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Penrith
Project Size: 462 Units
Bedrooms: 2BR, 3BR, 4BR
Penrith — Landmark New Launch at Margaret Drive, Queenstown
The first launch since Stirling Residences in 2018, Penrith is much anticipated development in the Queenstown estate. Minutes to Queenstown MRT — city-fringe luxury by GuocoLand & Hong Leong Holdings.
Discover Penrith in coveted District 3: modern design, curated amenities, and superb connectivity along Margaret Drive—ideal for homeowners and investors seeking strong rental appeal.
District 3 (Queenstown)
Near Queenstown MRT
Margaret Drive Address
GuocoLand · Hong Leong Holdings
🎥 Penrith Flythrough Animation
Get an exclusive first look at Penrith, the landmark new launch at Margaret Drive, Queenstown. This flythrough animation showcases the development’s modern design, lush landscaping, and premium facilities by GuocoLand & Hong Leong Holdings.
5 Reasons to Buy Penrith (Margaret Drive, Queenstown)
Looking for a city-fringe home with rental strength and capital growth potential? Penrith along Margaret Drive in District 3 delivers a rare blend of connectivity, lifestyle convenience, and long-term upside— all just minutes from Queenstown MRT (EW Line).
1) Prime District 3 City-Fringe Location
Queenstown is a mature, highly livable estate—urban accessibility with a calm residential vibe.
- Seamless connectivity: Short walk to Queenstown MRT for quick links to the CBD, Orchard, Jurong East.
- Everyday convenience: Near Queensway Shopping Centre, Anchorpoint, IKEA Alexandra, and supermarkets (Cold Storage, NTUC FairPrice).
- Food haven: Minutes to Alexandra Village Food Centre and Mei Ling Market for beloved local eats.
- Green escapes: Close to HortPark and the Rail Corridor for weekend strolls and cycling.
2) Blue-Chip Developers with a Track Record
Developed by GuocoLand in collaboration with Hong Leong Holdings, Penrith benefits from decades of design excellence, construction quality, and lifestyle-centric master-planning seen across award-winning projects island-wide.
- Quality you can trust: Thoughtful layouts, enduring materials, and meticulous detailing.
- Investor confidence: Strong brand equity and delivery track record support long-term value.
3) Lifestyle Amenities for Modern Living
While full specifications are to be unveiled, buyers can expect a refined suite of facilities shaped by the developers’ premium portfolio.
- Resort-style pool zones (lap + leisure), spa nooks, and elegant lounge pavilions.
- Well-equipped gym, flexible function rooms, and co-work corners for WFH convenience.
- Landscaped gardens, kids’ play areas, and BBQ terraces for weekend gatherings.
The neighborhood adds even more: proximity to Queenstown Primary School, Crescent Girls’ School, and recreational icons like the Singapore Botanic Gardens.
4) Strong Rental & Capital Growth Drivers
District 3 enjoys enduring demand from tenants and homebuyers due to its centrality and amenity stack. Penrith taps an extensive tenant pool from the CBD, one-north, NUH/NUS, and Mapletree Business City, while limited new supply in Queenstown supports pricing resilience.
- City-fringe advantage: Fast commutes attract professionals and families.
- Investment appeal: Favourable rentability and historically steady D3 price performance.
5) Long-Term Upside from the Southern Corridor
Penrith is well-placed to benefit from Singapore’s ongoing southern-corridor rejuvenation, including the transformative Greater Southern Waterfront vision. The emergence of new lifestyle, business, and recreational nodes across the south strengthens Queenstown’s desirability and supports long-range value creation.
For more information, you may also visit the official Penrith project site .
