The Peak@balmeg

The Peak@balmeg is a freehold condominium completed in 2011. It is developed by MAXGROWTH PTE LTD. The development occupies a land area of 17,107 sqm and a Gross Floor Area of 23,950 sqm. It consists of 180 units. According to records, buyers of this development are Singaporean 82.6%, PR 9.3%, Foreigner 7.8%, Company 0.4%.

THE PEAK@BALMEG is located along Balmeg Hill in Queenstown, in District 5. It is accessible through the nearest MRTs including Haw Par Villa CC25 and Pasir Panjang CC26.

Based on transaction data in the last 12 months, sale prices range from S$ 1,597 psf to S$ 1,868 psf at an average of S$ 1,737 psf. Its highest recorded transaction was S$ 1,868 psf in Apr 2024 for a 990-sqft unit. Its lowest recorded transaction was S$ 823 psf in Sep 2009 for a 990-sqft unit. Its current rental yield is at 2.8%. Other nearby amenities include: 2 Shopping Mall(s): Viva Vista Shopping Mall, The Oasis.

Buyers and tenants are attracted to District 5, which spans across the Buona Vista, Clementi, Dover, Pasir Panjang and West Coast neighbourhoods. It is a popular choice for home buyers due to its relative proximity to the Core Central Region. With a variety of amenities such as restaurants, bars and shops, parks, gyms and business properties in the area, District 5 is perfect for residents looking for a lively location with both work and play spaces. District 5 has a good mix of property in terms of affordability, ranging from HDB flats to luxury condominiums to landed properties. District 5 also has a number of commercial and industrial properties around Clementi MRT, at Star Vista and One North. The district is also well connected by MRT stations such as Clementi, Dover, Buona Vista, One-North, Kent Ridge, Haw Par Villa and Pasir Panjang MRT stations along the East-West and Circle lines. District 5 is also particularly car-friendly. Residents with cars are well served by the Ayer Rajah Expressway and the West Coast Highway.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.