2020 Most anticipated project in District 14, Rest of core Central Region (RCR).
The real estate market has demonstrated to be resilient since Phase 2 of the Circuit Breaker and we witnessed strong sales exceeding 1000 units in the month of June and July. And in particular August, which saw transactions well above 1200 units. A record high since September 2019! Interestingly, just for RCR alone, more than 600 units were sold in the month of August. From here, we can see a strong appetite from HDB upgraders and property investors as they are drawn to buy rightly-price RCR projects.
So, where is this demand coming from? And who are these buyers? You will be surprised a lot of Singaporeans are taking advantage of the current situation and the sensitive pricing by the developers.
We all know that in any property investment 3 critical factors are to be considered – LOCATION, ENTRY PRICE and FUTURE CAPITAL APPRECIATION.
We are proud to present PENROSE, a RCR project developed by Hong Leong and CDL, strategically located in the heart of Paya Lebar transformation. Official launch is scheduled to be in September 2020.
Located at Sims Drive, Penrose has a good mix of one- to four-bedroom units, with sizes ranging from 474 to 1,389 sq ft. Indicative prices start from $788,000 for a one-bedder, $943,000 for a two-bedder, $1.33 million for a three-bedder and $2.11 million for a four-bedder.
Against the backdrop of the Covid-19 and post-circuit breaker, Hong Leong and CDL believe that sensitive pricing and timing will be the main indicative factors driving the good response. It is widely anticipated that the most popular units : the one- and two-bedders, which are always highly sought-after by investors and owner occupiers, will be sold-out fast due to their absolute prices and the location of the project in the city fringe in popular Paya Lebar/Aljunied, District 14, RCR.
Besides pricing, another strong attribute of Penrose is its location at Sims Drive, which is just a mere five-minute walk to Aljunied MRT station and just one MRT stop from Paya Lebar MRT interchange station at Paya Lebar Quarter (PLQ). Shopping and dining options are aplenty as this area is also near the malls and eateries in the Joo Chiat and Tanjong Katong area. Employment centres in the Central Business District CBD or Marina Bay Financial District and orchard shopping belt are just within a 15-minute drive.
The fact that the developers behind Penrose condominium is a renowned and highly-respectable team which has a stellar proven track record, will certainly facilitate home-buyers in their decision-making process. High quality homes as well as enjoyable living space is a definite assurance to all residents of Penrose luxurious condominium.
Digital registration of interest during the preview, balloting, booking and digital signing of the documents will be carried out using the showsuite’s technology which can seamlessly connect to six locations during the virtual launch. Call us at 61008833 to find out more today.
True exclusivity
Living at Penrose is viewing the city from a lush sky garden, lying back in a treehouse pavilion and being able to hit Orchard Road in minutes. The spacious 174,648 sq ft 566-unit condominium is a private enclave, with just five 18-storey towers, featuring one- to four-bedroom luxurious residences, with sizes ranging from 474 to 1,389 sq ft.
Taking a leaf from nature
With a 50-metre swimming pool, wellness garden and treehouse pavilion laid out among lush flora, Penrose is your haven. For the kids with boundless imagination and energy, a zipline and aqua play area in the adventure park await. Entertaining family and friends will also be an easy feat when there’s a sky garden with stunning, unblocked views of the city.
Pivotal location
Sitting on the cusp of the city, Penrose condo offers a perfect blend of privacy and connectivity. It’s only 1 MRT stop away from the shopping malls of Paya Lebar and 5 stops away from Raffles Place. And the vibrancy of Penrose’s neighbouring areas is set to grow. The Kallang River precinct is slated for rejuvenation, with more cultural and entertainment spots to eventually emerge.