📋 Project Details – Penrith
| PROJECT DETAILS | |
|---|---|
| Developer | Hong Leong Holdings Pte Ltd & GuocoLand |
| Location / Address |
70 Margaret Drive, Singapore 149926 72 Margaret Drive, Singapore 149927 |
| District / Planning Area / Sub Zone | District 03 / Commonwealth / Margaret Drive |
| Tenure of Land / Lot No. | 99 years from 04 Nov 2024 / 05803T K03 |
| Expected Date of Handover | 01 Apr 2029 |
| Expected Date of Notice of Vacant Possession | 01 Apr 2031 |
| Expected Date of Legal Completion | 01 Apr 2034 |
| Site Area / Plot Ratio | 9,522.3 sqm / 102,497 sqft / Plot Ratio 4.2 |
| Early Childhood Development Centre | 500 sqm (R) |
| No. of Towers / Storeys |
2 Towers, 40 Storeys each 1 Basement Carpark 2 Levels of MSCP |
| No. of Units | 462 Units |
| Carpark Lots / Bicycle Lots |
376 Carpark Lots / 116 Bicycle Lots Basement: 228 + 3 Accessible Lots MSCP: 142 ECDC: 3 |
| Project Architect | ADDP Architects LLP |
| Landscape Architect | Coen Design International |
| Project Interior Designer | Axis ID Pte Ltd |
| Main Contractor | Lian Beng Group Pte Ltd |
Excellent Location – The Heart of Queenstown
In Singapore real estate, location is everything—and Penrith delivers a truly coveted address. Situated along Margaret Drive in District 3, this new launch sits at the intersection of history, lifestyle, and connectivity. Queenstown, one of Singapore’s oldest and most established estates, is renowned for its unique blend of heritage charm and modern conveniences. Today, the area has evolved into a vibrant, city-fringe hub that appeals to families, young professionals, retirees, and savvy investors alike.
🚇 Seamless Connectivity
Penrith’s Margaret Drive location puts you within a short stroll of Queenstown MRT (East–West Line). From here, residents enjoy direct links to key destinations: Raffles Place in just 15 minutes, Orchard Road in under 10 minutes, and Jurong East in 20 minutes. Whether you’re heading to the CBD, a weekend shopping trip, or Singapore’s second business district, travel is smooth and effortless.
The area is also well-supported by a network of bus routes along Margaret Drive and Commonwealth Avenue, while drivers will find major expressways like the AYE, BKE, and PIE conveniently accessible. This multi-modal connectivity ensures residents are always minutes away from work, leisure, and essential services.
🛍️ An Exquisite Array of Amenities
Living at Penrith means enjoying both convenience and connectivity. The development is just a short walk from Queenstown MRT, ensuring effortless access to the CBD, Orchard Road, and the rest of Singapore. Residents are also surrounded by an enviable mix of shopping, dining, and lifestyle options — all within a 1km radius.
Queensway Shopping Centre, famous for its unbeatable sportswear bargains, and Anchorpoint Shopping Centre with boutique retail and cafes, are both nearby. A quick trip down Alexandra Road brings you to the iconic IKEA Alexandra for stylish home furnishings, while Cold Storage and NTUC FairPrice supermarkets handle your daily groceries.
For food lovers, Alexandra Village Food Centre and the beloved Mei Ling Market serve up authentic hawker favourites — from silky Hainanese chicken rice to spicy bowls of laksa — right at your doorstep.
Nature enthusiasts will appreciate nearby parks like Alexandra Canal Linear Park and the scenic Rail Corridor, perfect for evening strolls, jogging, or cycling. This balance of city-fringe vibrancy and green escapes makes Penrith’s location especially desirable for families and professionals alike.
✨ Amenities Within 1km
- Malls & Eateries: Dawson Place, IKEA Alexandra, Alexandra Central, Anchorpoint, Margaret Drive Hawker Centre
- Parks & Recreation: Alexandra Canal Linear Park, Rail Corridor
🎓 Schools & Education
Families will find Penrith’s address especially attractive. Within the vicinity are established institutions such as Queenstown Primary School, Crescent Girls’ School, and Gan Eng Seng School, providing quality education options for different age groups. Younger children are well-served by reputable preschools like Children’s Cove and Small Wonder Preschool. For tertiary and higher learning, the National University of Singapore (NUS) is a short drive away, cementing Queenstown’s reputation as a true educational hub.
