One of the new developments, which has been situated right in the area of the Aljunied, Geylang and Sims Drive by Hong Leong and City Development is Penrose. The highest bid for this location which spans over an area of 174,648 square feet and is situated at the city fringe and that too in the heart of Aljunied and Geylang, was made jointly by the developers. The highest bid for the area was made at $ 732 per square feet per plot ratio. According to an estimation a construction of near about 570 units will be done in this area. In addition to all these, the construction also enjoys a close reach to the major transportation routes. These major transport accessibility routes include the Aljunied MRT Station and also the KPE expressway. There is also the Pan Island Expressway, which is also situated nearby and which is mostly used by the owners who have got their cars. The location is situated at a mere distance of 15 minutes from the Central Business District.
Situated near the Aljunied MRT Station
The leasehold development of ninety years on this land of 174,648 square feet will be developed into a prime city fringe condominium. This development will consist of five hundred and seventy units and will have seventeen to eighteen stories. It will be situated near Aljunied MRT Station. As the land in this area has been secured for $732 per square feet, hence it will be sold at a price of approximately $ 1400 per square feet. This price is very low if we consider the fact that it is a city fringe development. The Penrose Condo (https://www.thepenrosecondo.com.sg) falls within the URA guidelines according to which the average unit size of each of the development’s units should be around 85 square meters. This only means that the units will be larger and will be comfortable for a person’s stay.
Located near schools
The location of Penrose is very prime and it is situated near a large number of premium schools. There is a wide range of schools that are situated near Penrose such as the Cedar Primary School, Canossa Catholic Primary School, Geylang Methodist School, and Kong Hwa Primary School. The establishment of this school is very old. These schools have also got a good record with the earlier students. The selling price of Penrose is very low is we compare it to the other establishments which are being made nearby.
The convenience of the public as well as private transport
Public as well as private transport, both are easily available to the residents of Penrose. All the people who want to go to the Central Business District will have a great benefit here because the Penrose location on Sims Drive it just a short distance from the Pan Island Expressway which connects directly to the Orchard area of the Central Business District. Another big benefit for the residents of Penrose is that it is very near to the Changi International airport as the Pan Island Expressway joins directly at the Changi International airport.