Land Acquisition and Development Details
Allgreen Properties secured the Zion Road Parcel B site for a winning bid of S$730.09 million, which translates to a land rate of S$1,304 per square foot per plot ratio (psf ppr). This strategic investment reflects the developer’s confidence in the area’s growth potential and the demand for luxury housing in District 9.
The development is expected to yield approximately 610 residential units, offering a diverse range of options for singles, families, and investors. With its prime location and the reputation of Allgreen Properties, Promenade Peak is poised to set a new standard for upscale living in Singapore.
Estimated Pricing for Promenade Peak
While the official price list for Promenade Peak has yet to be released, industry experts have made educated estimates based on the land acquisition cost and current market trends. Given the land rate of S$1,304 psf ppr and the premium nature of the development, analysts predict an average launch price of around S$2,800 per square foot (psf).
This estimate aligns with recent transactions in District 9, where luxury condos have been selling between S$2,500 and S$3,000 psf. The pricing also reflects the high-quality finishes, modern architecture, and world-class amenities that Allgreen Properties is known for.
Investment Potential: Why Pricing Matters
The pricing of Promenade Peak is not just about affordability—it’s also a key factor in its investment potential. With its prime location near Havelock MRT and Great World City, the condo is poised to attract strong rental demand from professionals, expatriates, and families. The development’s proximity to Orchard Road and the Central Business District (CBD) further enhances its appeal, ensuring high occupancy rates and rental yields.
For investors, the estimated pricing of around S$2,800 psf offers a competitive entry point into one of Singapore’s most prestigious districts. As the area continues to develop, with ongoing infrastructure improvements and limited new launches, Promenade Peak is well-positioned for long-term capital appreciation.
Kindly Register Your Interest or call us at +65 6100-6688 before coming over to view Promenade Peak Showroom as our show gallery may not be open at certain days/time.
Online registrants who booked an appointment here will expect to secure Direct Developer Price and no commission is payable. Please be informed that units for sale at Promenade Peak are on first come first serve basis.
Upon successful registration, you will receive an email and our staff will be in contact for a confirmation. The balance units of Springleaf Residence is updated regularly, interested parties can check back for updates. The Promenade Peak Price List is not released yet but registration for VVIP Preview has started. Kindly leave down your contact details to be updated on the latest information!
