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PENROSE CONDO UPDATES
Last Updated : April 25,2024
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PENROSE CONDO
- 25-04-2024: Book An Appointment To View PENROSE SHOWFLAT & Get Direct Developer’s Pricing & Discounts
- 25 04 24: Due To The Current Safe Distancing Restrictions, It Is Essential That You Contact 6100-1717 To Confirm Your Showflat Appointment To Avoid Disappointment.
- 24-08-2020: PENROSE FLOOR PLAN Updated
- 20-08-2020: PENROSE DEVELOPER Updated
- 20-08-2020: PENROSE PROJECT DETAILS Updated
- 20-08-2020: PENROSE LOCATION MAP Updated
- 20-08-2020: PENROSE PRICE Updated
PENROSE CONDO
PENROSE CONDO SUMMARY
Penrose Condo is a beautiful and exciting new private condominium project standing proudly on the edges of Aljunied in District 14. This city-fringe condominium is planned to be launched in September of 2020, adding to the ever-growing property market and it is already catching lots of eyeballs. It is constructed over 174,648 sq ft (16,225 sqm) of leasehold land and the top bid for it closed at $732 psf per plot ratio, making it a very price-attractive plot of land in the Rest Of Central Region (RCR).
Penrose Condo is exclusively presented by two renowned development giants, the prestigious Hong Leong Holdings Limited and City Developments Limited, there is no surprise that their joint venture is one marvelous creation not to be missed. This is a groundbreaking project that will set a new benchmark for the standard of luxury living for those in Singapore, skilfully combining breathtaking architecture with unmatched convenience. The result is a gorgeous, comfortable home that offers easy access to transport options, connectivity and amenities.
Preview Starts 12 September 2020
Official Launch 24 September 2020
Penrose Condo offers a total of 566 spacious units in multiple 17-18 storey tall buildings. Spanning 1 to 4 bedrooms in size, this range would suit any type of family nucleus and meet a dynamic range of requirements. Each unit is tastefully built and designed such that all residents will enjoy an equal gold standard of living. They are also equipped with the latest smart home technology and boast branded appliances to welcome their new owners.
Needless to say, Penrose Condo’s facilities live up to the establishment’s reputable name and are top-notch. The strategically placed gym overlooks the gleaming, 50m long lap pool, so users would be treated with a lovely, relaxing view while getting their daily workout. Events such as birthday parties and baby showers can be held in the spacious function hall which is large enough to accommodate huge crowds in style.
This is indeed an ideal gathering space for family and friends to have fun and celebrate, creating precious memories with each other. The kid’s pool and playgrounds are guaranteed to amuse and entertain children for hours. Other features include round the clock security surveillance, guardhouse, clubhouse, tennis court, sun-deck and BBQ pits.
PENROSE CONDO
WHY PENROSE CONDO?
On top of the full and excellent facilities at Penrose Condo, it also offers the epitome of convenience. Aljunied MRT Station is only 500 meters’ away, which translates into a 6 minutes’ walk. Numerous shops and services flank the property – a leisurely stroll easily fulfills every daily need. Food lovers will find paradise along the famous Geylang road which is in its immediate vicinity. With most stores operating until late, unquenched supper pangs will soon be a thing of the past.
Shopping malls chocked-full of different amenities such as Paya Lebar Quarters, Paya Lebar Square and Singpost Centre are just 1 MRT station away, at Paya Lebar MRT Station. A selection of acclaimed schools such as Geylang Methodist Primary and Secondary School, Canossa Catholic Primary School, Cedar Primary School, Kong Hwa Primary School, James Cook University and Nexus International School are nearby as well.
The location of Penrose Condo supports a holistic and healthy lifestyle, being adjacent to many recreational parks and sports centers. If the gym does not suffice and cannot substitute exercising in the great outdoors, there are options aplenty for the latter, including the Kallang River for water-based activities.
