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Singapore’s Tallest New Condo Comes With the Highest Infinity Pool: Is The 63-Storey Promenade Peak Worth A Look?
Promenade Peak is a prominent new condominium development anticipated for launch in 2025, drawing significant attention since its land parcel (Zion Road Parcel B) was released from the reserve list in April 2024. Developed by Allgreen Properties under its subsidiary Valerian Residential Pte. Ltd., the project is slated to be the tallest tower in its precinct at 63 storeys. The developer secured the site with the highest offer of $730.1 million, equating to $1,304 psf per plot ratio, which was 20.8 percent above the minimum trigger price. This substantial bid, made during a subdued market, reflects confidence in its potential.
The development's location at 1 Zion Promenade (District 03) is considered a prime city-fringe site. It is strategically positioned opposite Havelock MRT station (Thomson-East Coast Line), providing convenient access to Outram Park (East-West Line and North-East Line). Great World City, a multi-story shopping mall with office towers and serviced apartments, is only 200 meters away, with Orchard Road, Clarke Quay Central, and UE Square Mall also a short drive away. Educational accessibility is also a strong point, with Alexandra Primary and River Valley Primary likely within a one-kilometer radius for primary school enrollment. However, the area is prone to peak-hour traffic congestion, which might favor higher-floor units for their tranquility.
A key feature of Promenade Peak is its height, promising unimpeded views of the Singapore River and surrounding cityscape from its upper floors. The project is a "post-harmonisation" condo, meaning unit sizes reflect actual liveable space, excluding features like air-con ledges. The unit mix predominantly comprises one- and two-bedroom units, making up over half of the total 596 units, catering to individuals, small families, and investors. Larger units, including three- to five-bedroom configurations and two penthouses, are located on higher floors, with the penthouses occupying the 63rd storey. A notable amenity is the infinity pool on the topmost floor, offering panoramic views.
Estimated pricing for Promenade Peak ranges from $2,800 to $3,000 psf, with realtors suggesting lower floors could start around $2,400 psf. This positions it as a premium yet potentially accessible option within the city-fringe area. While its 99-year leasehold tenure might be a consideration for some buyers who prioritize freehold status, the project's unique attributes, such as its height and strategic location, are expected to mitigate this. Competitors in the vicinity include Rivière, Irwell Hill Residences, The Avenir, and Rivergate, each offering distinct features in terms of tenure, age, and facilities.
Promenade Peak's purely residential nature distinguishes it from the adjacent mixed-use Parcel A, potentially appealing to buyers seeking a more exclusive living environment without direct integration with retail crowds. The project is designed to appeal to both owner-occupiers and investors, with smaller units suitable for rental income targeting professionals working in the CBD. Overall, Promenade Peak is positioned as a significant new launch for 2025, combining strong locational advantages, diverse unit offerings, and unique amenities to attract a broad range of buyers.
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