Penrose condo would be the magnificent new luxury development on Sims Drive at Singapore’s District 14, only a brief walk from the Aljunied MRT Station. The set of Hong Leong and CDL are creating the prime bit of property to beautify the Sims Urban Oasis, enabling residents to experience the finest in Singapore condominium living. Check out the official developer website at https://www.pen-rose.sg
The Penrose condominium growth sits on a property size of 174,646 square ft, which is constructed into many 17- or 18-storey cubes which can house a total of roughly 560 premium residential components.
The Penrose development finds itself at the heart of Aljunied, only a 400 meter walk into the Aljunied MRT Station and also with immediate access to the the Kallang-Paya Lebar Expressway along with the Pan Island Expressway.
This availability, together with its proximity to a number of Singapore’s finest shopping and entertainment centers, means that those residing in the Penrose condos may experience everything Singapore offers!
The Penrose condos are among the most expected condos in Singapore since they will unite world class layout that its programmers are famous for with an unbelievable site.
Developers CDL and Hong Leong will unveil the Penrose development with an assortment of amenities which range from Smart Home Technology into a magnificent outdoor pool. A five-star exercise centre, BBQ pits and relaxing outside gardens will provide a getaway for all residents, without needing to leave the home.
If they do leave the house, the positioning of Penrose means they are going to have everything right out of their door. In the thrilling hawkers markets of Geylang into Kinex Shopping Theater to Paya Lebar Square, you will find infinite opportunities to shop, dine and revel in life without needing to go far.
Shopping Centres Close Penrose
An additional advantage of purchasing a Penrose condominium is the Urban Redevelopment Authority of Singapore has just announced plans to reestablish the local Paya Lebar region. This usually means that more companies, restaurants and shops will be coming into the area.
Not merely do the URA’s strategies for Paya Lebar imply that citizens of Penrose is going to have brand-new urban center closeby, but it is going to certainly increase property values later on.
The Penrose Development is Linked
Only 400 meters from the Aljunied MRT Station, those residing in the Penrose condominium have immediate access into the East West Line. Additionally, at just one stop from the Paya Lebar Interchange, it’s very fast to achieve all sections of Singapore in the evolution.
Among the greatest selling points for your Penrose condominium is the easy accessibility that’s offers residents to Singapore’s important parkways. That makes it simpler and more convenient that ever to push in the town as rapidly as possible.
Penrose finds itself only a Brief drive in the Kallang-Paya Lebar Expressway and Pan Island Expressway, which makes the excursion into Singapore’s Central Business District simpler than ever for taxpayers.
Additionally, there are quite a few busses that run across Aljunied Road and during Geylang, ensuring the Penrose development offers access wherever you want to be.
Penrose Is Ideal for Families
There are numerous high quality colleges and educational institutions near to Penrose, which makes it perfect for households in the region. Having a high degree of instruction from distinguished facilities, parents at the area may be assured they have an abundance of alternatives to select from for their kids.
Colleges Close to Penrose comprise:
Additionally, there are a range of community centers and sports-related actions for both kids and adults near the Penrose condominium development.
Penrose within an Investment Real Estate
The Penrose condo growth provides intriguing investment chances, since the job being a’fringe city’ property implies it may be obtained at a fair price, yet still require solid lease returns.
Since the Penrose development provides both MRT and forcing access to the CBD, it’s an appealing place to live for people who don’t need to devote the large lease on a unit within town. This means that owners of Penrose can be given a sizable monthly yield of rental income like the buy price.
What’s more, the strategies to change District 14 to a company and industrial heart means that there’ll be a rental requirement for people working in the area in the next few years. As more businesses move within Paya Lebar, the worthiness Penrose properties and also the rental income should grow steadily.
Projected Rental Prices for Penrose
Depending on the current market lease prices of the similar Sims Urban Oasis growth, those purchasing a unit at the Penrose condo may anticipate monthly rental prices of interest:
These rental prices and the projected increase in value of these Penrose condominium components as Paya Lebar is revitalized by Singapore’s Urban Redevelopment Association creates the job an interesting investment opportunity.
Know more about buying a Penrose condominium unit as an investment by simply calling us today!
CDL and Hong Leong haven’t yet published the Penrose floor programs. On the other hand, the first exemptions to the growth indicate that there’ll be various residential units which appeal to everyone from professionals to bigger families.
Together with 560 residential units expected in the Penrose condominium growth, potential buyers can expect the following Kinds of units in Penrose:
If you’d like to get the newest updates on the Penrose floor programs, then please get in touch with us now to stay informed.
Penrose Unit Costs
Depending on the cost of the property at $732 per square foot, we estimate that the purchase price of Penrose condominium units will be roughly $1400 per square foot.
The programmers of Penrose haven’t yet published the unit prices, but in the event that you Contact Us Today then our property specialists will offer you the information currently available concerning these components.
1 half of this Penrose growth group, City Development Limited is a pioneer in global property growth. With over 100 worldwide locations in 28 nations, CDL has become among the biggest companies by market capitalisation, since it’s been recorded on the Singapore Exchange.
With more than 50 decades of successfully delivering top real estate jobs in Singapore and beyond, CDL’s name is synonymous with prestige. This usually means that both citizens and investors in Penrose understand they are getting only the more lavish, higher excellent growth in Singapore if they purchase their unit.
With many highly recognized residential systems in Singapore such as the Trellis Towers, Volari, as well as also The Solitaire, CDL will deliver its expertise and high standards to the growth of Penrose.
About Hong Leong
The next portion of this Penrose development group will be Hong Leong Holdings Limited, a development company which has established itself as an authority in Singapore property.
Having a diversified portfolio which includes numerous properties in the Central Core Region along with the Outdoor Core Central Region, Hong Leong Holdings has developed over 100 residential properties since its beginning in 1968. Using a hit expanding throughout Asia and to Europe and North America, the business has become valued at over $40 billion.
Their past successful residential buildings comprise the famous One Balmoral, Commonwealth Towers, Meyerise and much more. 1 big part of Hong Leong Holdings’ achievement is they go beyond just developing residential jobs.
Hong Leong’s penchant for societal growth and incorporating smart technologies in their projects will surely help differentiate Penrose as one of Singapore’s most dynamic and innovative luxury condos.
If you’re interested in knowing more about the Penrose condos, then please contact us now for your free property consultation.
We can offer you more comprehensive advice, including the purchase price of all Penrose condo components, all of the amenities which are contained and start to prepare purchasing arrangements for your benefit.