A DESIGN COMPOSITION ECHOING NATURE’S WONDER
Although the Geylang neighborhood may have been synonymous with sleaziness and nightlife, its connotation has been slowly evolving into one of a sought after residential area, given that it is only 2.5km away from the bustling Bugis Junction and a short drive from the city. A colossal $2.2 billion budget has been set aside for this grand scheme which aims to transform and revamp the town while preserving its colorful heritage. This transition would invariably escalate the price of Penrose Condo exponentially, thus it would be a very good investment consideration.
Penrose Condo is a glorious ensemble of comfort, glamour, practicality and liveliness like no other.
Attractive Entry Price
The site was successfully bidded via Government Land Sales (GLS) in Mar 2019 for S$383.5 million. This works out to a cost of $732 psf per plot ratio which is extremely attractive considering its location at city fringe and part of the Rest Of Central Region (RCR).
Key Highlights
Most Affordable Entry Price for Buyers in 2020
Definitely One of the Best Selling Project in 2020
PENROSE CONDO
PENROSE PROJECT DETAILS
| PROJECT DETAILS | PENROSE CONDO | ||
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Description |
Residential Condominium With Facilities Along Sims Drive |
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No. Of Blocks |
5 |
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No. Of Storeys |
18 |
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No. Of Units |
566 |
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Site Area |
16,225.20 sqm |
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Unit Mix |
1-Bedroom 57 (10.07%) |
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Site Use |
Residential |
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Concierge Service |
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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 |
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District |
14 |
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Address |
20 Sims Drive Singapore 387395 |
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Tenure |
Leasehold 99 Years Commencing 3rd July 2019 |
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Mukim Lot No. |
MK24 Lot 11029X |
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Developer |
NovaSims Development Pte Ltd (Joint Venture Between Hong Leong Holdings Limited & City Developments Limited) |
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Developer License No. |
C1367 |
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Project Account No. |
DBS Bank Ltd for Project Account No. 003-700147-3 of NovaSims Development Pte. Ltd. |
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Architect |
P&T Consultants Pte Ltd |
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M & E Consultant |
United Project Consultants |
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C&S Consultant |
TW-Asia Consultants Pte Ltd |
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Landscape Consultant |
Ecoplan Asia Pte Ltd |
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Interior Designer |
Cynosure Design Pte Ltd |
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Quantity Surveyor |
Arcadis Singapore Pte Ltd |
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Main Contractor |
Lian Beng Construction (1988) Pte Ltd |
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Payment Scheme |
Progressive Payment Subject To Bank's Approval |
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Eligibility |
No Restrictions. Singapore Citizens, Singapore Permanent Residents And Foreigners Are Eligible To Purchase. |
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Expected Date Of Vacant Possession |
2024 |
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Expected Date Of Legal Possession |
2025 |
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Appliances & Fittings |
Electrolux, Hansgrohe, Roca |
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Security |
24-Hour Security Guard |
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PENROSE CONDO
PENROSE SITE PLAN
The Penrose Site Plan shows the layout of the entire development with the location of the 5 residential blocks and the comprehensive array of exciting facilities in the residence.
Let’s begin our journey at the Grand Clubhouse which is on the left of the Penrose Site Plan. Upon arrival to the condominium, your guests can alight at the arrival drop off point where you can receive them at the welcome lobby. Your guests will be greeted with a scenic waterfall and there are 2 multi-purpose rooms where you can host events and functions for families and friends. Each of these rooms are furnished with attached bathrooms which provides added convenience for your guests.
PENROSE CONDO
PENROSE LOCATION
Penrose Location. Why are so many people eyeing this condo? Other than looking absolutely magnificent, it is rooted in the heart of many amenities and public transport points, making the Penrose Location the preferred choice of home buyers.
Shopping
Penrose Location – The streets of Aljunied and Geylang are rampant with unique shops selling quirky, often cheap wares. Most of the time, screening through the stock can reveal hidden gems priced at a steal. For more upscale purchases, residents can head to Paya Lebar Quarters, Paya Lebar Square, and Singpost Centre which are brimming with an entire spectrum of lifestyle and retail choices.
