Penrose Condominium By Hong Leong & CDL
New Luxurious Apartments at Sims Drive
The most anticipated project of the year in the 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 at the heart of Paya Lebar transformation.
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 condominium is a private enclave, with just five 18-storey towers, featuring one- to four-bedroom apartments. About 60 per cent of its 566 units were snapped up on launch weekend – only less than 200 remain today.
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.
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|
|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%)|
|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 Premium $331.80|
|2-Bedroom + Study $331.80|
|3-Bedroom Premium $378.10|
|3-Bedroom + Study $378.10|
|Appliances & Fittings||Electrolux, Hansgrohe, Roca|
Penrose condominium at a glance
Accessible to all parts of Singapore by Pan Island Expressway (PIE), Kallang-Paya Lebar Expressway (KPE) and Nicoll Highway.