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Penrose

Apartment · in Geylang, District 14, Singapore · 99 yrs from 03/07/2019 · Completed 2024

Data through 1 July 2026

Penrose site plan and project gallery

Site plan of Penrose in SingaporePenrose property photo 1 in SingaporePenrose property photo 2 in SingaporePenrose property photo 3 in SingaporePenrose property photo 4 in SingaporePenrose property photo 5 in SingaporePenrose property photo 6 in Singapore

Site plan is shown first when available. Scroll to view more project images.

Intro: Penrose stands out for its direct convenience, sitting just a short walk from Aljunied MRT station and a variety of local food spots in Geylang 🚆.
Good to know: Located within 1km of both Geylang Methodist Primary and Secondary schools 🏫; Completed in 2024 with 566 units across an efficient site layout; Offers a wide variety of floor plans ranging from compact 1-bedroom units to spacious 4-bedroom homes.
Practical note: While the location is incredibly well-connected, the surrounding area has a busy, urban pace that may feel less quiet than more secluded residential enclaves 🏙️.

D14RCRCentralGeylang
On this pageSite plan & photosProject detailsNearby MRT & schoolsPrices & transactionsRental trendsFAQs
REALSCOREⓘ
Profitability rank across Singapore
4.9
User Score
User ratings for this property
4.2
Annual Returns
Avg annualized profit (past 1y)
6.7%
< 1km
MRT Station
< 10y
Property Age
Near
$1M+ HDB
> 1K
MOPs in Town
100%
Profitable
Mega
Development
Top 20
Schools
50+
Deals Past Yr

Penrose project details

Street
Sims Drive
Developer
Novasims Development Pte Ltd
Property Type
Apartment
Completion
2024
Total Units
566
Plot Ratio
3.0
Unit Size
474 - 1,399 sqft
Tenure
99 yrs from 03/07/2019
Lease Remaining
92 yrs
Postal Sector
38

GLS Site

Land Use
Residential (Non-Landed)
Development Type
Residential
Site Area
16225.20
Plot Ratio
3.00
Permissible GFA
48676.00
GLS Launch
30-11-2018
Tender Closed
28-03-2019
Awarded
05-04-2019
Awarded To
Intrepid Investments Pte. Ltd. and CDL Constellation Pte. Ltd.
Bids
5
Winning Tender
383529936.00
Land Rate (GFA)
7879.24
Land Rate (ppr)
732.01
Max GFA (Est.)
48676.00
Estimated Units
566

MRT and LRT stations near Penrose

  • Aljunied372 m · MRTEW9
  • Geylang Bahru878 m · MRTDT24
  • Mattar882 m · MRTDT25
See details on nearby stations

Primary schools near Penrose

  • Geylang Methodist School (Primary)426 m
  • Canossa Catholic Primary School811 m
See details on nearby schools

Penrose price, PSF and transaction trends

69%
Sold At Launch
39%
HDB Buyers
$1.2B+
Total Transacted
26-09-2020
First Transacted
30-06-2026
Last Transacted
789
Total Transactions

Penrose transaction volume

Penrose transaction volume01503004502020 · New Sale: 41420202021 · New Sale: 11320212022 · New Sale: 3920222023 · Sub Sale: 1220232024 · Sub Sale: 10220242025 · Sub Sale: 942025 · Resale: 120252026 · Sub Sale: 142026
New SaleSub SaleResale

Among the latest 12 recorded sales for Penrose, the median price was S$1,954,000 and the median PSF was S$2,226 psf. The newest record shown is from 30 June 2026. The annual project median was 43.9% higher in 2026 than in 2020; unit mix can affect year-to-year comparisons.

Recent Penrose transactions

DateSale typePricePSFSize
30 June 2026Sub SaleS$950,000S$1,961 psf484 sqft
8 June 2026Sub SaleS$2,200,000S$2,296 psf958 sqft
29 May 2026Sub SaleS$2,513,888S$2,408 psf1,044 sqft
28 May 2026Sub SaleS$960,000S$2,027 psf474 sqft
11 May 2026Sub SaleS$2,128,000S$2,247 psf947 sqft

Penrose median transaction PSF (S$)

Penrose median transaction PSF (S$)01.0K2.0K3.0K2020 · Median PSF: 1.5K20202021 · Median PSF: 1.7K20212022 · Median PSF: 1.7K20222023 · Median PSF: 1.9K20232024 · Median PSF: 2.1K20242025 · Median PSF: 2.2K20252026 · Median PSF: 2.2K2026

