2 Bedroom
S$1,788,000 – S$1,792,000
S$2,912 – S$2,919 psf
The development
About Penrith
Penrith is a 99-year leasehold residential development at 70 and 72 Margaret Drive, in the heart of Queenstown (District 3). The project comprises 462 units across two high-rise blocks, combining timeless design with modern comfort.
Residents are a 4-minute walk from Queenstown MRT, giving straightforward access to Orchard Road, the CBD, and destinations across the island. Daily life at Penrith is supported by a broad range of facilities spread across the ground level, a landscaped second-storey deck, and roof gardens at the 40th storey of each block.
Details
| Developer | GuocoLand /Hong Leong Holdings /Hong Realty |
| Address | Margaret Drive |
| Tenure | 99 years lease commencing from 04/11/2024 |
| Total units | 462 |
| District | D03 |
| Est. TOP | Q2 2031 |
| Project Name | Penrith |
| Project Type | Residential Highrise |
| Site Area | 9,522.3 m² |
| Launch Date | October 2025 |
Location & connectivity
Penrith Location
Penrith is situated at Margaret Drive in Queenstown, District 3. Queenstown MRT is a 4-minute walk away, connecting residents to Orchard Road, the CBD, and the wider MRT network.
The ring is 1 km from the project — about a twelve-minute walk. Map data from OneMap, © Singapore Land Authority.
MRT / LRT
Primary schools
Secondary schools
Hawker centres
MRT stations, schools, parks and hawker centres within 1 km. Distances are straight-line. Contains information from OneMap, © Singapore Land Authority.
Units
Penrith Units
Checked on 15/11/2026 · developer's prices via Huttons, subject to change
How much is sold
Sold to date
457 of 462
98%, as at Sep 2026
Sold in Sep 2026
2
units
| Month | Sold in month | Sold to date |
|---|---|---|
| Sep 2026 | 2 | 457 |
| Aug 2026 | 1 | 455 |
| Jul 2026 | 2 | 454 |
| Jun 2026 | 0 | 452 |
| May 2026 | 2 | 452 |
| Apr 2026 | 0 | 450 |
| Mar 2026 | 1 | 450 |
| Feb 2026 | 0 | 449 |
| Jan 2026 | 1 | 449 |
| Dec 2025 | 1 | 448 |
| Nov 2025 | 8 | 447 |
| Oct 2025 | 446 | 446 |
Units sold to date: URA developer sales survey, reported by developers (options to purchase issued), as at Sep 2026.
What buyers have actually paid
Median PSF
S$2,794
private condo developer sales, all recorded
Source: URA developer-sale caveats for this project, which URA records as private condo. Medians are per transaction, PSF on strata floor area; EC and private condo prices are never pooled. Projects whose plans were submitted from June 2023 measure strata area under URA's harmonised GFA rules, which leave out AC ledges and similar spaces, so their PSF is not like-for-like with older projects or resale.
Prices by unit size
| Size | Sales | Middle half of prices | Median PSF |
|---|---|---|---|
| 500 – 699 sqft | 151 | S$1,700,500 – S$1,865,500 | S$2,762 |
| 700 – 899 sqft | 117 | S$2,153,000 – S$2,328,000 | S$2,766 |
| 900 – 1,199 sqft | 153 | S$2,811,000 – S$3,340,000 | S$2,832 |
| 1,200 – 1,599 sqft | 38 | S$3,546,750 – S$3,806,250 | S$2,869 |
Developer (New Sale) caveats lodged with URA. The middle half is the 25th to 75th percentile price; a size band with fewer than 8 sales is not shown. PSF is on strata floor area as URA records it, which excludes voids for projects under URA's harmonised floor area rules (DC22-09) and may include them for older ones. Last updated Nov 2026.
Disclaimer: The floor plans, images, and other visuals are not to scale and are for illustration only. They are intended to provide a general idea of the layout and may not reflect actual dimensions or features. All information is subject to change. Accuracy of specifications or dimensions is not guaranteed.
Affordability
Can I afford a home at Penrith?
Know your numbers: what you can borrow, what each payment stage costs and, if you are selling an HDB flat first, how the timing works. Then you can decide quickly when your unit is released.
Site plan & elevation
Penrith Site plan
The site at Penrith spans 9,522.3 square metres and is organised across two residential blocks. Facilities are distributed across the ground level, a second-storey landscape deck, and roof gardens at the 40th storey of each block.
