Penrose Sims Villa

[Clazav]

Dunno, never see. But many predict it is going to be similar to SUO. For SUO, the block that is above the mscp comes with high ceiling. And have pool view too.

How you all know they gonna build mcsp and a pool on top of it???

Where’s the site plan

Anybody can provide link or pic

 

[Forever84]

For Penrose it’s slightly different, cos it’s beside PIE, that’s the MSCP acts as a buffer between the blocks and the road noise I guess. See those condos near MRT, they hve MSCP beside the real way track too.

I really really don't think MSCP makes much of a difference to be frank... Unless you face the MSCP lo, but you will get different kind of noise.

I remember last time The Infinti next to AYE also got people say the swimming pool and trees will absorb the sound

For people seriously considering for own stay, highly recommend u check out similar resale condos before making your decision. My parents used to stay next to AYE, if u cannot take noise u sure regret one, because unlike mrt, the sound is really 24/7.

 

[propertyinvestor40]

Only 500 units exclusive. Boasted with paya lebar, bidadari, kallang development. Capital appreciation chance higher. Surely sold out project this one.
Even 2200 units treasures and 1400 units Florence still moving sales.
With parc esta 90% sold. This will be the next RCR worth looking.
Location location location.

 

[Polar Bear King]

at that location,don't expect to sell well if psf>$1600

 

[daheigou999]

at that location,don't expect to sell well if psf>$1600

Yep the location is quite a turn-off.

Gotta price right otherwise it’s not going to move (<1.6k psf)

 

[daheigou999]

Only 500 units exclusive. Boasted with paya lebar, bidadari, kallang development. Capital appreciation chance higher. Surely sold out project this one.
Even 2200 units treasures and 1400 units Florence still moving sales.
With parc esta 90% sold. This will be the next RCR worth looking.
Location location location.

Ironically, it’s the location that’s bad...

 

[Passerboy]

Ironically, it’s the location that’s bad...

Jus curious, would u guys prefer this side of Aljunied that Penrose is at or the other side where the red light district is?

Reckon the location is not as ideal as Parc Esta or Park Place Residences but I thought its still pretty ideal where you are walking distance to Aljunied Mrt

 

[NiShiZhu]

Jus curious, would u guys prefer this side of Aljunied that Penrose is at or the other side where the red light district is?

Reckon the location is not as ideal as Parc Esta or Park Place Residences but I thought its still pretty ideal where you are walking distance to Aljunied Mrt

It’s rather subjective I Guess.
When talking about district 14, one needs to be very careful coz there are sites which are more desirable than others.

D14 I will avoid Geylang, UT site, SUO site and Antares site but I’m fine with Dakota, PE and PPR site. D14 is kinda tricky because there are some that’s near industrial area, expressway and could be quite ulu. You really need to drive around to have a better sensing

 

[Polar Bear King]

Jus curious, would u guys prefer this side of Aljunied that Penrose is at or the other side where the red light district is?

Reckon the location is not as ideal as Parc Esta or Park Place Residences but I thought its still pretty ideal where you are walking distance to Aljunied Mrt

walk how long? looks like 6-8mins to me

 

[1993newbie]

5mins for me. Sheltered across overhead bridge > along HDB block then cross the st to get to penrose. That’s the only unsheltered part.

walk how long? looks like 6-8mins to me

 

[Passerboy]

walk how long? looks like 6-8mins to me

6mins stroll for me (Starting from the end of SUO) inclusive of traffic light wait at the junction, but a large part is unsheltered.

 

[holasingapura]

Covid may be a blessing in disguise for Penrose. Conduct virtual showflat tours so buyers don't need to view actual site. Newbies looking at the map will think it is at a great location. Penrose should really launch asap while the market is still stable.

 

[sinequa88]

It’s rather subjective I Guess.
When talking about district 14, one needs to be very careful coz there are sites which are more desirable than others.

D14 I will avoid Geylang, UT site, SUO site and Antares site but I’m fine with Dakota, PE and PPR site. D14 is kinda tricky because there are some that’s near industrial area, expressway and could be quite ulu. You really need to drive around to have a better sensing

How about if you're driving? Does the argument that SUO/Penrose site being closer to city hold water? Just curious bro

 

[Passerboy]

It’s rather subjective I Guess.
When talking about district 14, one needs to be very careful coz there are sites which are more desirable than others.

