The Short Answer for One Leonie Residences
Anyone may buy. One Leonie Residences is a private condominium development, so it carries no income ceiling, no citizenship requirement and no minimum occupation period. Singapore Citizens, Singapore Permanent Residents, foreigners and companies may all buy a residence there. What changes from one buyer to the next is the stamp duty: Additional Buyer’s Stamp Duty depends on residency and on how many residential properties the buyer already owns.
That makes the question less about eligibility and more about cost. This article sets out who pays what, as at October 2026, and the points a household should settle before Far East Organization releases the price list.
One Leonie Residences Is a Private Condominium Development
The 25 residences at 1 Leonie Hill are strata homes in a private development, not landed houses. That distinction matters for foreign buyers in particular. Under the Residential Property Act, foreigners need approval from the Land Dealings Approval Unit to buy most landed homes, but they may buy apartments and condominium homes without it.
A private condominium also carries none of the conditions that apply to public housing or executive condominiums. A buyer does not need to form a family nucleus, does not face an income ceiling and is free to own other property, subject only to the stamp duty and loan rules that apply to every residential purchase in Singapore.
ABSD at One Leonie Residences by Buyer Profile
Additional Buyer’s Stamp Duty is charged on top of Buyer’s Stamp Duty. As at October 2026, the rates published by IRAS are: Singapore Citizens 0% on a first residential property, 20% on a second and 30% on a third or more; Singapore Permanent Residents 5%, 30% and 35%; foreigners 60% on any residential purchase; and entities, such as companies, 65%.
As an illustration only, on a figure of $6,000,000, which bears no relation to the price of any residence at One Leonie Residences, Buyer’s Stamp Duty would be $299,600 for every buyer. A Singapore Citizen buying a first home would add nothing; a Permanent Resident buying a first home would add $300,000; and a foreigner would add $3,600,000. The stamp duty calculator runs the arithmetic for any figure and profile.
Free Trade Agreements and Joint Purchases at One Leonie Residences
Under Singapore’s free trade agreements, nationals and permanent residents of the United States, and nationals of Iceland, Liechtenstein, Norway and Switzerland, are treated as Singapore Citizens for ABSD. A national of one of those countries buying a first home at One Leonie Residences would therefore pay no ABSD.
Joint purchases combine profiles, and the higher applicable rate generally applies to the whole purchase. A married couple with at least one Singapore Citizen spouse buying their first home together may apply for remission. IRAS decides each case on the facts at the date of purchase, so a conveyancing lawyer should confirm the position before an option is exercised. The stamp duty page sets out the tables.
Company and Trust Purchases at One Leonie Residences
Buying through a company or a trust is possible, but it is rarely the cheaper route for a home. Entities pay ABSD of 65% on any residential purchase, and a company borrowing to buy a home is assessed on the company’s own finances rather than on the debt servicing ratio of an individual. Most households therefore buy in their own names.
Families planning for succession sometimes ask about holding a home in trust. Trustees generally pay ABSD at the entity rate, with limited exceptions that IRAS sets out, so the structure should be settled with a lawyer before any commitment rather than after.
Financing for Each Buyer at One Leonie Residences
The MAS loan rules apply to every buyer. A borrower with no outstanding housing loan may borrow up to 75% of the price, a borrower with one outstanding loan 45% and a borrower with two or more 35%, with lower limits where the tenure exceeds 30 years or the loan runs past age 65. All monthly debt repayments must stay within 55% of gross income, with the new loan tested at a rate of at least 4%.
Singapore Citizens and Permanent Residents may use CPF Ordinary Account savings towards the price within CPF rules; foreigners pay their share in cash. The housing loan page explains the limits, and the TDSR calculator estimates the loan an income supports.
Buying One Leonie Residences for Family Members
Parents sometimes buy for adult children, or with them. Where several names appear on a purchase, each buyer’s residency and existing properties count, and the highest applicable ABSD rate generally applies to the whole price. Buying in the name of the family member who owns no other residential property can therefore make a substantial difference to the duty.
Every such arrangement turns on its own facts, and IRAS publishes guidance on how joint purchases are assessed. A conveyancing lawyer can confirm the position for a particular household.
Residency Changes and One Leonie Residences
A buyer’s profile is fixed at the date of purchase. A Permanent Resident who becomes a Singapore Citizen after signing does not receive a refund of the ABSD paid, and a foreigner who later becomes a Permanent Resident is in the same position. Households expecting a change in status should therefore work out the timing with a lawyer before an option is exercised.
The same applies to the number of properties owned. A property counts if it is owned, wholly or partly, at the date of purchase, including a share inherited or held jointly with a relative, so a buyer who owns a small share of a family home may be treated as owning one residential property already.
What to Settle Before the One Leonie Residences Price List
Because the duty depends on the buyer, the names on a purchase and the order of selling and buying are worth settling before the preview. An upgrader who still owns a home pays ABSD on a second property unless the conditions for a refund are met, and also borrows under the lower loan limit while the first loan is outstanding.
Registrants for One Leonie Residences receive the e-brochure, floor plans and price list as they are released, which leaves time to work through these questions with a bank and a lawyer. The showflat page takes private preview registrations.
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.