Penrose
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%
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 🏙️.
< 1km
MRT Station
< 10y
Property Age
Near
$1M+ HDB
> 1K
MOPs in Town
100%
Profitable
Mega
Development
Top 20
Schools
50+
Deals Past Yr
Project Facts
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
Nearby Stations
- AljuniedEW9
- Geylang BahruDT24
- MattarDT25
Nearby Primary Schools
- Geylang Methodist School (Primary)
- Canossa Catholic Primary School
Transaction
69%
Sold At Launch
39%
HDB Buyers
$1.2B+
Total Transacted
26-09-2020
First Transacted
30-06-2026
Last Transacted
789
Total Transactions
Transaction Volume
New SaleSub SaleResale
100.0%
% Profitable
223
Profitable
0
Unprofitable
166
> 6% Annualized
4.1 yrs
Avg Holding
$96.5M
Total Profits
Annualized Profit %
Unit Distribution
| Type | Units | % | Size |
|---|---|---|---|
| 1 BR | 57 | 10.10% | 473 - 516 sqft |
| 1 BR + Study | 2 | 0.40% | 559 - 570 sqft |
| 2 BR | 69 | 12.20% | 645 sqft |
| 2 BR Premium | 68 | 12.00% | 699 - 710 sqft |
| 2 BR + Study | 34 | 6.00% | 796 - 807 sqft |
| 3 BR | 105 | 18.50% | 936 - 979 sqft |
| 3 BR Premium | 123 | 21.70% | 1,044 - 1,097 sqft |
| 3 BR + Study | 54 | 9.50% | 1,173 - 1,184 sqft |
| 4 BR | 54 | 9.50% | 1,388 - 1,399 sqft |
Profitability by Block
| Block | Postal Code | Profitable % | Annualized Profit % |
|---|---|---|---|
| 30 | 387400 | 100.0% | 7.1% |
| 22 | 387396 | 100.0% | 6.6% |
| 26 | 387398 | 100.0% | 8.2% |
| 20 | 387395 | 100.0% | 6.1% |
| 28 | 387399 | 100.0% | 7.8% |
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