Description
Price Per Square Foot (PSF)
Prestige Pricing, Prime Positioning
Promenade Peak is positioned as a luxury condominium landmark in Singapore’s coveted District 9, and its projected PSF reflects this status:
- Land Acquisition Benchmark: The Zion Road Parcel B land was secured at approximately S$1,304 PSF per plot ratio (PSF ppr).
- Expected Launch Range: Analysts anticipate the launch price to hover around S$2,800 PSF, consistent with luxury standards in mature districts.
- Indicative Secondary Listings:
- A 1-bedroom unit (~441 sq ft) is listed at approx. S$2,920 PSF.
- A 700 sq ft unit is priced at approx. S$2,857 PSF.
- Market Context: The broader Rest of Central Region (RCR) condominium market is trading at about S$2,466 PSF, with many new launches within the S$2,500–3,000 PSF range.
PSF Pricing Analysis
| Metric | Estimated PSF (S$) |
|---|---|
| Land Acquisition Rate | ~1,304 ppr |
| Expected Launch Price | ~2,800 |
| Current Listings (1-Bed & Studio) | 2,857 – 2,920 |
| RCR Market Average | ~2,466 |
Takeaway
Promenade Peak’s PSF aligns with premium market expectations—notably higher than average RCR values—but positions well within the precedent for upscale District 9 launches. For buyers and investors, it represents urban prestige at a commanding address.