Located right smack in the green oasis heartlands of Aljunied, Penrose Condominium is definitely one of the most-anticipated developments in 2020 to look out for. Located at the CBD city fringe, this 99-year leasehold condominium is slated for completion by 2025, with a total of about 17 blocks consisting of 560 premium residential units. There are many reasons why Penrose Condominium is highly sought after, which we will detail below for you.
This 99-year leasehold condominium is slated for completion by 2025.
Penrose Condominium Fact Sheet
Property Type: Condominium
Tenure: 99 years
Address: 30 Sims Drive Singapore 387386
Built: 2025
Gross Floor Area: 16,225.2 sqm / 174,646.6 sqft
Blocks: 6
Units: 566
Floors: 17 or 18
Developer: Hong Leong Group & City Developments Limited
Anticipate the impeccable quality the developers can bring to Penrose Condominium
Come home to a fantastical forest-themed Penrose Condominium
What caught our attention was its forest themed inspired architecture and decor that will revitalize your soul and body whenever you come home to Penrose.
As a joint venture development by Hong Leong Group and City Developments Limited, excitement for this luxury project is definitely reasonable given their stellar past track record.
Both developers have a long-established reputation in the real estate industry. Hong Leong Group has started out since the 1960s and has since become the market leader, launching projects including The St. Regis Hotel and Residences, W Singapore Sentosa Cove and Residences, Quayside Isle and One Shenton.
Hong Leong Group has also bought a majority stake in City Developments Limited, which has since become a listed international property and hotel conglomerate. With that, you can already imagine the impeccable quality that the developers will be bringing to Penrose.
Seamless flow of the 50-meter lap pool and these green spaces will allow you to be immersed in the tranquility of nature.
Penrose Condominium’s Floor Plan
Looking at the floor plan of Penrose, the apartment blocks include a mix of 1-to-4 bedroom, penthouse and even dual-key units.
In a previous video, we had an in-depth analysis of the top dual-key condominium developments in Singapore, but during then, information of Penrose was not released yet.
The 2-bedroom units have a popular “dumbbell-shaped” layout with the rooms at each side of the living area.
The forest-inspired estate includes 3 different luxurious woodland pavilions, of which includes a keen attention to detail and vast nature is realized from the moment of entry.
Seamless flow of the 50-meter lap pool and these green spaces will allow you to be immersed in the tranquility of nature.
Residents can also enjoy hosting dinner parties and alfresco dining amidst the greenery, with BBQ pits available as a bonding activity for families and friends.
Penrose also has a generally much larger unit size as compared to the neighbouring Sims Urban Oasis because they are being hit by the new URA policy that restricts developers from building small shoebox units right outside of the city centre.
Location is top-notch at Penrose
Aljunied MRT is the closest MRT and is located just a 5 minutes walk away from the doorstep of Penrose. On top of that, with its proximity to key expressways PIE, KJE and public transportation networks, it’s very convenient for those who drive.
Aljunied is also fairly close to the CBD, only a 10 minutes drive away from City Hall. Home owners can be rest assured that location is prime, here at Penrose.
For your shopping and daily groceries needs, a vibrant neighborhood awaits around!
Kinex Shopping Mall Source: The Smart Local
Nearby, residents can browse the Kinex Shopping Mall (previously One KM), Paya Lebar Square (where you can find Giant Hypermart), and Paya Lebar Quarter. Indulge in the many of Singaporeans’ favourite hawker options in Sims Vista Market and Old Airport Road Hawker Centre.
The location that Penrose sits at, also offers much convenience for families with school-going children of all ages. This includes many schools in the vicinity, including:
Geylang Methodist Primary School
- Geylang Methodist Primary School
- Geylang Methodist Secondary School
- Macpherson Primary School
- Canossa Convent Primary School
- Kong Hwa School
- Bendemeer Primary School
- Cedar Primary School
- Nexus International School
- James Cook University
There is an integrated childcare centre in the development right at the first floor! You will also enjoy sheltered walkways from a bus stop, 1-1 parking lot allocation and a grand entrance drop off.
We will expect that Penrose condominium will be popular among investors for its recession resilience qualities. Nearby, Parc Esta at Eunos MRT & Park Place Residences at PLQ at Paya Lebar MRT have been super popular since their launch.
The prices for Park Place Residences at PLQ integrated developments are even hitting $2,281 per square foot for a studio unit!
A hot favourite among property investors
Penrose Condominium is very popular among investors for its recession resilience qualities. Other than being backed by reputable developers, the surrounding neighbourhoods have very promising future growth in URA’s Master Plan.
As we all know, location is king when it comes to property, and with the Aljunied region so close to the central business district (CBD) the demand for both residents and tenants will be aplenty and moreover, the Singapore CBD is not going to shift anywhere else so soon.
Another transformation is happening at the other end of Aljunied, with Kallang Riverside poised to become a waterfront lifestyle destination.
This 64-hectare entertainment precinct will be presenting thousands of new homes, hotel rooms and around 400,000 sqm of office, retail and entertainment facilities.
Kallang Riverside Park will even include beachside lagoons and recreational water sports fun such as boating or canoeing.
In the region, you get a lot of amazing food options in the Geylang neighbourhood including the tasty frog porridge, Wen Dou Sek Dim sum, Tan Ser Seng Herbs Soup Restaurant, and more.
Conclusion
We will certainly be keeping an eye on the development of Penrose Condominium and also its demand! If you are interested in knowing more about this condominium, reach out to KC from Home Quarters.
At Home Quarters, we have helped many clients turned friends to find their dream home by guiding them through the journey of finding their ideal unit.
Contact us
You may have many concerns – it is perfectly normal – just contact Home Quarters by going over to www.homequarters.com.sg or send us an email at homequarterssg@gmail.com or visit our social media on YouTube, Facebook and Instagram.
You may be looking at resale condominiums instead of brand new condominiums, for that, read our previous article that compares between new launch or resale condominium flats. Let us know what you need, and we can start right away to address your needs.
That’s it for this article! Stay safe everybody, and remember, call Home Quarters and start packing!