D14 I will avoid Geylang, UT site, SUO site and Antares site but I’m fine with Dakota, PE and PPR site. D14 is kinda tricky because there are some that’s near industrial area, expressway and could be quite ulu. You really need to drive around to have a better sensing

Agreed, the most desirable should be PPR area, Dakota then PE. I personally feel the Penrose area is not bad either behind PE but would avoid the Urban Treasures area.

 

[sinequa88]

Since Penrose's GLS was acquired post CM in July 2018, the non-remittable 5% ABSD will most likely be passed on to the buyers right in the form of the launch price? Any idea how the higher ABSD 25% (vs previous 15%) might affect the real land cost?

I'm not sure about the 25% part given that it is remittable if the project sells out in 5 years - likely a non-issue given the interest generated.


Experts please opine

 

[sinequa88]

Received these from a few agents:

*PENROSE DEVELOPER UPDATES*
"In the meantime, we are not ready to disseminate any marketing collateral and while we understand your enthusiasm and appreciate the agents' "out-of-the-box" marketing tactics, please be reminded you are not to post any low ball pricing, perspectives of other developments and/or any materials that will compromise the image/branding/positioning we wish to create as a developer and for the development.

We take very serious view with regard to the above and will not hesitate to impose any penalty/punishment should such behavior/action arise.

Thank you for your cooperation and may we work together as a team to sell out Penrose!"

 

[Zetrio2006]

Since Penrose's GLS was acquired post CM in July 2018, the non-remittable 5% ABSD will most likely be passed on to the buyers right in the form of the launch price? Any idea how the higher ABSD 25% (vs previous 15%) might affect the real land cost?

I'm not sure about the 25% part given that it is remittable if the project sells out in 5 years - likely a non-issue given the interest generated.


Experts please opine

Developers don't have to pay the 25% ABSD upfront. They are only required to pay 25% ABSD if they cannot sell out all the units in 5 years.

Towards the end of 5 years, developers will usually sell remaining units to some angel investors to rent out.

 

[onlycleanerinvest]

How much would 1br or 2br cost?

Btw 1br t study is it worth it? I dont see the purpose of study rm when comes to rental n resale eventually

Hope i can snag a gd unit below 1millon

 

[Zetrio2006]

How much would 1br or 2br cost?

Btw 1br t study is it worth it? I dont see the purpose of study rm when comes to rental n resale eventually

Hope i can snag a gd unit below 1millon

The pricing is not out yet. Developers are CDL and Hong Leong holdings.

 

[Zetrio2006]

Penrose

PENROSE
A Sought-after RCR Development At D14, A New Regeneration District Closest To The City!

The much anticipated Sims Drive GLS Site bidded by renowned developers, Hong Leong Holdings' Intrepid Investments and City Developments Ltd

5 blocks of 18-storey development with
566 units on 174,648 sq ft of estimated land size.

Only 15 minutes drive to CBD and Orchard Road!

Good Schools Within 1km
Geylang Methodist Pri/Sec School &
Canossa Catholic Primary School

Unit Mix & Estimated Sizes
• 1-Bedroom (57 units) 474 - 517 sq ft
• 1-Bedroom (with Study) (2 units) 560 - 571 sq ft
• 2-Bedroom (69 units) 646 sq ft
• 2-Bedroom Premium (68 units) 700- 710 sq ft
• 2-Bedroom (with Study) (34 units) 797 - 807 sq ft
• 3-Bedroom (105 units) 936 - 980 sq ft
• 3-Bedroom Premium (123 units) 1044 - 1098 sq ft
• 3-Bedroom (with Study) (54 units) 1173 - 1184 sq ft
• 4-Bedroom (54 units) 1389 - 1399 sq ft

Park Place Residences has achieved 100% sellout at record prices and Parc Esta has already sold more than 1,100 units within 1 1/2 year of launch! Now Penrose offers you another not to be missed opportunity to enjoy preview prices at hot D14!