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Condo prices · D13

One Leicester

Leicester Road · D13 · Rest of central region · Condominium

The median sale at One Leicester was $2,180,000 — $1,732 psf — across 23 transactions between Jan 2022 and Aug 2026. Freehold.

Median price
$2,180,000
23 sales in the window.
Median per sq ft
$1,732 psf
Median unit 1,206 sq ft.
Lease remaining
Freehold
Freehold

One Leicester saw three sales in the past 12 months. A median over that is a record of what happened, not a rate you could expect to transact at.

What it costs per month of lease

One Leicester is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2022six sales$1491
  • 2023two sales$1713
  • 2024nine sales$1732
  • 2025three sales$1987
  • 2026three sales$2007
Show the figures
YearMedian pricePer sq ftSales
2022$1,790,000$1,491 psf6
2023$1,933,000$1,713 psf2
2024$2,088,000$1,732 psf9
2025$2,428,888$1,987 psf3
2026$2,420,000$2,007 psf3

What it rents for

URA’s median of rental contracts lodged at One Leicester in 2026Q2, per square foot per month.

Median rent per sq ft
$4.18
A month. Middle half of contracts ran $3.95 to $4.37.
Gross yield
2.90%
A year of median rent against the median sale price.
Median sale per sq ft
$1,732 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D13

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.