"This adds further momentum to CDL’s solid residential track record and strengthens its income visibility over the coming years," says DBS, adding that most of its recent residential launches, such as Lumina Grand EC, Kassia, Norwood Grand, and Union Square Residences in 2024, as well as The Orie in 2025, have achieved healthy sell-through rates, leaving the CDL with a relatively low level of unsold inventory.
Singapore's private residential market remains hot, with three consecutive hot launches. Zyon Grand by a joint venture between City Developments (CDL) and Mitsui Fudosan (Asia), was the latest such fast-moving project with 590 units or 84% sold at an average price of around $3,050 psf.
From the perspective of DBS Group Research, the robust sales performance of Zyon Grand was anticipated, underpinned by its convenience as an integrated development directly connected to Havelock MRT, and its prime lifestyle appeal within the sought-after River Valley neighbourhood.
