Promenade Peak Fact Sheet
| Description | Details |
| Developer | Allgreen Properties |
| District | 3 |
| Address | 1 Zion Promenade |
| Lease Tenure | 99 Years Leasehold |
| Land Size | 9,285.9 sqm / 99,955.28 sqft |
| Plot Ratio | 5.6 |
| Max Building Height | 240m |
| No. of Units | 596 Units |
| No. of Block | 1 |
| No. of Floors | 63 Floors |
| No. of Carpark Lots | 477 Lots (3 Basement Levels) |
| No. of Bicycle Lots | 149 Lots |
| Construction Method | PPVC |
| Refuse System | Pneumatic Waste Conveyance System |
| Master Plan Zoning | Residential |
| Others | Bin Center (B3) & Substation (B2) |
Unit Mix & Distribution
| Unit Type | Level | Area (sqm) | Area (sqft) | Total No. of Units | Percentage (%) |
| 1 Bedroom + Study | 02 – 42 | 49 | 527 | 80 | 13.42% |
| 2 Bedroom | 02 – 42 | 61 – 64 | 657 – 689 | 200 | 33.56% |
| 2 Bedroom + Study | 02 – 42 | 71 – 74 | 764 – 797 | 120 | 6.76% |
| 3 Bedroom | 02 – 62 | 96 – 100 | 1,033 – 1,076 | 80 | 13.42% |
| 3 Bedroom Premium | 44 – 62 | 108 – 111 | 1,163 – 1,195 | 38 | 6.36% |
| 4 Bedroom Premium | 44 – 62 | 132 – 147 | 1,421 – 1,582 | 57 | 9.56% |
| 5 Bedroom Premium | 44 – 62 | 175 | 1,884 | 19 | 3.19% |
| Penthouse | 63 | 385 | 4,144 | 2 | 0.34% |
| Total | 596 | 100% | |||
Design Features
Promenade Peak is a 63-storey majestic residential tower developed by Allgreen Properties. It is located at 1 Zion Promenade in District 3, Singapore. The project is designed to offer a luxurious living experience with sweeping, panoramic views stretching from the iconic Singapore River to the vibrant Orchard Road skyline.
1. Architectural Design
Promenade Peak is a striking 63-storey residential tower designed by DCA Architects Pte Ltd, featuring a sleek, modern silhouette that maximises panoramic views of Singapore’s skyline, including the Singapore River and Orchard Road. Key architectural highlights include:
- Height and Scale: At 240 metres, it is one of the tallest residential developments in District 3, with a plot ratio of 5.6 and PPVC (Prefabricated Prefinished Volumetric Construction) for efficiency.
- Dual-View Units: Select stacks (e.g., Stack 01, 06, 09) offer dual-aspect layouts for unobstructed vistas.
- Private Lift Access: Premium units (Levels 44–62) feature dedicated private lifts, enhancing exclusivity.
- Sustainable Systems: Incorporates a pneumatic waste conveyance system and energy-efficient building services by Belmacs Pte Ltd.
2. Site Design
The development is strategically located at 1 Zion Promenade (99-year leasehold) with:
- Efficient Layout: Single-tower configuration with 596 units across 63 floors, optimising space on a 9,285.9 sqm land parcel.
- Basement Utilities: Includes 477 carpark lots, bicycle parking (149 lots), bin centre (B3), and substation (B2).
- Accessibility: Proximity to Great World and Havelock MRT stations and amenities like Zion Riverside Food Centre.
3. Landscape Design
Landscaping integrates tiered recreational zones:
- Grand Promenade (Level 1): Features a 50m lap pool, sun decks, and reflective ponds.
- Social Peak (Level 22): Leisure lounges and garden enclaves.
- Wellness Peak (Level 43): Gymnasium, outdoor fitness areas, and revitalisation pools.
- Sky Peak (Rooftop): Infinity pool and function rooms with sweeping city views.
4. Facilities Design
Curated for luxury and convenience:
- Recreational Hub: Pickleball court, hydrospa bay, children’s play pool, and family pavilions.
- Smart Amenities: Tree Top Walk (Level 1 Canopy), club lounges, and alfresco dining spaces.
- Security: Gated arrival plaza with guard house and side gates for controlled access.
5. Interior Design
Units are outfitted with high-end finishes and flexible layouts:
- Premium Materials: Engineered timber oak flooring, 1,200 x 1,200 mm tiles in living areas, and full-height slab wall tiles in bathrooms.
