The Singaporean property landscape is poised to witness a groundbreaking development with the Zion Road GLS, a joint venture between City Developments Ltd (CDL) and Mitsui Fudosan (Asia). This S$1.1 billion bid for a prime location bordering the prestigious River Valley district and Orchard Road signifies a bold step towards catering to evolving residential needs.

A Site with Immense Potential

Spanning an impressive 15,277.9 square meters, the Zion Road site boasts the capacity to accommodate over 1,170 residential units. This translates to a vibrant community nestled within the heart of Singapore’s urban center. Notably, the project incorporates a unique blend of offerings:

• Over 740 Units for Sale: Homebuyers can look forward to a range of residences, potentially catering to diverse needs and budgets.
• A Retail Podium: Residents and visitors will be treated to convenient access to retail outlets, adding vibrancy and fostering a sense of community.
• A First-of-its-Kind Serviced Apartment Concept: Marking a significant shift, the project introduces approximately 435 long-stay serviced apartments. These units will require a minimum stay of three months, deviating from the standard seven-day minimum for traditional serviced apartments.

Pioneering Long-Stay Serviced Apartments

The inclusion of long-stay serviced apartments addresses a growing demand in the Singaporean rental market. The recent surge in residential rents has fueled a need for flexible, yet extended, accommodation options. This innovative concept caters to professionals, expatriates, or those seeking a temporary home while exploring permanent residency options.

Benefits of the Long-Stay Model

The extended minimum stay fosters a sense of community and stability within the building. Tenants seeking longer-term accommodation can benefit from:

• Greater Stability: A three-month minimum stay offers tenants a more secure living arrangement compared to traditional serviced apartments.
• Potentially Lower Costs: Extended stays might translate to lower rental rates compared to shorter-term options.
• Enhanced Sense of Community: Residents with longer tenancies can foster connections with neighbors, creating a more cohesive living environment.

Expertise of the Developers

The collaboration between CDL, a leading Singaporean developer renowned for its innovative and sustainable projects, and Mitsui Fudosan, a prominent Japanese developer with a global reputation, promises exceptional execution. Their combined expertise in design, construction, and property management ensures residents a superior living experience.

Impact on the Vicinity

The Zion Road GLS is poised to revitalize its surroundings. The inclusion of a 600-square-meter childcare center caters to the needs of working families within the vicinity. Additionally, the integrated retail podium fosters convenience for residents and contributes to the neighborhood’s vibrancy.

A Look Towards the Future

The Zion Road GLS stands as a testament to forward-thinking development. By introducing a novel long-stay serviced apartment concept and offering a diverse range of residential options, the project caters to evolving market needs. This groundbreaking initiative promises to redefine urban living in Singapore, setting a new standard for innovation and community building.

Register below for more information on the Zion Road GLS by CDL-Mitsui Fudosan