Penrose Sims Villa

[tayez80]

The agents tell u this because they get more commission if they sell u treasure than grandeur park. Hehe

9/10 agent will tell u buy treasure, Florence. Hehe

14xx to 15xxpsf for grandeur park is overprice or Florence at 14xx-15xxpsf is overprice?
Not hard to Guess right?

Thanks. I went to view Gardens, Treasure and Tapestry. From my view, Treasure is really CMI. The only advantage is the cheap maintenance fee and nothing else.

 

[Polar Bear King]

Introduction
Type
Descriptions
Project Name Penrose (Sims Villa)
Developer Name Hong Leong & CDL
Location Sims Drive, Singapore
Tenure of Land 99 years lease
Expected Date of Completion (T.O.P.) 2024
Site area 16,225.2 sqm / 174,646.6 sqft
Total No. of Units est 560 units
Car Park Lots est 560 lots

why is it going to take 4 yrs to build geh?

 

[Passerboy]

I also interested to know. I m actually looking for nearly top project in the East. I m interested in grandeur park but a lot of agents are telling me it is overpriced and I totally not interested in the treasure at tampines

How much was the Grandeur Park units quoted? Made a check it was about 15xxpsf, if so don’t think it is overpriced given that it is beside Tanah Merah MRT, since other OCR projects further away from MRT are also gg at 14-15xxpsf, unless it’s quoted near 17xxpsf then yes, would agree it could be over priced.

Treasure Tamp lacks that grandeur for a condo.

 

[NiShiZhu]

How much was the Grandeur Park units quoted? Made a check it was about 15xxpsf, if so don’t think it is overpriced given that it is beside Tanah Merah MRT, since other OCR projects further away from MRT are also gg at 14-15xxpsf, unless it’s quoted near 17xxpsf then yes, would agree it could be over priced.

Treasure Tamp lacks that grandeur for a condo.

My colleagues also noticed the same phenomenon.
9/10 agents are so keen to recommend buyers for treasure, Florence.
In the end, two of my colleagues bought Parc esta and 1 bought tapestry

 

[Passerboy]

Introduction
Type
Descriptions
Project Name Penrose (Sims Villa)
Developer Name Hong Leong & CDL
Location Sims Drive, Singapore
Tenure of Land 99 years lease
Expected Date of Completion (T.O.P.) 2024
Site area 16,225.2 sqm / 174,646.6 sqft
Total No. of Units est 560 units
Car Park Lots est 560 lots

why is it going to take 4 yrs to build geh?

Oh! It has 1-1 car park, not sure if it would be a waste.

I saw that Sims Urban Oasis car park lots are grossly under utilized even with 80% car park ratio.

4 years seems a decent period, no? As it is likely to be completed even before 2024. Now HDB BTO are up to 6 years for TOP.

 

[NiShiZhu]

I also interested to know. I m actually looking for nearly top project in the East. I m interested in grandeur park but a lot of agents are telling me it is overpriced and I totally not interested in the treasure at tampines

Anyway grandeur park left only grounf floor 4 bedder and a fewv5 bedders. It’s already 98%/99% sold.
Nothing much left. TOP expected Q2-Q3 this year.

 

[tayez80]

How much was the Grandeur Park units quoted? Made a check it was about 15xxpsf, if so don’t think it is overpriced given that it is beside Tanah Merah MRT, since other OCR projects further away from MRT are also gg at 14-15xxpsf, unless it’s quoted near 17xxpsf then yes, would agree it could be over priced.

Treasure Tamp lacks that grandeur for a condo.

There isnt a lot of units put on sale that I m looking. The price was around 14XX-15XX but it a ground unit.

I totally agree that Treasures is really lack of the gimmick and technology that other condo is giving. Sim Lian really need to buck up.

 

[Passerboy]

There isnt a lot of units put on sale that I m looking. The price was around 14XX-15XX but it a ground unit.

I totally agree that Treasures is really lack of the gimmick and technology that other condo is giving. Sim Lian really need to buck up.

In my opinion, (lest those who say it’s bullish) 14xx-15xxpsf is pretty fair valued, given that recent transactions at Grandeur Park are all in that range of 14xx-15xxpsf. Take a look at Treasure Tamp transactions, there are also small to midsize units gg at 14xxpsf.

One is beside the MRT and more “grand” (no pun intended) if both were the same, don’t see why Grandeur is over valued.

 

[pruyeo]

Is the name of this condo just "Penrose"

So is the name really just "Penrose"? Sounds boring .. what does it mean anyway?

 

[kiatme]

How much was the Grandeur Park units quoted? Made a check it was about 15xxpsf, if so don’t think it is overpriced given that it is beside Tanah Merah MRT, since other OCR projects further away from MRT are also gg at 14-15xxpsf, unless it’s quoted near 17xxpsf then yes, would agree it could be over priced.

Treasure Tamp lacks that grandeur for a condo.

The 4/5 bedders in grandeur are 1.5k+ PSF...
Treasure 5 bedders are from 1.1k+ PSF...

A very huge difference haha..

If we take number of units sold, 1000+ in a year is already very good.. of course it pales in comparison if we talk about % sold.