Whether it is clothing, novelty things, makeup, health products, jewelry, utility items, or anything else, they can be easily sourced from the above-mentioned malls. To expand on this, the Urban Redevelopment Authority of Singapore has recently announced that plans to restore the nearby Paya Lebar area are underway. Hence, it implies that there will be yet another series of new shopping centers that would be built soon. With such a sizable array of pickings at hand, there is no need for the hassle to enjoy a good life.
Connectivity
One of the key pointers in identifying a highly-valued home is if it is close by an MRT Station, and Aljunied MRT Station is just 500m away from Penrose Condo. In slightly over 5 minutes by foot, residents can be swiftly connected to the rest of the island. Surrounding Penrose Condominium is a plethora of schools, malls, restaurants, bars, markets, clinics, parks, and sports centers. To get to the main city center, all it takes is a brisk car ride or several MRT stops. Additionally, there are also numerous bus stops, if that mode of traveling is preferred.
Penrose Condo is also in close proximity to major expressways. First, it is only a minute’s drive to the Pan Island Expressway (PIE) which links to the Kallang-Paya-Lebar-Expressway (KPE) which further connects to the Marina Coast Expressway (MCE) and East Coast Parkway (ECP). It is also a 9 minutes drive to the Central Expressway (CTE). Thus, residents at the Penrose Condominium will enjoy convenient accessibility throughout Singapore.
One of the key pointers in identifying a highly-valued home is if it is close by an MRT Station, and Aljunied MRT Station is just 500m away from Penrose Condo. In slightly over 5 minutes by foot, residents can be swiftly connected to the rest of the island. Surrounding it is a plethora of schools, malls, restaurants, bars, markets, clinics, parks, and sports centers. To get to the main city center, all it takes is a brisk car ride or several MRT stops. Additionally, there are also numerous bus stops, if that mode of traveling is preferred.
Penrose Condo is also in close proximity to major expressways. First, it is only a minute’s drive to the Pan Island Expressway (PIE) which links to the Kallang-Paya-Lebar-Expressway (KPE) which further connects to the Marina Coast Expressway (MCE) and East Coast Parkway (ECP). It is also a 9 minutes drive to the Central Expressway (CTE). Thus, residents at the Penrose Condo will enjoy convenient accessibility throughout Singapore.
Parks & Recreation
Penrose Location supports a holistic and healthy lifestyle, being adjacent to many recreational parks and sports centers. If the gym does not suffice and cannot substitute exercising in the great outdoors, there are options aplenty for the latter, including the Kallang River for water-based activities.
Penrose Condo encourages its residents to go outside and get some sun. For recreational activities, those staying in the property can opt to go to the Singapore Sports Hub, Kallang Riverside Park, Kampong Glam Park, Geylang Sports, and Recreational Centre, Kallang ActiveSG Netball Centre, Singapore Badminton Hall or Stadium Skatepark. The Kallang River, positioned beside the Kallang Riverside Park, is perfect for water activities like Dragon Boating. With this extensive selection at hand, there is no excuse to live in a sedentary manner and not keep fit.
Schools
Families with growing children will be elated to know that District 14 offers comprehensive education institutions ranging from that of Primary to University level. These are Geylang Methodist Primary School, Geylang Methodist Secondary School, Macpherson Primary School, Canossa Convent Primary, Bendemeer Primary School, Cedar Primary School, Kong Hwa School, Nexus International School, and James Cook University.
Staying so close to the schools is beneficial to students as they can save on traveling time and cost, granting them more time to study and rest. This is something your kids will appreciate, given that the syllabus nowadays can be stressful and demanding.
PENROSE CONDO
PENROSE UNIT MIX
The Penrose Site Plan shows the layout of the entire development with the location of the 5 residential blocks and the comprehensive array of exciting facilities in the residence.
