Promenade Peak

Promenade Peak is Allgreen's landmark play on Zion Road, a 596-unit development in District 3 that pushes to 63 storeys and, in doing so, buys something scarce on the city fringe: height. The upper stacks look across the Singapore River towards the CBD on one side and over Tiong Bahru towards the southern waterfront on the other, and because the immediate surrounds are low-rise conservation shophouses and older estates, those views have a reasonable expectation of being retained. Tenure is 99 years, TOP is expected in 2031, and the unit mix runs from 527 sqft one-bedroom-plus-study layouts up to 4,144 sqft five-bedroom premium units with private lift access — a spread that lets the project serve investors, upgraders and multi-generational families from the same address.

Location is the anchor of the investment case. Havelock MRT on the Thomson-East Coast Line is roughly five minutes on foot, putting Orchard within two stops via Great World and Marina Bay and Gardens by the Bay within a short direct ride. River Valley, Robertson Quay and Tiong Bahru form the everyday lifestyle catchment, with Great World City and Valley Point handling groceries and retail, and Zion Riverside Food Centre and Tiong Bahru Market covering the hawker end. Drivers reach the AYE, CTE and MCE quickly, which matters for the CBD, Marina Bay and the airport run. This is Rest of Central Region on paper and Core Central Region in daily use, and that gap is where the value sits.

The trade-offs are straightforward. Entry pricing starts around $2,775 psf and climbs past $3,600 psf on the premium stacks, which is firm for leasehold tenure, and the 2031 completion means buyers are underwriting a long hold before occupation or rental income begins. Zion Road itself carries steady traffic, so the lower and road-facing stacks will feel busier than the elevated units that define the project's appeal. For a buyer who intends to hold through TOP and values a genuinely differentiated high-floor product near a Thomson-East Coast Line station, the mathematics work. For someone optimising on quantum alone, larger Outside Central Region launches will price better per square foot.

Promenade Peak sits at 1 Zion Promenade in District 3, at the edge of the River Valley belt. Havelock MRT on the Thomson-East Coast Line is about a five-minute walk, with Great World MRT one stop away and Orchard reachable in two. Drivers access the AYE and Central Expressway within minutes for the CBD, Marina Bay and the airport, while the Marina Coastal Expressway serves the southern waterfront. Great World City, Valley Point, Robertson Quay and Tiong Bahru are all within a short drive or a comfortable walk, and the Singapore River promenade runs directly along the northern edge of the neighbourhood.

Promenade Peak's case rests on scarcity of height and proximity to a Thomson-East Coast Line station at Rest of Central Region pricing. The rental thesis is strong — River Valley and the CBD generate consistent expatriate demand, and the compact one and two bedroom stacks will let well. Capital upside hinges on entry discipline: secure a high-floor stack with a protected outlook at launch pricing and the 2031 completion becomes an advantage rather than a cost. Request the live unit availability and price list early, as the view-facing premium stacks are the first to clear.