Penrose at Sims Drive
An amazing new luxury development in the heart of Paya Lebar, simple yet luxurious. Penrose at Sims Drive stands tall with 5-blocks of residential units. Surrounded by a vast range of varieties all available to access within a short walking distance, Penrose is perfect for families and investors.
Set within a short walking distance to the Aljunied MRT Station, which makes it easy for residents to access the town area. Apart from that, the Central Area is also easily accessible with the Nicoll Highway, which only takes a 12-minute drive. A great space for those who work in town. Not only is this space built with quality, it is also made with perfection. With a 4-storey carpark and a swimming pool, residents can look forward to their recreational activities within the comfort of their own home. For families with children, Geylang Methodist Primary and Secondary School are only minutes away. Accessible to all hotspots in Singapore, this space is exceptional and a great investment for you and your family. With 9 unit types to choose from, Penrose caters to everyone needs.
Jointly Developed by reputable developers Hong Leong Holdings and City Development Limted, Penrose is just next to Nexus International School, also only a short walk to Aljunied MRT Station and mins to Town and CBD area by car. From the experience of Sims Urban Oasis when it TOP, which is just located next to Penrose, the strong interest from tenant and take up rate, Penrose will also be a great investment choice for investors.
Penrose at Sims Drive is sited on a 99-year leasehold site with an site area of 174,648 sq.ft and will be develop into a condominium in the City Fringe with 5 block of 18 story and 566 units of luxury apartment, all the units will have a North-South orientation, ranging from 1 bedroom to 5 bedroom.
Unit Mix : Total 566 units
|Type||Size (sq.ft)||No. of units|
|1 bedroom||474 - 517||57|
|1 bedroom + study||560 - 571||2|
|2 bedroom premium||700 - 710||68|
|2 bedroom + study||797 - 807||34|
|3 bedroom||937 - 980||105|
|3 bedroom premium||1044 - 1098||123|
|3 bedroom + study||1173 - 1184||54|
|4 bedroom||1389 - 1399||54|
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Located in city fridge and part of Geylang Planning Area, Penrose at Sims Drive is close to reputable schools such as Geylang Methodist School, Geylang Methodist Secondary School, Macpherson Primary School, Canossa Convent Primary School, Kong Hwa School, Bendemeer Primary School, Cedar Primary School and Nexus International School.
Nearby malls include Onekm mall, Paya Lebar Square and Paya Lebar Quarter. Major entertainment areas like City Hall (Raffles City, Suntec City) and Orchard Road (Plaza Singapura, Far East Plaza, Ngee Ann City) are easily accessible via bus/train and car. Widespread selection of affordable and delicious hawker food at Geylang. Posh restaurants and chill-out cafes are available at Paya Lebar Quarter and Onekm mall.
Major expressways PIE and KPE just a short drive away, and Aljunied MRT within walking distance, residents will enjoy fast travel to all parts of Singapore by both public and private transport.
Minutes walk to,,,
Nexus International Sch
James Cook University
Geylang Methodist Sch
Minutes drive to,,,
Central Business District
Marina Bay Sands
Garden By the Bay
Penrose at Sims Drive
How Much Will Penrose Be Selling?
Penrose at Sims Drive sites was launched for sale under the Confirmed List on November 2019, the tender closed on March 2019 and attracted a total of five bids. The highest bid of $383.5 million ($732 psf per plot ratio) came from a 60:40 joint venture between Hong Leong Holdings’ Intrepid Investments and City Developments Ltd, both members of Hong Leong Group Singapore.
Base on the tender price, this will work out to be a land cost of S$732 psf ppr, if we add construction cost, and others cost like bank interest etc, and with comparison of the latest new launch and resales transaction within the area, Penrose at Sims Drive might likely to launch at a estimated price range from S$1500 – $1600. (To Be Confirm)