Preview Date
TBC
Nos. of Units
460 units
Loan Tenure
99 Years
District
3
Penrith
20th June 2025
Latest Updates
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Penrith at Margaret Drive
PENRITH is undoubtedly a distinguished residential option located in proximity to Queenstown MRT. This development, thoughtfully designed for your comfort, features 462 contemporary units that vary from one to five bedrooms. Residents will benefit from convenient access to esteemed educational institutions, shopping centers, and major expressways, enhancing the efficiency of daily life. With opulent amenities such as swimming pools, a gymnasium, and picturesque sky lounges, Penrith Condo harmoniously blends urban connectivity with serene living. For those seeking a smart home in a lively yet tranquil community, this is the ideal choice.
About Margaret Government Land Sales (GLS):
A prestigious consortium Margaret Rise Development Pte Ltd comprising GuocoLand, Intrepid Investments (a unit of Hong Leong Holdings), and Hong Realty (part of the Hong Leong Group) has successfully secured the Government Land Sale (GLS) site at Margaret Drive with a top bid of $497 million. This translates to approximately $1,154 per square foot per plot ratio (psf ppr).
The 99-year leasehold parcel, located in the heart of Queenstown, spans 102,498 square feet and has a plot ratio of 4.2. It is zoned for residential use and is expected to yield about 462 private condominium units. The site attracted only two bids at the close of the tender on August 1, 2024, indicating a more cautious market sentiment amidst ongoing macroeconomic uncertainties.
Despite the muted competition, the winning bid came in around 5% higher than the second bid, which was submitted by a joint venture between Sing Holdings and Cedar Investments at $473.55 million, or $1,100 psf ppr. This reflects the confidence GuocoLand and Hong Leong have in the location’s long-term value and potential for strong residential demand.
The tender was part of the 1H2024 GLS Confirmed List, and the site had been launched for sale in May 2024. Its strategic location and development potential attracted interest from seasoned developers, though ultimately, only two parties submitted offers.
Read more about Penrith Developer.
Penrith
Project Details
Premium Residences in a Timeless Neighbourhood
| Development Name | Penrith |
|---|---|
| Developer | Margaret Rise Development Pte Ltd (Gucoland & Hong Leong) |
| Address | Margaret Drive |
| Tenure | 99 Yrs |
| Site Area | 9522.3 Sqm / 102498 Sqft |
| Est. TOP Date | 2029 |
| Total Residential Units | 462 Residential Units |
| Penrith Preview Date | 2025 |
Penrith Location Map
Modern Living, Heritage Charm – Penrith at Margaret Drive
Not many city-fringe developments offer the kind of seamless connectivity that Penrith at Margaret Drive provides. This property is exceptionally well-positioned for anyone who values swift and easy travel across Singapore. Whether you rely on public transportation or drive regularly, you will find your daily commute much more manageable here. Its access to various transportation modes means you stay connected to the city center and key hubs without hassle.
Proximity to MRT Stations
On foot, you are just a stone’s throw from Queenstown MRT station, located on the East-West Line. This convenient proximity places you within a few minutes’ walk of a transit node that connects you directly to major business districts like Raffles Place, Jurong East, and Buona Vista. It’s perfect if you commute daily to the CBD or work in the western parts of Singapore. You won’t need to worry about long journeys or multiple transfers, as this route is among the most efficient in the city.
Your lifestyle will benefit significantly from Queenstown MRT’s role as a strategic interchange stop surrounded by other key stations such as Outram Park, City Hall, and Jurong East. These connections enable easy travel in all directions, granting you the freedom to reach work, entertainment, or leisure destinations effortlessly. For those who commute frequently, this can translate into substantial time saved, making Penrith a practical choice for working professionals and families alike.
The MRT’s robust connectivity also means you have direct access to Singapore’s extensive rail network, making weekend getaways or trips to neighboring regions less stressful. Plus, when you stay near a station like Queenstown, you get to enjoy the benefits of reduced travel costs and lower dependence on private vehicles. This accessibility enhances your quality of life, freeing up more time for what matters most to you.