🌳 Green Spaces & Recreation
Despite its central location, Queenstown offers abundant greenery and recreation. Residents can enjoy HortPark, Singapore’s “Gardening Hub,” or cycle along the scenic Rail Corridor. The Alexandra Park Connector (PCN) runs right at Penrith’s doorstep (explore here), offering safe and connected routes for jogging, cycling, and leisure walks. A short drive also takes you to the Singapore Botanic Gardens, a UNESCO World Heritage Site, where tranquil lakes, themed gardens, and lush greenery provide the perfect weekend escape.
📍 Penrith Location Map
Penrith enjoys a prime address along Margaret Drive in Queenstown, District 3. The map below highlights its strategic location, surrounded by top amenities, schools, and seamless transport links.
📍 Penrith Google Map
Strategically located at Margaret Drive, Penrith is just minutes from Queenstown MRT with seamless access to the CBD, Orchard Road, and Jurong East. Explore its prime city-fringe address below:
🗺️ Penrith — Site Plan & Facilities (Official PDF)
View the official site plan. Zoom in to see facility labels and landscaping details.
🏡 Penrith Floor Plans & Unit Mix
Penrith offers a thoughtfully curated selection of 2-, 3-, and 4-bedroom layouts, designed for different lifestyles — from young professionals to multi-generational families. Each home maximises usable space, natural light, and comfort, with efficient layouts that suit modern living.
| Unit Type | Configuration | No. of Units | Size (sqft) |
|---|---|---|---|
| 2A | 2BR 1B | 76 | 614 |
| 2B | 2BR 2B | 78 | 678 |
| 3A | 3BR 2B | 78 | 786 |
| 3B | 3BR 2B | 39 | 850 |
| 3C | 3BR 2B * | 39 | 936 |
| 3D | 3BR 2B * | 38 | 1,066 |
| 4A | 4BR 2B * | 76 | 1,173 |
| 4B | 4BR 3B * | 38 | 1,281 |
* Selected 3BR and 4BR layouts include Yard + WC for added convenience.
📑 Penrith — Unit Mix (Official PDF)
Floor-by-floor unit distribution and bedroom mix across towers.
The Developers Behind Penrith
Penrith is proudly developed by two of Singapore’s most respected names in real estate— GuocoLand and Hong Leong Holdings. Together, they bring decades of experience, award-winning projects, and a shared vision for sustainable, high-quality developments.
🏙️ GuocoLand Limited
Listed on the SGX since 1978, GuocoLand is a regional property leader with operations across Singapore, China, Malaysia, and Vietnam, plus ventures in the UK and Australia. With over 36 premium residential projects completed in Singapore, GuocoLand is synonymous with architectural excellence and lifestyle innovation.
Their flagship Guoco Tower at Tanjong Pagar integrates Grade A offices, the luxury Wallich Residence, Sofitel Singapore City Centre, retail, and a lush urban park—setting new benchmarks for integrated living in Asia.
🏗️ Hong Leong Holdings Limited (HLHL)
Established in 1968, Hong Leong Holdings is a pioneer of Singapore’s real estate scene and the development arm of the Hong Leong Group. Over five decades, HLHL has built a diverse portfolio of residential, commercial, and industrial properties that have shaped the nation’s skyline. Hong Leong Holdings Limited (HLHL) is one of Asia’s largest and most successful diversified conglomerate, Hong Leong Group. A pioneer and major player in Singapore’s property market, HLHL holds an extensive portfolio of commercial and residential properties including executive condominiums, mass market, mid to high end developments in some of Singapore’s most coveted neighbourhoods. It has developed close to 100 residential properties and manages 8 commercial developments. Today, HLHL remains a much sought-after developer built on a strong reputation as a trusted builder of quality homes that caters to current trends and needs of the modern home buyer.
Iconic projects such as The St. Regis Residences Singapore and One Shenton reflect HLHL’s commitment to luxury, innovation, and design excellence, while commercial landmarks like Hong Leong Building highlight its lasting contribution to Singapore’s business district.
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