Zyanya Condo @ Geylang

The site was put up for sale for its attempt for enbloc sale back in 2020 after over 80% of Advance Apartment’s owners gave their consents and with their reserve price of $26.5 million. This enbloc site in Geylang had attracted many interests and inquiries from small and medium sized real estate developers when its public tender was launched in October 2020. The land plot was successfully acquired in December 2020 with the sale price of $26.5 million which exactly matched the owners’ reserve price. The sale proceeds for the owners of Advance Apartments works out to be from $1.7 million to $2 million.

The winning bid worked out to be $861 per square feet per plot ratio and with and $3 million and a bonus gross floor area for the balcony of 7%, the acquired price is translated to $877 per square foot per plot ration. This freehold site has a plot area that covers approximately 11,429 square feet and with a gross plot ratio of 2.8. This works out the maximum gross floor area to be around 32,001 square feet. According to the 2019 Master Plan by the Urban Redevelopment Authority, it can build up a maximum of 8 storeys.

Zyanya Condo’s location is very strategically location and has many strong attributes. This development is not only located centrally but also has great connectivity as well as good potential for growth. One of the numerous advantages for Zyanya Condo will be its stone throw distance away from the MRT Station. This will be one of the critical factors that will affect the decision of a home buyer since most of the will prefer to be near to MRT. Other than that, the development is also near to many dining options and also leisure and lifestyle amenities in Kallang, Sims Avenue, Paya Lebar, Aljined and Geylang. It is also short distances away from the major lifestyle and leisure hubs as well as business and commercial centres of the island. This is why Zyanya Condo is likely to draw many home buyers and investors to consider their development as their homes and/or investment asset.

The Geylang estate has been undergoing rezoning changes in order to prevent the friction between the residents here and those visitors for vice activities. In the future, there will be lesser residential zones in the Geylang area. The stretch between Lorong 4 to Lorong 22 is zoned for commercial usage which will mean that private residential development will become rare resources there make them highly sought after.

With this rezoning, it means that Geylang will be a sound locality and has future prospect to becoming a small sized business hub. As this estate is close to the downtown financial district, which is approximately 10 minutes’ drive away, there will be a potential for small and medium sized enterprises to set up their offices here.  The location here is also easily accessible via the MRT network which allows quick traveling to different corners of this district.

The Geylang area is an excellent location for commercial purposes and it is likely to be development into a hub soon given its short distance the new Paya Lebar Business Hub. When this happens, it will actually bring up the demand for private residential rental to ramp up when the businesses shift in.

With the relocation of the Paya Lebar Airbase in 2030, the plot ratio or building height restrictions will be changed in its vicinity. Geylang is likely to change too with its close proximity. With these changes, prospective real estate developers will be looking into acquiring more lands for redevelopment here since they could potential build more units on the same land size. This will make Geylang residential developments good for long term investing. 

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This MRT Service Linke will start running from the industrial estate of Tuas and then heads towards the Jurong sprawling township before it heads east and go through the “school districts” of universities at the Clementi and Dover areas and later head towards the Singapore’s research and development hub, Buona Vista, before heading towards the matured residential estates of Commonwealth, Queenstown, Redhill and Tiong Bahru. It then heads south towards the downtown core of Tanjong Pagar, Raffles Place, civic district of City Hall and Bugis. The line then move North east direction towards Kallang, Paya Lebar commercial hub before it hit Eunos, Bedok and at Tanah Merah, commutes will be able to choose to transit to the Changi International Airport or continue their journey towards Simei, Tampines before it terminates at Pasir Ris.

For future residents of Zyanya Condo, they just need to head down 1 MRT station towards the Tanah Merah MRT Station direction to arrive at the Paya Lebar MRT Interchange Station which is also has the MRT Circle Line. The MRT Circle service line is linked to the MRT North East Line, MRT East West Line and MRT North South Line to the central area. It intersects the these existing MRT service lines at key MRT Interchange stations and bypasses the bustling Raffles Place and City Hall MRT Interchange Station which in turns shortens traveling time between the west, east and north of Singapore that offers more conveniences to future residents of Zyanya Condo.