Bus Services and Major Roads
Between the well-served bus routes along Commonwealth Avenue and Alexandra Road, Penrith ensures efficient access to many key areas of Singapore. Buses connect you directly to places like Orchard Road and the CBD, supplementing the MRT network and providing flexible travel options. These bus services support a wide range of schedules, making public transport a reliable choice for your daily needs.
When you drive, you can reach major expressways like the Ayer Rajah Expressway (AYE), Bukit Timah Expressway (BKE), and Pan-Island Expressway (PIE) quickly. These roads facilitate smooth travel across the island, whether you are commuting to work, heading to the airport, or exploring other parts of Singapore. Your journeys will be less stressful, thanks to Penrith’s strategic location near these thoroughfares.
The neighborhood’s layout and transport links are designed to minimize traffic bottlenecks and reduce travel times. For residents, this means easier access to amenities and services not just in Queenstown but throughout the city and beyond. In all, you can enjoy a flexible lifestyle with the freedom to move around Singapore with ease.
In fact, the integration of bus routes and expressway access means you are well-connected whether you prefer public or private transport. This dual advantage suits various lifestyles, from those who work downtown to those who run errands around the island. As a resident, you benefit from a balanced transportation environment that prioritizes convenience and accessibility.
Future Transportation Developments
Across the coming years, Penrith’s connectivity is set to improve even further with planned transportation upgrades in the surrounding areas. The government continues to invest in enhancing the public transit network, ensuring that you will have better options to travel swiftly and comfortably. These developments will likely increase property value and improve your overall living experience.
One exciting prospect is the potential expansion of MRT lines and bus services around Queenstown. As new residential and commercial projects arise, transportation infrastructure will adapt to meet increased demand. This foresight means you can expect enhanced frequency of services and possibly new stations within short distances, making your travel options more diverse and convenient.
Equally important are improvements to road networks and expressways nearby, designed to handle higher traffic volumes without compromising safety. These upgrades will reduce congestion during peak hours and offer you a smoother drive if you own a vehicle. Your daily commute or weekend drive will become less stressful, letting you enjoy more time at home or with loved ones.
Margaret Drive stands to benefit significantly from these future transportation plans, maintaining its status as a prime city-fringe location. With ongoing improvements, you can look forward to quicker travel times and reduced travel stress, whether you are heading to work, school, or leisure destinations. These factors make Penrith not only a comfortable home today but a smart investment for tomorrow.
Penrith Developer
The success of Penrith at Margaret Drive is significantly influenced by the credibility and stature of its developer, Margaret Rise Development Pte Ltd. This joint venture combines the complementary expertise of two of Singapore’s most respected real estate powerhouses—GuocoLand and Hong Leong Holdings. Together, they bring you a blend of innovation, reliability, and proven results that add great value to your new home. Understanding the background and accomplishments of these entities helps you appreciate why Penrith Condo is positioned to become a standout in the Queenstown area.
Company Background and History
The story of GuocoLand is one of steady growth and regional influence. As a public-listed entity and a subsidiary of Guoco Group Limited, it carries a long legacy in shaping some of Singapore’s most iconic urban spaces. You will find that GuocoLand’s projects often balance cutting-edge design with liveability, a combination seen in developments like Guoco Tower and Midtown Modern. These projects are not just buildings; they are thoughtfully created urban ecosystems where residents can live, work, and play in harmony.
Hong Leong Holdings Limited (HLHL) complements this with its deep roots in Singapore’s property market dating back to 1968. HLHL has developed nearly 100 residential properties, earning a reputation for its commitment to quality and sustainability. When you consider purchasing a home developed by HLHL, you are tapping into decades of experience in creating residences that combine practical function with luxurious living spaces. The company’s forward-thinking approach ensures projects that remain relevant and desirable for years to come.
Together, GuocoLand and Hong Leong Holdings fuse their strengths under the banner of Margaret Rise Development Pte Ltd. This partnership enhances your confidence in Penrith’s delivery, as the development benefits from robust financial support, expert project management, and a vision that emphasizes architectural excellence and sustainability. These combined qualities serve to offer you a home that represents long-term value and a superior living experience in Queenstown.