1.5k PSF (close to 1.6 for grandeur) for this market is a very good entry price if you compare against the NE projects, but if you take the project across the street - urban vista as reference, launched in 2013 at 1.5k psf.. the prices now are at 1.2-1.3k psf.. it's already a very good indication that 1.5k psf is the limit for the area.

 

[NiShiZhu]

The 4/5 bedders in grandeur are 1.5k+ PSF...
Treasure 5 bedders are from 1.1k+ PSF...

A very huge difference haha..

If we take number of units sold, 1000+ in a year is already very good.. of course it pales in comparison if we talk about % sold.

1.5k PSF (close to 1.6 for grandeur) for this market is a very good entry price if you compare against the NE projects, but if you take the project across the street - urban vista as reference, launched in 2013 at 1.5k psf.. the prices now are at 1.2-1.3k psf.. it's already a very good indication that 1.5k psf is the limit for the area.

Urban vista may not be a good gauge since it mainly consist of loft units and launched in 2013. Most units there are making losses. Not many buyers love loft units where u need to climb the narrow steps up and down with your head almost touching the ceiling when accessing the bed. Most prefer a decent size bedroom instead.
A closer comparison will be the glades (TOP not too Long ago) which is transacting around 15xxpsf.
Treasure 4 bedder is transacting at 13xxpsf which is not too far compared to grandeur park 4 bedder (14xxpsf to 1500psf) but the location is definitely pale in comparison for treasure.

However I must admit treasure 5 bedder at 1.1xkpsf was Low, plus CEL recently increase price for grandeur park left over 5 bedder units since CEL can yaya papaya now as it’s already near 99% sold.
The starting price for grandeur park was 13xxpsf in 2017. But that was history.

 

[NiShiZhu]

U guys think penrose will launch at 1550psf to 1600psf is reasonable?

I dunno why for some reason, I keep thinking there’s a good chance penrose will launch at 14xxpsf.

If penrose end up launch close or more expensive than Parc Esta (initial launch 16xxpsf) , then imo, penrose not worth buying Liao.

 

[propertyinvestor40]

U guys think penrose will launch at 1550psf to 1600psf is reasonable?

I dunno why for some reason, I keep thinking there’s a good chance penrose will launch at 14xxpsf.

If penrose end up launch close or more expensive than Parc Esta (initial launch 16xxpsf) , then imo, penrose not worth buying Liao.

1400 I think unlikely. The SUO sims urban oasis beside already selling 1500-1700psf resale. But penrose which is at aljunied, is nearer to town; than parc esta at eunos lei

 

[NiShiZhu]

1400 I think unlikely. The SUO sims urban oasis beside already selling 1500-1700psf resale. But penrose which is at aljunied, is nearer to town; than parc esta at eunos lei

I do a site visit to both SUO and Parc Esta.
SUO more dead than Parc Esta in terms of amenities, food, and distance to mrt.
SUO is also surrounded by hdb and industries.

 

[holasingapura]

1400 I think unlikely. The SUO sims urban oasis beside already selling 1500-1700psf resale. But penrose which is at aljunied, is nearer to town; than parc esta at eunos lei ��

Thought new launch not linked to resales?

Only when new launch is cheaper than resale then become linked.

 

[Passerboy]

1400 I think unlikely. The SUO sims urban oasis beside already selling 1500-1700psf resale. But penrose which is at aljunied, is nearer to town; than parc esta at eunos lei

Parc Esta while in Eunos is a direct two min walk crossing one traffic light to Eunos MRT compared to Penrose where you need to cross at least two to three traffic lights to reach Aljunied MRT and a large part of it is unsheltered. SUO exit is also nearer to Aljunied MRT than Penrose is.

Think of the days where you would require to travel when it rains. The other reasons are highlighted by bro ni.

I personally doubt it would be 14xxpsf, given SUO had 26 positive resale transactions in the range of 15xxpsf up, would reckon starting at 15xxpsf. Avant residences, Tre Residences at Aljunied MRT are also going upwards of 15xxpsf.

 

[1993newbie]

PE got lotsa affordable makan places and near to parent’s fav Pasar Geylang Serai!

Walking distance to yearly Ramadhan Bazaar too! Sadly this year no bazaar

Parc Esta while in Eunos is a direct two min walk crossing one traffic light to Eunos MRT compared to Penrose where you need to cross at least two to three traffic lights to reach Aljunied MRT and a large part of it is unsheltered. SUO exit is also nearer to Aljunied MRT than Penrose is.

Think of the days where you would require to travel when it rains. The other reasons are highlighted by bro ni.

I personally doubt it would be 14xxpsf, given SUO had 26 positive resale transactions in the range of 15xxpsf up, would reckon starting at 15xxpsf.

 

[Passerboy]

PE got lotsa affordable makan places and near to parent’s fav Pasar Geylang Serai!

Walking distance to yearly Ramadhan Bazaar too! Sadly this year no bazaar

PE is also walking distance to PLQ!
So maybe, here you have it why it’s better

 

[aiyahwhatever]

Bump, someone told me the launch may be pushed back to May. Please share any insight if you have

 

[SethNg]

My agency's upcoming project timeline states that Penrose is marked to be launched in 2H 2020(which means earliest date should also be in July)

Do share if yall receive anymore updates! Anything before June seems unlikely tho because the proj sales team hasn't even been formed yet