The Short Answer for One Leonie Residences
One Leonie Residences is a collection of 25 residences, which Far East Organization describes as limited edition. A development of that size offers privacy, few neighbours and a quiet arrival, and every home in it is a large residence of four bedrooms or more.
A small development also works differently from a large one in a few practical ways, from the facilities it carries to the way its maintenance costs are shared. This article sets out both sides, so a buyer can weigh them against what matters to the household.
Privacy at One Leonie Residences
The first benefit of scale is privacy. With 25 households sharing the development, residents meet few people in the lift lobby and the common areas, and arrivals and departures are unhurried. For households used to landed homes, or to the privacy of a small apartment block, that is often the main attraction.
It also makes the community easy to know. Owners in a small development tend to know one another, and decisions about the common property are taken by a small group of owners in the management corporation.
Facilities in a Small Development Like One Leonie Residences
Large condominiums often carry an extensive list of facilities, because the cost is spread across hundreds of homes. A small development carries facilities scaled to its community, and the developer’s visuals of One Leonie Residences show a rooftop terrace with an open view of the Orchard skyline. The facilities schedule will be confirmed by Far East Organization in the e-brochure.
For buyers near Orchard Road, the neighbourhood supplies much of what a large condominium would otherwise provide: gyms, pools and clubs in the area, the malls of Orchard Road and the Singapore Botanic Gardens about 1.8 kilometres away.
Maintenance and Management at One Leonie Residences
In any strata development, owners pay maintenance contributions according to their share value, which generally follows the size of each home. In a small development the running costs are shared among fewer owners, so the contribution per home reflects both the facilities provided and the size of the community.
The managing agent, the maintenance contributions and the sinking fund are set out after completion, and the management corporation’s accounts are open to every owner. A buyer can ask the Sales Concierge about the developer’s plans for management at the preview.
Resale and Choice Among the 25 One Leonie Residences Homes
A small collection also means fewer homes come to market at any one time, whether at launch or later on resale. At launch that makes each residence type scarce: there is a single duplex penthouse, and each other type is held in small numbers. Buyers who have a particular layout or level in mind therefore benefit from registering early and receiving the floor plans first.
Over time, homes in small freehold developments in central districts tend to change hands only occasionally, and their owners often hold them for many years.
Security and Arrival at One Leonie Residences
A small development is also simpler to secure and to arrive at. With few households coming and going, the drop-off, the lobby and the car park are quiet, and visitors are easily recognised. For households who value discretion, that is part of the appeal of a limited edition.
The developer’s site plan will show how the arrival, the drop-off and the car park are arranged, and registrants receive it with the e-brochure.
The Developer’s Approach to One Leonie Residences
Far East Organization has developed homes in Singapore since 1960, from large condominiums to small freehold collections such as Amber House. At One Leonie Residences it has chosen the smallest of those formats: 25 residences, all of them large family homes.
For most buyers, the decision comes down to how they intend to live. A small community, a central freehold address and a large family home describe one particular way of living in Singapore, and One Leonie Residences has been planned for the households who want exactly that.
Is a Limited Edition Like One Leonie Residences Right for the Household?
The answer depends on what the household values. A buyer who wants a long list of shared facilities may prefer a larger development; a buyer who values privacy, space and a central address may find that a small collection of large homes suits better. Neither is the wrong choice; they serve different ways of living.
Registrants for One Leonie Residences receive the e-brochure, the floor plans and the price list as Far East Organization releases them, followed by a private viewing. The showflat page takes registrations, and the developer page sets out Far East Organization’s record.
This article is general information as at the date shown and is not financial, legal or tax advice. Statutory figures are from IRAS and MAS; particulars of One Leonie Residences are from Far East Organization.
Talk to the One Leonie Residences Sales Concierge
The Sales Concierge sends the e-brochure, floor plans and price list for One Leonie Residences as Far East Organization releases them, and arranges a private viewing.