Penrose | A Brand new Lifestyle Awaits You
Penrose condo is the latest new launch by a consortium of Hong Leong Holdings’ Intrepid Investments and City Development (One of Singapores reputable developers) in the city fringe vicinity of Geylang/Aljunied. Fresh of the recent months bidded GLS site, it will comprise of approximately 570 residential units over 17 to 18 stories high residential building with diverse communal facilities. This exciting development will be built on a huge land size of 174,648sqft where there will be an abundance of open spaces. Penrose will be also be located mins away from the Aljunied MRT and also with a bus stop outside the development! Accessibility will be complemented by the proximity to the KPE or PIE while it’s only a short 13-15 mins drive to the Central Business District
There will also be many various unique facilities such as good-sized swimming pool, fully equipped gym, multiple relaxation areas and BBQ pits, perfect for family gatherings. Penrose will definitely be a quality home with exceptional furnishings as based on the developer’s great track record. Unit size will vary from one to five bedrooms to ensure a perfect suit for all family mix.
Penrose | Lifestyle and Convenience
Being in a good geographical location, Penrose residents can not only find that the MRT is a short walk away, but they can also have a bus stop right outside the development. One of the main draws is that Aljunied MRT is just one stop away from Paya Lebar MRT which consists of the MRT interchange and Regional Centre. Shopping centers are just minutes away with popular malls such as Paya Lebar Quarters, Kinex mall, Paya Lebar Square, or even Kallang Wave mall. If residents love hawker fare, they can indulge at Geylang East Market & Food Centre, Sims Vista Market & Food Centre, New Lai Lai Hong Yun Food Centre and Upper Boon Keng Food Market Center. These hawkers provide some of the famous dishes in Singapore. East Coast Park is also located a short distance away for the residents to enjoy numerous fun-filling nearby recreation activities. Full entertainment, dining and shopping options are therefore at your fingertips!
Check out the location, project details and floor plans
Penrose condo | Amenities and Schools
This upcoming mega launch will be near elite schools such as Kong Hwa School, Canossa Convent Primary School, Cedar Primary School, Geylang Methodist School (Primary), Bendemeer Primary School, Tanjong Katong Primary School, and Eunos Primary School.
For rental investment, we can expect expats working in the Marina Bay financial Area, Central Business District and even Harbourfront. For the drivers, it will take less than 13 minutes to drive to the business hub and vibrant Orchard Road shopping district, via East Coast Parkway and the Marina Coastal Expressway.
Penrose will be attractively priced during the preview period as developers offer great discounts for early birds. Do register on the right to receive up to date discounts, prices and for a showflat appointment.
Penrose Latest updates:
28th September 2020: Showflat viewing on priority basis due to covid19 , Register now to be updated
1st July 2020: Floor Plans and Indicative pending update, Register to be updated.
10th June 2020: Facade, Official Logo released. Pending official Launch.
23rd March 2020: Basic details, Location updated
4th January 2020: Project Details updated.
Penrose | Solid Investment Opportunity
There are many reasons why Penrose will be a solid investment. One of it is being a City-Fringe address will mean that soon-to-be owners can purchase units at reasonable pricing while having solid rental returns. Being near the CBD with driving, MRT and bus options, rental units will command respectable rents from tenants working in the city.
With plans to transform District 14 into a business and regional hub will mean there will be further demand anticipated in the future. This will translate into capital appreciation and rental demand. This can be further amplified when more companies shift their bases away from the CBD as we can see in recent years.
Why Penrose?
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- Located in city fringed District 14,
- Residential Development in Singapore by reputable developers of Hong Leong
- Aljunied MRT is just minutes walk away & many buses service the area
- 15 mins drive to CBD, 10 mins drive to East coast Park
- Located right in the middle of Master Planning Zones
- Within 1km to elite schools like Geylang Methodist Primary and Secondary. Others are Cedar Primary School & Kong Hwa
- Many different unit sizes with very good layouts
- Very attractive pricing for a city fringe condominium
| Project Name: | Penrose |
| Developers: | A consortium of Intrepid Investments and City Developments (subsidiaries of Hong Leong Holdings) |
| District: | 14 |
| Tenure: | 99 years leasehold |
| Address: | 20, 22, 26, 28, 30 Sims Drive |
| Units: | 566 units over 5 blocks + Child Care Centre |
| Number of Floors: | 18-storey blocks |
| Land Size: | 174,648sqf |
About The Developer
Hong Leong Holdings
Hong Leong Holdings is a real estate company. It was established in 1968. The company’s area of work is both on property development and investment. This real estate company is responsible for the development of the most lavish, luxurious and unique residential properties available in the marketplace.
Hong Leong Holdings is a real estate development that is known globally and is very prominent among real estate developers. They are universally recognized as they have successfully developed various projects and they have been greeted for the great quality of work and the time management for project completion.
The critical success factors behind Hong Leong Holdings being the most prominent real estate developer is due to its collaborating factors and holding a healthy work environment. The company understands that to be successful in projects it had to harness expertise in comparison to other real estate developers. The company values good synergy between different professionals to give its customers a great project.
City Development Limited
City Developments Limited is a real estate company whose operations revolves around several different countries of the world. It has network access across 103 locations in 29 countries and different continents. So, it can be said this company has a vast portfolio. The vast portfolio of the company in different continents of operation includes residences, serviced apartments, hotels, offices, shopping malls, and integrated developments. The company has an area over five million acres and this can be compared with the tip of an iceberg.
The company was established in 1963 in a small office of Amber Mansions. It was established by only one founder and in its beginning phase, it had only eight members. The company had no hint of becoming such a success shortly. At the time it made its maiden debut it had its shares listed on Malayan Stock Exchange.
It was a new era in the 1980s for City Development Limited. They had achieved great success in the 1970s, but in the 1980s, there was a significant increase in the growth of their empire. In that decade, they had many buildings and had completed over 20 residential developments.