View And Download Penrith Floor Plan
Penrith Condo Location Highlights at Margaret Drive
Penrith Condo enjoys a prime location along Margaret Drive in the heart of Queenstown. This mature estate is well-loved for its rich heritage, excellent transport links, and abundance of amenities. The area offers a seamless mix of convenience, comfort, and lifestyle options for families, professionals, and investors alike.
Excellent Shopping Options
Living at Penrith means having top shopping spots just minutes away. Residents can shop for daily needs at Dawson Place, a short walk from home. Anchorpoint and Queensway Shopping Centre offer fashion, electronics, and food outlets. For home furnishings and groceries, the iconic IKEA Alexandra is nearby. Whether it’s everyday shopping or weekend retail therapy, everything is close and accessible.
Dining Delights for Every Taste
The Margaret Drive area is a food lover’s paradise. Local food centres like Mei Ling Market and Alexandra Village Food Centre serve up delicious hawker fare. Nearby cafés and bakeries at Dawson add a modern twist to the area’s food scene. From heritage eats to hip cafes, there’s something to satisfy every craving just around the corner.
Reputable Schools Around the Corner
Families will value the many education options nearby. Top schools such as Queenstown Primary, New Town Primary, and Alexandra Primary are all within a short distance. Secondary schools include Queenstown Secondary, Queensway Secondary, and Crescent Girls’ School. For expatriate families, respected international schools such as Tanglin Trust, Invictus International, and Melbourne International School are easily reachable.
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ROADS & CONNECTIVITY
- Queenstown MRT Station (EW19)
- Redhill MRT Station (EW18)
- Commonwealth MRT Station (EW20)
- Napier MRT Station (TE12)
- Ayer Rajah Expressway (AYE)
- Pan-Island Expressway (PIE)
- Commonwealth Avenue
- Margaret Drive
- Strathore Avenue
RECREATION, FOOD & SHOPPING
- Dawson Place
- Anchorpoint
- Alexandra Central Mall
- Queenstown Shopping Centre
- Depot Heights Shooping Centre
- The Star Vista
- Tanglin Mall
- Fusionpolis
- Holland Village
- The Oasis
SCHOOLS
- Queenstown Primary School
- Gan Eng Seng Primary School
- New Town Primary School
- Alexandra Primary School
- Blangah Rise Primary School
- Zhangde Primary School
- Fairfield Methodist School (Primary)
- Nanyang Primary School
- Radin Mas Primary School
- Anglo-Chinese JC
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Penrith REVIEW –
Your Next Chapter Begins at Penrith
Penrith at Margaret Drive presents an exceptional option for you seeking a new home that harmonizes city living with comfort. This development is a joint venture between some of Singapore’s most reputable developers—Intrepid Investments, Hong Leong Holdings Limited, and GuocoLand Limited. Located in the vibrant Queenstown area, the condo sits on a generous 102,498 sq ft site and offers 462 well-designed units. These range from practical one-bedroom apartments to spacious five-bedroom homes, catering to a broad spectrum of lifestyle needs.
Among its many advantages is its direct proximity to Queenstown MRT Station on the East-West line, ensuring that your daily commute and travel around the city remain effortless. With a leasehold tenure of 99 years and a plot ratio of 4.2, the development promises a balanced environment of density and openness. You will find yourself immersed in a neighbourhood enriched with greenery, established schools, retail malls, and myriad dining options, all within easy reach. This makes Penrith suitable whether you are starting a family, working professionally, or investing for the future.
In terms of lifestyle, Penrith does not disappoint. Extensive facilities, including swimming pools, a fully-equipped gym, BBQ pits, and outdoor spaces, foster a community spirit while providing areas for relaxation and recreation. The design of each unit incorporates advanced Smart Home technology, maximizing your convenience and comfort every day. All these qualities combine to make Penrith a landmark development that embodies modern city-fringe living.
Architectural Design and Theme
Design at Penrith at Margaret Drive focuses on blending modernity with a touch of heritage charm. Its thoughtfully planned architecture embraces contemporary urban aesthetics without compromising the warmth and tranquility that you value in a home. The condominium’s elevated structure is complemented by lush landscaping, encouraging a seamless connection with the natural surroundings right in the heart of Queenstown.
