Penrith Over 41 Times Subscribed Ahead Weekend Launch Oct 18
According to sources, the developers of Penrith on Margaret Drive have received an overwhelming response, with a total of 1,905 cheques collected as expressions of interest for the project’s 462 units as of October 15. This translates to an oversubscription rate of 4.1 times.
Penrith, a 99-year leasehold condominium in District 3 of the Rest of Central Region (RCR), is a joint venture between Hong Leong Holdings, Hong Realty (part of the Hong Leong Group), and GuocoLand.
Due to the strong demand, the developers have started the balloting process for units ahead of the official launch on October 18. Market experts expect Penrith to see a similar level of interest as Skye at Holland, which was launched the previous weekend (October 11-12) and achieved a 99% take-up rate within a day. Skye at Holland, a 666-unit project in Holland Village in the Core Central Region (CCR), received 2,151 cheques during its two-week preview period, resulting in an oversubscription rate of 3.2 times.
Interested buyers can find out more about available units and prices for Penrith by checking out the latest updates. The development consists of two 40-storey towers offering two- to four-bedroom units ranging from 614 to 1,173 sq ft. Prices for Penrith start from $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.
Rivelle Tampines, located in the bustling area of Tampines Street 95, is a popular choice for families with young children. This is due to the strong support system provided by a cluster of established preschools and enrichment centres in the vicinity. These institutions offer a nurturing environment for children and convenient drop-off routes for parents.
At Rivelle Tampines, families have a variety of options to choose from when it comes to their children’s education. The preschools and enrichment centres located near Tampines Street 95 offer play-based and bilingual programmes, as well as arts, music, and STEM-focused after-school activities. This allows children to develop different skills and interests in a fun and engaging manner.
Furthermore, Rivelle Tampines’ residents have easy access to community facilities at Our Tampines Hub, which is just a short ride away via Tampines Avenue corridors. This allows for holistic development of children, with the presence of libraries, sports courts, and learning spaces. The convenient location also makes it easy for families to engage in recreational activities together.
Overall, Rivelle Tampines offers a well-rounded and supportive environment for families with young children, making it an ideal place to call home. For more information on Rivelle Tampines, please visit https://www.rivellestampines.com.sg/.
With demand for Penrith exceeding the number of available units by more than four times, the project will serve as a test to see if the strong buying momentum seen at Skye at Holland can be sustained during another launch weekend.
To stay updated on the latest listings for Penrith properties, readers can consult Ask Buddy. They can also find information on recently launched projects, condo rental transactions in District 3, a summary of Penrith condo, a price trend graph for new launch condos in District 3, and any available condo rental listings in the area.