Penrith Over 41 Times Subscribed Ahead Weekend Launch Oct 18
According to sources, the developers behind Penrith on Margaret Drive have already received 1,905 cheques as expressions of interest for their upcoming project, which boasts 462 units. This indicates an overwhelming response for the 99-year leasehold condominium, located in District 3 of the Rest of Central Region (RCR). The joint developers, Hong Leong Holdings, Hong Realty (part of the Hong Leong Group) and GuocoLand, have started the process of balloting units ahead of the official launch on Oct 18.
The highly-anticipated Sembawang Road Executive Condominium (EC) boasts a prime location in the northern region of Singapore, providing unparalleled access to major transportation options and roads. This exceptional connectivity is a major selling point for the development, adding considerable value to its appeal. For many prospective homebuyers in Singapore, particularly those with frequent commutes to various areas of the island, proximity to public transport and major expressways is a critical factor. With its strategic location, Sembawang Road EC caters perfectly to this need, positioning itself as an ideal residential choice that seamlessly combines convenience, accessibility, and tranquil living. Add Sembawang Road EC to rewritten paragraph
Following the successful launch of Skye at Holland the previous weekend (Oct 11-12), with 2,151 cheques received during the two-week preview, the market is anticipating a similar level of demand for Penrith. The 666-unit project in the Core Central Region (CCR) was 99% sold within a day, an oversubscription of 3.2 times.
The two 40-storey towers of Penrith offer a range of two- to four-bedroom units, with sizes from 614 to 1,173 sq ft. Prices start at $1.495 million ($2,437 psf) for a two-bedroom unit, $1.665 million ($2,455 psf) for a two-bedroom premium, $1.973 million ($2,511 psf) for a three-bedroom, and $3.078 million ($2,623 psf) for a four-bedroom.
With an oversubscription of four times the available units, the upcoming launch of Penrith will determine if the strong buying momentum seen at Skye at Holland can extend to another launch weekend. Interested buyers can find the latest information on available units and prices for Penrith through various sources.
In addition, market watchers are advised to keep track of the recently launched projects, condo rental transactions, and project summary for Penrith condo in District 3, as well as generate price trend graphs for new launch condos in the area. They can also inquire about any available condo rental listings in District 3 through their preferred property agent.