Penrose Condo @ Aljunied

Important Announcement:
Almost OCR price in RCR!
🔥 Attractive Price🔥
Starting From
✅ 1 bedroom (473 sf) – starting from $788,000 /$1665psf
✅ 2 bedroom (645 sf) – starting from $943,000 / $1462psf
✅ 3 bedroom (936 sf) – starting from $1,326,000 /$1416psf
✅ 4 bedroom (1388 sf) – starting from $2,111,000 /$1520psf

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 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.

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.

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.

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

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How much would be the selling 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.

Almost OCR price in RCR!
🔥 Attractive Price🔥
Starting From
✅ 1 bedroom (473 sf) – starting from $788,000 /$1665psf
✅ 2 bedroom (645 sf) – starting from $943,000 / $1462psf
✅ 3 bedroom (936 sf) – starting from $1,326,000 /$1416psf
✅ 4 bedroom (1388 sf) – starting from $2,111,000 /$1520psf

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