Penrose condo will be developed by the well-known property developer, NovaSims Development Pte Ltd (a joint venture between Hong Leong Holdings Limited and City Developments Limited). With a strong track record in the residential property market in Singapore, they are committed to building good quality homes with meticulous attention to details. They won the bid for the land on 5 April 2019, and it works out to about S$1,264 per square foot per plot ratio (estimated breakeven).
Penrose is a 99 years leasehold development, and the lease started on 3 July 2019. The expected date of vacant possession, on paper, will be on 01 October 2025. It was launched in Sep 2020, selling price starting from $7xxk onwards.
In terms of the unit mix, Penrose is a beautiful development comprised of 566 exquisite residential units (1- to 4-bedroom) across five blocks of 18 storeys high-rise development. It also comes with one childcare centre. The unit sizes range from 474 sqft for a one-bedroom unit to 1,399 sqft for a four-bedroom unit.
The best way to find out more about this development, to familiarise yourselves with the actual condo location, is to arrange a showroom viewing with us. The unique selling points, any upside potential, competitor market analysis, key features, finishes and floor plan layouts will be highlighted and presented to you for your consideration.