Promenade Peak, located in Zion Promenade, achieved significant sales success during its launch weekend, selling 56% of its 596 units by 2 August. The development, which is near River Green, saw robust demand for its two-bedroom and three-bedroom units, which accounted for 82% of sales. The four-bedroom units also performed well, with 47% of the 57 units sold. Kelvin Fong, CEO of PropNex, noted that the demand for larger units suggests many buyers are end-users seeking homes for personal use.
Prices at Promenade Peak began at $1.4 million for one-bedroom units, $1.8 million for two-bedroom units, and $2.8 million for three-bedroom units. The larger four-bedroom and five-bedroom units were priced between $4.6 million and $6.6 million. The variety of unit sizes, particularly the larger, family-friendly flats, is expected to appeal to HDB upgraders from nearby estates such as Tiong Bahru and Queenstown.
The development’s proximity to amenities like the Great World mall, two MRT stations, and Zion Riverside Food Centre enhances its attractiveness to potential buyers. As the latest project in the Rest of Central Region, Promenade Peak is set to boost sales in this sub-market in Q3 2025, alongside LyndenWoods in Science Park.
The launch of Promenade Peak was part of a broader trend, with three new private condo projects launched over the weekend, collectively selling over 62% of their inventory. This strong performance reflects continued confidence in Singapore’s residential property market.
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