Best reason why Penrose Condo is a good investment !
Best reason why Penrose Condo is a good investment !
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Penrose Condo developers collectively submit a high bid for its 174,648 sq feet of prime property that’s situated in the city fringe in the core of Aljunied and Geylang. The best bid for the property has been quantified in $732 psf per plot ratio and it’s projected that a residential job of 570 units could be assembled around the plot of property. The growth enjoys close proximity to major transport routes including Aljunied MRT Station in addition to Kallang-Paya Lebar Expressway along with the Pan Island Expressway for owners that are carrying their own automobiles. The growth combines the ease of being situated near to the city and the rates aren’t that high in comparison with center city center developments.
The 99 Years leasehold advancement on the 174,648 sqft land dimension is going to be developed to a prime city fringe development that include 570 units with a few 17 or even 18 storeys which will contains of 560 units of prime city fringe residential units which can be situated close to Aljunied MRT Station. Considering the land was procured at $732 psf ppr, it’s projected that the sale price for Penrose will probably be approximately $1,400 psf that is quite low for a town fringe development.
Penrose condo showflat drops under the new judgment by URA that dictates the normal size of this development to be approximately 85 sqm, meaning the components will be larger and more comfortable for particular stay. With more programs today to change Paya Lebar to a residential and transportation hub, Penrose place presents an perfect opportunity to get a town fringe advancement at mass condo rates.
Penrose Sims Drive has complete and special amenities, which comprises a shield house, clubhouse, work space, indoor fitness center, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s park. The condominium’s facilities offer complete family entertainment needs for the loved ones and nearest and dearest. Indulge in a calm and tranquil lifestyle directly at the heart of Geylang.
Penrose condominium sits on a prime parcel of property that situated near to many recognized schools with great records. These colleges have been long established and have a great records with lots of the preceding students too. Additionally, with the sale cost of Parc Esta in addition to other nearby developments that’s currently selling at $1,600psf, the sale price if at $1,4xx psf located closer to the city in contrast to other improvements would indicate that the sale price of Penrose is comparatively affordable.
✅ The Penrose is a Short walk to Aljunied MRT
✅ Easy access via Nicoll Highway, PIE & KPE
✅ Mins drive to Central and Marina Bay Business District, Singapore Sports Hub, Stadium and Suntec City.
✅ Abundant shopping amenities nearby including Paya Lebar Square, One KM, Kallang Wave Mall, Leisure Park Kallang, City Plaza, Singapore Post Centre, Geylang Serai Pedestrian Mall and Aperia Shopping Mall
✅ Close proximity to many renowned schools & educational institutions such as Geylang Methodist Pri, Geylang Methodist Sec Sch, Macpherson Pri Sch, Canossa Convent Pri Sch, Cedar Girls Pri , Kong Hwa Pri, Nexus International School, James Cook University and WDA Lifelong Learning Institute
✅ Enjoy outdoor activities at East Coast park and Pelton Canal Park Connector
✅ Surrounded by new growth areas like the new Paya Lebar Central, rejuvenation of Geylang Serai and upcoming development t Bidadari
✅ Good rental potential with demand from tenant pool at Paya Lebar Hub
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