The development’s facade features clean lines and tasteful materials, creating a timeless appeal that suits a variety of personal tastes. Inside, the units are crafted to be functional and elegant, with each space optimized for natural light and ventilation. This attention to detail addresses your need for a comfortable living environment that supports your busy lifestyle while still offering sanctuary at the end of the day.
As you explore the amenities, you will notice a synthesis of form and function designed to enhance your living experience. Sky lounges and viewing decks provide panoramic views of the city skyline, reinforcing the development’s urban appeal. Meanwhile, expansive communal gardens and children’s play areas add a sense of community and calm, ensuring that whether you seek solitude or social interaction, there is a space tailored for you.
Development by top-tier firms such as GuocoLand and Hong Leong Holdings guarantees that the architectural theme is not only visually impressive but also built to last with quality construction standards and sustainable practices. This commitment ensures your home will retain its value and charm far into the future.
Project Timeline and Completion
Penrith at Margaret Drive is projected to be completed and receive its Temporary Occupation Permit (TOP) by 2029. This timeline gives you a clear perspective on when you can expect to move into your new residence or begin leasing your property. The well-planned construction schedule also reflects the professionalism and reliability of the developer team, highlighting their dedication to timely delivery without compromising quality.
Throughout the development process, you can expect high standards of workmanship and effective project management. Given the scale of 462 units and the extensive facilities planned, a methodical approach is vital to maintain consistency and uphold safety. Your investment is thus safeguarded by the experience and track record of the joint developers—Intrepid, Hong Leong, and GuocoLand—who are known for executing large-scale projects successfully.
Moreover, the advance notice of completion allows you ample time to make necessary preparations, whether that involves planning your move, organizing financing, or coordinating with property agents. The clear schedule also instills confidence that the property will comply with all regulatory requirements and be ready for occupation within the promised timeframe.
In fact, the developers’ transparency and adherence to deadlines reflect their reputation for trustworthiness in the Singapore real estate market. This means you can proceed with your purchase or rental plans knowing you are in capable hands, backed by solid project governance and accountability.
- Penrith is a new 99-year leasehold condo located on Margaret Drive, Queenstown, close to Queenstown MRT station.
- The development offers 462 units ranging from one to five bedrooms, designed with modern interiors and smart home features.
- Residents can enjoy extensive facilities such as swimming pools, a gym, BBQ areas, function rooms, and landscaped gardens.
- It boasts excellent connectivity with nearby MRT interchanges and major expressways like AYE, PIE, and BKE.
- The surrounding area is rich in amenities, including schools, shopping malls like Dawson Place and Anchorpoint, and the famous Margaret Drive Hawker Centre.
- The project is developed by a strong partnership between Intrepid Investments, Hong Leong Holdings, and GuocoLand, known for quality and innovative developments.
- Penrith’s location offers a peaceful city-fringe lifestyle with convenient access to both urban hubs and green spaces.
Penrith Unit Type
1 bedroom
1 Bedroom
2 bedroom
2 Bedroom
3 bedroom
3 Bedroom
4 bedroom
4 Bedroom
5 bedroom
5 Bedroom
Penrith At Margaret Drive offers a versatile range of unit types that cater to the diverse needs of city dwellers. Whether you are a single professional looking for a comfortable space or a growing family needing more rooms, there is a home that fits your lifestyle perfectly. The development thoughtfully includes options from cozy one-bedroom units to expansive four-bedroom layouts, all crafted to maximize livability and comfort.
Penrith Facilities
Penrith offers you an impressive array of recreational amenities designed to enrich your lifestyle. The condominium features two luxurious swimming pools, providing perfect spots for relaxation, socialising, or a refreshing dip after a long day. Surrounded by landscaped gardens, these pools are an inviting retreat, allowing you to unwind while enjoying the lush green environment. Whether you’re looking to bask in the sun or swim laps, the setting here blends serenity with style.
In addition to the pools, you will find thoughtfully designed BBQ pits and multiple function rooms. These spaces are ideal for hosting family gatherings, celebrations, or casual meetups with friends. The BBQ pits encourage community bonding and create inviting spots for you to share delicious meals. Function rooms are spacious and versatile, enabling you to personalise your events with ease and convenience.
