The tender for Penrose site situated at Sims Drive has closed. The site 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 produce the residential condominium with a 60:40 ownership ratio. A bid from GuocoLand came second at $655 psf ppr falling 12% below the very best 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 internet site noted that one of the impressive attributes of Penrose site is the wonderful connectivity. The neighbourhood is attached to the rest of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway. The CBD and the famous Orchard Road Shopping Belt are also 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 will also be 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 positioning suitable for family living. Other amenities such as for example restaurants and shopping malls will also be within the vicinity allowing residents to savor the utmost convenience when accessing various necessities.
Penrose is on the outskirts of Sims Road in the solid look for Area 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 Business Hub. It’s readily available via the Key Business District(CBD) to teaches just four prevents from Raffles Position MRT stop or a 12-minute drive. There are lots of busses outside Penrose that bring people to different parts of Singapore for buses. That latest house start can also be effectively related to two big KPE and PIE roads which can be in near closeness to the others of Singapore.
Penrose is also just a 15-minute travel from Singapore’s best-known East Shore Park and serves local beaches and dishes on the Lagoon’s western coast.
The upstream industrial / combined creating for a vacancy house near Aljaunied MRT in 2019 is the following URA Masterplan, which will certainly give incentives and comfort to the people of Penrose.
The Penrose place graph can be utilized to find further features for potential Penrose users.