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Wed, Sep 09, 2020 – 10:40 am
A 99-YEAR lease condo jointly developed by Hong Leong Holdings and City Developments Limited will begin previews by appointment starting Sept. 12, Hong Leong Group said in a statement Wednesday.
Advance prices for the Penrose condo, which is located on Sims Drive in District 14, start at S $ 788,000 for one-bedroom units, S $ 943,000 for those with two bedrooms, S $ 1.33 million for three bedrooms, and S $ 2.11 million for four bedrooms.
The development consists of five 18-story towers that house 566 units. One-bedroom unit sizes start at 474 square feet (square feet), 646 square feet for two-bedroom units, 936 square feet for three-bedroom units, and 1,389 square feet for four-bedroom units.
The temporary occupancy permit is expected to be obtained in July 2024, Hong Leong Group said.
Facilities at the Penrose condo include a childcare center, 50-meter pool, wellness gardens, a rooftop garden with unobstructed views, as well as a pavilion for social gatherings and a treehouse pavilion.
The development is a 15-minute drive from the Central Business District and Orchard Road, and a six-minute walk from the Aljunied MRT Station. The neighborhood is also connected to other parts of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway.
Geylang Methodist School and Canossa Catholic Elementary School are a five- and 15-minute walk away respectively.
Nearby hawker centers include Sims Vista Market & Food Center, Haig Road Market & Cooked Food Center, and Old Airport Road Food Center. There are cafes and restaurants in the neighboring Katong and Joo Chiat districts, as well as nearby shopping centers, such as Paya Lebar Quarter and Kallang Wave Mall.
The Penrose condo is also “well positioned” to take advantage of new growth areas, Hong Leong Group said. These include Kampong Bugis and the Kallang River Precinct. The latter will see a rejuvenation of the boardwalk with new footbridges and cycle routes.
Hong Leong Holdings’ director of sales and marketing Betsy Chng said the project “is well priced and affordable for most Singaporeans looking to invest or just buy a beautiful, functional home to stay in.”
The Penrose Condo Sales Gallery is located along Geylang Road, with vehicular access via Kallang Airport Drive.
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