Penrose
Penrose is a 99-year lease (92 yrs left) apartment development in District 14 (Geylang / Eunos / Paya Lebar). It has 327 recorded private transactions. Latest sale: $2,200,000 (Jun 2026, 89 sqm, floors 11-15). Median $2,000/sqft. Prices up 28.6% over the period. 92 years lease remaining.
Where Penrose ranks in District 14
All 139 projects ›Median psf over time
Estimate a unit at Penrose
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.15% a year.
Price by floor
| Floor band | Median psf | Transactions |
|---|---|---|
| 01-05 | $1,888 | 72 |
| 06-10 | $2,004 | 103 |
| 11-15 | $2,005 | 89 |
| 16-20 | $2,083 | 63 |
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| Jun 2026 | 11-15 | Sub Sale | 89 sqm | $2,200,000 | $2,296 |
| May 2026 | 11-15 | Sub Sale | 88 sqm | $2,128,000 | $2,247 |
| May 2026 | 06-10 | Sub Sale | 44 sqm | $960,000 | $2,027 |
| May 2026 | 16-20 | Sub Sale | 97 sqm | $2,513,888 | $2,408 |
| Apr 2026 | 06-10 | Sub Sale | 75 sqm | $1,780,000 | $2,205 |
| Mar 2026 | 06-10 | Sub Sale | 45 sqm | $970,000 | $2,003 |
| Mar 2026 | 06-10 | Sub Sale | 60 sqm | $1,325,000 | $2,052 |
| Feb 2026 | 11-15 | Sub Sale | 98 sqm | $2,488,000 | $2,359 |
| Feb 2026 | 06-10 | Sub Sale | 102 sqm | $2,468,888 | $2,249 |
| Jan 2026 | 01-05 | Sub Sale | 109 sqm | $2,538,888 | $2,164 |
| Jan 2026 | 16-20 | Sub Sale | 89 sqm | $2,170,000 | $2,265 |
| Jan 2026 | 16-20 | Sub Sale | 129 sqm | $3,180,000 | $2,290 |
| Jan 2026 | 06-10 | Sub Sale | 60 sqm | $1,326,000 | $2,053 |
| Dec 2025 | 11-15 | Sub Sale | 75 sqm | $1,800,000 | $2,230 |
| Dec 2025 | 11-15 | Sub Sale | 60 sqm | $1,330,000 | $2,059 |
| Nov 2025 | 16-20 | Sub Sale | 89 sqm | $2,080,000 | $2,171 |
| Nov 2025 | 06-10 | Sub Sale | 97 sqm | $2,400,000 | $2,299 |
| Nov 2025 | 11-15 | Sub Sale | 130 sqm | $2,950,000 | $2,108 |
| Nov 2025 | 11-15 | Sub Sale | 89 sqm | $2,150,000 | $2,244 |
| Nov 2025 | 16-20 | Sub Sale | 45 sqm | $1,010,888 | $2,087 |
| Nov 2025 | 01-05 | Sub Sale | 130 sqm | $3,045,000 | $2,176 |
| Nov 2025 | 11-15 | Sub Sale | 60 sqm | $1,310,000 | $2,028 |
| Nov 2025 | 01-05 | Sub Sale | 46 sqm | $968,000 | $1,955 |
| Oct 2025 | 11-15 | Sub Sale | 60 sqm | $1,330,000 | $2,059 |
| Oct 2025 | 01-05 | Sub Sale | 99 sqm | $2,388,888 | $2,242 |
About Penrose
Penrose is a 99-year leasehold development with its lease commencing in 2019 and about 92 years remaining in District 14 (Geylang / Eunos / Paya Lebar), within the Rest of Central Region of Singapore. It is among the more actively traded apartment developments in the area, with 327 recorded transactions between 2021-06 and 2026-06, ranging from $888,000 to $3,180,000. The most recent transaction was a 89 sqm unit (floors 11-15) sold for $2,200,000 in 2026-06, and the median price is $2,000 per square foot. Prices here have risen sharply, by about 28.6% over the period (around 5.2% a year). Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold relativity ratio at 92 years remaining is 0.9578, an annual lease decay of about 0.15%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Penrose cost?
The most recent transaction at Penrose was $2,200,000 for a 89 sqm unit in 2026-06. The median price is $2,000 per square foot across 327 transactions, ranging from $888,000 to $3,180,000. Data sourced from URA.
Is Penrose freehold or leasehold?
Penrose is on a 99-year lease commencing in 2019, with approximately 92 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.15%.
What is the price per square foot (psf) at Penrose?
The median price at Penrose is $2,000 psf, with transactions ranging from $1,553 to $2,408 psf. This is based on 327 URA-recorded transactions in District 14.
Have prices at Penrose gone up or down?
Prices at Penrose have increased by approximately 28.6% over the data period (around 5.2% a year). The median price is currently $2,000 psf, with the most recent sale at $2,200,000 in 2026-06.