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.
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.
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.
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