Facilities
Penrith Facilities
Pools & water
- Children's Play Zone (Rolling Lawn, Splash Pool approx. 35 m², Pool Pavilion with BBQ)
- Swimming Pool (water surface area approx. 825 m²)
- Pool Terrace
- Lake Pool Alcove
Fitness & wellness
- 3-Generation Fitness Zone
- Adult Fitness Zone
- Clubhouse — 2 storeys (Function Rooms x2, Library, Reading Room, Gym, Games Room, Lounge, Changing Rooms with steam…
- Spa Seats
Clubhouse & social
- Iris Lounge
- Roof Garden Block 70 — Outdoor Reading Lounge
- Roof Garden Block 72 — Juniper Lounge
Dining & BBQ
- Roof Garden Block 70 — Alfresco Dining with BBQ
- Roof Garden Block 72 — Sky Dining Terrace with BBQ
Children
- Children's Playground
- Early Childhood Development Centre (with playground, drop-off, and carpark)
Gardens & outdoors
- Garden Alcove
- Scented Garden Alcove
- Fern Garden Trail
- Picnic Lawns (3 nos.)
- Garden Gazebo
- Tea Pavilion
- Roof Garden Block 70 — Yoga Lawn
- Roof Garden Block 70 — Sunset Terrace
- Roof Garden Block 70 — Scented Garden
- Roof Garden Block 72 — Hammock Deck
- Roof Garden Block 72 — Horizon Terrace
- Roof Garden Block 72 — Stargazing Deck
Sport
- Arrival Court
- Tennis Court (1 no., Hard court)
Also on site
- Tranquility Patio
- Recreation Plaza
- Outdoor Camping Ground
- Pedestrian Side Gate (3 nos.)
- Guard House
- Aqua Deck
- Wading Deck
- Sun Deck
- Tea Tree Grove
- Water Lily Pond
- Rose Sanctuary
- Willow Lane
- Spice Trail
- Outdoor Reading Alcove
- Bicycle Park (Mezzanine level)
Brochure
Penrith Brochure
The Penrith brochure provides detailed information on unit layouts, facilities, and the development's location in Queenstown. Please register your interest to receive a copy.
Gallery
Penrith in pictures
The gallery showcases the architecture, landscaping, and facilities at Penrith, including the swimming pool, clubhouse, and roof garden spaces.
Artist's impressions and showflat photography — for illustration only.
About the developer
Penrith Developer
Penrith is jointly developed by GuocoLand, Hong Leong Holdings, and Hong Realty. GuocoLand is a regional property developer with a portfolio spanning residential, commercial, and integrated developments. Hong Leong Holdings and Hong Realty are established Singapore-based property companies with a long track record in residential development.
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| Penrith This project |
BLOOMSBURY RESIDENCES | Hudson Place Residences | UPPERHOUSE at Orchard Boulevard 傲杰嘉苑 | 19 NASSIM | PARK NOVA | THE HILL @ONE-NORTH | GRANGE 1866 | LYNDENWOODS | |
|---|---|---|---|---|---|---|---|---|---|
| Stage | Selling | Developer sales to Oct 2026 | Recently launched | Recently launched | Sold out | Developer sales to May 2026 | Sold out | Developer sales to Oct 2026 | Developer sales to Jul 2026 |
| District | D03 | D05 | D05 | D10 | D10 | D10 | D05 | D10 | D05 |
| Distance | — | 1.5 km | 1.5 km | 1.8 km | 1.8 km | 2.1 km | 2.2 km | 2.3 km | 2.3 km |
| Tenure | 99 years lease commencing from 04/11/2024 | 99-year leasehold | 99 years | 99 years | 99-year leasehold | Freehold | 99-year leasehold | Freehold | 99-year leasehold |
| Expected TOP | Q2 2031 | — | Q3 2029 | 2028 | — | — | — | — | — |
| Total units | 462 | 358 | 327 | 301 | 101 | 54 | 142 | 60 | 343 |
| Sold to date | 457 of 462 (98%) as at Sep 2026 |
323 of 358 (90%) as at Sep 2026 |
228 of 327 (69%) as at Sep 2026 |
249 of 301 (82%) as at Sep 2026 |
75 of 101 as at Mar 2025 |
54 of 54 (sold out) as at Sep 2026 |
141 of 142 as at Sep 2026 |
59 of 60 (98%) as at Sep 2026 |
343 of 343 (sold out) as at Sep 2026 |
| Sold last month | 2 Sep 2026 |
4 Sep 2026 |
7 Sep 2026 |
2 Sep 2026 |
4 Mar 2025 |
0 Sep 2026 |
0 Sep 2026 |
0 Sep 2026 |
0 Sep 2026 |
| Median PSF, last 12 months | S$2,929 | S$2,573 | S$2,485 | S$3,508 | — | — | — | — | — |
| Typical size (sqft) | 614 – 1,173 | 570 – 1,206 | 646 – 1,055 | 474 – 1,012 | 678 – 1,475 | 1,432 – 2,906 | 743 – 1,098 | 527 – 829 | 635 – 1,292 |
| Developer price list from | — | — | — | — | — | — | — | — | — |
Sold to date and sold last month are from URA's developer sales survey where the survey covers the project, otherwise from URA developer-sale (New Sale) caveats; PSF and sizes are caveats. Developer price-list figures are the developer's own, dated, and subject to change; they are never mixed into the URA columns. Distances are straight-line.
