Past Track Record Of Capital Appreciation After New Amenities And Residences Added
There is one neighbouring residential land to Penrose that is earmarked for development in the future, and also a new commercial development next to Aljunied MRT about the size of Paya Lebar Quarter coming up.
Looking at how current condominiums at the nearby estate of Paya Lebar has appreciated at 50% and more because Paya Lebar Quarter, a commercial mall, and the Park Place Residences were introduced and completed, there is high possibility of a repeat occurrence of similar capital appreciation to Penrose when the new mall and new condo is ready at Aljunied. This is good news for residents of Penrose condo.
Major Transformation At Kallang To Complete in 2025
Taking reference on how property prices has risen at a similar nearby water basin and park, the Marina Bay area, after it has gone through a transformation from a kite-flying BBQ spot to the vibrant leisure and shopping district it is today, we can conclude that once Kallang has completed a similar transformation, it will experience similar property price increases as the area becomes more desirable.
Large Potential Pool Of Buyers From HDB Upgraders Nearby
HDB owners who bought their BTO flats at nearby locations like Pine Vista, Pine Green and Dakota Breeze will be fulfilling their MOP from 2025 onwards, which is around the time Penrose is scheduled to TOP and have a physical unit for buyers to move in immediately. The recent HDB 4-room and 5-room flats at Dakota Cluster have transacted between $53x,000 to $86x,000, giving these HDB sellers a substantial pool of cash after the sale to upgrade to a private residential home in the same area.
With these 3 key factors supporting the capital appreciation and demand for Penrose, I will recommend this development for families looking for a home near the city, which has the flexibility of turning it into an investment in the middle to long term (either through a sale and take profit, or to rent to students from the 2 private schools nearby or to working professionals from the Macpherson area).
It is because of these factors, that Penrose has sold more than 60% of all its units is just the first 3 days of its opening week! Are you curious to see for yourself why the Penrose is so popular? Make An Appointment to see the showflat today!
Prudence has been staying in the Aljunied / Paya Lebar area since her childhood, when the only mall in the area was Singpost with its limited shops. She knows the Aljunied area well having hang out there during her schooling years and has seen the great transformation that has taken place there over the years.
Book An Appointment to view Penrose ShowFlat & get Direct Developer Price, & Hardcopy E-Brochure. Guaranteed with Best Price Possible.
Fill up the form on the right and get a copy of Penrose Price, E-Brochure, and Latest Updates!
Strictly no spam policy.