Frequently Asked Questions About Penrose Condo@ Sims Drive

Q.  Where is Penrose Condo location address?

Penrose condo developed by CDL is located at 20 / 22 / 24 / 26 / 28 / 30 Sims Drive, which is only 500 m of 6 min walk away to Aljunied MRT in district 14.

Q. Who is Penrose developer?

Penrose is jointly developed by City Development Ltd and Hong Leong Holdings' Interprid investments, both are members of Hong Leong Group Singapore. Read more of the developers' profile from HERE.

Q. When is Penrose TOP date and legal completion (CSC) date?

 Penrose expected TOP date is  31st August 2024 and legal completion (CSC) date is 31st August 2027.

Q. What are the schools within 2km of Penrose location?

Good schools surrounding Park Colonial location (within 2km) are Mac Pherson Primary School, Canossa Convent Primary School, Geylang Methodhist Primary School, Kong Hwa Primary School, and Nexus International School (8 min walk away). Also James Cook University which has 4200 students is only 7 min walk away from Penrose. Future owners can expect quite a number of students who will be seeking to rent residential units at Penrose. Click HERE to read more about Penrose location and surrounding amenities.

Q. What are Penrose condo facilities owner can enjoy?

The residents of Penrose can come together to enjoy family time at Grand Clubhouse, Dining pavilion with BBQ pits and dine under the stars at the Sky Dining & Lounge on the 18th floor of block 30. A 50 meter lap pool for serious swimmer is also present next to the grand clubhouse. The kids can have their happy fun at Kids' Adventure Playground that features aqua play, jumping water jet, and Zipline.

Download Penrose site plan with full condo facilities from HERE.

 

Q. What is the size of the land site of Penrose Condo?

Penrose has a large land size of 16,225 sqm / 174,647 sft with a plot ratio of 3.22.

Gross Floor Area : 52,337.42 sqm / 563,360 sft (including balcony GFA of 3372.32 sqm, Indoor Recreation space GFA of 289.10 sqm, and Child Care Centre GFA of 500 sqm.

Q. What is the set back distance from the units that faces PIE?

Units located at Block 20 and Block 22 facing PIE direction has a distance of 30m away from the expressway. A multi-storey carpark is built to act as a noise buffer on these 2 blocks. Units that faces PIE will also have a thicker windows of 12mm.

Q. What is the smallest size unit available at Penrose Condo?

The smallest size unit available is 1-bedroom from 474- 570 sft. There are only 57 units of 1 bedroom available and 2 units of an extremely rare 1 + Study layout. Please read more about Penrose floor plans review from HERE.

Q. What is the largest size unit available at Penrose Condo?

The largest size unit available is 4-bedroom unit approximately 1389 - 1399 sft and there are only 54 units of them (less than 10% of 566 total number of residential units. All 4 Bedrooms are corner stacks and face the center of the condo facilities (none has road facing unit). The nearest block to block distance is 32 metres apart (between Block 20 to 30), while the furthest distance is 43m (between Block 22 and 30). 

Click HERE to download complete Penrose floor plans from 1 BR - 4 BR.

Q. Is there a virtual tour of Penrose Showflat?

Please Click Here For Virtual Tour of Penrose Sales Gallery.

Please Click Here For Virtual Tour of 2 Bedroom Show Unit.

Please Click Here For Virtual Tour of 3 Bedroom Premium Unit.

Please Click Here For Virtual Tour of 4 Bedroom Premium Unit

Q. Is there any dual-key unit in Penrose @ Sims Drive?

There is no dual-key unit at Penrose Condo. But all of the 2 bedrooms have dumb bell layout, which buyers can consider to convert to dual-key units. Please study the floor plan of Penrose units carefully and consult your renovation contractor for the best approach.

Q. What is the highest level in Penrose Sims Drive Condo?

There are 5 blocks of 18 storeys at Penrose Condo at Sims Drive with one Child Care Center (500 sqm) at ground floor of Block 30. The Sky Dining Pavilion and Starlight Lounge that offer dining under the star experience are located on 18th floor of Block 30.

Q. Are the enough car park lots for Penrose residents?

Yes, there are 1 basement car park and 4-storey multi-storey car park. Total car park lots is 583 consisting of 12 ground floor parking lots (for Child Care), 220 multi-storey parking lots (for residential), 346 basement parking lots (for residential), and 5 accessible lots (basement). 

Q. Are there any bicycle lots at Penrose?

Yes, there are 146 bicycle lots located at different blocks.

Q. What is the typical ceiling height of unit in Park Colonial Condo?

The typical ceiling height of most of the units at Penrose Condo is 2.8m. There is no loft unit.