Penrose annual price trend

YearMedian priceMedian PSFRecorded sales
2026S$2,149,000S$2,226 psf14
2025S$1,910,000S$2,152 psf95
2024S$1,568,000S$2,052 psf102
2023S$1,605,000S$1,906 psf12
2022S$2,290,000S$1,694 psf39
2021S$1,910,000S$1,677 psf113
2020S$1,345,500S$1,547 psf414
100.0%
% Profitable
223
Profitable
0
Unprofitable
166
> 6% Annualized
4.1 yrs
Avg Holding
$96.5M
Total Profits

Penrose annualized profit %

Penrose annualized profit %0.0%2.0%4.0%6.0%8.0%2023 · Average Annualized Profit: 7.0%20232024 · Average Annualized Profit: 7.0%20242025 · Average Annualized Profit: 6.8%20252026 · Average Annualized Profit: 6.0%2026
View full details

Penrose rental prices and estimated yield

Past 1 month
$6.40
Avg PSF Rental
42
No. of Rentals
3.5%
Est. Rental Yield

Among the latest 12 recorded rental contracts for Penrose, the median monthly rent was S$4,350, with records ranging from S$3,900 to S$6,000.

Recent Penrose rental contracts

Lease dateBedroomsMonthly rentEst. PSFArea
1 July 20263 BRS$5,800S$6 psf1000-1100
1 July 20262 BRS$4,300S$7 psf600-700
1 July 20262 BRS$4,300S$7 psf600-700
1 July 20262 BRS$4,400S$7 psf600-700
1 July 20262 BRS$4,300S$7 psf600-700

Penrose rental volume

Penrose rental volume0501001502025 · Rentals: 13720252026 · Rentals: 422026
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Frequently asked questions about Penrose

How much do units at Penrose cost?

The latest 12 recorded sales show a median price of S$1,954,000 and a median of S$2,226 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Penrose?

The latest recorded median monthly rent is S$4,350 and the estimated rental yield based on the past six months is 3.5%. Rental yield is indicative and can vary by unit and costs.

Is Penrose freehold or leasehold?

Penrose has a tenure of 99 yrs from 03/07/2019.

When was Penrose completed and who developed it?

Penrose was completed in 2024, the developer is Novasims Development Pte Ltd, and the project has 566 units.

Which MRT or LRT station is nearest to Penrose?

Aljunied is the nearest station shown, at an estimated straight-line distance of 372 metres.

Which primary schools are near Penrose?

The primary schools shown within the page’s one-kilometre search are Geylang Methodist School (Primary) (426 m) and Canossa Catholic Primary School (811 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 July 2026. Figures are indicative and do not constitute financial advice.

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Discussion about Penrose

This is a safe space to ask anything. Disrespectful accounts will be banned.
FullBodiedTehSiewDai57launched at the same price as sims urban oasis (beside it), no wonder all the resale transactions now are ALL major huat kuehs.
6 May 20253
OutstandingBananaLeaf65walked around Penrose area, has some cafes, expressway noise is not too bad since it is separated by some facilities. close to mrt, not great for primary schools not but a big deal
6 May 20250
— View replies (1) —
BlissfulGranola3This project still can buy and get good exit?
12 May 20251
— View replies (4) —
ConsiderateTeochewMuay97expressway noise!!
22 May 20252
AbundantKetupat42Penrose has some of the best layouts for families, especially in the larger units. There's a good mix of families living here because of that. It's nicely tucked away in Sims but still just a few minutes' walk to Aljunied MRT, with some of the best local food nearby. The gym is a good size and even has a cable machine, which is rare for a condo this size. The pool stays shaded most of the time but the water is still comfortably warm. On weekends, it's an easy bike ride to the National Stadium or Marina Bay, or a quick ride to Joo Chiat for coffee and bagels.
17 June 20253
DatejustGuess which layout is the best for investment and room type
13 February 20260
— View replies (1) —
SlowCookedFriedBeeHoon80new condo, looks like and spacious but quite ulu
14 March 20261
ConsiderateIndianCurry19Location too near to geylang
3 May 20260
TheTapiocaFamilyLocation wise is above average, architectural design is kind of average. The neighbour beside looks more grand and has lower psf.
4 June 20260
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