Promenade Peak

Promenade Peak is a 99-year leasehold condominium on Zion Road in District 3, in the River Valley and Great World precinct. It is a 63-storey development of 596 residences by Allgreen Properties. Great World station on the Thomson-East Coast Line is about two minutes on foot.

This page is maintained by the Finest SRI team from the developer’s unit chart. It lists the layouts we can currently transact, the working behind each psf, and one pattern in the pricing that is worth understanding before you choose a layout.

Promenade Peak at a glance

• Address: 1 Zion Prom, Singapore 169564 (District 3)
• Tenure: 99-year leasehold
• Development: 63 storeys, 596 residences
• Developer: Allgreen Properties
• Layouts available: 1 to 5 bedrooms, 527 to 1,884 sqft
• Entry price: $1,462,300
• Nearest MRT: Great World, Thomson-East Coast Line, about 2 minutes on foot

The pricing pattern most buyers miss here

At most developments the rate per square foot falls as units get larger. At Promenade Peak it does the opposite, and it does so consistently:

• 1 bedroom, 527 sqft — $2,775 psf
• 2 bedroom, 689 sqft — $2,987 psf
• 3 bedroom, 1,033 sqft — $3,110 psf
• 4 bedroom, 1,421 sqft — $3,261 psf
• 5 bedroom, 1,884 sqft — $3,417 psf

Every one of those is that layout’s own price divided by its own floor area, the same method we use on every page. The five-bedroom carries a rate 23 per cent higher than the one-bedroom.

In a 63-storey tower this usually reflects height and outlook: the larger layouts sit higher, and the view is being priced. It matters practically because it means the usual assumption that buying bigger gets you a better rate does not hold here. If you are comparing Promenade Peak against another project on entry psf alone, you are comparing its entry layout against their whole range.

For reference, the median across the 32 condominium listings where we publish both a price and a floor area is $2,780 per square foot. Only the one-bedroom at Promenade Peak sits near that median; everything above it is priced above.

The location argument, stated plainly

Two minutes to Great World station is the substance of the case, and the Thomson-East Coast Line is a useful one to be on: it runs through Orchard, Marina Bay and Shenton Way without a change. Great World City is at the station, so the everyday retail question is answered at the door rather than a drive away.

The trade-off is that this is a dense, tall, city-fringe address. A 63-storey tower is not a low-rise enclave, and River Valley is busy. That suits people who want to be in the middle of things and does not suit people who want quiet.

Who this project tends to suit

• Buyers who want city-fringe with rail at the door. Two minutes is genuinely two minutes.
• Landlords letting to professionals in the CBD, Marina Bay or Orchard. The one- and two-bedroom layouts are what that pool rents.
• Buyers who want height and view and are willing to pay the rate for it. The pricing above says plainly what that costs.

Who should probably look elsewhere

• If you want the best rate per square foot on a large unit. Here, larger costs more per foot, not less. Several projects we market run the other way.
• If you want low-rise or quiet. This is a tower on a busy road.
• If freehold matters to you on principle. This is a 99-year lease.

Frequently asked questions

Where is Promenade Peak?
1 Zion Prom, Singapore 169564, on Zion Road in District 3, in the River Valley and Great World precinct.

Who is the developer?
Allgreen Properties.

How many units are there?
596 residences across 63 storeys.

What is the tenure?
99-year leasehold.

What is the entry price?
$1,462,300 for a 527 sqft one-bedroom, which is $2,775 per square foot.

Which MRT station serves it?
Great World on the Thomson-East Coast Line, about two minutes on foot. Havelock is the next station along.

When does it complete?
Ask us for the current completion date before you plan around it.

Which layout gives the best rate?
On rate per square foot alone, the one-bedroom. Whether that is the right unit for you is a different question, and it depends on whether you are buying to live in or to let.

Before you decide

Run the numbers before you view. Condo buying costs in Singapore covers stamp duty, loan limits and the progressive payment schedule with the official source for each. Condo unit mix explained covers why bedroom labels are not sizes, and how the maintenance fee is calculated explains what you will pay monthly. For where this sits against the market, see condo prices by district and psf.

Speak to our team

Prices, sizes and completion dates come from the developer, are indicative, and can change without notice. Availability moves daily, so ask us for the current chart before you decide on a stack. Finest SRI is part of SRI Pte Ltd, agency licence L3010738A. Every enquiry is handled by a CEA-registered salesperson.