Penrose Latest Updates
Monday, May 29th 2023 : Register With Us To Receive Latest Site Plan & Floor Plans!
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Monday, May 29th 2023 : Welcome To Penrose!
|Developer & Registered Address||NovaSims Development Pte. Ltd.|
(JV between Intrepid Investments Pte. Ltd. and CDL Constellation Pte. Ltd. JV between CDL and Hong Leong)
16 Raffles Quay #25-00 Hong Leong Building S 048581
|Showflat Location||Sims Drive (Click here for more)|
|Developer Sales Hotline||+6531388622|
|Est Indicative Selling Price Range||Above S$ psf (Click here for more)|
|Tenure||99 years leasehold|
|Description||Penrose, new GLS condo developed by CDL and HongLeong. Target to launch in 2020, and for official details project details, floor plans, showflat appointment to be obtained at https://www.pen-rose.sg|
|No of Units||Estimated 17- or 18-storey blocks. 566 units of flat/apartment|
|Land Area||16,225.2 m2|
|Developer’s Licence No:||C1367|
|Project Account No:||003-700147-3|
|Financial Institution:||DBS Bank Ltd (Click here for more)|
Review on CDL and Hong Leong Emerged As The Developer of Penrose condo
Everyone loves Video : Let’s watch the surrounding view on the Penrose exact site
The tender for Penrose site situated at Sims Drive has closed. The site attracted 5 bids with the bid from two partners City Developments (CDL) and Intrepid Investments of Hong Leong Group Singapore topping at S$383.5 million which reflects S$732 psf ppr. The two companies agreed to develop the residential condominium with a 60:40 ownership ratio.
A bid from GuocoLand came second at $655 psf ppr falling 12% below the top bid. Penrose site covers 174,648 sq ft and anticipated to house about 565 residential units. The building will comprise of 17 or 18-storey buildings.
Hong Leong Group spokesman commenting on the site noted that among the impressive attributes of Penrose site is the excellent connectivity. The neighbourhood is connected to other parts of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway. The CBD and the famous Orchard Road Shopping Belt are also about 15 mins drive from Penrose. Paya Lebar Central and Paya Lebar MRT Interchange station is just one stop away from Aljunied Train Station running on the East-West Line.
Amenities are also reachable from Penrose with prominent schools located within walking distance. Some of the schools around include Canossa Catholic Primary School and Geylang Methodist School. Such proximity to educational institutions makes the location suitable for family living.
Other amenities such as restaurants and shopping malls are also within the vicinity allowing residents to enjoy the utmost convenience when accessing various necessities.
Latest Information Penrose Price List As At Monday, May 29th 2023 updated, Register to receive the price list and book showflat appointment!
Benefits That Residents of Penrose Will Enjoy Living in District 14 of Singapore
District 14 has to be at the top of your list when choosing your next home in Singapore. The area is strategically situated, enabling residents to enjoy unmatched convenient accessing the nearby amenities. Due to the area’s strategic location, the demand for properties is high, which makes it an excellent place for investment. When living in this neighbourhood prime location, there are lots of cool things around that you’ll enjoy. It gives you a chance to lead a more comfortable lifestyle and in an incredible living space.
Name anything you might need when living here, and it’s just right at the corner from schools to shopping malls. Besides, the area is food heaven, and you can find any food from yummy durians to delicious dim sum. Connectivity is also enhanced thanks to its advanced network of road transport and MRT lines. The laid-back and unique charm that this part of Singapore offers is among the reason everyone wants to make this area their home.
If you are looking forward to purchasing condos around Sims Drive, then here are some of the benefits you will enjoy.
Distance From Penrose To Paya Lebar MRT station only 20 mins healthy walk!
Penrose Condo – Strategic Location
Penrose is strategically located in a residential enclave that enjoys proximity to unlimited facilities and amenities. Although it sits close to the city, residents won’t need to cover long distances to satisfy their needs since amenities are near their homes. The excellent location of the neighbourhood is one of the reasons entrepreneurs and various businesses are moving into the neighbourhood setting up fitness centers, restaurants and more in a bid to tap the increasing number of foreigners and Singaporeans in the area.
Residents of Penrose are guaranteed quick access to many amenities and facilities situated within the neighbourhood. One KM and the New Sports Hub are some of the nearby favourite malls. With many options to choose from residents can take their kids to their desired schools such as Geylang Methodist Primary & Secondary Schools which are just 3 mins drive away. Your food options are unlimited with popular hawker markets like Sims Vista Market & Food Centre right at the corner.
Besides, getting anywhere from your home is made easy due to the excellent connectivity. Penrose is situated just a few minutes walk from the Aljunied Train Station. This means that residents can head down to the nearby leisure centres minimizing time spent between commutes.
Penrose Aljunied – Excellent Connectivity
The upcoming Penrose condo is just 7 mins walk from Aljunied MRT that runs the East-West line. Sims Drive residents are one train station away from Paya Lebar Interchange that enables them to access the Circle Line easily.
With excellent connectivity, residents can easily access everything they might need quickly. Since most of the amenities are within the neighbourhood, residents will enjoy unmatched convenience. Residents of Penrose are also well connected with the multitude of bus services available right next to their door.
Apart from the nearby roads such as Sims Drive Road, Aljunied Road, and Sims Avenue, the area is also well connected with an expressway. Pan Island Expressway provides the residents with a quick travelling option to other parts of the island.
Penrose Sims Drive – Proximity to Top Ranking Schools
District 14 is reputable in terms of the provision of quality education. It features several prestigious schools that provide quality education. The schools are the right place to take your kids because they perform well in academics as well as in co-curricular activities. Penrose makes a perfect choice for families with school-going kids. It is close to established schools ranging from nursery to tertiary institutions.
Here are some of the appealing schools that you can send your kids to attend within the vicinity.
- Geylang Methodist School
- Canossa Convent Primary School
- Kong Hwa School
- Macpherson Primary & Secondary School
- Cedar Girls’ Secondary School
- Broadrick Secondary School
- Cedar Primary School
Penrose condominium residents with young kids will also benefit from the nearby preschool and kindergarten that provide education to their young ones. Some of the nearby schools include PCF Macpherson Blk, PCF Kolam Ayer Blk, Chen Li Kindergarten, PCF Jalan Besar Blk, Geylang Chinese Methodist Kindergarten and more. Canadian International School and James Cook University, and Singapore Management University are also within a few minutes drive from Penrose.