What was the new sale price for Penrose #xx-xx

Penrose is a 99-year leasehold condominium located at Sims Drive in District 14 of Singapore, within the Eunos, Geylang, and Paya Lebar area. Here are some key features of the development:

Developers

Penrose is a joint venture between Hong Leong Holdings Limited and City Developments Limited (CDL), two of Singapore's most reputable developers.

Site and Units

The project sits on a 174,648 square foot site and comprises 566 units spread across six 18-storey blocks. The units range from 1-bedroom to 4-bedroom configurations, with sizes varying from 474 square feet to 1,399 square feet.

Facilities

The condominium offers a wide range of facilities, including a clubhouse, fitness corner, gym, lap pool, jet pool, tennis court, games room, library, and various outdoor dining and recreational areas.

Location

Penrose is approximately 6-7 minutes' walk from Aljunied MRT station and is close to Geylang Methodist Primary and Secondary schools. It is also within a 5-minute drive from the nearest exits of the Pan-Island Expressway (PIE) and Kallang-Paya Lebar Expressway (KPE).

Pricing

The sale range for units at Penrose is between $940,000 and $3.08 million, with prices per square foot ranging from $1,888 to $2,376.

Completion

The expected TOP (Temporary Occupation Permit) date for Penrose is October 1, 2025.

Land Cost

The land was acquired at a cost of $732 per square foot per plot ratio (PSF PPR), which is considered relatively low for the area given its proximity to the city fringe and Aljunied MRT station.