Table of contents:
- What to do at The Promenade @ Pelikat
- Where to Eat at The Promenade @ Pelikat
- Residential units at The Promenade @ Pelikat
- Getting to The Promenade @ Pelikat
- Conclusion
Located on 183 Jalan Pelikat in District 19, Hougang is home to The Promenade @ Pelikat, a mixed-use development featuring residential units and commercial space. Completed in 2015, this freehold property provides modern living with various shopping, dining, and recreational options nearby.
What to do at The Promenade @ Pelikat
Shopping and services
The Promenade @ Pelikat offers a variety of retail stores and services to meet different needs and preferences. The tenants include fashion boutiques and specialty stores, catering to a wide range of needs. The shopping experience is further complemented by regular events and promotions, making it a popular destination for residents and visitors.
Read this: Must-try hawker centres and restaurants near Fook Hai Building
Recreational activities
The Promenade @ Pelikat is conveniently situated near various recreational facilities. The nearby Aroozoo Park and Surin Avenue Neighbourhood Park offer a picturesque path for jogging, cycling, and leisurely walks. Additionally, the Lorong Ah Soo Wet Market is nearby, providing fresh produce and daily essentials for those interested in exploring local markets.
Where to Eat at The Promenade @ Pelikat
Dining at The Promenade @ Pelikat is a delightful experience with a wide variety of eateries. Here are five notable spots:
- Gelato Cottage – A charming gelato and bakery cafe that serves freshly made, handcrafted gelato in small batches.
- Bandit’s Joint – Whether you’re looking for a quick bite or a full-on foodie experience (think Hong Kong Congee, Singapore Laksa, and Japanese Ramen), this is the place to be!
- PanRizal – Been drooling for authentic Filipino bread? Look no further for recipes passed down for generations.
- Mr. Baguette – 13 years in the business of making baguettes must be seen in their bread!
- Lazy Lizard – More of a Western diner? The Lazy Lizard peeps serve a tantalising collection ranging from chicken wings to burgers. A must-not-miss!
Next, we cover the residential units at The Promenade @ Pelikat and a little insight into its recent transactions:
Residential units at The Promenade @ Pelikat
Types and layouts of units
The residential component of The Promenade @ Pelikat offers 1 to 3-bedroom apartments, with sizes ranging from 452 square feet to 1,023 square feet. Each unit is designed to provide a comfortable living space with modern amenities.
The Promenade @ Pelikat properties have remained relatively stable over the past year, with a slight decrease over the last six months. In January 2024, the average transaction price was S$894,500 with a volume of 4 transactions, suggesting steady demand and pricing in the market for this development.
Real estate insights
Transactions at The Promenade @ Pelikat have seen varied performance across different unit types. In 2024, the average PSF for 2-bedroom units is S$1,258 with a transaction volume of 2, while for 1-bedroom units, the average psf is higher at S$1,506 with the same transaction volume. Additionally, the chart shows significant growth in average psf over the years, with marked increases of 4.69%, 28.70%, and 23.75% for different unit types, indicating strong demand and appreciation in property values.
The historical transaction data indicates that sale prices for units at The Promenade @ Pelikat have varied from S$548,000 to S$1,400,000. Rental prices have ranged from S$1,500 to S$5,200, which reflects the demand and value of this location.
Read this: Nothing beats a little ray of Sunshine Plaza a day!: Attractions, restaurants, and residentials
This property has demonstrated promising investment potential with consistent capital gains.
Getting to The Promenade @ Pelikat
The Promenade @ Pelikat has good transportation connectivity with several nearby MRT stations, including Kovan MRT (NE13), Defu MRT (CR7), and Bartley MRT (CC12). Major roads and public transportation options offer convenient access to the rest of Singapore.
Conclusion
The Promenade @ Pelikat is a vibrant mixed-use development offering residents and visitors various amenities and conveniences. It is suitable for those looking for a new home or a place to shop and dine.
Units in The Prominent @ Pelikat
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Disclaimer: This information is intended solely for general informational purposes. 99.co makes no claims or guarantees regarding the accuracy, completeness, or suitability of the information, including, but not limited to, any assertion or assurance regarding its appropriateness for any specific purpose, to the maximum extent allowed by law. Despite all efforts to ensure that the information presented in this article is current, reliable, and comprehensive at the time of publication, it should not be used as the sole basis for making financial, investment, real estate, or legal decisions. Furthermore, this information is not a replacement for professional advice tailored to your unique personal circumstances, and we disclaim any responsibility for decisions made using this information.
Featured image used at the start of the article is credited to Google Maps.
About Azhann Rosmin
Azhann Rosmin is a writer who has 6 years of professional forte. He specialises in writing about real estate and lifestyle topics. His coverage mostly focuses on HDBs, condos, BTOs, and landed houses while also favouring topics of food, nightlife, and technology. He has worked in multiple writing positions that include cryptocurrency, fintech, e-commerce, fashion, and cosmetics. Azhann graduated with a bachelor's degree in Applied Linguistics and also writes poetry.
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