Table of Contents
Renowned developers Mitsui Fudosan (Asia) and City Developments Limited (CDL) have united to commemorate a significant achievement with the unveiling of their upscale integrated project, Zyon Grand. Over the launch weekend, a remarkable 84% of the 706 residential units were sold, with 590 units transacted at a robust average selling price (ASP) of S$3,050 per square foot (psf). This remarkable performance showcases the robustness of the Singapore real estate sector and the appealing value presented by this new landmark development.
Integrated Living Takes the Crown
Zyon Grand is not just a condominium; it’s a monumental, mixed-use vertical community. The development features two imposing 62-storey luxury residential towers and a 36-storey block housing Singapore’s first long-stay serviced apartment concept. All this is set above Zyon Galleria, a dedicated retail podium that will house F&B outlets, a supermarket, and an early childhood development centre.
This integration—particularly the direct, seamless link to the Havelock MRT station on the Thomson-East Coast Line—was a primary magnet for buyers. Zyon Grand stands out in a city that prioritizes convenience and connectivity, offering immediate access to transportation and essential amenities. This makes it a compelling residential choice, seamlessly linking the city-fringe lifestyle of District 3 with the advantages of a central location.
Attractive Pricing and Robust Buyer Profile The robust sales momentum was clear across all unit types, ranging from the one-bedroom plus study apartments beginning at S$1.298 million to the spacious five-bedroom supreme units. The pricing for the three-bedroom apartments, beginning at S$2.2 million, was notably attractive, drawing in a considerable number of owner-occupiers and those looking to upgrade. A significant portion of the three-bedroom units, over 85%, and 81% of the four-bedroom units are currently occupied, highlighting a strong interest in larger homes designed for families, particularly those taking advantage of strong HDB resale values for improvements. A significant portion of the three-bedroom units, over 85%, and 81% of the four-bedroom units are currently occupied, highlighting a strong interest in larger homes designed for families, particularly those taking advantage of strong HDB resale values for improvements.
Capstone to a Strong River Valley Launch Year
The successful introduction of Zyon Grand reinforces its position in the competitive River Valley new launch market, which has seen positive absorption rates at nearby projects like Promenade Peak and River Green earlier this year.
The appealing land cost of the development—obtained by the CDL-Mitsui Fudosan joint venture at S$1,202 per square foot per plot ratio—enabled a starting price per square foot that presented significant perceived value in comparison to nearby properties. The project’s distinctive nature as a mixed-use development, featuring a direct MRT connection, offered a significant edge that strongly appealed to the market. This contributed to an impressive 84% take-up rate and established a high standard for upcoming launches in the Rest of Central Region.
The appealing land cost of the development—obtained by the CDL-Mitsui Fudosan joint venture at S$1,202 per square foot per plot ratio—enabled a starting price per square foot that presented significant perceived value in comparison to nearby properties. The project’s distinctive nature as a mixed-use development, featuring a direct MRT connection, offered a significant edge that strongly appealed to the market. This resulted in an impressive adoption rate of 84%, establishing an exceptional standard for upcoming launches in the Rest of Central Region.
