With the recent COVID-19 virus situations, has the local real estate market been affected, and if so, how? Property rents …
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With the recent COVID-19 virus situations, has the local real estate market been affected, and if so, how? Property rents …
The post Virus situation may affect local property rental market appeared first on iproperty.com.sg.
Allgreen Properties (Allgreen) is pleased to announce the preview of its latest luxurious residential development, Promenade Peak, on 17 July 2025, with the official launch scheduled for 2 August 2025. Promenade Peak is a 99-year leasehold development featuring 596 units in a 63-storey tower. Situated next to the Singapore River and Great World shopping mall, it offers commanding views of the skyline and convenient accessibility to Great World and Havelock MRT stations, both within a 4-minute walk. The development is also just minutes’ drive from Orchard Road and the Central Business District (CBD) and within walking distance to River Valley Primary School.
Promenade Peak offers a diverse range of unit types, from one-bedroom plus study to two-through five-bedroom units, ranging from 527 square feet (sq ft) for a one-bedroom plus study to 1,884 sq ft for a five-bedroom premium unit. Similar to Great World address at 1 Kim Seng Promenade, Promenade Peak will have the address 1 Zion Promenade. The same naming convention is adopted in Promenade Peak at 1 Zion Promenade which conveys exclusivity and reflects unique curved frontage along the water.
Promenade Peak is well-connected to major arterial roads and expressways such as the Central Expressway (CTE) and Ayer Rajah Expressway (AYE). It is a short five-minute drive to the Orchard Road shopping belt and CBD. The nearby Great World MRT station offers commuters easy access to Orchard, the CBD, and Marina Bay areas. Additionally, commuters can travel conveniently to the city via the Thomson-East Coast Line and to the eastern parts of Singapore via the East-West Line from Outram MRT station, just two stops away. A covered pedestrian linkway from the development which will provide sheltered access to both the Great World and Havelock MRT stations is being planned.
The vicinity boasts a plethora of dining options, with an abundance of good food and shopping conveniences at Great World Mall, Valley Point Shopping Centre, Tiong Bahru Plaza, as well as Robertson Quay and Clarke Quay. Additional F&B choices are available at Orchard Road and Dempsey Hill. Nature enthusiasts will appreciate nearby spots such as Fort Canning Park and the Botanic Gardens, both just minutes away by car.
Standing at 63 storeys, Promenade Peak is Singapore’s tallest prefabricated prefinished volumetric construction (PPVC) residential development. Soaring 240 metres above the iconic Singapore River, it offers stunning panoramic views including the sea and Sentosa Island to the south; Marina Bay and the CBD to the southeast; and Orchard Road and Bukit Timah Hill to the north.
The façade reflects the glistening surface of water, incorporating a texture that creates a fluid, pixelated effect. Its monolithic form is accentuated by vertical fins juxtaposed against an array of dissolving pixels as the structure ascends to the peak. Promenade Peak features three tiers of residences separated by sky gardens. The two lower tiers, known as the Promenade Collection, comprise 480 units spanning Levels 2 to 42. These units range from one-bedroom plus study to three-bedroom layouts, with sizes from 527 to 1,076 sq ft. Prices for units in the Promenade Collection will start from $2,680 psf.
The top tier, Promenade Suites, occupies Levels 44 to 62 and includes 114 units, featuring three-bedroom premium, four-bedroom premium, and five-bedroom premium layouts. Sizes range from 1,163 to 1,884 sq ft, and all units come with private lift access. Level 63 houses two exclusive penthouses, each spanning 4,144 sq ft. Prices for the three-bedroom premium units in Promenade Suites will start from $3.6 million, four-bedroom units from $4.4 million, and five-bedroom premium units from $6.2 million.
The Grand Promenade on Level 1 focuses on wellness and nature, enveloping residents in greenery and water features to enhance tranquility and well-being. Facilities include a 50-metre lap pool, hydrospa pool, BBQ pavilions, children’s indoor play area, and a pickleball court. Residents can also enjoy serene walks along the Tree Top Walk and Tree Top Pavilion trails.
The development incorporates environmentally sustainable features, such as low volatile organic compounds (VOC) paint, energy-efficient appliances, and electric vehicle charging stations. These efforts earned Promenade Peak the BCA Green Mark Platinum Super Low Energy award.
Every unit is thoughtfully designed with premium finishes to complement the refined façade. Kitchens come fully equipped with luxury appliances from Miele, while bathrooms feature premium sanitary wares and fittings from Laufen and Gessi. Ernesto Meda lifestyle bars are included in all Promenade Suites units.
The one-bedroom plus study, two-bedroom and two-bedroom plus study units feature an invisible induction cooker hob seamlessly integrated into the Inalco countertop, revolutionising the cooking experience.