Q. What is the nearest MRT to Penrose Condo @ Sims Drive?

Penrose condo is located only 400 meter away from Aljnied MRT on East-West Line (Green Line), which is in city fringe location:

1  stop to Paya Lebar Business Park

1 stop to Kallang

4 stops to City Hall MRT

5 stops to Raffles Place MRT, Orchard and Marina Bay Sands

6 stops to Tanjong Pagar MRT

Q. What are the amenities surrounding Penrose Condo?

Penrose condo is located in the Aljunied estates, which is famous for many good food and fruits stalls along Geylang Road. The Sims Vista Food Center and Market is just less than 5 min walk away.The URA Master Plan 2019 has also indicated there is a change of land use zoning from residential to commercial. Read more about it at this LINK. The major transformations at Geylang, Kallang and Paya Lebar are currently underway being the latest completion seen at Paya Lebar Quarter Mall in 2019. Many amenities and commercial development to cater the growing number of future residential developments in the area will certainly benefit the owners of Penrose condo. Read more about the surrounding amenities HERE.

Q. What is the expected rental yield for the area?

We can take reference from the nearest private residential project located just next to Penrose condo at Sims Urban Oasis. It was competed in 2018 and has1024 units. Sims Urban Oasis enjoys healthy rental transaction volume of more than 10 per month. Based on real transactions for the past one year,  a 1-bedroom unit (400 - 500 sft) at Sims Urban Oasis can fetch rental ranging from $1,900 - $2,400 per month. While for a 2-bedroom unit (600 - 800 sft), monthly rental have been transacted from $2,400 - $2,800. A 3-bedroom unit of 800 - 1400 sft have been transacted from $3,000 - $4,000 per month. This translates to approximately 3.2% rental yield per annum.

Q. What is the estimated monthly Penrose maintenance charges?

For unit size 44 - 48 sqm (474 - 517 sft), the monthly maintenance charges is estimated at around S$276.50.

For unit size 52 - 99 sqm (560 - 1066 sft), the monthly maintenance charges is estimated at around S$331.80.

For unit size 102 - 130 sqm (1098 - 1399 sft), the monthly maintenance charges is estimated at around S$387.10.

Q. Why Penrose condo is an attractive property for both home owners and investors?

Penrose condo is located right at the city fringe that takes only 15 minutes away or less to the city location. Paya Lebar Central that is 1 stop away had  also seen a new launch condo in 2017 that is selling from $1750 - $2,000 psf. A 2-bedroom of 667 sft unit on 17th floor was sold for $2090 psf in Jul 2018. Since the land bid price for this Sims Drive GLS site was won at approx $732 psf, Colliers has expected Penrose condo to be launched at $1400 psf onwards, which presents a very good opportunity for buyers to enter with a good potential capital gain upside. Many other new launch condo further down the city fringe such as Eunos, Tanah Merah, Sengkang  have also seen pricing of new condo launch from $1600 psf onwards.

The Paya Lebar Business Park which is developed under URA Master Plan to create up to 70,000 jobs and another  growth area in Kallang Riverside which will be rejuvenated to create up to 43,00 jobs presents an opportunity of huge rental demand for Sims Drive condo. District 14 has also been known to have one of the highest rental yield in Singapore compared to other central or city fringe location.

Q. How is the Paya Lebar Central going to be developed under URA Master Plan?

Paya Lebar Central is envisaged to be developed into a lively commercial centre with vibrant and attractive public spaces.  Located at the fringe of the city centre, Paya Lebar Central will provide an attractive and accessible location for businesses that do not need to be within the Central Business District. Paya Lebar Central is planned as a pedestrian-friendly area with a comprehensive sheltered network of pedestrian malls, covered walkways, 2nd storey links, and through-block links. This network provides convenient, comfortable, and seamless connections between developments, transport facilities, key spaces and attractions, and ensures all-weather comfort. Paya Lebar Central is expected to create up to 70,000 jobs with the relocation of Paya Lebar Air Base , which will free up 800ha of land, and will be transformed into a highly liveable new town. These developments will open up ample opportunities for developers.

This development is part of URA’s larger decentralization strategy in providing alternatives for businesses to move away from the central business district and to create jobs closer to home for majority of employees. This will help business owners reduce their operating costs and provides convenience to employees getting to work and back. With this plan, it will indirectly boost property prices around the area, which will include Penrose Condo at Sims Drive.

Q. Is there any transformation to the area that can have a positive effect on land values surrounding Penrose condo?

Yes, there are 3 major transformations that are taking shape surrounding Penrose location at Sims Drive.

They are the re-zoning of Geylang (Upper Lorong), Kallang region (ie. Kallang Basin, Kallang Distripark, Kallang Industrial Estate, Kallang Sports Hub)  and Paya Lebar transformation (Paya Lebar Central and Relocation of Paya Lebar Air Base). These transformations has been taking place since 2017 and will be completed in phases. These completion in stages will give many opportunities for owners of Penrose condo to plan their exit plans strategically.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Penrose Condo @ Sims Drive
Jointly Developed By

Developer: CDL & Hong Leong Holdings

Land Tenure: 99 years 

Expected TOP: 2025

Location: Sims Drive, Singapore

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