Penrose Condo @ Aljunied

Located on the city fringes in District 14, Penrose condo is a pure residential development, which is the most affordable new condo launch in 2020.

It has with several 17- or 18-storey blocks comprising about 560 units. Offering purchasers a wide choice of formats, from 1 bed units up to 5 bed ones.

There is a good choice of eateries only a short walk from Penrose condo. It is about 10 mins walk to Aljunied MRT Station, 5 stops from Raffles Place.

Penrose Project Detail

Project Name Penrose
Developer Hong Leong Holdings' Intrepid Investments and City Developments Ltd
Architect TBA
Main Contractor TBC
Address Sims Drive
District D14 Aljunied
Property Type 17- or 18-storey high rise pure residential towers
Tenure 99 Years Leasehold
Land Size 16,225.2 sqm / 174,646.6 sqft
Total Units 560
Unit Mix Ranging from 1-Bedroom to 5-Bedroom
Expect TOP Date 2024
Land Price $732psf ppr
Sims Villa

Who is the Developer?

CDL

Penrose condo is developed by Intrepid Investments and City Developments Ltd, who are both the subsidiaries under Hong Leong Group.

Okay, let me show you some of their completed projects:

  • South Beach Residences
  • Commonwealth Towers
  • Coco Palms
  • The Meyerise
  • St. Regis Residences
  • One Shenton
  • many more…

Truly, I use the word “Astonishing” to describe their products.

Where is Penrose Condo located?

Sims Villa location

As you can see from the little map, Penrose condo is located right next to Sims Urban Oasis.

Although Penrose condo seems to be slightly further away from Aljunied MRT station, but it is also tucked away from the noise from the heavy traffic along Aljunied Road.

In addition, if you wish to zoom in and look in detailed, you may use in the map below.

Accessibility

Aljunied MRT

The nearest MRT to Penrose condo is Aljunied on the East West Line, which is a short walk away.

And, Paya Lebar MRT is then 1 stop away where you can connect to the Circle Line.

Moreover, going to the City direction, Kallang is 1 stop down the line, with City Hall and Raffles Place 3 and 4 more stops respectively.

Besides that, the PIE runs just behind Penrose condo, giving residents very quick access to that and other areas of the island.

Amenities Around

Dining near Penrose condo:

  • Sims Vista Market Food Centre
  • famous Geylang Lorongs

Shopping near Penrose condo:

  • Paya Lebar Square
  • PLQ Mall
  • Leisure Park Kallang
  • Bugis Junction
  • Bugis+

Schools and Education near Penrose condo:

  • Geylang Methodist Primary School (within 1km)
  • Canossa Catholic Primary School (within 1km)
  • Bendemeer Primary School (1-2km)
  • Cedar Primary School (1-2km)
  • Kong Hwa Primary School (1-2km)
  • James Cook University
  • Nexus International School

Penrose Floor Plan & Price Guide

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How much would be the selling price?

Sims Villa Price

The breakeven cost for the developer is $1,235psf, I expect the developer will get a profit margin 25%.

In conclusion, the developer may price it at $1,550psf in average.

Above all, Penrose condo is highly recommended must buy condo in 2020 due to the rarely affordable new launch condo located in city fringe launch in 2020.

Let’s Review and Comment is Penrose condo a Good Buy?

Penrose
5.0 rating based on 12,345 ratings
Overall rating: 5 out of 5 based on 2 reviews.
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1 Bedroom below $700K

2 Bedroom below $1mil

3 Bedroom below $1.4mil

4 Bedroom below $1.7mil

5 Bedroom below $2mil