- Luxury Appliances: Miele kitchen appliances (hob, steam oven, washer) and Liebherr wine chillers in premium units.
Space Optimisation:
- 1–2 Bedroom Units: Study areas convertible to enclosed rooms.
- 3–5 Bedroom Premium Units: Walk-in wardrobes, island kitchens (Ernestomeda cabinetry), and bathtubs in master bathrooms.
- Penthouse (Level 63): Expansive 385 sqm layout with dual-aspect living spaces.
Sustainability & Aesthetics:
The design emphasises environmental stewardship through energy-efficient systems and green spaces, while interiors blend functionality with elegance (e.g., Caesarstone quartz countertops, Laufen washlets).
The Developer of Promenade Peak Condo
Allgreen Properties Ltd is the developer of Promenade Peak Condo. Established in 1986, and being a member of the Kuok Group, it specialises in residential, retail, commercial, serviced apartments and hotel developments.
Besides Singapore, its business extends to Malaysia and major cities in China.
Its award-winning projects, such as Tanglin Mall and Great World City, are a testament to its commitment to quality, sustainability, and innovative urban living solutions.
Residential developments in Singapore that it has completed include Pasir Ris 8, Royalgreen, and Juniper Hill.
What are the Prices for Promenade Peak Condo?
The prices for Promenade Peak Condo are not available yet. But based on its land cost and prices of new developments in the area, it is estimated to sell at an average price of $2,700 psf to $2,800 psf.
At the Singapore government land sale in July 2024, Allgreen Properties submitted a winning bid of $730.1 million, translating to a land rate of $1,304 per sq ft per plot ratio (psf ppr).
In comparison, Irwell Hill Residences nearby has transacted at higher average prices of $2,800 psf to $2,900 psf. This can be attributed to its higher land cost of $1,515 psf ppr when the site was awarded in January 2020.
Where is Promenade Peak Condo Located?
Promenade Peak Condo (Parcel B) is situated between Zion Road and Kim Seng Road in Singapore’s Prime District 9.
Across Zion Promenade and Kim Seng Promenade lies Great World City Shopping Centre, just 110m away.
Next to it is an upcoming mixed development incorporating long-stay serviced apartments. Named Zyon Grand, it will be jointly developed by City Developments and Mitsui Fudosan.
Promenade Peak also enjoys proximity to two MRT stations on the Thomson-East Coast Line - Great World and Havelock. They are a mere 3 to 4-minute stroll from the development.
Nearby are the popular Zion Riverside Food Centre and various eateries, as well as Kim Seng Park.
Robertson Quay, an upscale locale with diverse alfresco dining options, is just a 12-minute walk away.
Brief Background About the River Valley and Zion Road Area
Once a riverside enclave of gambier and nutmeg plantations in the 19th century, River Valley Road has gradually evolved into one of Singapore’s most sought-after residential precincts.
House of Tan Yeok Nee
Nevertheless, its rich heritage lingers, with conserved shophouses and buildings, such as the Tan Yeok Nee Mansion, a testament to its enduring legacy.
Today, the area hums with life, featuring modern amenities, chic condos, bustling cafes, and a tapestry of cultures that blend old-world charm with modern sophistication.
Leafy avenues, riverfront parks, and proximity to the CBD and Orchard Road make it both exclusive and effortlessly connected.
Transportation Connectivity
Great World and Havelock MRT Stations
Promenade Peak is conveniently located between two MRT stations on the Thomson-East Coast Line (TEL) - Great World and Havelock.
Being just a 3 to 4-minute walk away, they offer efficient travel across many parts of Singapore, especially with the Outram and Orchard MRT Interchange just one to two stops from the development.
The Outram station is an interchange for the Thomson-East Coast/East-West/North-East Line, while Orchard is an interchange for the Thomson-East Coast/North-South Line.
This excellent transportation connectivity offers residents not only to major shopping and leisure destinations like Orchard Road and Marina Bay, but also to key employment hubs such as the Central Business District, Marina Bay Financial Centre, Greater One-North, Jurong Lake District, and Woodlands Regional Centre.
Many public buses are also readily available, providing commuting options to places such as Orchard Road, City Hall, Shenton Way, and Chinatown.
Roads and Expressways
For residents with private transportation, major roads such as Zion Road, Kim Seng Road, and River Valley Road are close by. These roads provide seamless connections to two major expressways – Ayer Rajah Expressway (AYE) and Central Expressway (CTE) – which can be reached within a 2 to 6-minute drive.
