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Price Chart & Availability

Last Updated: 21st November 2024
We try our best to make sure that the pricing and availability table as updated as possible, however please note that the figures are not final.

 

Project Name	Penrose
Developer	NovaSims Development Pte Ltd (JV between Hong Leong & CDL)
Address	Sims Drive
District	D14 Aljunied / Paya Lebar
Property Type	Condominium
Tenure	99 Years
Total Units	566
Unit Mix	1 to 4 Bedroom Units with Various Layouts
Estimated TOP	2023 or Later
Land Area	16,225.20 m2
Plot Ratio	3.22 (gross)

 

 

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Penrose Condo

Penrose is an upcoming brand new condominium launch by Hong Leong and CDL, located along Sims Drive, which launches for sale on the 26th September 2020. Being located in the RCR (Rest of Central Region), Penrose enjoys convenience to the central areas of Singapore. Buyers will also appreciate the entry-level pricing for a city fringe property and ride on the potential upside of the Paya Lebar Transformation.

Penrose will be one of the most irresistible private residential launch of this period. Here’s why.

1. Strategic Location – Penrose is located at the heart of the District 14’s Paya Lebar Transformation.
2. Rightly Priced – 3 Bedroom units start from only $1420 psf, an irresistible price for a brand new city fringe property.
3. Low Quantum – 1 Bedroom units start from just $788k, perfect for both new and seasoned investors.
4. Tenant Pool – As an investor, you will be glad to know that an already available tenant pool can be tapped on, from office locations in Paya Lebar Quarters, Paya Lebar Square, Singpost Centre and the rest of the Paya Lebar Central area.
5. Aljunied MRT – Also within 5 to 6 minutes walking distance is Aljunied MRT, which is also 1 stop away from Paya Lebar Station.
6. Good Schools within 1 km – Families with young kid will be delighted to know that there are good schools within 1 km of Penrose Condo.
7. Reputable Developers – Buyers have a better peace of mind purchasing from developers with a strong track record, Hong Leong and CDL.

 

How Will it Feel Like to Stay in Penrose?

Being a development with over 500 units and a total size of over 16k sqm, Penrose Condo is considered a well-sized development, which comes with a full range of facilities, communal areas and entertainment spaces for the resident’s enjoyment.

As with all new modern developments, you can expect beautiful landscaping and design in most areas of the development, together with lifestyle-rich facilities such as a tennis court, 50m lap pool and various other entertaining facilities.

 

More Details on Penrose Condo

Penrose consists of a total of 5 blocks with 566 residential units in various layouts.

All blocks generally enjoy North-South orientation, which minimizes the effects of the direct afternoon sunlight, and also provides great natural ventilation.

All unit layouts are very functional, which maximises useable and liveable area. Units in Penrose are equipped with a decent-sized balcony, and comes in different layout arrangements, to cater to all kinds of household sizes from individual occupiers to large families.

Bedrooms are also sized well for comfortable living. Furthermore, there are also unit choices that provide an extra study space.

 

Showflat Photo Gallery

2 Bedroom

 

3 Bedroom

4 Bedroom

 

Penrose Location Map

 

Location & Accessibility

The convenience of Penrose Condo lies in the short walking distance to Aljunied MRT, with just 5 to 6 minutes of walking time.

Aljunied MRT then conveniently links you to several notable areas:

• 1 stop from Paya Lebar
• 2 stops from Bugis
• 5 stops from Raffles Place
• 5 stops from Bayfront
• 7 stops from Jewel Changi Airport

Penrose is strategically located in the heart of District 14’s Paya Lebar Transformation, a vibrant commercial and lifestyle hub, containing billion dollar developments for retails and Grade-A offices, which URA has deemed as a highly liveable and sustainable new town.

It is also entirely possible for both families and tenants to live a car-free lifestyle, while not sacrificing on convenience.

This puts Penrose not just an ideal place to be staying at, but also a favourable position for future resale buyers, for being centrally connected to the rest of Singapore.

 

Nearby Schools

There will be several schools that will be situated near Penrose, perfect for families with young kids, or those that are planning to have.

