PENROSE CONDO AT SIMS DRIVE BY HONG LEONG AND CDL. LAUNCHING SOON. 1 STATION AWAY FROM PAYA LEBAR COMMERCIAL HUB
400 m to Aljunied MRT station
3 malls nearby at Paya Lebar Commercial Hub
Renowned developer Hong Leong and CDL
5-10 mins to Kallang Sports Hub
Nearby schools such as Geylang Methodist Primary, Canossa Convent Primary among others
4 MRT stops to City Hall station
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Appointment for Showflat Visit/ Starbuy List ☎ (+65)9027 2297
02/01/2020: Penrose Condo (Sims Villa) at Sims Drive minutes walk to Aljunied MRT by Hong Leong and CDL Launching Soon. Register your interest and Latest Updates!! Pending Approval for Sale
29/03/2019: 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. The 99-year leasehold site has an area of 174,648 sq ft and could be developed into a new residential project of 570 units
Penrose is a New Residential Development situated along Sims Drive, District 14 close to Sims Urban Oasis and is part of Singapore Urban Master Plan; Geylang. The closest MRT is Aljunied MRT which is approximately 400 m away. It is only 1 station from Paya Lebar Interchange which links with the Circle Line MRT Interchange. In recent years, Paya Lebar has transformed into a Commercial Hub with Paya Lebar Quarter fronting the transformation which comprise of a retail complex with 200 shops, three Grade-A office towers with a total of about one million sq ft and three residential towers with 429 units.
Penrose Condo is close to the Kallang-Paya Lebar Expressway and the Pan Island Expressway, which is just a short 15-minute drive to the Central Business District and Orchard Road Shopping Belt. The 99-year leasehold site has an area of 174,648 sq ft and could potentially be developed into several 17- or 18-storey blocks comprising about 560 units.
PENROSE CONDO PROJECT INFORMATION
|Location||Sims Drive, Singapore|
|Developer||JV Hong Leong and CDL|
|Site Area||16,225.2 sqm / 174,646.6 sqft|
|Total No. of Units||560 Residential Units (estimated)|
|Total No. of Carparks||TBA|
|Expected TOP Date||TBA|
ABOUT THE DEVELOPER
Hong Leong Holdings Limited (HLHL) was established in 1968 as the privately-held property development and investment arm of the Hong Leong Group. As one of the pioneers of the real estate scene in Singapore, HLHL has since emerged as a major player in the property market, making it one of the most sought-after providers of a comfortable home. To date, it manages 8 commercial projects and has developed close to 100 residential properties, including a range of mid to high-end residential projects in some of the country’s most coveted neighbourhoods. Looking forward, HLHL continues to seek improvement and expansion in its business while maintaining its distinct level in design, sustainability and customer service.
The Hong Leong Group is one of Singapore’s largest local private sector conglomerates engaged in a wide range of businesses in the Asia-Pacific, Europe and North America. The Group’s five core businesses are property investment and development, hotel ownership and management, financial services, trade & industry and e-Business.
The Hong Leong Group has a proud record of continuity and stability since its founding in Singapore by Kwek Hong Png in 1941. Today the second generation of Kweks is at the helm, headed by Kwek Leng Beng. It’s a team of star strikers with its sights firmly set on defined goals. To achieve its new vision the Group is now armed with the tools of today’s Information Technology age and a forward-looking, international mindset, in tune with the new millennium.
City Developments Limited (CDL) is a Singapore-listed international real estate operating company with a global presence spanning 97 locations in 26 countries. As one of Singapore’s largest companies by market capitalisation, its income-stable and geographically-diversified portfolio comprises residences, offices, hotels, serviced apartments, integrated developments and shopping malls, totalling over 18 million square feet of floor area globally.
CDL has hotel assets in one of the world’s largest hotel groups – its London-listed subsidiary, Millennium & Copthorne Hotels plc (M&C), has over 130 hotels globally, many in key gateway cities. Globally, CDL has developed over 40,000 homes and is one of Singapore’s largest commercial landlords, with one of the biggest landbanks amongst Singapore private-sector developers.
Building on its track record of over 50 years in real estate development, investment and management, CDL has developed growth platforms in five key international markets – UK, US, China, Japan and Australia. The Company is also leveraging its stable of prime assets and growing its real estate funds management business. It currently has over $3.5 billion in funds under management.
PENROSE CONDO LOCATION MAP
Penrose Condo is situated along Sims Drive, District 14 close to Sims Urban Oasis and is part of Singapore Urban Master Plan; Geylang and is within Rest of Core Region (RCR). The closest MRT is Aljunied MRT which is approximately 400 m away. It is only 1 station from Paya Lebar Interchange which links with the Circle Line MRT Interchange.
It is also close to the Kallang-Paya Lebar Expressway and the Pan Island Expressway, a short 15-minute drive to the Central Business District, Orchard Road Shopping Belt and Changi Airport. In recent years, Paya Lebar has transformed into a Commercial Hub with Paya Lebar Quarter fronting the transformation which comprise of a retail complex with 200 shops, three Grade-A office towers with a total of about one million sq ft and three residential towers with 429 units.
PENROSE SITE PLAN/FLOOR PLAN
PRICE GUIDE / SALES PACKAGE
LATEST PRICE GUIDE
Based on the land price of $732 psf per plot ratio, the estimated launch price ~$1,500 psf (indicative only)
Please Contact Us at (+65)90272297. It is important to only engage the Official Direct Developer Sales Team to assist you. There are several complex procedures and key factors to consider before committing to purchase a unit. Rest assured that all our representatives are certified, well-trained and committed to deliver. By engaging the Official Direct Developer Sales Team, you will also enjoy the best possible direct developer price. There is no commission required to be paid.
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Penrose Condo along Sims Drive by Hong Leong and CDL