CDL joint venture sells 84% Zyon Grand units at weekend launch at average price of S$3,050 psf

SINGAPORE: City Developments Ltd (CDL) and Mitsui Fudosan (Asia) sold 590 of the 706 units at Zyon Grand during its weekend launch, achieving a take-up rate of 84% as of 6 p.m. on Sunday (Oct 26), at an average price of S$3,050 per square foot (psf).

CDL said in a press release on Sunday (Oct 26) that Singaporeans made up about 84% of buyers, while 14% were permanent residents (PRs) from China, Malaysia, India, Indonesia, South Korea, and Japan, among others.

Prices at Zyon Grand start from S$1.298 million for a 474 sq ft one-bedroom plus study unit, S$1.468 million for a 538 sq ft two-bedroom unit, S$2.2 million for an 818 sq ft three-bedroom unit, and S$3.968 million for a 1,421 sq ft four-bedroom premium unit with a private lift, while the 1,819 sq ft five-bedroom supreme units, located on levels 44 to 61, start from S$5.988 million.

CDL said all unit types were well-received by homebuyers, with one of two five-bedroom penthouses sold for over S$10 million.

The 99-year leasehold project, located along Kim Seng Road, features two 62-storey residential towers and a 36-storey tower of Singapore’s first long-stay serviced apartment above a retail podium known as Zyon Galleria with restaurants (F&B), a supermarket, and an early childhood development centre.

The development is directly connected to Havelock MRT Station on the Thomson–East Coast Line.

CDL Group CEO Sherman Kwek said, “We are very pleased with the strong response to Zyon Grand, particularly amid a very active period of new property launches.”

EdgeProp Singapore reported that the development was previewed on Oct 8, followed by VIP sales on Oct 24 and a public launch on Oct 25.

Realion deputy group CEO Justin Quek noted interest came from both young couples and families, drawn to nearby schools like Alexandra Primary, River Valley Primary, and Zhangde Primary School. He added that the strong demand was due to a reputable developer, a well-planned project matching market needs, and the project’s location. /TISG

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