City Developments Limited
Penrose Condo will jointly developed by City Developments Limited (CDL) and Hong Leong Group.
CDL is a household name that many Singaporeans are familiar with. With a long track record of 55 years, CDL is a worldwide real estate corporation with a presence in 29 countries and continents with its headquarters in Singapore. These places include Singapore, Thailand, United Kingdom, Japan, Australia, Japan and China.
CDL’s business involves developing residential apartments, commercial and industrial buildings. They also manage hotels, offices and service apartments too. Over the years, CDL has earned a strong reputation as a trusted developer through the properties they develop and manage, and the prestigious awards received.
Some of the other residential projects that CDL has developed are, the South Beach Residences, Amber Park, Whistler Grand, and New Futura.
Hong Leong Group
Hong Leong Group is the other developer in charge of developing Penrose. Similarly to CDL, the Hong Leong Group is one of the few local developers which has a long history of property development. management and investment in Singapore. Ever since they started out in 1968, Hong Leong Group has become one of the largest and established local developers in Singapore.
Their long track record include properties ranging from middle to high-end, offices, hotels, and commercial buildings. Their long establishment has also allowed them to gain a reputation of being reliable in terms of the quality furnishes and low defects of their residential developments. Future residents of Penrose will definitely be pleased with the well functional layouts provided.
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