Singapore’s Tallest New Condo Comes With the Highest Infinity Pool: Is The 63-Storey Promenade Peak Worth A Look?

Promenade Peak is an anticipated headline project for 2025. It was already watched and discussed in April 2024, when URA released this land parcel (Zion Road Parcel B) from the reserve list. The interest intensified when the developer – Allgreen Properties – announced Promenade Peak would be the tallest tower in the precinct at 63 storeys. Coupled with a location next to Havelock MRT (TEL), this is definitely one of the mega-launches of the year. Here are the key details: 

Overview of Promenade Peak

Buzz Before the Launch

Even before the tender was awarded, the Zion Road site was drawing attention. This parcel stands out for its proximity to Havelock MRT station (TEL), Great World City, and its river-adjacent position along a quiet stretch of Zion Road. 

The tender for Zion Road (Parcel B) was triggered from the reserve list in April 2024, with a minimum acceptable bid of $604.57 million. This marked the first time a developer committed to buying the site under the reserve list system in over a year, hinting at renewed confidence in the market. Allgreen Properties, bidding under its subsidiary Valerian Residential Pte. Ltd., eventually submitted the highest offer of $730.1 million, which translates to $1,304 psf per plot ratio, or 20.8 per cent above the minimum trigger price.

The substantial bid also made it one of the pricier land acquisitions in District 03 in recent years, which surprised some market watchers due to the subdued market at the time. 

Its proximity to the adjacent Parcel A site (sold to CDL and Mitsui) also sparked interest in a potential “mini enclave” transformation. Both parcels together signal a redevelopment opportunity along the Singapore River, with the promise of two flagship residential towers reshaping the Zion Road stretch. While Parcel A includes retail and serviced apartments, Promenade Peak remains fully residential, which would be considered a more exclusive positioning.

Location & Connectivity

Promenade Peak’s location is one of the best city-fringe sites, at least in our recent memory. It’s opposite Havelock MRT station (TEL), which is just one stop from Outram Park – this also means easy access to the EWL and NEL.

Great World City, a major 6-storey shopping mall with two 18-storey office towers and a 35-storey serviced apartment, is just 200 metres away. Otherwise, there’s a whole range of other malls near here: the Orchard Road stretch is only about a five-minute drive, as are Clarke Quay Central and UE Square Mall.

School access is also good, with multiple Primary schools likely within one-kilometre

A common trade-off, in some of our more central areas, is the lack of school access; but this doesn’t seem to be the case for Promenade Peak. Alexandra Primary, River Valley Primary, are likely within one-kilometre enrolment distance (although we’ll need to confirm this later, once actual postal codes can be used to check on OneMap.sg), while Zhangde Primary may be just slightly outside.

That said, there are some trade-offs which are common to hub areas like this one. Zion Road suffers from the same peak hour congestion that you find on other major roads; and that may further drive interest toward the higher floors. While developers do make provisions and buffers for noise, we commonly see these for highway facings, not roads.

And whilst most buyers are focused on Primary schools, we know some of you are more concerned with secondary or post-secondary education; but those options are unfortunately more limited within this area. 

The biggest selling point though, is that the upper floors will have unimpeded views despite being so close to the city centre

This is the tallest building in the area, and will provide a spectacular view of the Singapore River and the surrounding cityscape. We’re still awaiting details on which floors, exactly, will completely clear the height of the surrounding buildings; but given that nearby condos such as Rivière reach 36 storeys, anything above that should have an unimpeded view.

Known unit mix for Promenade Peak 

Note Promenade Peak is a post-harmonisation condo, which means the square footage excludes air-con ledges and other unusable spaces. So while it may appear smaller than some older condos on paper, the real livable space may be comparable.

The majority of units here are one- and two-bedders, with the two-bedroom units forming more than half the total count. However, the larger two-bedders at 798 sq ft may still be attractive to small families, particularly those seeking a balance of affordability and space.

Only the three-bedders and larger configurations span up to the 62nd floor (and two penthouses on the 63rd.) These higher-floor units are expected to offer the best views, though realtors have suggested even mid-floor units (e.g., around the 30th storey) could plausibly clear neighbouring developments for open outlooks; we’ll try to confirm this once full stack views are released.

