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On July 18, the tender closing for the 99-year leasehold site at Zion Road (Parcel B) saw two bids being submitted. The site, spanning 99,953 square feet, has the potential to yield approximately 610 residential units. Allgreen Properties, controlled by the Kuok family, emerged as the highest bidder with an offer of $730.09 million. This bid for the 99,953 sq ft site translates to a maximum gross floor area (GFA) of 559,745 square feet. Consequently, the bid price equates to a land rate of $1,304 per square foot per plot ratio (psf ppr).
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Factsheet
| Name | Promenade Peak |
| Type | Condominium |
| Developer | Valerian Residential Pte. Ltd. Subsidiary of Allgreen Properties Limited |
| Architect | TBA |
| Address | 1 Zion Promenade Singapore 169564 |
| District | 03 |
| Tenure | 99 years commencing from 4 November 2024 |
| Site Area | 9285.9 sqm |
| No of blocks | 1 |
| Total Units | 596 |
| Carpark provision | 481 basement lots (inclusive of 4 accessible lots and 15 electric vehicle charging lots) There is no allocation of car parking lots for each unit. All parking lots are based on a first come, first served basis. In the event of shortage of car park lots, balloting shall be carried out. |
| Latest Vacant Possession Date | 6 February 2031 |
| Latest Date of Completion Notice Date | 6 February 2034 |
Factsheet
| Name | Promenade Peak |
| Type | Condominium |
| Developer | Valerian Residential Pte. Ltd. Subsidiary of Allgreen Properties Limited |
| Architect | TBA |
| Address | 1 Zion Promenade Singapore 169564 |
| District | 03 |
| Tenure | 99 years commencing from 4 November 2024 |
| Site Area | 9285.9 sqm |
| No of blocks | 1 |
| Total Units | 596 |
| Carpark provision | 481 basement lots (inclusive of 4 accessible lots and 15 electric vehicle charging lots) There is no allocation of car parking lots for each unit. All parking lots are based on a first come, first served basis. In the event of shortage of car park lots, balloting shall be carried out. |
| Latest Vacant Possession Date | 6 February 2031 |
| Latest Date of Completion Notice Date | 6 February 2034 |
Key Selling Points
- New Private Homes in Bukit Merah Strategically situated near an array of amenities, including Great World City and the Havelock and Great World MRT stations, these homes offer unparalleled convenience.
- Perfect for Families with School-going Children Located within a 2km radius of eight primary schools, including the renowned Radin Mas Primary and St. Margaret's Primary School, making it an ideal location for families.
- Excellent Public Transport Accessibility Just a short 100m stroll to Havelock MRT Station on the Thomson-East Coast Line and conveniently located right across from Aft Blk 87 bus stop, providing easy access to all parts of Singapore.
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