Indicative Penrose Price is alluring!

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

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 :

12 September 2020 : Start of Preview

25 September 2020 : Pre-balloting exercise

26 September 2020 : Official Main Launch

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.

  

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.

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.

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. 

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

Book Appointment To Get Direct Developer Price

Penrose Condo @ Sims Drive
Jointly Developed By

Developer: CDL & Hong Leong Holdings

Land Tenure: 99 years 

Expected TOP: 2025

Location: Sims Drive, Singapore

Site Links
Contact Us
Penrose @ Sims Drive
Showflat Opening Hour :
By Appointment Only
Sales Team
+65 8180 0822

 

 

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Copyright @ 2020| Penrose | CDL & Hong Leong | +65 82001937

Developer Sales TeamMeiti Robert | R040355I