60% of Penrose condo units sold over launch weekend

Penrose condo, a 99-year leasehold development located at Sims Drive in District 14. Take-up at the weekend was good across all unit types. The selling prices worked out to $1,500 to $1,700 per square foot, said Hong Leong. PHOTO: HONG LEONG GROUP

Hong Leong says timing and sensitive pricing among main factors for the positive response

The Hong Leong group sold 60.3 per cent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic.

As of 5pm yesterday, 341 units out of 566 in the 99-year leasehold development at Sims Drive had been taken up, said Hong Leong in a media release.

The units were sold at prices starting from $788,000 for a one-bedroom apartment, $943,000 for a two-bedder, $1.33 million for a three-bedder and $2.11 million for a four-bedder, said Hong Leong yesterday.

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