Do you know properties situated in Aljunied are in high demand due to its city-fringe location? Penrose sits on a vast plot of en-bloc HDBs at Sims Drive which commands a panoramic view of the estate’s skyline. Penrose is a collaboration by reputable Developers Hong Leong Holdings & City Developments Ltd (CDL).
Their awarding winning projects include South Beach Residences, St Regis Residences, The Residences At W, Piermont Grand Executive Condominium, The Avenir, The Jovell & Midwood. CDL is also one of the top Developers under URA’s Construction Quality Assessment System (CONQUAS) Scheme to ensure quality housing to home buyers.
Despite having a vast land size of 174,648sqft, Penrose will only house 560 residential units within the project with the remaining area, green space for the enjoyment of the residents. To further enhance the quality of living within Penrose, a 30m buffer zone filled with greenery is designated to reduce the noise impact from the traffic. Majority of the units will have north-south facing to enhance the ventilation within the project.
Next door, Sims Urban Oasis by Guocoland have sold all 1024 residential units at an average S$1589psf to as high as S$1722psf. The healthy sales hint at the pent up demand for residential properties in the estate. Unlike Penrose’s location at Sims Drive, most of the private residential projects are either around Geylang vicinity or nearer to Paya Lebar. Henceforth, Penrose address and locality command a higher demand in the precinct.
Connectivity to Pan-Island Expressway (PIE) & Kallang-Paya Lebar Expressway (KPE) is a short drive away. Aljunied MRT Station is a short 450m (6 minutes) walk away. From there, it is only four stations to Central Business District (CBD) and one station to Paya Lebar Regional Centre – another contributing factor to the demand of projects in the area.
Daily necessities and dining options are aplenty around Penrose. From the Sims Vista Market & Food Centre, famous local delicacies along the street to malls like Paya Lebar Square, Singpost Centre, Kinex, Kallang Wave Mall to the latest PLQ Mall! Ditching the car at home and opting for public transportation is a breeze as amenities are just minutes walk or a station away.
Sims Drive is also home to James Cook University and soon Nexus International School. The presence of two International varsities attract scores of families and students looking to stay near for the convenience. Moreover, a short distance away from Penrose are Geylang Methodist School, Kong Hwa School, MacPherson Primary & Canossa Convent Primary. Penrose makes a valuable investment both for savvy investors or families looking for a city-fringe home by reputable developers.