Rent vs D14 +20.0%
Rents above district median
Penrose's latest 12-month median rent is $4,500 compared with the D14 median of $3,750 for the same period. Use this district check before narrowing by bedroom and area band.
Penrose rent and sale price
D14 / Geylang, Eunos
Address 22 Sims Drive Penrose Singapore 387396
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Quick summary about Penrose
Penrose is a 99-year leasehold apartment in D14 / Geylang, Eunos. The page currently tracks 206 rentals and 336 sales. Penrose is near ALJUNIED MRT STATION (EW9), about 0.47 km away.
For rent checks, start with the latest 12-month median of $4,500 per month and compare it with the full-history size-band range of $3,400 to $7,600. For sale checks, start with the latest 12-month median sale price of $2,104,000 and median sale PSF of $2,177 psf, then compare full-history floor-band evidence from $1,900,000 to $2,012,000 and PSF from $1,896 psf to $2,083 psf.
- Latest 12M median rent is $4,500 per month from 74 rentals. The bedroom and floor-area tables below show the full loaded history.
- Latest 12M median sale price is $2,104,000, with median sale PSF at $2,177 psf from 26 sales.
- Rent is down 1.1% over the last 3 months. Sale PSF is up 1.9% over the last 3 months.
Penrose Market Brief
Compare the project with D14 across rent, sale PSF, tenure and transaction activity.
Compared with D14
Sale PSF vs D14 +22.4%
Sale PSF above district median
Penrose's latest 12-month median sale PSF is $2,177 psf versus the D14 median of $1,778 psf for the same period. A premium should be explained by tenure, condition, floor, view or scarcity.
Rent support 2.57%
Rent support near district screen
Gross yield is roughly 2.57% versus a D14 screen of 2.85%. Treat this as a first-pass rent support signal before costs, vacancy and financing.
Rent stability 59.4% spread
Rent is uneven
Recent median rents vary a lot, usually because unit mix differs month to month.
Market activity +32.5%
Activity is rising
53 recent transactions versus 40 in the prior 6-month view.
Tenure lens 99-year leasehold
Leasehold comparison needed
99-year leasehold from 2019 matters most on sale price. Compare Penrose against nearby projects with similar tenure before treating a PSF gap as cheap or expensive.
Before you decide
Latest 12M median rent $4,500
Is the asking rent fair?
$4,300 to $4,750 is the first fair-rent band to check. Above $4,750 should have a visible reason.
Latest 12M median sale PSF $2,177 psf
Is the purchase price fair?
$2,040,000 to $2,170,000 and $2,110 to $2,240 psf are the first sale checks before adjusting for floor, size, view and condition.
3 bed rent $5,850
Are similar units renting for more?
3 bed and 400 to 500 sqft give the closest unit-size checks.
Rent stability 59.4% spread
Is rent stable here?
Rent is uneven. Recent median rents vary a lot, usually because unit mix differs month to month.
Transaction volume +32.5%
Is activity rising?
Activity is rising. 53 recent transactions versus 40 in the prior 6-month view.
Penrose Project Facts
Project-level details from URA records and local enrichment.
Tenure 99-year leasehold from 2019
Property type Apartment, Non-Landed Properties
Sales 225 sub sale transactions, 111 new sale transactions
Total sold value $634.6M
Penrose Data Coverage
Use this to judge whether the project has enough rent, sale and recent transaction depth for a confident comparison.
Rentals 206 Feb 2025 to Sept 2026
Sale transactions 336 Jun 2021 to Oct 2026
Rent trend -1.1% Last 3 months
Sale PSF trend 1.9% Last 3 months
Penrose Location
Nearest transport, schools and daily conveniences around the project.
Project MRT School Amenities
Nearby
Approximate distance from the project. Walking, driving and transit routes may differ.
Closest MRT
ALJUNIED MRT STATION (EW9) 0.47 km away
MATTAR MRT STATION (DT25) 0.9 km away
GEYLANG BAHRU MRT STATION (DT24) 0.95 km away
Schools nearby
NEXUS INTERNATIONAL SCHOOL (SINGAPORE) 0.2 km away
GEYLANG METHODIST SCHOOL (SECONDARY) 0.36 km away
GEYLANG METHODIST SCHOOL (PRIMARY) 0.48 km away
CANOSSA CATHOLIC PRIMARY SCHOOL 0.83 km away
Amenities
51 OLD AIRPORT ROAD FOOD CENTRE AND SHOPPING MALL Mall / retail · 1.41 km away
PELTON CANAL PARK CONNECTOR Park / green link · 0.55 km away
MARKET & HAWKER CENTRE (BLK 89 CIRCUIT ROAD) Food centre · 0.76 km away
Penrose Rent and Sale PSF Trends
Recent rent, sale PSF and contract activity for this project.
Latest median rent $4,650 188 rentals in view
Latest median sale PSF $2,247 psf 62 sales in view
Month Rent contracts Median rent Sale transactions Median sale PSF Median sale
Oct 2026 0 - 2 $2,247 psf $1,951,944
Sept 2026 8 $4,650 1 $2,323 psf $2,750,000
Aug 2026 9 $3,700 0 - -
Jul 2026 12 $4,350 0 - -
Jun 2026 9 $4,400 2 $2,129 psf $1,575,000
May 2026 7 $3,500 3 $2,247 psf $2,128,000
Apr 2026 3 $5,800 1 $2,205 psf $1,780,000
Mar 2026 2 $3,700 2 $2,028 psf $1,147,500
Feb 2026 3 $4,000 1 $2,249 psf $2,468,888
Jan 2026 6 $5,325 4 $2,215 psf $2,354,444
Dec 2025 3 $5,800 2 $2,145 psf $1,565,000
Nov 2025 5 $3,400 8 $2,140 psf $2,115,000
Projects Similar to Penrose
Same district, ranked by similar rent, sale PSF and transaction depth.
