Zion Road GLS Price (and WHY NO CHANGE in 8 years?)

Video description from @singaporepropertypro

Zion Road GLS Price (You Won't Believe The Condo Price Next)

Discover insights on Singapore's Zion Road Parcel A land tender and what the low bid price means for future condo launches and investment potential in the area.

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##Intro Zion Road Parcel A
- Government awarded cheap land parcel to sole bidder
- Customer asked if this means waiting will get good deal

## Why Was It Awarded?
- Strange URA didn't reject low bid like Marina Gardens Crescent
- Bid was $1202 psf ppr, 8 years back in time vs nearby prices

## Comparing GLS Prices
- Martin Modern sold 2016 for $1239 psf ppr
- Riviere sold 2017 for $1733 psf ppr
- One Pearl Hill sold 2020 for $1515 psf ppr

## New SA2 Units Class
- Parcel includes 435 SA2 units (service apartments)
- Minimum 3 month stay to address long-term rental demand
- Government testing new property class as an incubator

## Will Developer Sell Cheap?
- Nearby condos already transacting at $2380 psf
- Example of Maxwell House en bloc sold low but launched high
- 20% developer profit on $1183 psf ppr = $2520 psf
- Actually launched at $3310 psf on average

## Nearby Resale Prices
- Irwell Hill Residences crossed $2600 psf in Q1 2023
- Riviere around $2800 psf, Martin Modern $2600 psf
- How will Zion Road parcel A compare when launched 2025?

## Predicted 2025 Launch Price
- Likely to launch higher than current nearby resale prices
- Based on data analysis of pricing trends in the area
- Consult for specific entry price recommendations

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