99 years leasehold, New Launch Condo Register For Interest Now - 2 Bedroom RCR, Condo
Penrose At Sims Drive
PENROSE is a thoughtfully-designed 99-year leasehold private development at the Sims Drive.
Located just a short drive from Marina Bay and the CBD and a few minutes’ walk to Aljunied MRT station, PENROSE is also in the midst of many existing and future landmark projects. These include the Singapore Sports Hub to the South, the upcoming Paya Lebar Sub-Regional Centre to the East, the new Kallang Riverside waterfront district to the West, and the future Bidadari Estate to the North.
As the first prime private residential development in the area, Penrose is poised to rejuvenate a charming and accessible locale of Singapore. With well-designed homes and quality amenities, the 1.62 hectare development will add to the positive transformation of Sims Drive. Upon completion, a total of 570 units will cater various apartment types for multi-generation living, families, young couples, singles and their diverse lifestyles.
Project Details
| Developer | CDL Hong Leong |
| Address | 20, 22, 24, 26, 28, 30 Sims Drive Singapore 387395 |
| Total Units | Estimated 570 Residential Units |
| Car Park | To Be Confirm |
| Site Area | Approx. 174,375 sqft |
| Land Tenure | 99 Years |
| TOP / Legal Completion | Estimated to be 2024 / 2026 |
| Architect | To Be Confirm |
| Interior Design | To Be Confirm |
| Landscape Consultant | To Be Confirm |
| Main Contractor | To Be Confirm |
A Chance To Own A Home Near The City
Penrose is set to be the centre of all that’s new. Come 2024, you can look forward to new and enhanced facilities, better transport connectivity and more opportunities to work near home.
Currently already an important MRT interchange for the Circle and East-West lines, Paya Lebar is set to turn into a fully-integrated commercial centre in the next five years. According to the Urban Redevelopment Authority (URA), the new Paya Lebar Central will be transformed into a 12-hectare cluster of office buildings, retail developments and beautiful public spaces.
Specific plans include a public plaza next to the MRT interchange for recreational activities and as a gathering area for the diverse crowds. The plaza will also link commuters up to nearby places of interest via covered walkways and overhead bridges, so everything is just a pleasant stroll away.
Joining classic malls like City Plaza and Kallang Leisure Park are newer shopping centres like Singpost Centre, Paya Lebar Sqaure and Paya Labar Quarter Mall, helping rejuvenate the retail scene with newer, more competitive offerings. From fashion labels like H&M and Uniqlo to supermarkets and gourmet grocers, residents will be spoilt for choice when it comes to their daily lifestyle needs. In the next few years, we can expect the scene to have grown significantly, especially with the opening of the Geylang Serai pedestrian mall, new Lavender shopping mall Aperia and new developments at the old Kallang Airport and along Tanjong Katong Road.
Thanks to stunning new developments along the Geylang River, residents can enjoy a plethora of new dining, drinking and recreation options right by the river. URA’s plans to reconstruct a stretch of the river and update it with a mix of new offices, shops and F&B outlets will transform this part of Geylang into the next hot ’hood. Come 2019, the riverfront will become a charming spot for after-work drinks, romantic dates and lazy weekend brunches.
While there’s no lack of good schools nearby Penrose, there are two schools that will certainly be a game-changer to this neighborhood. They are Nexus International School and James Cook University. James Cook University has proved so popular that it’s expanding enrolment from 3,400 students in 2014 to 7,500 by 2019, aided by a considerably larger (24,000 square meters) campus. Nexus International School which costs $230 million for its campus in Aljunied has just been completed and is now taking in students from different expatriate communities. The campus has a capacity for 2,000 students as well as state-of-the-art facilities will add to the reason for more expatriate to lease near the school.
Penrose Prices & Unit Mix
| Unit Type | Bath | Size (sqft) | Starting Price (Est.) | No. of Unit |
| 1 Bedroom | 1 | 474 – 517 | $804,000 | 57 |
| 1 + Study | 1 | 560 – 571 | $925,000 | 2 |
| 2 Bedroom | 1 | 646 | $1,037,000 | 69 |
| 2 Bedroom Premium | 2 | 700 – 710 | $1,124,000 | 68 |
| 2 + Study | 2 | 797 – 807 | $1,210,000 | 34 |
| 3 Bedroom | 2 | 937 – 980 | $1,378,000 | 105 |
| 3 Bedroom Premium | 3 | 1044 – 1098 | $1,487,000 | 123 |
| 3 + Study | 3 | 1173 – 1184 | $1,618,000 | 54 |
| 4 Bedroom | 3 | 1389 – 1399 | $1,853,000 | 54 |
| TOTAL | 566 | |||