Promenade Peak also offers smart home provisions such as smart door locks, smart air-conditioning controls, and smart smoke detectors all remotely controllable via an app. The smart home hub allows flexibility to connect additional smart devices tailored to individual lifestyles.
Allgreen has a well-established presence in the area. Its first residential project was the 288-unit Yong An Park on River Valley Road, completed in 1986, followed by the 292-unit Regency Park on Nathan Road in 1987, and the 264-unit Tiara completed in 2015.
The company’s flagship mixed-use property, Great World (formerly Great World City), was completed in 1997 and underwent a $50 million revamp completed in 2020. Through this long presence, Allgreen has developed a deep understanding of the area, aiming to better serve both shoppers and residents.
Credit: HDB
A comprehensive overview of the BTO July 2025, covering flat supply, locations, policies, pricing, prep tips and strategy.
Note: In the BTO July 2025, HDB has increased the allocation quota for second-timer families by five percentage points for three‑room and larger flats, providing more opportunities for upgraders.
July 2025 BTO Launch at a Glance
The July BTO 2025 launch brings about 5,400 flats across seven locations, including Simei, Toa Payoh, Bukit Merah, and Woodlands. This round also introduces new policies, including deferred income assessment for young couples, a stricter ballot shortlisting process, and a nationwide push for Shorter Waiting Time (SWT) flats.
If you’re planning to apply, here’s a quick guide to the locations, prices, policies, and what to expect from this launch.
Town / Project | Units | Flat Types | MRT / Transport Access | Estimated Waiting Time | HDB Classification |
Simei (Tampines) | 380 | Two‑room Flexi, four-room, five‑room | Five-minute walk from Upper Changi MRT Station (DT34) | 48 months | Standard |
Woodlands North | 1,130 | Two‑room Flexi to five‑room | Woodlands North MRT Station (TE1) | 47 to 48 months | Standard |
Bukit Merah (Alexandra) | 490 | Three‑room, four‑room | Ten-minute walk to Redhill MRT Station (EW18) | Subject to change | Prime |
Bukit Merah (Tanglin) | 590 | Two-room Flexi to four‑room | Redhill MRT Station (EW18) | Subject to change | Prime |
Toa Payoh | 720 | Two‑room Flexi to four‑room | Five‑minutes walk to Caldecott MRT Station (CC17/TE9) & Braddell MRT Station (NS18) | 55 months | Plus / Prime |
Clementi | 750 | Two‑room Flexi to four‑room | Steps from Clementi MRT Station (EW23) | Subject to change | Plus |
Sembawang | 750 | Two‑room Flexi to five‑room, three‑Gen | One km from Sembawang MRT Station (NS11) via bus link | 55 to 56 months | Standard |
Bukit Panjang | 620 | Two‑room Flexi to four‑room | Bangkit LRT Station (BP6) (connects to Choa Chu Kang MRT Station (NS4/BP1)) | Subject to change | Standard |
Project | Estimated HDB price range | Latest listings available |
Tampines | S$435,000 to S$1,200,000 | 584 HDB Flats Listings |
Woodlands North | S$330,000 to S$1,300,000 | 641 HDB Flats Listings |
Bukit Merah (Alexandra) | S$3,30,000 to S$1,250,000 | 504 HDB Flats for Sale in Alexandra / Commonwealth Listings |
Bukit Merah (Tanglin) | S$318,000 to S$1,250,000 | 389 HDB Flats Listings |
Toa Payoh | S$350,000 to S$1,188,888 | 476 HDB Flats Listings |
Clementi | S$408,000 to S$1,428,000 | 194 HDB Flats Listings |
Sembawang | S$388,000 to S$999,999 | 366 HDB Flats Listings |
Bukit Panjang | S$618,000 to S$1,150,000 | 350 HDB Flats Listings |
Here is a breakdown of BTO Singapore launches, covering flat types, location benefits, and what makes each site unique.
Simei returns to the BTO lineup for the first time since the 2011 launch of Parc Lumiere. Situated between Simei Road and Upper Changi Road East, the development offers excellent connectivity to the Downtown Line, with Expo MRT Station (CG1/DT35) and Changi Airport easily accessible.
Feature | Details |
Flat Types | Two-room Flexi, four-room, five-room |
No. of Units | 380 |
Estimated Waiting Time | 48 months |
Nearest MRT | Upper Changi MRT Station (DT34) – five-minute walk Expo MRT Station (CG1/DT35) |
Nearby Landmarks | SUTD, Singapore Expo, Changi Business Park |
Amenities | Supermarkets, pre-school, retail shops, eatery |
Classification | Standard |
This is the second BTO in the Woodlands North Coast precinct, following the February 2024 release. Positioned next to Woodlands North MRT Station (TE1) and near the checkpoint, the project is well-suited for cross-border workers. It forms part of a planned mixed-use waterfront community with long-term prospects.