The development also includes beautifully maintained children’s play zones, ensuring that younger residents have safe and engaging spaces for outdoor fun. These areas are nestled within the garden spaces, so you can keep a watchful eye while enjoying your own leisure time. Penrith is clearly crafted to suit your needs, whether you’re spending quiet moments alone or enjoying vibrant social activities with neighbours and loved ones.
Fitness and Wellness Features
After a busy day, you can recharge with the fully-equipped gymnasium that Penrith proudly offers. The gym caters to a wide range of fitness needs, from strength training to cardio workouts, giving you the flexibility to maintain your exercise routine without leaving home. Modern and well-planned, the gym’s layout ensures comfort and motivation, helping you stay committed to your health goals.
The development also presents sky lounges and viewing decks, where you can relax and enjoy panoramic views of the city skyline. These elevated spaces encourage you to connect with nature and find moments of peace amid the urban rush. Perfect for morning stretches, meditation, or simply soaking in sunsets, these wellness areas add a calming dimension to your busy life.
Landscaped gardens surrounding the complex offer tranquil walking paths and green spaces to promote mental and physical wellness. Whether you prefer an energising jog or a leisurely stroll, these outdoor areas support your wellbeing by blending natural beauty with urban convenience. At Penrith, your fitness and wellness journey is thoughtfully supported at every turn.
The variety and quality of fitness and wellness features at Penrith reflect the developer’s strong commitment to creating an all-encompassing living environment. With state-of-the-art equipment in the gym and serene spaces for relaxation, you can expect a balanced lifestyle focused not just on physical health but also mental clarity. All of these facilities encourage you to embrace an active, healthy way of living right at your doorstep.
Security and Safety Measures
By prioritising your safety and peace of mind, Penrith integrates advanced security measures throughout the condominium. A secure gated entrance ensures only authorised access, giving you confidence that your home environment is protected. The use of access card systems further restricts entry to residents and their trusted visitors, enhancing overall security.
In addition, the development employs comprehensive 24-hour security surveillance. Strategically placed CCTV cameras monitor common areas and perimeter boundaries, deterring unwanted activity and enabling prompt response in case of incidents. This constant watch contributes to a safe, well-guarded community environment where you can feel secure at all times.
Security personnel are also present to oversee day-to-day safety operations. Trained guards conduct regular patrols, providing an additional layer of protection. Their presence not only enhances security effectiveness but also offers residents a reassuring human element, ready to assist in emergencies or address safety concerns promptly.
In addition to these measures, Penrith incorporates well-designed lighting in all common areas and pathways to prevent dark spots where hazards might occur. Emergency protocols and clearly marked escape routes are also part of the complex’s safety planning, ensuring that you and your family are prepared should any event arise. Overall, the security framework at Penrith aims to create a trustworthy, secure living environment where your wellbeing is safeguarded.
Penrith Amenitites
Penrith Developer Prices
Penrith Pricing will be updated periodically. Register your interest to receive Price List
1 Bedroom
$
2 Bedroom
$
3 Bedroom
$
4 Bedroom
$
5 Bedroom
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Penrith Showflat
Showflat Timeline
- Preview Date: 2025
- Booking Date: 2025
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Penrith Frequently Asked Questions (FAQ)
A:
Penrith is located at Margaret Drive in Queenstown, Singapore. It is just a short walk from Queenstown MRT Station on the East-West Line, providing excellent connectivity to key areas in the city
A:
Penrith is developed by Margaret Rise Development Pte Ltd, a joint venture between GuocoLand Limited and Hong Leong Holdings Limited. Both developers have strong reputations and extensive experience in Singapore’s property market.
A:
Penrith offers 462-units and a variety of unit types to suit different lifestyles. These include 1-bedroom units for singles and investors, 2-bedroom units ideal for young couples, and larger 3- and 4-bedroom units for families or multi-generational living.
The expected TOP (Temporary Occupation Permit) is in 2029.
A:
The development is near several educational institutions including Queenstown Primary School, New Town Primary School, Alexandra Primary School, as well as secondary schools like Queensway Secondary School and Crescent Girls’ School. There are also international Schools such as Tanglin Trust, Invictus International, and Melbourne International School and special education schools nearby.
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