Hong Leong Holdings and a branch of City Developments had put hands together to form a real estate company named Penrose Singapore. These two companies can be regarded as the most reputable developers.
This is a review that will discuss the qualities of this Sims Drive condo location, estimating its prices vis-a-vis those around, and will also compare different price rates against its competitors.
When looked at first the Penrose condo may seem to be one of the most promising new launches of 2020. There are various reasons which favor this call but on the other hand, there are certain drawbacks as well.
Features, which impact the Penrose Condo
Penrose condo Sim Drive has an overall area of 560 units and can be stated as a medium-sized project. This estate is large enough to give different kinds of facilities and landscaped grounds. But when it comes to give a cozy feeling or engender a sense of community this estate may seem small.
The customers who buy estate prefer this kind of estate over others as the small projects have very fewer facilities and land while the larger ones are not compatible with all buyers. So, this goes to the favor of Penrose condo.
The position of this estate is quite fair as well. It is a 6-minute walk to an MRT station which is not so far or not so close. Keep in mind it is not quite next to a station. But the distance is acceptable for the general mass. This is a positive aspect of this estate if you are thinking of renting it.
It is situated in a city fringe location and considering its distance to CBD, the Aljunied/Sims areas seem to be undervalued in comparison to other places.
The surrounding neighborhood may seem a bit dirty when compared to other areas. The area is not rich except the Sims Urban Oasis next door. Most of the things are not gentrified yet.
On the other hand, we can say when all this happens the value of this place would be greater.
The main drawback of this place is, the northern border has an expressway. The north-facing unit would face a lot of noise from the traffic so you have to keep the windows closed and the air conditions on. If you accept this you would be rewarded with a more open outlook. The choice is all yours.
Some other features of Penrose @ Sims Drive
There is no shopping center within the walking radius. The nearest one is at Paya Lebar Square/Paya Lebar Quater which is one train stoppage.
There is the availability of food centers. There is Sims Vista Market and Food center situated diagonally. Geylang is a foodie’s heaven that is situated south to it. These all are within walking distance.
Another notable place nearby is the James Cook University, which is at a 10-minute distance on foot.
It all depends on the kind of margin the Penrose condo is targeting while keeping in mind the construction charges hike every year. Still, there are some hopes.
We can compare the possible rental returns and gains with Sims Urban Oasis which is situated nearby. It is still new and has been completed in 2017.