Feature | Details |
Flat Types | Two-room Flexi, three-room, four-room, five-room |
No. of Units | 1,130 |
Estimated Waiting Time | 47 to 48 months |
Nearest MRT | Woodlands North MRT Station (TE1) |
Nearby Landmarks | Woodlands Checkpoint, Admiralty Park, RTS Link |
Amenities | Future mixed-use precinct, park connector |
Classification | Standard |
These two city-fringe sites are expected to fall under HDB’s prime classification. One occupies the former Alexandra Post Office site, offering proximity to the canal park, while the other is located along Tanglin Road, near established schools and lifestyle amenities.
Feature | Alexandra Site | Tanglin Site |
Flat Types | Three-room, four-room | Two-room Flexi, three-room, four-room |
No. of Units | 490 | 590 |
Nearest MRT | Redhill MRT Station (EW18)– ten min walk | Redhill MRT Station (EW18)- 12 min walk |
Nearby Landmarks | Alexandra Canal, Delta Sports Hall | Alexandra Canal, Delta Sports Hall, Crescent Girls’ School, CHIJ |
Amenities | Supermarket, retail shops, eateries, schools | Supermarket, childcare centre, retail shops and schools |
Classification | Prime | Prime |
Toa Payoh’s upcoming BTO sits between Toa Payoh Rise and Braddell Rise, offering access to both Caldecott (Circle and Thomson Lines) and Braddell (North-South Line) MRT stations. Its standout feature is proximity to top schools like Raffles Girls’ School and Raffles Institution.
Feature | Details |
Flat Types | Two-room Flexi, three-room, four-room |
No. of Units | 720 |
Estimated Waiting Time | 55 months |
Nearest MRT | Caldecott MRT Station (CC17/TE9) Braddell MRT Station (NS18) |
Nearby Landmarks | Raffles Girls’, CHIJ, Toa Payoh Hub |
Amenities | Retail outlets, pre-school and eateries onsite |
Classification | Plus / Prime |
Located beside Clementi MRT Station (EW23) and The Clementi Mall, this development adds roughly 750 units to an area that hasn’t seen a BTO launch since 2017.
Feature | Details |
Flat Types | Two-room Flexi, three-room, four-room |
No. of Units | 750 |
Nearest MRT | Clementi MRT Station (EW23) |
Nearby Landmarks | NUS, Singapore Poly, Clementi schools |
Amenities | Polyclinic, pre-school, sports hall, eateries |
Classification | Plus |
The Sembawang BTO launch will introduce around 750 flats. Although it is approximately one km from the MRT, the development is well-connected by bus and offers proximity to family care amenities and schools.
Feature | Details |
Flat Types | Two-room Flexi, three-room, four-room, five-room, three-Gen |
No. of Units | 750 |
Estimated Waiting Time | 55 to 56 months |
Nearest MRT | Sembawang MRT Station (NS11) – One km with bus access |
Nearby Landmarks | Canberra schools, parks, Canberra Plaza |
Amenities | Heartland shopping, eateries, and community hubs |
Classification | Standard |
This project benefits from immediate access to Bangkit LRT Station (BP10), Choa Chu Kang MRT Station (NS4/BP1), and is adjacent to Zhenghua Nature Park, making it ideal for families seeking a tranquil living environment.
Feature | Details |
Flat Types | Two-room Flexi, three-room, four-room |
No. of Units | 620 |
Nearest Transit | Bangkit LRT Station (BP10), Choa Chu Kang MRT Station (NS4/BP1) |
Nearby Landmarks | Zhenghua Nature Park, Beacon Primary School |
Amenities | Minimart, eateries, and shops onsite |
Classification | Standard |
Looking at other upcoming launches beyond July? Tengah BTO projects have been attracting strong demand in recent years. If you’re open to renting in Tengah while waiting for your new flat, view Tengah HDB rentals here.
If you’re eyeing a unit in the July 2025 BTO launch, be sure to apply for your HDB Flat Eligibility (HFE) letter early. This helps you understand your financing options and grant eligibility before the application window opens.
For more property news, tips, and housing guides, visit the PropertyGuru Guides section.
Still searching for your future home? Head over to PropertyGuru to browse top new launches and resale listings across Singapore.
“Will I be rich?” My 14-year-old child asked me when we were going for a walk after dinner. I know the answer from her Zi Wei Dou Shu (紫微斗数) chart. But I can’t tell her. I could only reply with a model answer. “If you work hard, save religiously and invest prudently, you will be... [read more]
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