What is the Penrose Condominium?
Are you interested in renting a luxurious condominium? If so, there are plenty of condominiums that have an elegant whole unit for rent in Singapore. However, most condominiums are expensive. Only a few market affordable Singapore condo price options with access to great amenities. One of them is the Penrose Condominium.
The Penrose Condominium is developing in the eastern fringe of the Central Region of Singapore. It is a 99-year leasehold where you can get a whole unit for rent in Singapore. The condominium is 18-storeys tall with a total of 566 leasehold units. It was developed by the joint project of Cdl & Hong Leong Group.
It was officially launched on September 24, 2020. The estimated year completed will be in 2025. The Penrose Condominium is marketed as a balance between convenience and essential living.
Each whole unit for rent in Singapore at the condominium is spacious and efficiently laid out. They are furnished with high quality and luxury furniture and appliances. Therefore, the Singapore condo price paid for this accommodation can be very rewarding.
KEY LEARNINGS & TAKEAWAYS
- It is a 99-year leasehold 18-storeys tall building with a total of 566 leasehold units.
- Designed using a forest-theme that will be seen in the facilities.
- Situated beside Sims Drive which is near the areas Eunos, Geylang, and Paya Lebar.
- Singapore Sports Hub and the East Coast Park can be easily accessed by the tenants.
- The Penrose Condominium price per square foot is at least S$1,600.
Where is Penrose Condominium located?
The Penrose Condominium is located in District 14. It is beside the Sims Drive which is near the areas Eunos, Geylang, and Paya Lebar. Getting a whole unit for rent in Singapore in the Penrose Condo will put you in a strategic location. It only takes a 15-minute drive to reach the Financial District of Singapore.
Tenants can reach the Orchard Road in 20 minutes through the Pan Island expressway or Central expressway. Aside from that, the Penrose Condominium is near three MRT stations.
They are Aljunied, Mattar, and Geylang Bahru MRT stations. Its proximity to the Central Business District and Changi Airport may contribute to its Singapore condo price. However, the convenience that it will provide will be worthwhile.
Things to do in Geylang, Paya Lebar, and Eunos
Since the Penrose Condominium is bordering 3 urban areas, tenants will have access to multiple amenities. One of them is the Singapore Sports Hub. The Singapore Sports Hub houses many sports facilities such as the National Stadium and OCBC Arena. The Water Sports Centre, OCBC Aquatic Centre, and the Singapore Badminton Hall are also located there. Furthermore, the Kallang Wave Mall and the Splash-N-Surf too are located in the Singapore Sports Hub.
The famed East Coast Park is neighboring the Penrose Condominium. The said park is Singapore’s largest outdoor recreational park. People can do outdoor activities here such as cycling, skating, and jogging. Furthermore, it is a good spot for a family picnic as well.
Other amenities that provide recreational activities that are near the Penrose Condominium are the Road Safety Community Park and Geylang East Park. Tenants can easily go to the Raintree Cove and the Big Splash. Furthermore, there are plenty of cafes, convenience stores, banks, boutique shops, libraries, and petrol stations close by. There are also houses of worship for the religious tenants.
As for shopping malls, there are five of them near the Penrose Condominium. They are City Plaza, Paya Lebar Square, Tanjong Katong Complex, KINEX Mall (One KM), and Macpherson Mall. For tenants with children, there are a sufficient number of schools neighboring the Penrose condominium. Kong Hwa School, Macpherson Primary School, and Geylang Methodist Secondary School are only some of them. There are also hospitals close by such as Parkway East Hospital, Farrer Park Hospital, and T. Medical Centre. The Singapore condo price you will pay for the whole unit for rent in Singapore is profitable because of the easy access to these facilities.
Opinions on the Penrose Condominium
Penrose Condominium’s land was bought at a low price. As a result, the Singapore condo price per square foot is at least S$1,600. This is a very competitive price especially since it is close to many access roads and MRT stations. However, because of its closeness to two major expressways, noise pollution is inevitable. Many are anticipating how the developers are going to solve this.
Furthermore, Penrose Condominium has many competitors. Most of them are freehold properties. The only advantage it has is the elegant whole unit for rent in Singapore and its facilities. In addition, most of the freehold condos are small and unattractive.
The Penrose Condominium is very affordable compared to many luxury condominiums. The location too is very convenient as well as the neighbouring amenities. Furthermore, the urban areas of Geylang, Paya Lebar, and Eunos have a lot of developing stages to go through. In the future, more and more amenities and facilities will be built near the Penrose Condominium. As a result, the Singapore condo price may appreciate significantly. If you wish to research more about condos for rent in Singapore, SRX Properties has featured articles that you can read.