Penrose Sims Villa

[sgpropertyblog]

Huttons is mixed though some I saw is 16xxpsf, 13xxpsf I straight away put cheque but I want agent black and white that he top up the diff of the quantum if the lowest psf aint 13xxpsf haha.

The last I know CDL ain’t a charity organisation.

Yea man.. if 13xx psf, I also wana buy from him/ her..then I subsale at 16xx . all developers are the same, they need to answer to their shareholders.. so chances are they wont be selling at their breakeven price without any profit.. if its CCR, then maybe different story, but RCR/OCR, prices are still holding well for now..

 

[holasingapura]

Yea man.. if 13xx psf, I also wana buy from him/ her..then I subsale at 16xx . all developers are the same, they need to answer to their shareholders.. so chances are they wont be selling at their breakeven price without any profit.. if its CCR, then maybe different story, but RCR/OCR, prices are still holding well for now..

I can see many rich sinkie purchasing from you right away based on these simple statements you make. Huat to developers, and you.

 

[sgpropertyblog]

I can see many rich sinkie purchasing from you right away based on these simple statements you make. Huat to developers, and you.

really?? but dun have leh.. all go to huttons agents lioa… none looked for me

 

[Passerboy]

really?? but dun have leh.. all go to huttons agents lioa… none looked for me

LOL from a third person perspective if I am clueless about the market I also go to Huttons, only to find out I am cheated I totally don’t buy. Haha. True story bro, once upon a time someone marketed Jadescape at 14xx psf when it didn’t come true I didn’t buy Jadescape at all, walk out at ballot

 

[drkcynic]

My guess:

- Neighbourhood surrounded by old HDBs (Boon Keng & Geylang Bahru), but this will likely improve with the new upcoming BTOs
- High density development that is poorly maintained, even though it is just 4 years old
- Ramesh

It actually have a good mix of CECAs, angmos, young locals and locals. They have strata landed in there mostly locals staying.

But other than that looks like a development mostly for rental.

 

[sgpropertyblog]

LOL from a third person perspective if I am clueless about the market I also go to Huttons, only to find out I am cheated I totally don’t buy. Haha. True story bro, once upon a time someone marketed Jadescape at 14xx psf when it didn’t come true I didn’t buy Jadescape at all, walk out at ballot

that's their gimmick lor.. try to lure buyers with low unrealistic pricing.. then ended up buyers disappointed, they themselves oso disappointed.. what for rite?work so hard but yet at the end of the day, no returns.. so its totally not Propnex style to do that.. it will also tarnish our reputation cos im pretty sure the buyers will go n tell everyone that this agent from PN canot make it wan, give you all the wrong estimate pricing bla bla bla..

 

[Ohw123]

that's their gimmick lor.. try to lure buyers with low unrealistic pricing.. then ended up buyers disappointed, they themselves oso disappointed.. what for rite?work so hard but yet at the end of the day, no returns.. so its totally not Propnex style to do that.. it will also tarnish our reputation cos im pretty sure the buyers will go n tell everyone that this agent from PN canot make it wan, give you all the wrong estimate pricing bla bla bla..

Which agency you under? Propnex?

 

[Passerboy]

Haha ok I think we need to steer back to discussions on Penrose.

Any more guesses on the indicative price and launch date. Kind of waiting for it!

 

[sgpropertyblog]

Which agency you under? Propnex?

yes correct..

 

[sgpropertyblog]

Haha ok I think we need to steer back to discussions on Penrose.

Any more guesses on the indicative price and launch date. Kind of waiting for it!

high chance would be after Chinese 7th month.. ie mid sept

 

[Polar Bear King]

high chance would be after Chinese 7th month.. ie mid sept

19/8 is lunar 7th month day 1
17/9 is lunar 8th month day 1
can see on iphone calendar

 

[Okuhida]

That is the sole reason I don’t uds too, and that’s why I agree w u eight riversuites is a good buy. It’s the same why would Penrose launch 16xxpsf if resale Sims Urban Oasis is already at 16xxpsf. New vs Resale there should be a price premium.

But Sims Urban Oasis having just obtained its TOP in recent years should be as good as new gets in the resale market. With your logic Penrose would fall into the inferior resale category shortly after its TOP. If it launches at 18XX psf today, who will buy them at 20XX psf from the first buyers when next door SUO is selling at 16XX psf? Both are resale at that point.

 

[Okuhida]

For an example, look at Lakeville vs Lake Grande in the west. I believe they are similarly 2 to 3 years apart like Penrose and SUO. Lakeville is now selling at 13XX to 14XX psf, which is approximately the launch price of Lake Grande next door. Lake Grande first buyers are now asking for at least 16XX psf to cover their higher purchase price from the developer, and has sold a grand total of zero resale units.

 

[Passerboy]

https://stackedhomes.com/editorial/top-10-districts-property-appreciation/#gs.dlnxjy

Sharing this, top 10 districts that had seen the highest appreciation over the last ten years. D14 where Penrose is under ranks third on list.

 

[1993newbie]

Yes, you’re right. This year Lakeville has transacted 6 units in the resale market, transacting 13xx-15xxpsf.

Lake Grande has only 1 subsale transacted till date. Back in 2018, a 2 bedder subsale sold before 4 years SSD over. Quick search on Prop guru, 44 listing asking from $15xx-$19xxpsf. 2018-now, 0 resale/subsale.

For an example, look at Lakeville vs Lake Grande in the west. I believe they are similarly 2 to 3 years apart like Penrose and SUO. Lakeville is now selling at 13XX to 14XX psf, which is approximately the launch price of Lake Grande next door. Lake Grande first buyers are now asking for at least 16XX psf to cover their higher purchase price from the developer, and has sold a grand total of zero resale units.

 

[1993newbie]

Eh, I saw my district!

https://stackedhomes.com/editorial/top-10-districts-property-appreciation/#gs.dlnxjy

Sharing this, top 10 districts that had seen the highest appreciation over the last ten years. D14 where Penrose is under ranks third on list.

 

[propertyinvestor40]

Wa D14 is top 3 in the rise of private property value.
I got mention before this area is really good opportunity.
Kallang development, geylang rezoning, paya lebar quarter plq, eunos parc esta 1400 units 98% sold,
Bidadari+woodleigh combo, Bugis transformation all leads to this.
Rental yield also good good with nexus international school opening, James cook international school expanding at aljunied.
500 units of “Penrose“ 5 min walking distance to aljunied mrt. This launch confirm the most anticipated as 1400 units at parc esta(eunos) is going 98% sold.
Resale at Sims Urban Oasis already going 1600 psf.
D14 good good. My guess is opening 1700 psf for penrose.

 

[1993newbie]

D14, 1 bedder past 6 months rental caveats.
Park Place Residences:
1 bed > 2400-3000

Tre Residences:
1 bed > 2200-2450

Sims Urban Oasis:
1 bed > 1800-2500

 

[SethNg]

Penrose floor Plans

 

[SethNg]

Penrose floor Plans