FAQ
Frequently Asked Questions
Penrith is on a 99-year leasehold tenure, commencing 4 November 2024.
Penrith comprises 462 units across two high-rise blocks at 70 and 72 Margaret Drive.
The expected TOP is Q2 2031.
Penrith is a 4-minute walk from Queenstown MRT station.
Penrith offers facilities across three levels: the ground floor includes a swimming pool (approximately 825 m² water surface area), tennis court, children's play zone with splash pool, outdoor camping ground, and an Early Childhood Development Centre. The second-storey landscape deck features a two-storey clubhouse with gym, function rooms, library, steam rooms, and landscaped gardens. Both blocks also have roof gardens at the 40th storey with spaces for dining, yoga, stargazing, and relaxation.
Yes, an Early Childhood Development Centre is located within the development at the first storey, complete with a playground, drop-off point, and carpark lots.
Penrith is jointly developed by GuocoLand, Hong Leong Holdings, and Hong Realty.
The site area of Penrith is 9,522.3 square metres.
Yes, both Block 70 and Block 72 have roof gardens at the 40th storey. Block 70's roof garden includes an outdoor reading lounge, yoga lawn, sunset terrace, scented garden, and alfresco dining with BBQ. Block 72's roof garden features a juniper lounge, hammock deck, horizon terrace, stargazing deck, and sky dining terrace with BBQ.
Penrith launched in October 2025.
No. A showflat viewing is free and there is no obligation. The developer has to build the show unit to the approved building plans and display a scaled location plan, site plan and project model, and a drawn-to-scale floor plan with the unit's area breakdown is displayed at the entrance.
"You will have to pay a booking fee of between 5% and 10% of the unit's purchase price to the developer", who then grants an Option to Purchase. The developer delivers the Sale and Purchase Agreement within 14 days of the Option, and you exercise the Option within 3 weeks of that delivery by signing and paying the balance of the 20% down payment. "If the OTP is not exercised before its expiry, the developer may forfeit 25% of the booking fee and refund 75% of the booking fee to you."
Instalments of the purchase price are paid at the completion of each construction stage, as certified by the developer's Qualified Person, on the schedule in the Sale and Purchase Agreement.
Source: URA Home Buyers' Guide — S&PA
No. Developers appoint agencies to market their projects, and the developer pays the agency; URA's guide notes that agents of the appointed agencies represent the developer's interests. CEA states there are no fixed commission rates and that an agent cannot collect commission from more than one party in the same transaction.
Sources: URA Home Buyers' Guide — Visiting a Show Flat · CEA — Buying or selling
David Ng Chun Fai, a salesperson with Huttons Asia Pte Ltd (CEA Registration Number R011998B; CEA Licence Number L3008899K). I run this website myself and handle every enquiry and viewing personally.
No. This is an independent property marketing website run by David Ng Chun Fai. It is not the developer's website and is not operated by the developer.
Yes. Huttons Asia Pte Ltd is an authorised marketing agency for Penrith, so its registered salespersons, including me, can market the project and arrange viewings. Huttons lists every project it is authorised to market on my Huttons profile.
Book a showflat viewing at Penrith
Leave your WhatsApp number — we confirm your viewing there and meet you at the showflat.
- Salesperson
- CEA Registration Number R011998B (opens in a new tab)
- Agency
- Huttons Asia Pte LtdCEA Licence Number L3008899K
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