99-year leasehold from 2009 Waterbank at Dakota 1.7 km away 1,151 transactions
- Median rent
- $4,500
- Median sale PSF
- $1,774 psf
- Median rent
- $4,400
- Median sale PSF
- $2,203 psf
- Median rent
- $4,000
- Median sale PSF
- $2,232 psf
- Median rent
- $4,100
- Median sale PSF
- $1,821 psf
- Median rent
- $4,300
- Median sale PSF
- $1,831 psf
- Median rent
- $3,800
- Median sale PSF
- $1,720 psf
Penrose Rent by Bedrooms
Monthly rent by recorded bedroom count.
Bedrooms Median rent Average rent Transactions
1 bed $3,400 $3,367 45
2 bed $4,200 $4,214 59
3 bed $5,850 $5,925 75
4 bed $7,600 $7,613 12
Unknown $5,900 $5,390 15
Penrose Rent by Size
Monthly rent by recorded URA floor area band.
Area band Median rent Average rent Transactions
400 to 500 sqft $3,400 $3,357 46
500 to 600 sqft $3,550 $3,550 2
600 to 700 sqft $4,000 $4,048 40
700 to 800 sqft $4,500 $4,511 18
800 to 900 sqft $4,700 $4,700 4
900 to 1,000 sqft $5,800 $5,744 40
1,000 to 1,100 sqft $6,000 $6,038 35
1,100 to 1,200 sqft $6,650 $6,663 8
Penrose Sale PSF by Floor
Median sale price and PSF by recorded floor band.
Floor band Median sale Median PSF Transactions
01 to 05 $2,012,000 $1,896 psf 75
06 to 10 $1,910,000 $2,000 psf 106
11 to 15 $1,998,500 $2,002 psf 90
16 to 20 $1,900,000 $2,083 psf 65
Penrose Latest Transactions
Most recent URA rentals and sales for this project.
Rentals
Sales
How to use this data
Practical guidance for renters, buyers and sellers. This is not a valuation, it is a starting point for comparing real transactions.
Rent negotiation
If you are renting
Penrose shows a latest 12-month median monthly rent of $4,500 across 74 rentals. Use that as the first anchor, then check the bedroom and floor-area bands before accepting an asking rent.
Latest 12M median rent $4,500
Rentals in period 74
Rent signal Strong
- If the asking rent is above the median, look for a clear reason such as larger size, newer condition, furnishings or a better stack.
- If it is below the median, check whether the unit is smaller, older, lower floor or has a shorter lease term.
Offer check
If you are buying
Latest 12M sales at Penrose show a median price of $2,104,000 and $2,177 psf. Treat those as the first comparable range, then adjust for floor, size, condition and tenure.
Latest 12M median sale $2,104,000
Latest 12M median PSF $2,177 psf
Sale signal Strong
- Compare the unit against the sale by floor table before deciding whether a premium makes sense.
- 99-year leasehold from 2019 should be part of the buying decision, especially when comparing against newer leasehold or nearby freehold projects.
Listing position
If you are selling
For sellers, the cleanest starting point is the project median PSF, then the latest sales and nearby project comps. Penrose has 336 sales on this page, so pricing should be checked against actual recent contracts before listing.
Sale signal Strong
Total sold value $634.6M
Latest record Oct 2026
- Use the latest sales table to avoid anchoring to stale prices when the most recent month moved differently.
- If you want to price above recent PSF, the listing needs a visible reason such as renovation, view, layout, floor or scarcity.
Run Penrose numbers
Start with the project benchmarks, then adjust the calculator assumptions for the unit you are considering.
Rental yield $4,500/mo Test gross and net yield against typical rent. Buy vs rent $2.1M Compare ownership cost against renting. Mortgage $2.1M Estimate monthly payment from the sale price. Stamp duty $2,177 psf Estimate buyer stamp duty before offer math. Purchase timeline Offer steps Map the option fee, exercise date, stamp duty and completion.
District context
Use D14 to compare Penrose against the wider area.
About this data
How to read the rental and sale figures on this page.
Rental figures come from URA private residential rent data. Rent is shown as monthly rent.
Sale figures come from private residential sale data. PSF and total selling value are shown where the needed fields are available.
Rental floor level is not available from this source, so rental analysis is split by bedroom count and floor area band.
Sale floor band is available for many sale transactions, so sale prices can be grouped by recorded floor band.
Penrose FAQ
Quick answers for renters, buyers and owners comparing this project.
What is the typical rent at Penrose?
Penrose has a latest 12-month median monthly rent of $4,500 across 74 rentals in that period.
What is the typical sale price at Penrose?
The latest 12-month median sale price for Penrose is $2,104,000, based on 26 sales in that period.
What is the median sale PSF at Penrose?
The latest 12-month median sale price per square foot for Penrose is $2,177 psf. The average for the same period is $2,169 psf.
Is Penrose freehold or leasehold?
Penrose is listed as 99-year leasehold from 2019. Tenure is tied to the project and is most relevant when reviewing sale transactions.
Where is Penrose located?
Penrose is located at 22 Sims Drive Penrose Singapore 387396 in D14 / Geylang, Eunos.
How current is the Penrose transaction data?
The project page uses the latest records currently loaded on PropertySmartSG. Treat it as research evidence and check the latest transaction rows before using it for pricing.