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. 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 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 linked 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 simply one stop far from Aljunied Train Station running on the East-West Line. Amenities are also 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 restaurants and shopping malls are also within the vicinity allowing residents to enjoy the most convenience when accessing various necessities.
Penrose is situated on the outskirts of Sims Path in the solid search for Section 14 on Geylang and the Maritime Parades. A 4-minute go from Aljunied MRT, while Paya Lebar is really a 5-minute get from the Biz Hub. It’s readily available via the Key Organization District(CBD) to trains only four stops from Raffles Position MRT stop or a 12-minute drive. There are many busses external Penrose that provide individuals to different elements of Singapore for buses. This latest condo start is also well associated with two big KPE and PIE roads which can be in near distance to the rest of Singapore.
Penrose can also be only a 15-minute travel from Singapore’s best-known East Coast Park and serves local shores and dishes on the Lagoon’s western coast.
The upstream industrial / combined making for a vacancy house near Aljaunied MRT in 2019 is another URA Masterplan, which will undoubtedly provide incentives and ease to the people of Penrose.
The Penrose position graph may be used to find more facilities for potential Penrose users.