Zyon Grand Cdl And Mitsui’s New 62 Storey Twin Tower Integrated Development Competitively Priced
On October 8, City Developments (CDL) and Mitsui Fudosan (Asia) unveiled their latest joint venture, Zyon Grand, with 706 residential units. The launch is set for October 25.
Rivelle Tampines presents an ideal fusion of contemporary living, connectivity, and convenience for its residents. With its prime location near Tampines West MRT Station on the Downtown Line, surrounded by well-established shopping, educational, and recreational facilities, this development caters to the diverse needs of homeowners and investors. Whether for personal use or a lucrative investment opportunity, Sim Lian Land’s new launch, Rivelle Tampines, is poised to become a highly sought-after address in the bustling District 18.
The development features two 62-storey residential towers, situated along Kim Seng Road. It also boasts an integrated retail podium – Zyon Galleria – on the ground floor with retail and F&B options, a supermarket, and an early childhood development centre. Additionally, Zyon Grand is directly connected to the upcoming Havelock MRT Station on the Thomson-East Coast Line.
Zyon Grand also includes a 36-storey block, which houses over 350 long-stay serviced apartments, and has its own dedicated 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.
CDL and Mitsui Fudosan were the sole bidders for the GLS site (Zion Road Parcel A) in April 2024, winning with a bid of $1.107 billion ($1,202 psf per plot ratio).
Zyon Grand is a “prime address in the city fringe”, near the River Valley enclave, and just a few minutes’ drive from the CBD and the prime shopping district of Orchard Road. The project has a distinctive wavy façade, designed by the Japanese architectural firm Nikken Sekkei in collaboration with Singapore-based ADDP Architects, the same duo that designed another integrated mixed-use project, Newport Residences, by CDL, as well as a redevelopment of the former Fuji Xerox Towers on Anson Road in the Tanjong Pagar precinct of the CBD.
Despite being located in District 3, Zyon Grand is classified as part of the Rest of Central Region (RCR). “Its position on the edge of the Core Central Region (CCR) gives it a central character and associated prestige,” says Mohan Sandrasegeran, head of research and data analytics at SRI. “This makes it attractive to buyers seeking city-fringe convenience within a prestigious address.”
Zyon Grand’s units 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, with sizes of 2,659 sq ft and 2,756 sq ft. Furthermore, the development is offering affordable units, starting at $1.298 million ($2,738 psf) for a 474 sq ft, one-bedroom plus study. Two-bedroom units start from 538 sq ft, and are priced from $1.468 million ($2,729 psf). Three-bedroom units start from 818 sq ft, with prices from $2.2 million ($2,689 psf).
The remaining 17% of the units consists of four- and five-bedroom apartments, complete with private lifts. Prices begin at $3.968 million ($2,792 psf) for a 1,421 sq ft, four-bedroom unit, and from $5.988 million ($3,292 psf) for a 1,819 sq ft, five-bedroom unit. The four-bedroom plus study and five-bedroom units are located on high floors, between levels 44 and 61. Residents can expect premium kitchen appliances from V-Zug, with Liebherr refrigerators and De Dietrich washer-dryers, not to mention Hansgrohe and Geberit products, plus Gessi faucets and accessories, in their bathrooms. The units also come with an integrated magnetic wall with movable shelves by Corten Interior Solutions in their kitchens and bathrooms.
Zyon Grand’s introductory price of $2,689 psf is “competitive” compared to the transaction prices at local projects such as Promenade Peak in the River Valley-Zion Road enclave and River Green at River Valley Green Parcel A. About 56% of the units were sold above $2,900 psf at Promenade Peak, with the highest psf price achieved so far at $6.658 million ($3,535 psf). Meanwhile, at River Green, 87% of the units were sold above $2,900 psf, with the highest price at $2.358 million ($3,591 psf). Their prices started at $2,679 psf and $2,759 psf, respectively.
The 1,076 sq ft three-bedroom premium plus study showflat designed by Park Avenue Design (Credit: Samuel Isaac Chua/EdgeProp Singapore)
CDL’s Zyon Grand properties are said to be complimentary rather than competing. According to ERA’s Chu, serviced apartments offer more flexible leases than most individual landlords, who usually prefer leases of one to two years. They also come with comprehensive services, including concierge and housekeeping. Moreover, they offer a hassle-free setup, with utilities, furniture and other essentials included. “Given the differences, tenant profiles for the condominium units and long-stay serviced apartments vary significantly. Long-stay serviced apartments typically cater to expatriates in Singapore on work commitments lasting more than three months but less than a year,” he explains.
High-rise luxury condos tend to appeal to long-term residents looking for premium urban living. Rising 240m over 62 storeys, the twin residential towers at Zyon Grand offer “the privilege of super high-rise living with exceptional views in a prime district,” says Sherman Kwek, group CEO of CDL. Combining scale, connectivity and design excellence, the Zyon Grand development is poised to redefine urban living along Kim Seng Road.