Penrose
Sims Drive · D14 · Rest of central region · Apartment
The median sale at Penrose was $1,972,000 — $2,037 psf — across 292 transactions between Oct 2021 and Oct 2026. 99-year lease from 2019.
What it costs per month of lease
A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.
This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.
New sales, sub-sales and resales
A new sale is bought from the developer at a list price; a resale is negotiated. The gap between them is the clearest read on how much of a launch price is the launch.
| Kind of sale | Median price | Per sq ft | Sales |
|---|---|---|---|
| New sale | $2,172,500 | $1,698 psf | 66 |
| Sub-sale | $1,795,000 | $2,087 psf | 226 |
Year by year
The median moved up 32 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.
- 202127 sales$1699
- 202239 sales$1694
- 202312 sales$1905
- 2024102 sales$2052
- 202595 sales$2152
- 202617 sales$2247
Show the figures
| Year | Median price | Per sq ft | Sales |
|---|---|---|---|
| 2021 | $2,043,000 | $1,699 psf | 27 |
| 2022 | $2,290,000 | $1,694 psf | 39 |
| 2023 | $1,605,000 | $1,905 psf | 12 |
| 2024 | $1,568,000 | $2,052 psf | 102 |
| 2025 | $1,910,000 | $2,152 psf | 95 |
| 2026 | $2,168,888 | $2,247 psf | 17 |
What it rents for
URA’s median of rental contracts lodged at Penrose in 2026Q3, per square foot per month.
Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.
Other developments in D14
- Parc Esta · $2,203 psf
- Sims Urban Oasis · $1,807 psf
- Euhabitat · $1,394 psf
- Park Place Residences At Plq · $2,237 psf
- Simsville · $1,364 psf
- The Antares · $1,997 psf
- Vacanza @ East · $1,459 psf
- Waterbank At Dakota · $1,816 psf
Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.