Penrith is a premium 99‑year leasehold condominium by GuocoLand, Hong Leong Holdings, and Intrepid Investments, located on Margaret Drive in Singapore’s mature Queenstown estate, District 3. Offfering 460 units across 1‑ to 4‑bedroom layouts (some sources mention up to five-bedroom) on a 102,500 sq ft site.
Factsheet
| Project Name | Penrith |
|---|---|
| Developer | Hong Leong Holdings / Guocoland |
| Address |
70 Margaret Drive S149926 72 Margaret Drive S149927 |
| District/Planning Area/Subzone | District 3 / Commonwealth / Margaret Drive |
| Total Units | 462 |
| No. of Towers / Storeys | 2 Towers of 40 Storeys |
| Unit Type | 2 to 4 Bedroom |
| Site Area / Plot Ratio | 9,522.35 SQM / 102,497 SQFT / 4.53 |
| Early Childhood Development Centre | 500 SQM |
| Carpark Lots / Bicycle Lots |
1 Level Basement – 228 lots (3 Accessible) 2 Levels of MSCP – 142 lots ECDC – 3 lots Bicycle Lots – 116 |
| Expected Date of Handover | 01 Apr 2029 |
| Expected Notice of Vacant Possession | 01 Apr 2031 |
| Expected Date of Legal Completion | 01 Apr 2034 |
| Project Architect | ADDP Architects LLP |
| Landscape Architect | COEN Design International |
| Project Interior Designer | AXIS ID Pte Ltd |
| Main Contractor | Lian Beng Group Pte Ltd |
Unit Mix
| Unit | Types | No. of Unit | Size | Unit | Types | No. of Unit | Size |
| 2A | 2BR1B | 76 Units | 614sqft | 3C | 3BR2B* | 39 Units | 936sqft |
| 2B | 2BR2B | 78 Units | 678sqft | 3D | 3BR2B* | 38 Units | 1066sqft |
| 3A | 3BR2B | 78 Units | 786sqft | 4A | 4BR2B* | 76 Units | 1173sqft |
| 3B | 3BR2B | 39 Units | 850sqft | 4B | 4BR3B* | 38 Units | 1281sqft |
Key Selling Points
- Prime City-Fringe Location: 4–5 minutes’ walk to Queenstown MRT with direct access to CBD and major employment hubs.
- Developed by Trusted Brands: Jointly developed by GuocoLand, Hong Leong Holdings, and Intrepid Investments.
- Rare New Launch in Queenstown: First new condominium in the mature estate in nearly 8 years – limited supply.
- Excellent Connectivity: Easy access to AYE, CTE, PIE and well-served by multiple bus routes.
- Abundance of Amenities: Near Anchorpoint, IKEA Alexandra, Queensway Shopping Centre, Dawson Place, and hawker centres.
- Close to Good Schools: Within 1km of Queenstown Primary; near Crescent Girls’, New Town Primary, and international schools.
- Strong Investment Potential: Located in a growth corridor with URA’s Greater Southern Waterfront & Dawson transformation nearby.
- Full Condo Facilities: Pool, gym, clubhouse, landscaped gardens, BBQ area, children’s playground, and smart home features.
- Proximity to Nature: Walk to Alexandra Canal Linear Park, Rail Corridor, and HortPark for outdoor recreation.
- Modern Architecture: Thoughtfully designed layouts, premium finishes, and eco-friendly features for urban living.