Facilities and Site Layout

While the full site plan hasn’t been released, early details have mentioned the following:

• Infinity Pool, Lap Pool, Wading Pool
• Gym, Function Rooms, Fitness Corner
• Lounge Deck, Landscaped Gardens
• Playground and BBQ Area

One of the most outstanding details is a pool on the very top floor, which will provide unimpeded views. Although it wasn’t explicitly mentioned, we’d expect a concierge and private lift, as is common for such premium projects. Given the vertical nature of the project, sky decks or viewing terraces are also expected. 

We’ll update this with further details as they become available. 

Nearby alternatives to Promenade Peak 

Buyers considering Promenade Peak may also look at nearby condominiums like Rivière, Irwell Hill Residences, The Avenir, and Rivergate. From word on the ground, estimates of pricing range from $2,800 to $3,000 psf, given the land bid price of $1,304 psf. We will provide further updates on pricing as they become available. 

Freehold options include The Avenir and Rivergate, which may appeal to legacy buyers prioritising long-term value. The Avenir, with its TOP in 2024, is a luxury development with full facilities including a tennis court and landscaped gardens, and is currently averaging around $3,427 psf. Rivergate, completed in 2009, offers expansive grounds and two full tennis courts, and transacts around $2,918 psf, though it is older in terms of design and finish.

Newer leasehold projects such as Rivière (TOP 2023) and Irwell Hill Residences (TOP 2025) provide modern designs with extensive facilities. Irwell Hill includes a tennis court and sky lounges and averages $2,900 psf, while Rivière averages a similar $2,902 psf, though it lacks sports facilities like tennis.

Perhaps the strongest competition will be on the neighbouring plot, the aforementioned mixed-use development by CDL And Mitsui-Fudosan (see above.) While details are still forthcoming, the key differentiator will be that Promenade Peak is purely residential – buyers may prefer this or consider it more exclusive, as opposed to sharing space with a mall. Consider that any retail, dining, etc. in the neighbouring plot will also benefit Promenade Peak, without the residents having a shopping crowd below. 

Another competitor is a nearby new launch: River Green from Wing Tai Holdings. This project is adjacent to Great World MRT station (TEL). This project only reaches 36 storeys, but some might argue the location is equally strong. We’ll also be releasing a preview on River Green soon, which will provide more extensive details. 

Compared to these, Promenade Peak stands out for its height – a 63-storey tower with the best vantage points in the area – and its strategic location directly across from Havelock MRT (TEL) and Great World City. We don’t think the leasehold tenure will be a significant drawback, as many of its neighbours are also leasehold (Rivergate, whilst a famous condo, is significantly older and was completed in 2009.) 

Who is This For?

Promenade Peak appears geared toward a broad mix of buyers. The majority of one- and two-bedroom units cater to individuals and small families who like living near the city centre, without giving up school proximity. For investors, this can work just as well as a rental asset, catered to professional tenants who want to live near the CBD but avoid its density.

The inclusion of three- to five-bedroom units –  many located on the higher floors – means this can very much be a family home or owner-occupier indulgence as well.

Buyers who are deeply insistent on freehold status, however, may still gravitate toward nearby options like The Avenir or Rivergate. 

Our Take

Promenade Peak is one of those rare launches that hits multiple sweet spots – proximity to MRT, adjacency to a major mall, and unblocked (on higher floors) views. 

This project has a “best of both worlds” advantage: it’s only one street away from the CCR, but retains good proximity to schools and is shielded from the noisier crowds/traffic of the city core.

And whilst it’s never going to be the cheapest option, it does manage to stay premium without dipping into crazy ultra-lux pricing. At the estimates we were given ($3,000 psf), a 798 sq ft two-bedder, which is somewhat manageable for small families, is just about $2.39 million. So not cheap, but perhaps not completely out of reach. Realtors have mentioned that the lower floors may be even more affordable, possibly starting at $2,400 psf and scaling up accordingly to the 63rd floor. 

The 99-year leasehold may be a sticking point for some, especially given the presence of nearby freehold developments; but we do think this will be overlooked because of its uniqueness (tallest project in the area), as well as the strong location. 

Overall, Promenade Peak is shaping up to be a standout contender for 2025, even with the already high expectations. For a personalised walkthrough of whether this project fits your budget and requirements, do reach out to us for a consult.