Name: Penrose
Brand: Hong Leong Holdings & City Developments
Price: 2306000 SGD
Availability: SoldOut

Question 1

Where is Penrose located?

Accepted Answer

Penrose is located, at 20 Sims Dr, Singapore 387395, in District 14 (Eunos / Geylang / Paya Lebar) of Singapore.

Question 2

Is Penrose leasehold or freehold?

Accepted Answer

Penrose is a 99-year leasehold development. Under Singapore's leasehold system, the land reverts to the State at the end of the lease term.

Question 3

When does Penrose TOP (Temporary Occupation Permit)?

Accepted Answer

Penrose is sold out. TOP details are confirmed in the project's original sales materials.

Question 4

Who is the developer of Penrose?

Accepted Answer

Penrose is developed by Hong Leong Holdings & City Developments, the appointed Singapore developer responsible for the project's design, construction, and sales.

Question 5

How many units are there at Penrose?

Accepted Answer

Penrose comprises 566 residential units across the development.

Question 6

What's the price range at Penrose?

Accepted Answer

Indicative prices at Penrose start from S$2.31M and range up to S$2.33M. Final prices are confirmed at booking and vary by unit type, floor, and view; contact us via the enquiry form for the latest unit-by-unit price list.

Question 7

What's the showflat location for Penrose?

Accepted Answer

The showflat for Penrose is reserved for registered viewers. Sign up via the enquiry form on this page and we'll send you the Google Maps location, viewing times, and direct contact for VIP showflat access. Walk-ins without an appointment are typically not permitted.

Question 8

Can I compare Penrose with other Singapore developments?

Accepted Answer

Yes. Tap the Compare Property button on this page to place Penrose side-by-side with up to three other developments. The comparison covers price, unit sizes, tenure, developer, and TOP.

Question 9

Are there developer discounts available at Penrose?

Accepted Answer

Developer-issued discounts at Penrose change with each phase of release. Speak with our licensed agent via the enquiry form on this page for the latest discount structure, early-bird pricing, and any stamp duty subsidies on offer.

Question 10

Can I negotiate directly with the developer of Penrose?

Accepted Answer

All new launch transactions in Singapore are routed through CEA-licensed salespersons. AI Property represents buyers in negotiation with the developer of Penrose. To engage us, email hello@aiproperty.sg with your NRIC (front and back), contact number, email address, and the unit number you're interested in.

Question 11

How do I register for a VIP viewing of Penrose?

Accepted Answer

Submit your contact details via the registration form on this page and our agent will arrange a personalised VIP viewing of Penrose. VIP viewings cover the showflat, available units, floor plans, and developer pricing not yet public.

Question 12

Do you have floor plans and project information for Penrose?

Accepted Answer

Available floor plans, schematics, unit mix breakdowns, and the project factsheet for Penrose are published on this page as soon as they're released by the developer. Sign up for project updates and you'll be notified the moment new materials go live.

Question 13

What's the down payment for Penrose?

Accepted Answer

For Singapore citizens and PRs buying a private residential property like Penrose, the standard minimum down payment under the 75% loan-to-value (LTV) limit is 25% of the purchase price. The first 5% is paid in cash at booking when the developer issues the Option to Purchase (OTP). The remaining 20% is payable when the OTP is exercised, sourced from cash and/or CPF Ordinary Account. Foreigners follow the same 25% down payment structure but cannot use CPF. Speak to our licensed agent for an individual TDSR calculation.

Question 14

What's the Additional Buyer's Stamp Duty (ABSD) on Penrose?

Accepted Answer

ABSD on a private residential purchase in Singapore including Penrose is 0% for a Singapore citizen's first property, 20% for a citizen's second, and 30% for a third or more. PRs pay 5% on their first property and 30% on their second. Foreigners pay 60% on any property. ABSD remission is available for couples where one spouse is a Singapore citizen, subject to conditions including selling existing properties within 6 months. Final rates are set by IRAS at the time of purchase.

Question 15

What's the Buyer's Stamp Duty (BSD) on Penrose?

Accepted Answer

BSD on Penrose is calculated on a tiered sliding scale set by IRAS: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, 5% on the next S$1.5M, and 6% on the amount above S$3M. BSD is payable to IRAS within 14 days of signing the purchase contract. Any Additional Buyer's Stamp Duty (ABSD) is on top of BSD, not instead of it.

Question 16

How does the booking and OTP process work at Penrose?

Accepted Answer

To book a unit at Penrose: (1) Register your interest via the enquiry form on this page. (2) Our agent sends the latest price list, floor plans, and unit availability. (3) Confirm your selection and submit the 5% Option Fee (cheque or PayNow). (4) The developer issues the Option to Purchase (OTP), with the Sale & Purchase Agreement typically delivered within 14 days. (5) Exercise the OTP within roughly 3 weeks of receiving the S&PA by paying the remaining 20% (balance of the 25% down payment) and signing the agreement. The full process from booking to S&PA signing usually takes 3 to 6 weeks.

Question 17

What are the typical maintenance fees at Penrose?

Accepted Answer

Monthly maintenance fees at Penrose are payable to the Management Corporation Strata Title (MCST) once the development is completed. Across Singapore, mass-market new launches typically fall between S$300 and S$800 per month for a 3-bedroom unit, while luxury developments with extensive facilities (concierge, multiple pools, sky lounges) frequently exceed S$1,500 per month. Exact fees depend on unit share value, development size, and facility scope. The first year's contribution is usually paid in advance at completion. Our agent provides the exact MCST budget for Penrose once the developer publishes it.

Question 18

Can I use CPF and a bank loan to buy Penrose?

Accepted Answer

Yes. For Penrose, eligible Singapore citizens and PRs can fund the purchase with a combination of cash, CPF Ordinary Account (OA) funds, and a bank loan, subject to the Total Debt Servicing Ratio (TDSR) cap of 55% of gross monthly income. The standard split is 5% cash + 20% CPF or cash for the down payment, with the remaining 75% via a bank loan. MAS allows a maximum private-property loan tenure of 35 years, but tenures over 30 years (or that extend past age 65) face reduced LTV limits. Foreigners cannot use CPF and must rely on cash plus a bank loan.

Question 19

How is buying Penrose different from buying a resale condo?

Accepted Answer

Buying Penrose as a new launch differs from a resale condo purchase in three main ways. First, payment is progressive: instead of paying the full price upfront, payments are staged (5%, 20%, then construction-milestone instalments). Second, new launches ship with the developer's full fittings, warranty, and current building specifications. Third, while Buyer's Stamp Duty and ABSD apply identically to both, new launches give early-bird buyers access to preferred units, floors, and views at the official launch price. Resale condos move faster (immediate possession) but lack the construction-period payment flexibility.

Tenure	99-year leasehold
District	D14 (Eunos / Geylang / Paya Lebar)
Developer	Hong Leong Holdings & City Developments
Property type	Condo
Total units	566
Nearby MRT	Aljunied, Kallang, MacPherson
Status	Sold Out
Indicative price	S$2.31M to S$2.33M

Penrose

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