Developer: CDL & Hong Leong
Type: Residential Highrise
Total Units: 566
Exp Top: Oct 2025
Address: 20 - 30 Sims Dr
Location: D14 - Eunos / Geylang / Paya Lebar
Country: Singapore
Tenure: 99 Years
DESCRIPTION
Proposed residential flat development comprising of 5 blocks of 18-storey residential flats and child care centre with 4-storey multi-storey carpark, 1 basement carpark, swimming pool and communal facilities MK 24 on Lot 11029X Sims Drive (Geylang Planning Area)
Unit Mix
Bedroom Type Approx. Size
1 BR - 474sf - 517sf
1 BR (With Study)- 560sf - 571sf
2 BR - 646sf
2 BR Premium - 700sf - 710sf
2 BR (With Study)- 797sf - 807sf
3 BR - 936sf - 980sf
3 BR Premium - 1,044sf - 1,098sf
3 BR (With Study) - 1,173sf - 1,184sf
4 BR - 1,389sf - 1,399sf
The site attracted 5 bids with the bid from two partners City Developments (CDL) and Intrepid Investments of Hong Leong Group Singapore topping at S$383.5 million which reflects S$732 psf ppr. The two companies agreed to develop the residential condominium with a 60:40 ownership ratio.
A bid from GuocoLand came second at $655 psf ppr falling 12% below the top bid. Penrose site covers 174,648 sq ft and anticipated to house about 565 residential units. The building will comprise of 17 or 18-storey buildings.
Hong Leong Group spokesman commenting on the site noted that among the impressive attributes of Penrose site is the excellent connectivity. The neighbourhood is connected to other parts of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway. The CBD and the famous Orchard Road Shopping Belt are also about 15 mins drive from Penrose. Paya Lebar Central and Paya Lebar MRT Interchange station is just one stop away from Aljunied Train Station running on the East-West Line.
Amenities are also reachable from Penrose with prominent schools located within walking distance. Some of the schools around include Canossa Catholic Primary School and Geylang Methodist School. Such proximity to educational institutions makes the location suitable for family living.
Other amenities such as restaurants and shopping malls are also within the vicinity allowing residents to enjoy the utmost convenience when accessing various necessities.
PENROSE SIMS DRIVE – PROXIMITY TO TOP RANKING SCHOOLS
District 14 is reputable in terms of the provision of quality education. It features several prestigious schools that provide quality education. The schools are the right place to take your kids because they perform well in academics as well as in co-curricular activities. Penrose makes a perfect choice for families with school-going kids. It is close to established schools ranging from nursery to tertiary institutions.
Here are some of the appealing schools that you can send your kids to attend within the vicinity.
Geylang Methodist School
Canossa Convent Primary School
Kong Hwa School
Macpherson Primary & Secondary School
Cedar Girls’ Secondary School
Broadrick Secondary School
Cedar Primary School
Penrose condominium residents with young kids will also benefit from the nearby preschool and kindergarten that provide education to their young ones. Some of the nearby schools include PCF Macpherson Blk, PCF Kolam Ayer Blk, Chen Li Kindergarten, PCF Jalan Besar Blk, Geylang Chinese Methodist Kindergarten and more. Canadian International School and James Cook University, and Singapore Management University are also within a few minutes drive from Penrose.
Based on the purchase price of the land at $732 per square foot, we estimate that the price of Penrose condo units will be approximately $1400 per square foot.
We are launching soon in Sep 2020. Message me for more latest informations. From 12 Sep 2020, book for viewing showflat!