If future residents use the MRT service line towards the Tuas direction, they will reach Bugis MRT Interchange Station in just 2 MRT Stations away where they could transit to the MRT Downtown Line which could reach them to residential regions such as Bedok Reservoir, Bukit Timah as well as Bukit Panjang. This MRT service line also serves as an alternative to travel to the East Region, connecting directly to the Tampines Regional Hub as well as the Changi International Business Park.

For drivers, the site is conveniently linked to major arterial roads such as the Sims Avenue, the Aljunied Road and the Geylang Road and near to major Expressways such as the Pan Island Expressway, the Kallng Paya Lebar Expressway and the East Coast Parkway. This will allow them to reach the Central Business District in approximately 10 minutes, the Marina Bay Sands in approximately 10 minutes, the Orchard Shopping Belt in approximately 15 minutes and the Changi International Airport in approximately 25 minutes via driving.

Besides, Geylang also has many prospective tenants. Many expatriates are actually renting private residential units in Geylang due to the easy accessibility to essential amenities, and short distances to their workplaces as well as the affordability of the rental here as comparing to residential developments that are located in the town area. Although the monthly rent in terms of dollars and cents is low, but the rental yield here can be quite high as price of condominiums here are priced lower than those in other parts of town. And as the rezoning takes place, it will be more difficult to find apartment units here which have the potential to push up the rental income here.

Amenities
In terms of amenities, there is no lack when living at Zyanya Condo. For dining and shopping facilities, there are various choices for future residents of Zyanya Condo to head down to without having to travel far from their homes. Some of these shopping destinations that are just within short drives away from the development include the PLQ Mall, the Paya Lebar Square, the Kinex mall, the Singapore Post Centre, the Leisure Park Kallang, the Kallang Wave Mall and the Joo Chiat Complex.

At the PLQ Mall, future residents will be able to enrich their worlds with numerous moments. They will be able to experiencing quality retail time, daily conveniences as well as amazing options for dining. They could enjoy exciting events, alfresco dining as well as have refreshing strolls in the park located at the mall’s outdoor spaces. This mall has more than 200 stores that are of curated mixture. Future residents will able be able to enjoy numerous new experiences at this moment which is the eastern social core. They could find almost everything they need here from banking, groceries shopping to getting some stationaries for their children. Everything is all under one roof and just next to the MRT Station. They will be delighted with an extensive variety of food and beverage options here which they could celebrate special events such as anniversaries and birthdays and even festive holidays from hotpot, wines to a feast of seafood. There is also plenty of recreational entertainment facilities here such as cinemas, gym as well as arcade centre.

Zyanya Condo is also very close to many major food centres where future residents will be able to find plenty of delicious and cheap local food fare options available. The Sims Place Blk 49 Market and Food Centre, the Kallang Estate Fresh Market and Food Centre, the Old Airport Road Blk 51 Food Centre and Shopping Mall, the Blk 117 Aljunied Market and Food Centre, the Blk 89 Circuit Road Market and Food Centre, the Blk 4A Jalan Batu Market and Food Centre, the Bllk 17 Upper Boon Keng Market and Food Centr, the Blk 13 Haig Road Market & Food Centre, the Blk 79 Circuit Road Food Centre, the Blk 80 Circuit Road Market and Food Centre and the Geylang Serai Market and Food Centre are just short distances away from the development. Future residents will not just able to get their indulgence at these places but they could also get their fresh market produce such as fresh fish, meat, poultry and fruits.

Schools
For families with school going children, there is never shortage of educational facilities when it comes to living in Zyanya Condo. The development is close to many reputable nurseries, childcare centre as well as kindergartens in its vicinity for the young tots to kick of their education pathway. In terms of primary schools, the highly sought after Geylang Methodist School (Primary) and Kong Hwa School are just within 1 km from the development and Canossa Catholic Primary School is within 2 km from it.

For secondary schools in this vicinity, there are Geylang Methodist School (secondary), Broadrick Secondary School , Chung Cheng High School (Main) , Dunman High School, Tanjong Katong Girls’ School, Macpherson Secondary School and Tanjong Katong Secondary School. For the expats, the Nexus International School as well as the Canadian International School (Tanjong Katong Campus) are short distances away. Zyanya Condo is also very close to the James Cook University that is located in Sims Drive.