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When is the new launch for Zion Road Parcel A and any information?
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The residential site at Zion Road (Parcel A) has been awarded to a joint venture between CDL and Mitsui Fudosan, following a tender that closed on April 4, 2024. Here are some key details about the project:
- Tenure: The site is on a 99-year leasehold.
- Site Area: It covers an area of 15,276.80 square meters.
- Gross Floor Area (GFA): The GFA is 85,551 square meters.
- Projected Units: The site is expected to yield approximately 1,170 private residential units.
- Commercial Component: The project includes a first-storey commercial component.
- Long-Stay Serviced Apartments: A minimum of 20,000 square meters of GFA is set aside for long-stay serviced apartments with a minimum stay of three months.
- Tender Price: The site was awarded at a tender price of $1,106,890,000, which translates to $1,202 per square foot per plot ratio (psf ppr).
- Site Area: It covers an area of 15,276.80 square meters.
- Gross Floor Area (GFA): The GFA is 85,551 square meters.
- Projected Units: The site is expected to yield approximately 1,170 private residential units.
- Commercial Component: The project includes a first-storey commercial component.
- Long-Stay Serviced Apartments: A minimum of 20,000 square meters of GFA is set aside for long-stay serviced apartments with a minimum stay of three months.
- Tender Price: The site was awarded at a tender price of $1,106,890,000, which translates to $1,202 per square foot per plot ratio (psf ppr).
Given that the tender was recently awarded, the new launch of this project is expected to occur in the near future, although the exact launch date has not been publicly announced yet. For the latest updates, you can check the property news section on EdgeProp Singapore.
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