Penrose Unit Mix offers a comprehensive range of 9 layouts ranging from 1-bedroom to 4-bedroom configurations. With these layouts, Penrose Condo is able to cater to single residents, small families and multi-generational families. Each layout in the Penrose Unit Mix is specially tailored according to the needs of the residents with the options of additional bedrooms, larger living space in the Premium collection and also the flexibility of having a study area for the 1-bedroom to the 3-bedroom units.
| UNIT TYPE | TOTAL NO. OF UNITS | UNIT MIX |
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| 1-Bedroom | 57 | 10.07% |
| 1-Bedroom Plus Study | 2 | 0.35% |
| 2-Bedroom | 69 | 12.19% |
| 2-Bedroom Premium | 68 | 12.01% |
| 2-Bedroom Plus Study | 34 | 6.01% |
| 3-Bedroom | 105 | 18.55% |
| 3-Bedroom Premium | 123 | 21.73% |
| 3-Bedroom Plus Study | 54 | 9.54% |
| 4-Bedroom | 54 | 9.54% |
PENROSE CONDO
PENROSE PRICING
Penrose Price – For many who have been waiting for its debut, Penrose Price is one of the most attractive new launches in 2020. Located at the city fringe, Penrose PSF (price per square feet) is one of the most appealing new development in RCR (Rest of Central Region). Offering unprecedented quality yet sensitive to the present market sentiments, future residents will be thrilled to discover that Penrose Pricing is set to delight many people who desire to live and work near the city without burning a hole in their pockets!
Based on recent property transactions, prices of new launches have been relatively resilient to the economic impact dealt by Covid-19. Penrose Price is derived based on the cost of the land bid by the developer when the site was secured in a government land sale. Given property price level in RCR (Rest of Central Region) has witnessed significant growth over the years, Penrose Pricing at these present levels could provide future residents potential growth for their property.
| UNIT TYPE | SIZE | PRICE STARTING FROM | PSF ($) |
|---|---|---|---|
| 1 Bedroom | 473 sqft | $788,000 | $1,666 |
| 2 Bedroom | 645 sqft | $943,000 | $1,462 |
| 3 Bedroom | 936 sqft | $1,326,000 | $1,417 |
| 4 Bedroom | 1,388 sqft | $2,111,000 | $1,521 |
PENROSE CONDO
PENROSE DEVELOPER
Penrose Developer NovaSims Development Pte Ltd is a joint venture btween two mega developers – Hong Leong Holdings Limited and City Developments Ltd. For many who have been searching for new condominiums in District 14, the wait is finally over. In March 2019, Hong Leong Holdings Limited and City Development Limited jointly outbid other developers to secure a prized land parcel along Sims Drive where the new Penrose Condo development will be located. The Penrose Developer paid $383.5m for a large plot of 174,648 square feet which works out to be $732 psf ppr.
Given the scarcity of land in District 14 and the major transformation that has already begun in the vicinity such as Paya Lebar Square, Penrose offers great benefits and potentials for its future residents. District 14 is uniquely situated right at the city fringe and it offers a short commute to the city and the Central Business District. One of the key benefits that attracted the Penrose Developer is the location’s connectivity and accessibility to every part of Singapore. Located close to two major expressways, Kallang-Paya Lebar Expressway (KPE) and Pan-Island Expressway (PIE), future homeowners can look forward to time-saving commute to the western, northern and southern parts of Singapore.
Travel to the Central Business District and Orchard Road is only a 15-minute drive while Aljunied MRT is just minutes walk for residents of Penrose. Besides connectivity, Penrose Developer highly valued this site as it is located at the city fringe yet without the price tag of properties in the core central region.
Penrose Developer
Penrose Developer, Hong Leong Holdings Limited, is the property development and investment business arm of Hong Leong Group. Established in 1968, Hong Leong boasts an enviable track record of over 50 years in property development with close to 100 property projects in its portfolio.
The Hong Leong Group is one of Singapore’s largest private-sector conglomerates, with globally diversified businesses in property investment and development, hotel ownership and management, financial services, and trading businesses. To date, Hong Leong Group has gross assets worth S$40B and employs a workforce of 40,000 worldwide.
Hong Leong Group also holds the largest non-government resident land bank in Singapore. Over the decades, Hong Leong Group has transformed the Central Business District skyline with many iconic developments such as Hong Leong Building (built-in 1975), Fuji Xerox Towers (formerly known as IBM Towers), Anson Centre, 80 Robinson Road, 76 Shenton Way, and the list continues.
