The tender for Penrose site situated at Sims Drive has closed. Your 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. Both 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 top 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 excellent 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 merely one stop from Aljunied Train Station running on the East-West Line. Amenities are also reachable from Penrose with prominent schools located within walking distance. A few of the schools around include Canossa Catholic Primary School and Geylang Methodist School. Such proximity to educational institutions makes the place suitable for family living. Other amenities such as for instance restaurants and shopping malls may also be within the vicinity allowing residents to take pleasure from the most convenience when accessing various necessities.
Penrose is on the outskirts of Sims Street in the strong hunt for Region 14 on Geylang and the Maritime Parades. A 4-minute go from Aljunied MRT, while Paya Lebar is just a 5-minute push from the Biz Hub. It’s easy to get at via the Key Organization District(CBD) to trains only four prevents from Raffles Position MRT stop or even a 12-minute drive. There are many busses outside Penrose that provide people to various parts of Singapore for buses. This latest house introduction can also be properly associated with two big KPE and PIE highways that are in near vicinity to the rest of Singapore.
Penrose can also be just a 15-minute travel from Singapore’s best-known East Shore Park and provides regional shores and recipes on the Lagoon’s eastern coast.
The upstream industrial / blended building for a vacancy house near Aljaunied MRT in 2019 is the next URA Masterplan, that may certainly provide incentives and comfort to the people of Penrose.
The Penrose place information can be used to discover further facilities for possible Penrose users.