Shopping & Amenities Near Promenade Peak
Great World City: Residents of Promenade Peak will enjoy convenient access to a wide range of amenities as the Great World City Shopping Centre is just a 4-minute walk away.
Besides offering a diverse mix of retail stores, lifestyle services, eateries, and entertainment, including a cinema, it is also home to two supermarkets - Cold Storage and Meidi-Ya. The latter is known for its high-quality, often imported Japanese gourmet foods and products, which include bakeries and beverages.
Orchard Road: Singapore’s world-renowned shopping destination, it is just one MRT stop away on the Thomson-East Coast Line. Here, residents can explore even more lifestyle, leisure and entertainment options, as well as shop for international luxury.
Great World City Shopping Centre
Ion Shopping Mall at Orchard Road.
Zion Road Riverside Food Centre
Tiong Bahru Market and Food Centre
Kim Seng Park
Alexandra Park Connector
River Valley Primary School
School of the Arts (SOTA).
International Schools
Due to Promenade Peak’s convenient access to many international schools, it offers an attractive housing option for expatriates seeking quality education for their children.
Given the ready pool of potential tenants working nearby in Orchard Road, Central Business District, and Marina Bay Financial Centre, this will appeal to property investors. Some of the international schools nearby include:
- Dimensions International College (River Valley Road).
- Astor International School (Kay Siang Road).
- Invictus International School (Loewen Road).
- Melbourne International School (Loewen Road).
- EtonHouse International School (Tanglin Road).
- Dynamics International School (Orchard Road).
- Furen International School (Claymore Hill).
- NPS International School (Scotts Road).
- Knightsbridge House International School (Jalan Bukit Merah).
Conclusion: Investment Potential of Promenade Peak
With its central location and a Prime District 9 address, a short walk to two MRT stations, convenient access to amenities, schools and recreational facilities, Promenade Peak offers an appealing choice.
Given the slate of new property launches in the River Valley/Zion Road areas, homebuyers and property investors may benefit from the competition between developers to clear their stock.
In addition to Promenade Peak, the following are the three other upcoming new launches, along with their respective land costs:
- River Green Condo (River Valley Green Parcel A): $1,325 psf ppr.
- River Modern (River Valley Green Parcel B): $1,420 psf ppr.
- Zyon Grand (Zion Road Parcel A): $1,202 psf ppr.
In comparison, Promenade Peak’s (Zion Road Parcel B) land cost is $1,304 psf ppr, which is the second lowest of the four new projects.
Nevertheless, due to the choices available, key factors such as pricing, development design and quality, as well as developers’ reputation, will be crucial differentiators.
Additionally, they offer different housing types. Promenade Peak and River Green are pure condominium developments.
For River Modern and Zyon Grand, they are mixed-use developments that include ground-floor commercial spaces, with the latter also featuring long-stay apartments.
Comparative Market Analysis
With the recent increase in private housing supply, it's an opportune time to evaluate investment opportunities within Singapore's Core Central Region (CCR).
Over the past decade, the average price per square foot (psf) for new condominium launches in the CCR, Rest of Central Region (RCR), and Outside Central Region (OCR) has shown a marked convergence. However, recent market data points to a reversal in this trend.
In 1Q 2025, the price premium of CCR new launches over those in the RCR and OCR narrowed significantly to 4.45% and 30.35%, respectively. But, in 2Q 2025, this premium rebounded sharply to 22.23% over RCR and 67.55% over OCR, potentially signalling a re-widening of the price gap (See chart below).
10-Year Average PSF Price Trend in CCR, RCR and OCR
This development suggests that the previous narrowing of CCR’s price premium may have reached a inflexion point, indicating a potential market correction. For investors considering a prime District 9 property, the current conditions could present a strategically timed entry opportunity.
Further supporting this perspective are the results of two recent Government Land Sales (GLS) in the OCR (suburban). At the land tender for the Bayshore (March 18, 2025) and Chuan Grove (July 8, 2025) sites, they hit a land rate of $1,388 psf ppr and $1,376 psf ppr, respectively.
This is higher than the land rates for three of the four River Valley/Zion Road sites, which will provide further impetus for a reversal in the CCR/RCR and CCR/OCR price gaps.
To receive the latest information on Promenade Peak or the property market, please WhatsApp me.
