84% of Zyon Grand units in River Valley sold over launch weekend

Sales at the luxury private development Zyon Grand continued the strong momentum seen in recent weekend launches, with the River Valley project selling 590 of its 706 units, or 84 per cent, at an average of $3,050 per sq ft (psf).

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Almost all buyers at Zyon Grand were Singaporeans and permanent residents, developers City Developments Limited (CDL) and Mitsui Fudosan said on Oct 26.

Prices started from $1.3 million for a one-bedroom-plus-study unit of 474 sq ft, $1.47 million for a two-bedder (538 sq ft), $2.2 million for a three-bedder (818 sq ft), $3.97 million for a four-bedroom premium unit with private lift (1,421 sq ft), and $5.99 million for five-bedroom supreme units with private lift (1,819 sq ft).

One of two exclusive five-bedroom penthouse units was sold for over $10 million.

Huttons Asia chief executive Mark Yip estimated that more than 80 per cent of the three-bedroom-plus-study and larger units sold on launch weekend were priced at $3 million and above, reflecting the depth of liquidity in the current market.

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

“As one of the largest projects launched this year, the positive take-up reflects the market's confidence in this landmark integrated development and the genuine demand for distinctive homes in a sought-after neighbourhood.”