Hong Leong Holdings and City Developments Limited jointly developed a 99-YEAR leasehold private flat that is having previews by appointment from Sept 12 onwards, said a representative from Hong Leong Group in a statement on Wednesday.
Early-bird rates for Penrose condominium, which is situated in District 14 along Sims Drive, start from $788,000 for the 1-bedroom units, $943,000 for 2-bedrooms units, $1.33 million for 3-bedrooms unit and $2.11 million for 4-bedroom units, termed as competitive even for other new launches around Penrose
The residential development comprises 5 18-storey towers with a total space of 566 units. Sizes of 1-bedroom units start from 474 square feet (sq ft), 646 sq ft for 2-bedroom units, 936 sq ft for 3-bedroom units, and 1,389 sq ft for 4-bedroom units.
The temporary occupation permit is anticipated to be given by July 2024, commented Hong Leong Group.
Facilities at Penrose condominium consists of a 50-metre swimming pool, a rooftop sky garden with unblocked views of Kallang basin, wellness gardens, a pavilion for social gatherings and a treehouse pavilion, as well as a family friendly childcare centre.
The Penrose is a 15-minute drive to the central business district (CBD) and Orchard shopping district, and a 6-minute stroll to the nearest Aljunied MRT station. The Penrose is also connected to other parts of Singapore by the Pan Island Expressway (PIE) and the Kallang-Paya Lebar Expressway (KPE).
Popular schools like Canossa Catholic Primary School and Geylang Methodist School are a 15-minute and 5-minute and walk away respectively.
Nearby hawker centres to Penrose include Sims Vista Market & Food Centre, Old Airport Road Food Centre and Haig Road Market & Cooked Food Centre. There are cafes and restaurants in the neighbouring Mountbatten and Macpherson districts, as well as shopping centers close by, including Kallang Wave Mall and Paya Lebar Square.
Penrose condo is also “well-positioned” to draw on new growth areas, said a representative from Hong Leong. These include the Kallang River precinct and Kampong Bugis area. The former will see a rejuvenation of the waterfront with new cycling routes and pedestrian corridors.
Hong Leong Holdings’ head of sales and marketing Betsy Chng comments that the Penrose is “well-priced and within the affordability, if planned properly, of most Singaporeans planning to invest or simply to purchase a functional yet beautiful abode to reside in”.
The Penrose showflat located along Geylang Road, with vehicle access via Kallang Airport Drive.
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