Penrose Condo Price
Penrose Condo Price Review
Looking at Penrose condo price of a 3-bedroom unit at Penrose starting at a mere S$1420+ per square foot (psf) is an irresistible entry price for a Rest of Central Region (RCR) development. In fact, the one-bedroom unit price starts from a quantum of S$788,000, making Penrose one of the most affordable condominium at entry level. As mentioned earlier, remember the 3 critical factors for any property investment – Location, Entry Price and Capital Appreciation.
For your easy references, we have summarised Penrose selling price in the table below. For price information of actual units still available for sale, please contact us at +65 61008833.
Recently Transacted Prices
To check on unit availability, visit Balance Units Chart.
( All prices displayed here for PENROSE condo are for Normal Payment Scheme (NPS) reference purposes only. Prices are subject to changes from time to time without prior notice. This webpage cannot be held responsible for any pricing inaccuracies, omissions and/or dispute. )
Price Comparison with Neighbouring Condo
A good benchmark for price comparison is Sims Urban Oasis, located just beside Penrose Condo. This 1024-unit condo, completed in 2017, was developed by First Changi Development Pte Ltd. For the months of January and March 2018, transacted prices (rounded to the nearest decimal place) at Sims Urban Oasis are as follow
| Date | Level | Unit Area(sqft) | Price(S$ psf) | Price(S$) |
|---|---|---|---|---|
| 2018-03-03 | 18 | 1324 | 1375 | 1820900 |
| 2018-02-22 | 3 | 667 | 1519 | 1013600 |
| 2018-02-19 | 8 | 1442 | 1434 | 2068300 |
| 2018-02-12 | 2 | 1033 | 1538 | 1589300 |
| 2018-02-10 | 8 | 1733 | 1425 | 2469800 |
| 2018-02-06 | 14 | 958 | 1391 | 1332700 |
| 2018-02-03 | 18 | 1184 | 1395 | 1651600 |
| 2018-02-03 | 8 | 1033 | 1562 | 1613800 |
| 2018-02-03 | 4 | 1033 | 1534 | 1585100 |
| 2018-02-03 | 5 | 1033 | 1540 | 1590900 |
| 2018-02-03 | 3 | 1033 | 1544 | 1595100 |
| 2018-02-03 | 6 | 1033 | 1545 | 1596600 |
| 2018-02-03 | 7 | 1033 | 1551 | 1602300 |
| 2018-01-21 | 14 | 1033 | 1567 | 1619100 |
| 2018-01-20 | 18 | 1324 | 1352 | 1789500 |
| 2018-01-18 | 18 | 1324 | 1355 | 1794000 |
| 2018-01-17 | 6 | 1442 | 1415 | 2040600 |
| 2018-01-14 | 17 | 1033 | 1596 | 1649400 |
| 2018-01-12 | 13 | 1033 | 1560 | 1612300 |
| 2018-01-09 | 16 | 1033 | 1590 | 1642600 |
Penrose vs Sims Urban Oasis Price Comparison
| Project | Completion | Lowest price* (S$ psf) | Average price* (S$ psf) | Highest price* (S$ psf) | Lowest rental* (S$ psf pm) | Average rental* (S$ psf pm) | Highest rental* (S$ psf pm) | Rental Yield(%) |
|---|---|---|---|---|---|---|---|---|
| SIMS URBAN OASIS | 2017 | 1400 | 1540 | 1699 | 2.53 | 4.12 | 5.56 | 3.2 |
| PENROSE | Uncompleted | 1396psf | 1589 | 1856 | - | - | - | - |
*Prices and rentals are based on data in the past 6 months from Dec 2020.
Disclaimer: No two properties are identical. All price information on this page are meant only as a guide, to give you a feel of new condo prices in the vicinity of Penrose. They are not meant to be and should never be taken as “investment advise” and/or “recommendation” to buy Penrose and/or any other property.