Since the 1960s, Penrose Developer Hong Leong Holdings Limited has built countless homes on this little red dot. In 2013, close to one in every 5 private homes sold was built by the Hong Leong Group.
It is a household name with many famous developments such as Hong Leong Gardens, Tulip Gardens, and King’s Mansion in Amber Road. Over the years, Hong Leong has added many high-quality developments to their portfolios such as One Balmoral, St Regis Residences, The Meyers, The Makena, The Atria at Meyer, Aalto, Watermark Robertson Quay, Bartley Residences, Bartley Ridge and many more.
The latest addition to Hong Leong’s portfolio is The Avenir, a luxury-class development in the prestigious River Valley neighborhood in District 9. Through Intrepid Investment, Hong Realty, and Guocoland, the 3 companies successfully acquired Pacific Mansion at River Valley through a record en-bloc price of $980M. This is second to the highest en-bloc deal of Farrer Court at $1.34B in 2007. Both Intrepid and Hong Realty are majority-owned by Hong Leong Holdings Limited.
Besides property development, Hong Leong Group owns Millennium & Copthorne Hotel plc, which is the largest international hotel group in Singapore, which manages and operates over 150 hotels, with over 43,000 rooms in 80 locations worldwide.
With such a stellar track record, residents can look to the Penrose Developer for a high-quality development that offers unprecedented living experiences that is well above the rest.
PENROSE DEVELOPER
City Developments Limited (CDL), is a prestigious brand name in Singapore. The company rose from very humble beginnings in a rented office with 8 employees. In 1965, CDL accomplished a major milestone by completing its first residential project ‘Fresh Breezes’ in Johor Bahru and it also created the first-ever concept of a ‘showflat’.
In the same year, CDL built its first high-rise residential development, City Towers in Singapore. Following shortly in 1966, it developed its first full condominium, Clementi Park.
In 1972 Hong Leong Group acquired controlling interests in CDL and the company started to diversify into an investment property. Under the leadership of late Mr. Kwek Hong Png, CDL established its clear position as a major property developer in Singapore. By 1980s CDL has successfully launched 21 residential developments including City House in the heart of Central Business District which became its headquarters.
To date, Penrose Developer CDL has total assets of $23.7B, of which 37% are in property development, 28% in investment property, and 26% in hotel operations. The company owns 24 million square feet of gross floor area in residential, commercial, and hospitality properties worldwide. It also holds a diversified global land bank of 3.4 million square feet of land area.
With over 50 years of track record, Penrose Developer CDL has developed over 46,000 homes and rose to distinguish itself from the rest by actively pursuing its vision of being an innovative creator of quality and sustainable spaces. Carrying the motto of ‘conserve as we construct’.
CDL is constantly pushing the innovation boundaries to set new benchmarks for the industry to create sustainable living spaces. It is no surprise that their relentless green vision has led them to many awards such as BCA’s Green Mark Platinum Award 2019 and Award for Leadership in Sustainable Design and Performance in the Residential category (2019) conferred by the Singapore Green Building Council and the Building Construction Authority.
These are just a few of the recognition CDL has garnered in Singapore, excluding other accolades that they have also gained worldwide.
With CDL as Penrose Developer, residents can look forward to a development that is designed with careful consideration for both people and the environment. Especially in Singapore where natural resources are scared, sustainable living is critical for the success of future generations.
CDL scored a record year in 2019 with the launch of 6 new developments, bringing the number of new homes to a total of 2,434 units ranging from executive condominiums to luxury residences. As of February 2020, 43% (1554 units) were sold, bringing in a total sales value of $3.3B.
These developments include ultra-luxury residences of Boulevard 88 and Nouvel 18, high-end residences of Amber Park and Haus on Handy, Piermont Grand Executive Condominium, and Sengkang Grand Residences which is integrated with the MRT station, bus interchange, shopping mall, and community center.
Penrose Developer, CDL is widely recognized for its leadership in high-quality innovations. Without a doubt, Penrose shall be an exciting platform for CDL to bring innovative and sustainable living experiences to a whole new level for the property industry in Singapore.
PENROSE CONDO