.
In 2008, CapitaLand said the entire development would cost around $3 billion and would be in the recognised style of architect Zaha Hadid, the first female recipient of the coveted Pritzker Architecture Prize.
Patricia Chia, who was then head of CapitaLand's residential arm, pegged the project's breakeven cost at around $1,350 psf to $1,450 psf.
D'Leedon will comprise seven high-end residential towers and 12 villas.
The smallest condominium units will be about 900 sq ft, while some villas will be larger than 4,000 sq ft.
Zaha Hadid Architects' design for D'Leedon consists of seven 36-storey, 150-metre towers that will appear to 'grow' from sunken private gardens in the project's landscape.
The towers themselves are sub-divided into 'petals', according to the number of residential units on each floor.
The tops of the buildings will be a series of 'fingers' stepped at different heights.
Zaha Hadid and architectural theorist Patrik Schumacher, who are in charge of the project, have been designing in Singapore for around 10 years now.
Singaporean architecture and engineering firm RSP has also been involved in D'Leedon's design.
Source: www.businesstimes.com.sg
