Penrose Developer – Novasims Devlopment
Innovative Market Leaders In Singapore
Penrose Condo Developer - NovaSims Developement
Penrose condominium is a brand new residential enclave brought to you by developer NovaSims Development Private Limited – a joint venture between Hong Leong Group and City Development Limited (or CDL). Being the innovative market leaders in Singapore for the past 50 years, both developers have created countless of iconic and quality developments. As highly regarded developers that produce only the finest and most valued quality development, home buyers and investors can look forward to yet another masterpiece in Penrose. Throughout the years, Hong Leong Group and CDL remain committed to their company’s core value for passion, sustainability, innovation, reliability and social responsibility. Such dedicated commitment has seen them win several top awards & recognition for their innovative & architectural designs, green mark environmental efforts and contribution to nation-building.
Hong Leong Group
Started out offering financial services in 1961, Hong Leong Group today has total gross assets worth more than S$40billion, with over 40,000 staff spread across Asia-Pacific, North America, Europe and the Middle East. The Group’s four primary businesses are financial services, real estate development, hotels and trade & industry.
Together with their investment wing (Hong Leong Holdings Limited) and CDL, Hong Leong Group now holds the largest private residential land bank. In addition, it is also one of the largest commercial landlords and largest residential developers in the Central Business District (CBD).
Hong Leong Group has created many top-notch developments along the Singapore business district and hence come forth as an industry leader with over 130 quality residential properties having track records like One Shenton, The Residences at W Singapore- Sentosa Cove, The St. Regis Hotel and Residences among many more projects.
Penrose condo will be Hong Leong Group’s latest undertaking project situated at the popular District 14 at Sims Drive. This city fringe development will be another gem in the making with exceptional quality and unrivalled finishing in its class that will not fall short for the potential Penrose owners.
City Develpment Limited
City Developments Limited, also commonly referred to by its abbreviation, CDL, is a Singaporean multinational real estate operating organisation. CDL has developed many types of properties from shopping malls to integrated developments.
Founded on 7 September 1963 as a property company, today CDL has grown into a global real estate group with extensive network of over 103 locations in 29 regions and is one of the largest firms by market capitalization. With more than 55 years of experience in real estate development, CDL has since built over 43,000 homes and is the largest commercial landlord with more than 18 million square feet of commercial space.
With Hong Leong Group’s investments, CDL has further expanded its diverse business portfolio comprises residences, offices, hotels, integrated developments, serviced apartments and shopping malls. Millennium & Copthorne Hotels Limited (M&C), the hotel arm of City Development Group, is one of the largest hotel chains with more than 145 hotels globally.
With deep expertise in managing and developing a diversified asset base, CDL is focused on strengthening the performance of its portfolio to deliver long-term sustainable value to shareholders.
Our project portfolios include The Residences at W Singapore- Sentosa Cove, The St. Regis Hotel and Residences, One Shenton, The Sail, The Tate Residences and many more. Future home owners of Penrose can expect only the finest quality homes from The Hong Leong Group and CDL.