What can you tell me about the Zion Road parcels

The Zion Road parcels refer to two distinct residential development sites located in the River Valley area of Singapore.

Zion Road Parcel A

• This parcel is a joint development by City Developments Limited (CDL) and Mitsui Fudosan, situated in the heart of the vibrant River Valley district.
• The site spans 164,439 square feet and has a 99-year leasehold tenure.
• The development could yield approximately 1,170 residential units, including long-term serviced apartments, although the final plan includes about 740 residential units and 290 rental apartment units.
• It will feature a retail podium with commercial shops and is strategically located near the Singapore River, offering scenic views and access to walking and cycling paths connecting to Robertson Quay and Clarke Quay.
• The development is well-connected via the Great World MRT Station on the Thomson-East Coast Line, making commuting to key areas like Orchard Road, Marina Bay, and the Central Business District convenient.
• The project emphasizes modern luxury and sustainability, with amenities such as a swimming pool, gym, clubhouse, and landscaped gardens.

Zion Road Parcel B

• This parcel is developed by Allgreen Properties and is located in the prestigious District 10, also in the River Valley neighborhood.
• The site covers an area of about 99,952.59 square feet and is designated for residential use with a 99-year leasehold tenure.
• The development can yield around 610 private residential units and was secured by Valerian Residential Pte. Ltd., a subsidiary of Allgreen Properties, with a bid of $730.09 million, translating to $1,304 per square foot per plot ratio.
• It is near the Great World MRT station on the Thomson-East Coast Line, providing easy access to major business hubs, shopping districts, and entertainment venues.
• Residents will enjoy proximity to Orchard Road, Great World City, and Valley Point, as well as outdoor activities along the Singapore River and Fort Canning Park.
• The development offers a blend of urban convenience, serene surroundings, and premium amenities, making it a desirable choice for luxury living.

Both parcels offer prime locations with excellent connectivity and a range of lifestyle amenities, making them attractive options for those seeking modern and luxurious urban living in Singapore.