Penrose Condominium Project Details
| Address | 20 Sims Drive Singapore 387395 |
| 22 Sims Drive Singapore 387396 | |
| 24 Sims Drive Singapore 387397 | |
| 26 Sims Drive Singapore 387398 | |
| 28 Sims Drive Singapore 387399 | |
| 30 Sims Drive Singapore 387400 | |
| District | 14 |
| Description | Residential Condominium With Facilities Along Sims Drive |
| Child Care Centre | |
| 4-Storey Multi Storey Carpark & 1 Basement Carpark | |
| No. Of Blocks | 5 |
| No. Of Storeys | 18 |
| No. Of Units | 566 |
| Site Area | 16,225.20 sqm |
| Unit Mix | 1-Bedroom 57 (10.07%) |
| 1-Bedroom With Study 2 (0.35%) | |
| 2-Bedroom 69 (12.19%) | |
| 2-Bedroom Premium 68 (12.01%) | |
| 2-Bedroom + Study 34 (6.01%) | |
| 3-Bedroom 105 (18.55%) | |
| 3-Bedroom Premium 123 (21.73%) | |
| 3-Bedroom + Study 54 (9.54%) | |
| 4-Bedroom 54 (9.54%) | |
| Site Use | Residential |
| Tenure | Leasehold 99 Years Commencing 3rd July 2019 |
| Mukim Lot No. | MK24 Lot 11029X |
| Developer | NovaSims Development Pte Ltd (Joint Venture Between Hong Leong Holdings Limited & City Developments Limited) |
| Developer License No. | C1367 |
| Project Account No. | DBS Bank Ltd for Project Account No. 003-700147-3 of NovaSims Development Pte. Ltd. |
| Architect | P&T Consultants Pte Ltd |
| M & E Consultant | United Project Consultants |
| C&S Consultant | TW-Asia Consultants Pte Ltd |
| Landscape Consultant | Ecoplan Asia Pte Ltd |
| Interior Designer | Cynosure Design Pte Ltd |
| Quantity Surveyor | Arcadis Singapore Pte Ltd |
| Main Contractor | Lian Beng Construction (1988) Pte Ltd |
| Payment Scheme | Progressive Payment Subject To Bank's Approval |
| Eligibility | No Restrictions. Singapore Citizens, Singapore Permanent Residents And Foreigners Are Eligible To Purchase. |
| Expected Date Of Vacant Possession | 2024 |
| Expected Date Of Legal Possession | 2025 |
| Security | 24-Hour Security Guard |
| No. Of Car Parks | 583 Lots Total (Automatic Care Barrier With Electronic Parking System (EPS) Access System For Residents |
| 12 Ground Floor Parking Lots (For Child Care Centre) | |
| 220 Multi-Storey Parking Lots (For Residential) | |
| 346 Basement Parking Lots (For Residential) | |
| 5 Handicap Accessible Lots (At Basement) | |
| 142 Bicycle Lots | |
| Estimated Monthly Maintenance | 1-Bedroom $276.50 |
| 1-Bedroom With Study $331.80 | |
| 2-Bedroom $331.80 | |
| 2-Bedroom Premium $331.80 | |
| 2-Bedroom + Study $331.80 | |
| 3-Bedroom $331.80 | |
| 3-Bedroom Premium $378.10 | |
| 3-Bedroom + Study $378.10 | |
| 4-Bedroom $378.10 | |
| Appliances & Fittings | Electrolux, Hansgrohe, Roca |
Penrose Condominium Gallery
Penrose In Historical Geylang
As a city-fringe development, Penrose offers very good accessibility to the CBD as well as the vibrant Paya Lebar precint. Under the township of Geylang, Penrose sits on one of Singapore’s oldest Malay heritage site. As early as the second half of the 19th cenutury, Singapore saw the establishment of the Geylang area as a place of settlement. By the early 20th century, Geylang had grown and split into two neighborhood separated by the Geylang River. The eastern part (today’s Geylang Serai) was mainly inhabited by the Malays who resided in traditional houses and used the land for agriculture. Whereas the western area was divided into a series of lanes called “lorongs”, and was mainly occupied by the Chinese. Today, the buildings and shophouses of Geylang portrait a large part of the history of Singapore’s ethnic communities and forge a tangible part of our local identity and culture. A melting-pot of building typologies, the built heritage of Geylang also charts the social and economic evolution of the area.
Accessible to all parts of Singapore by Pan Island Expressway (PIE), Kallang-Paya Lebar Expressway (KPE) and Nicoll Highway.
1 MRT stop to Paya Lebar Regional Commercial Hub, where Paya Lebar Quarters, Paya Lebar Square and SingPost malls are situated.
Huge pool of ready tenant base from nearby education hub by James’s Cook University Singapore and NEXUS International School, and offices at Paya Lebar Central Commercial Hub.
