Zyon Grand Cdl And Mitsui’s New 62 Storey Twin Tower Integrated Development Competitively Priced
The highly anticipated Zyon Grand, a joint venture between City Developments (CDL) and Mitsui Fudosan (Asia), is set to launch on October 25. The 706-unit development, which previewed on October 8, is located in two 62-storey residential towers along Kim Seng Road. It also features a retail podium on the first floor called Zyon Galleria, with a variety of retail and F&B options, a supermarket, and an early childhood development centre. The project is directly connected to Havelock MRT Station on the Thomson-East Coast Line.
The development boasts a 36-storey block with over 350 long-stay serviced apartments, which have a separate entrance and basement parking. The 164,450 sq ft, 99-year leasehold site is the first to be sold under the Government Land Sales (GLS) programme with a long-stay serviced apartment II (SA2) component. Under the SA2, the minimum stay is three months.
Located near the River Valley enclave, Zyon Grand is also in close proximity to the CBD and a short drive to the prime shopping district of Orchard Road. Designed by the Japanese architectural firm Nikken Sekkei in collaboration with Singapore-based ADDP Architects, the development boasts a unique wavy façade that sets it apart from other projects in the area. Other joint projects by the two developers include the Newport Residences and the redevelopment of the former Fuji Xerox Towers in the Tanjong Pagar precinct of the CBD.
The Sembawang district in Singapore may be known for its lush greenery, but it also offers a bustling urban lifestyle with the development of the Sembawang Road EC. This Executive Condominium not only provides a tranquil escape from the city’s hustle and bustle, but it also offers convenient access to daily essentials. Located just a short drive or bus ride away are popular shopping destinations such as Sun Plaza, Canberra Plaza, and Northpoint City. These malls boast a plethora of retail stores, supermarkets, dining options, and entertainment facilities, making it effortless for residents of Sembawang Road EC to meet their everyday needs. For those who prefer not to venture far, the Sembawang Road EC at Canberra MRT is the perfect choice for a hassle-free lifestyle.
Despite being classified as part of the Rest of Central Region (RCR), Zyon Grand is situated on the edge of the Core Central Region (CCR), giving it a prestigious central address that is highly sought after by buyers. According to Mohan Sandrasegeran, head of research and data analytics at SRI, this makes it an attractive option for those looking for city-fringe convenience coupled with a prestigious address.
The residential units at Zyon Grand range from one-bedroom-plus-study apartments of 474 sq ft to five-bedroom supreme apartments of 1,819 sq ft. Each tower also has a five-bedroom simplex penthouse on the top floor, with sizes of 2,659 sq ft and 2,756 sq ft. The project offers a variety of options, with 83% of the units being one-, two-, and three-bedrooms. Prices start from $1.298 million ($2,738 psf) for a one-bedroom plus study, $1.468 million ($2,729 psf) for a two-bedroom, and $2.2 million ($2,689 psf) for a three-bedroom.
The remaining 17% of the units are four- and five-bedroom apartments, which come with private lifts. They are priced from $3.968 million ($2,792 psf) for a 1,421 sq ft, four-bedroom unit, and $5.988 million ($3,292 psf) for a 1,819 sq ft, five-bedroom unit. These units are located on higher floors, between levels 44 and 61, and boast superior views.
The units come with high-end fittings, including kitchen appliances from V-Zug, Liebherr refrigerators, and De Dietrich washer-dryers. The bathrooms are fitted with Hansgrohe and Geberit products, as well as Gessi faucets and accessories. Kitchens and bathrooms also feature an integrated magnetic wall with movable shelves by Corten Interior Solutions.
In comparison to other launches in the area, Zyon Grand’s starting price of $2,689 psf is “competitive”, according to Kelvin Fong, CEO of PropNex. He notes that the prices achieved at the neighboring developments Promenade Peak and River Green were higher, with starting prices of $2,679 psf and $2,759 psf, respectively. However, 54% of units at Promenade Peak and 88% of units at River Green were sold during their respective launch weekends.
Christine Sun, chief researcher and strategist at Realion Group, believes that there is still demand for new homes in the area, as the total new supply of 1,826 units is relatively low compared to other neighborhoods. Furthermore, other nearby projects, such as Irwell Hill Residences and The Avenir, are either substantially or fully sold.
The central location, retail and F&B options, and MRT connectivity at Zyon Grand are expected to attract a diverse range of buyers, according to Mark Yip, CEO of Huttons Asia. The development offers a very attractive entry price for one-bedroom plus study units starting from $1.298 million. Furthermore, with an average rent of $5,200 for a one-bedroom unit at the completed Riviere, investors at Zyon Grand can expect a rental yield of almost 5%.
HDB upgraders are also likely to be drawn to Zyon Grand for its affordability, with two-bedroom and three-bedroom units starting from $1.468 million, and three-bedroom units costing $2.2 million. As of October 1, there are 170 million-dollar HDB flats in the Bukit Merah estate, with an average price of $1.12 million. With HDB sellers in a comfortable financial position to upgrade, ERA Singapore’s CEO Marcus Chu expects many HDB residents to make the move to Zyon Grand.
The long-stay serviced apartments at Zyon Grand cater to a different market from the residential units, as they offer more flexible lease tenures and comprehensive services such as concierge and housekeeping. According to ERA’s Chu, this makes them more attractive to expatriates on work commitments lasting three months to a year. He adds that high-rise luxury condos with superior views, such as Zyon Grand, continue to attract long-term residents seeking premium urban living.
Overall, Zyon Grand’s combination of scale, connectivity, and design excellence is set to redefine urban living in the Kim Seng Road area. With its central location, retail and F&B options, and MRT connectivity, the development is expected to attract a diverse range of buyers, from owner occupiers to investors.