Indicative Penrose Price is alluring!

Attractive Indicative Penrose Pricing (From $1416 psf ONLY) :

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1 Bedroom (473 sft)  --> from $788,000 ($1666 psf)

2 Bedroom (645 sft)  --> from $943,000 ($1462 psf)

3 Bedroom (936 sft)  --> from $1,326,000 ($1416 psf)

4 Bedroom (1388 sft) --> from $2,111,000 ($1520 psf)

Estimated Timeline Launch of Penrose :

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12 September 2020 : Start of Preview

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25 September 2020 : Pre-balloting exercise

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26 September 2020 : Official Main Launch

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Developer has given a very attractive indicative Penrose sales price guideline that ensure the right entry price for many buyers especially the early bird ones. The 2 bedroom and 3 bedroom starts from $14xx psf only, which is very attractive.

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The site is subject to a large minimum average unit size of 85 sqm under the latest ruling. With the current weak economy condition in the wake of COVID-19 and US-China trade war, the developer might be pricing Penrose at a very attractive price especially for the early bird buyers.

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The government land sale (GLS) tender for Sims Drive in Mar 2019 had attracted 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. While second lower bid was submitted by Guocoland at $655 psf ppr – 12% below the top bid, and even lower than the price it had submitted for the 1,024-unit Sims Urban Oasis site of $688 psf ppr in April 2014.

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This 99-year leasehold site at Sims Drive has an area of 174,648 sq ft and could be developed into a new residential project of 570 units. 

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Call +65 82001937 to get latest updates on Penrose launch and early bird attractive discounts on direct developer pricing and best stack unit information. 

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