CapitaLand Rolls Out 1,715-Unit D’Leedon on Farrer Rd
District 10 is one of the upscale real estate sites in Singapore. One of the properties in this area is the former Farrer court. This has been purchased by CapitaLand, a high-rise developer for a record $1.3 billion at the peak of the real estate property boom.
On-going construction on this site is the D’Leedon, a 99-year leasehold residential project. This is comprised of seven high-end residential towers and 12 residential villas. The smallest unit will be about 900 sq ft; while some of the villas will be more than 4,000 sq ft. It is composed of 1,715 units. D’Leedon is believed to be the largest single condominium project ever in Singapore. However, CapitaLand, the developer, is expected to work on the project only in phases.
CapitaLand has started to market the project. The D’Leedon model unit has been built and flyers have started to be distributed to prospective buyers by the real estate agents. Pre-selling of the units is now underway.
The entire development project would cost around $3 billion, CapitaLand revealed in 2008. The project’s breakeven cost was pegged at around $1,350 psf to $1,450 psf by Patricia Chia, who was head of CapitaLand’s residential arm at that time.
Zaha Hadid and architectural theorist Patrik Schumacher are in charge of the project. They have been designing in Singapore for around 10 years now. Also involved in D’Leedon’s design is the Singaporean architecture and engineering firm of RSP.
The design of the buildings will be in the recognised style of architect Zaha Hadid, the first female recipient of the coveted Pritzker Architecture Prize. Her design for the project D’Leedon consists of seven 36-storey buildings with 150-metre towers . The towers will appear as if they grew out of the sunken gardens in the project’s landscape. The towers will appear to have “petals”. The tops of the buildings will appear to be like “fingers” of varied lengths.
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