The tender for Penrose site situated at Sims Drive has closed. The website attracted 5 bids with the bid from two partners City Developments (CDL) and Intrepid Investments of Hong Leong Group Singapore topping at S$383.5 million which reflects S$732 psf ppr. The two companies agreed to develop the residential condominium with a 60:40 ownership ratio. A bid from GuocoLand came second at $655 psf ppr falling 12% below the most effective bid. Penrose site covers 174,648 sq ft and anticipated to accommodate about 565 residential units. The building will comprise of 17 or 18-storey buildings. Hong Leong Group spokesman commenting on the webpage noted that on the list of impressive attributes of Penrose site is the superb connectivity. The neighbourhood is connected to other parts of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway. The CBD and the famous Orchard Road Shopping Belt may also be about 15 mins drive from Penrose. Paya Lebar Central and Paya Lebar MRT Interchange station is simply one stop far from Aljunied Train Station running on the East-West Line. Amenities may also be reachable from Penrose with prominent schools located within walking distance. Some of the schools around include Canossa Catholic Primary School and Geylang Methodist School. Such proximity to educational institutions makes the location ideal for family living. Other amenities such as for instance restaurants and shopping malls are also within the vicinity allowing residents to take pleasure from the most convenience when accessing various necessities.
Penrose is situated on the outskirts of Sims Path in the solid hunt for District 14 on Geylang and the Underwater Parades. A 4-minute go from Aljunied MRT, while Paya Lebar is a 5-minute push from the Biz Hub. It’s easily accessible via the Main Company District(CBD) to trains just four stops from Raffles Position MRT stop or even a 12-minute drive. There are numerous busses external Penrose that carry visitors to various elements of Singapore for buses. That latest house introduction can also be properly connected with two large KPE and PIE streets which can be in near closeness to the rest of Singapore.
Penrose is also only a 15-minute drive from Singapore’s best-known East Shore Park and serves regional shores and dishes on the Lagoon’s western coast.
The upstream commercial / combined building for a vacancy house near Aljaunied MRT in 2019 is the next URA Masterplan, that’ll truly offer incentives and ease to the people of Penrose.
The Penrose position information may be used to locate more features for potential Penrose users.