Penrose Condo at Sims Drive By CDL & Hong Leong

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Review on  CDL and Hong Leong Emerged As The Developer of Penrose condo

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The tender for Penrose site situated at Sims Drive has closed. 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.

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District 14 has to be at the top of your list when choosing your next home in Singapore. The area is strategically situated, enabling residents to enjoy unmatched convenient accessing the nearby amenities. Due to the area’s strategic location, the demand for properties is high, which makes it an excellent place for investment. When living in this neighbourhood prime location, there are lots of cool things around that you’ll enjoy. It gives you a chance to lead a more comfortable lifestyle and in an incredible living space.

Name anything you might need when living here, and it’s just right at the corner from schools to shopping malls. Besides, the area is food heaven, and you can find any food from yummy durians to delicious dim sum. Connectivity is also enhanced thanks to its advanced network of road transport and MRT lines. The laid-back and unique charm that this part of Singapore offers is among the reason everyone wants to make this area their home.

If you are looking forward to purchasing condos around Sims Drive, then here are some of the benefits you will enjoy.

Distance From Penrose To Paya Lebar MRT station only 20 mins healthy walk!

Penrose Condo – Strategic Location

Penrose is strategically located in a residential enclave that enjoys proximity to unlimited facilities and amenities. Although it sits close to the city, residents won’t need to cover long distances to satisfy their needs since amenities are near their homes. The excellent location of the neighbourhood is one of the reasons entrepreneurs and various businesses are moving into the neighbourhood setting up fitness centers, restaurants and more in a bid to tap the increasing number of foreigners and Singaporeans in the area.

Residents of Penrose are guaranteed quick access to many amenities and facilities situated within the neighbourhood. One KM and the New Sports Hub are some of the nearby favourite malls. With many options to choose from residents can take their kids to their desired schools such as Geylang Methodist Primary & Secondary Schools which are just 3 mins drive away. Your food options are unlimited with popular hawker markets like Sims Vista Market & Food Centre right at the corner.

Besides, getting anywhere from your home is made easy due to the excellent connectivity. Penrose is situated just a few minutes walk from the Aljunied Train Station. This means that residents can head down to the nearby leisure centres minimizing time spent between commutes.

Penrose Aljunied – Excellent Connectivity

The upcoming Penrose condo is just 7 mins walk from Aljunied MRT that runs the East-West line. Sims Drive residents are one train station away from Paya Lebar Interchange that enables them to access the Circle Line easily.

With excellent connectivity, residents can easily access everything they might need quickly. Since most of the amenities are within the neighbourhood, residents will enjoy unmatched convenience. Residents of Penrose are also well connected with the multitude of bus services available right next to their door.

Apart from the nearby roads such as Sims Drive Road, Aljunied Road, and Sims Avenue, the area is also well connected with an expressway. Pan Island Expressway provides the residents with a quick travelling option to other parts of the island.

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.

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.

Penrose CDL Hong Leong – Proximity to Shopping Malls

Unknown to many District 14 is a hidden treasure for shopping lovers. It is packed with fantastic shopping spots that houses a plethora of businesses offering various goods and services. Living in Penrose residences brings you close to several shopping options that provide you pretty much everything you may ever need. With plenty of malls around you, you will quickly forget the large commercial centres found in Marina or Orchard Road. Besides, most of the malls are situated close to your home, which means you will have an easy time accessing them.

Some of the shopping destinations you can head to for all your itinerary include:

New Sports Hub Mall 

A 7 mins drive from Penrose will get you to Singapore Sports Hub. The sports hub is a fully integrated lifestyle, entertainment and sports hub. It is the perfect destination that enables you to enjoy sports events as well as shopping and dining.

It features a National Stadium with a capacity of 55,000 seats. The stadium has a retractable roof and features a museum, library, aquatic centre and commercial retail space.

Also featured in the sports hub is Kallang Wave Mall. The mall offers a perfect blend of beverage and food outlets that add to the options available at Leisure Park Kallang. Kallang Wave Mall occupies 41,000 sq m of the mall and has over 30 food establishments. It also features popular retail brands like Uniqlo and H&M. It is a perfect place to visit for all your shopping needs. If you like wandering around malls, then you will find this mall interesting has there are lots of things to see that you’ll enjoy.

KINEX Mall (One KM) 

Situated only 6 mins drive away from Penrose is many shoppers favourite shopping destination, KINEX mall. The former One KM mall now oozes community vibes that includes several eateries, and shopping stores. It is the place you want to visit for unlimited fun with a touch of a vibrant lifestyle.

City Plaza 

City Plaza is another nearby shopping alternative to Penrose residents. The mall featuring 5 floors was completed in 1972. Due to its old age, many people tend to overlook what is offered here. But the mall is a shopping heaven that every shopaholic will be impressed with.

The mall has many shops offering you anything from fashion, electronics, toys, accessories, books, mobile phones, jewellery, to beauty services. It features many wholesale fashions stalls that offer many ladies’ clothes from dresses to tops to shoes and handbags. Besides, the mall has a whole floor dedicated to fast food chains and restaurants. They offer delicious foods that will suit everyone in the family.

Other nearby shopping malls include Tanjong Katong Complex and Joo Chiat Complex. The area also features several supermarkets that include Sheng Siong 301 Geylang, FairPrice 114 Aljunied Avenue 2, and Giant 11 Upper Boon Keng. The availability of several shopping destinations leaves you with many shopping alternatives. It also means that you’ll hardly miss anything right next to your home.