Project Overview
Penrith is a 99-year leasehold condominium by GuocoLand and Hong Leong Holdings at Margaret Drive, District 3. Featuring 462 units across two striking 40-storey towers, it is located just a 4-minute walk from Queenstown MRT in one of Singapores most established city-fringe estates.
Developer
Hong Leong Holdings Limited Hong Realty GuocoLand
Tenure
99-year Leasehold
District
Total Units
462
Jet's ALPHA Framework
AAccess
Penrith at Margaret Drive in D03 is approximately 280 metres from Queenstown MRT on the East-West Line, providing genuine doorstep MRT access. IKEA Alexandra, Anchorpoint, and Margaret Drive Hawker Centre are all within easy walking distance.
LLayout
Penrith is a single 40-storey tower of 462 units by Hong Leong and GuocoLand, offering exclusively 2-bedroom, 3-bedroom, and 4-bedroom configurations. The family-oriented unit mix and GFA-harmonised layouts deliver genuine internal living space.
PPremium
Penrith represents the first new private condominium launch in Queenstown in seven years, offering a fresh entry into one of Singapore's most established heartland estates with doorstep MRT access. The pricing is competitive within the RCR segment while delivering the convenience of a fully mature neighbourhood.
HHorizon
Queenstown benefits from continued renewal under URA's masterplan, with the Margaret Drive area earmarked for ongoing improvement. The deep HDB upgrader population in this well-established estate provides sustained demand over the long term.
AAsymmetry
New private supply in Queenstown is exceptionally rare due to limited development sites in this fully built-up estate. Penrith's combination of doorstep EWL MRT access and a massive surrounding upgrader catchment creates strong fundamental demand drivers.
Verdict
Queenstown's first private launch in seven years, 280m to MRT, in one of Singapore's most established and well-connected heartland estates.
Investment Analysis
Unit Mix & Pricing
10
2 Bedroom left
1
4 Bedroom Premium left
98%
Sold
Sold
451 / 462 Sold
(11 Available)
| Unit Type | Est. Size (sqft) | Availability | Starting Price |
|---|---|---|---|
| 2 Bedroom – (2)a | 614 | 10 units | $1.50M |
| 2 Bedroom Premium – (2)b | 678 | Sold Out | $1.67M |
| 3 Bedroom – (3)a | 786 | Sold Out | $1.97M |
| 3 Bedroom – (3)b | 850 | Sold Out | Enquire |
| 3 Bedroom Premium – (3)c | 936 | Sold Out | Enquire |
| 3 Bedroom Premium – (3)d | 1066 | Sold Out | Enquire |
| 4 Bedroom – (4)a | 1173 | Sold Out | $3.08M |
| 4 Bedroom Premium – (4)b | 1281 | 1 units | $3.94M |
* Sizes and availability are estimates.
Financial Tools & Calculators
Floor Plans
Location
QUEENSTOWN PRIMARY SCHOOL0.17km
NEW TOWN PRIMARY SCHOOL0.99km
GAN ENG SENG PRIMARY SCHOOL1.49km
ALEXANDRA PRIMARY SCHOOL1.89km
Hawker Centres
9 nearbyQueenstown Blk 159 Market
0.88kmMargaret Drive Hawker Centre
1.01kmTanglin Halt Market
1.16kmCommonwealth Crescent Market
1.27kmAlexandra Village Food Centre
1.27kmMRT Stations
4 nearby0.34kmQueenstown StationEW19
1.25kmRedhill StationEW18
1.28kmCommonwealth StationEW20
1.96kmNapier StationTE12
Shopping Malls
2 nearbyAnchorpoint
1.20kmTanglin Mall
1.92kmNearby New Launches
Other new developments within 2km of Penrith
Frequently Asked Questions
Where is Penrith located?
Penrith is located at Margaret Drive in D03, Singapore. Margaret Drive is in the heart of Queenstown, one of Singapore's most established and well-connected heartland estates, with IKEA Alexandra and Anchorpoint nearby.
What is the nearest MRT station to Penrith?
The nearest MRT station to Penrith is Queenstown MRT on the East-West Line, approximately 280 metres away. The East-West Line provides direct connectivity to key destinations across Singapore including the CBD, Orchard, and major employment hubs.
Who is the developer of Penrith?
Penrith is developed by Hong Leong Holdings Limited Hong Realty GuocoLand, a leading regional developer known for Guoco Tower, Midtown Modern, and Martin Modern, with a strong reputation for quality design and integrated developments.
Is Penrith freehold or leasehold?
Penrith is a 99-year leasehold development, the standard tenure for new condominiums built on Government Land Sale sites in Singapore. A fresh 99-year lease provides a full runway of long-term value for homeowners and investors.
What types of units are available at Penrith?
Penrith offers 2-bedroom to 4-bedroom configurations across 462 residential units, designed to cater to different household sizes and lifestyle needs. Prospective buyers are encouraged to view the showflat and floor plans for the full range of available layouts.
What amenities and facilities are near Penrith?
Residents of Penrith enjoy convenient access to nearby amenities. With Queenstown MRT nearby, residents can easily reach destinations across Singapore. The development also features its own condominium facilities for recreation and wellness.
What is the price range for Penrith?
Penrith is priced From $1,495,000, $2,437 - $2,623 psf. Contact us for the latest pricing and available units.
Can I use CPF for Penrith?
Yes, CPF Ordinary Account (OA) funds can be used for the downpayment and monthly mortgage of Penrith, subject to CPF withdrawal limits and valuation rules.
How do I get the best price for Penrith?
The best way is to do your homework before visiting the showflat. Compare the PSF against nearby projects, understand the unit mix, and know which stacks have better facing. I can walk you through all of this so you go in prepared.
Get Floor Plans & Pricing
Receive the full set of floor plans and latest developer pricing for Penrith.