Nearby Primary Schools

Geylang Methodist School (Primary)
4 Geylang East Central

Canossa Catholic Primary School
1 Sallim Rd

Nearby International Schools

Nexus International School (Singapore)
1 Aljunied Walk

James Cook University
149 Sims Dr

 

Land Price from Government Land Sales

The land parcel where Penrose will be situated at was tendered on 28 March 2019 for a bid of $383,529,936, edging out 4 other bidders.

The site has a total area of 16,225.0 sqm with a max GFA of 48,676.0 sqm that translates to around $732 psf ppr.

 

Nearby Amenities

Being in close proximity of Paya Lebar Central, shopping, entertainment and dining are all close by at just 1 MRT stop away. Enjoy the retail offerings from Paya Lebar Quarters Mall, Singpost Centre and Paya Lebar Square over there.

Grocery shopping can also be done at nearby budget-friendly supermarkets within walking distance, such as:

• NTUC Fairprice (est 687 m away)
• Giant (est 713 m away)
• Sheng Siong (est 802 m away)

Don’t forget that there’s a convenient option to travel to the other central areas of Singapore only within a few stops of MRT travel.

 

Types of Available Units

With a good mix of 1 to 4 bedroom units, families will have a variety of choices and layouts to choose from to cater to their own needs. Investors will also be delighted with the variety of 1 and 2 bedrooms units for them to choose from.

Majority of the units come equipped with a balcony, giving you a comfortable and desirable living experience at home. Choosing your favorite layout just comes down to your preference and suitability for your family or investment needs.

Available Unit Types:

 

 

Facilities

 

 

You will be delighted by the array of facilities available here, such as:

• 50m Swimming Pool
• Water Deck
• City View Lounge
• Alfresco Dining
• Cascading Garden Walk
• Zipline
• Kid’s Adventure Park
• Tennis Court
• And Many More

There will also be a tastefully designed clubhouse for residents to hold their functions and parties.

 

Penrose Condo Floor Plans

The floor plans presented are only a selection of the entire library.
Please note that floor plans may be subjected to changes.

 

1 Bedroom

 

2 Bedroom

 

2 Bedroom Premium

 

2 Bedroom + Study

 

3 Bedroom

 

3 Bedroom Premium

 

3 Bedroom + Study

 

4 Bedroom

 

Similar Nearby Condominiums

District 14 is also home to many other condominiums such as Sims Urban Oasis, Tre Residences, The Antares and Arena Residences.

 

Is Penrose Worth Buying?

There is without a doubt that Penrose will be a popular purchase, especially for investors.
(Note: Over the launch weekend, around 90% of the 1 and 2 bedroom units were booked)

The launch fulfils the 3 critical factors that make it a worthwhile investment:

1. Location
2. Entry Price
3. Capital Appreciation

These 3 factors come into place together nicely. With a great location at the city fringe, coupled by it’s walking distance to an MRT station, the psf price points for Penrose are at a very fair value, starting from $1420 psf, perfect for investors. Having a very affordable quantum for 1 bedrooms starting from $788k also makes it a easy investment decision. These are irresistible prices for the Rest of Central Region, and is surely to bring in high interest and demand at launch.

In recent times, more and more people have come to a realization that private properties are known to appreciate at a higher level than public housing, which makes Penrose an ideal choice for HDB upgraders as well.

Penrose is also located at the heart of the Paya Lebar Transformation. Investors will potentially enjoy the future capital upside from owning a property investment in this area, which reinforces the investment potential of this development.

 

Additional Requirements to Take Note

• If you have are a current owner of an HDB/EC/DBSS flat, you need to have fulfilled the Minimum Occupation Period of 5 years before you can purchase a private residential property under your name.
• Purchasing of a property in Singapore is subjected to the Buyer’s Stamp Duty (BSD).
• If you have are a current owner of another residential property, do note that you are subjected to ABSD depending on the number of properties you own.
  
• You may also be subjected to SSD, depending on the date(s) of your previous property acquisition(s).
• Your ability to take a loan from a financial institution to finance a property purchase will depend on your TDSR, among other factors.

 

Penrose Showflat Location

Click here to load Google Maps location for Penrose on your phone

 

To get a chance to purchase this beautiful development, reach us via the contact form at the bottom of this page and we will link you up with the developer’s sales team.