Penrose

Penrose is the new luxury condominium located in District 14, at the city fringe. Set to be completed in 2024, Penrose will be home to 566 apartments, with a mixture of one to five bedrooms. From the lush verdancy of the wellness garden and sky marsh land, to the zipline and aqua play area of the kid’s adventure park, the myriad of facilities within Penrose provide a diverse palette of lifestyle activities catered to both thrill and solace. Featuring 3 different green pavilions, the forest-themed Penrose is poised to be a lush green sanctuary for its residents.

Penrose is developed by NovaSims Development Pte Ltd, a joint venture between two of Singapore’s most established property giants, Hong Leong Holdings Limited and City Development Limited. Being the innovative market leaders in Singapore for the past 50 years, both developers have created countless iconic quality developments. As highly regarded developers of only the most valued projects, the future inhabitants of Penrose can look forward to yet another residential masterpiece.

Hong Leong Holdings Limited (HLHL) was established in 1968 as the privately-held property development and investment arm of the Hong Leong Group. Hong Leong Group is the largest player in the local private sector spreading its services across North America, Europe, and Asia-Pacific. Its major businesses are in property development and investment, financial services, hotel management, e-Business, and trade and industry. As one of the pioneers of the real estate scene in Singapore, HLHL has since emerged as a major player in the property market, making it one of the most sought-after providers of a comfortable home. To date, it manages 8 commercial projects and has developed close to 100 residential properties, including a range of mid to high-end residential projects in some of the country's most coveted neighbourhoods. As a forward-looking developer that continues to pursue improvement and expansion while maintaining its high design, customer service and sustainability standards, HLHL takes pride in being responsible for some of the most distinctive and iconic residential developments in Singapore. Their commercial property portfolio, comprising Hong Leong Building, Fuji Xerox Towers, 80 Robinson Road, 76 Shenton Way and Anson Centre, mirrors the growth of Singapore’s Central Business District. Notable residential developments include Hong Leong Garden, Tulip Garden, The Atria at Meyer, The Makena, Tanjong Ria, Riverside Piazza, Watermark Robertson Quay, Tate Residences and Aalto, several of which have earned numerous awards for the company.

CDL is a leading global real estate company with a network spanning 106 locations in 29 countries and regions. Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically-diverse portfolio comprises residences, offices, hotels, serviced apartments, shopping malls and integrated developments. With a proven track record of over 55 years in real estate development, investment and management, the Group has developed over 46,000 homes and owns over 24 million square feet of gross floor area in residential, commercial and hospitality assets globally. Its diversified global land bank offers 3.4 million square feet of land area. Along with its London-based hotel arm, Millennium & Copthorne Hotels Limited (M&C), the Group has 152 hotels and 44,000 rooms worldwide, many in key gateway cities. CDL’s track record has consistently been proven with the company being consistently presented with new awards for its outstanding green buildings. At the Building and Construction Authority (BCA) Awards 2020, CDL emerged as the only developer to be conferred the Quality Excellence Award – Quality Champion (Platinum) for seven consecutive years. Other than the upcoming Penrose, notable projects developed by CDL include Piermont Grand, Boulevard 88, The Residences at W Singapore Sentosa Cove, Coco Palms, and Bartley Ridge, among others. Each of these residences bears CDL’s hallmark of quality and design, as will Penrose.