Introduction
Singapore’s property market continues to witness new projects that balance modern architecture with lifestyle convenience, and Penrith by GuocoLand is one of the most anticipated launches in the pipeline. Developed in partnership with Hong Leong Holdings and Hong Realty, this 99-year leasehold condominium will rise along Margaret Drive in District 3, a neighborhood steeped in history yet constantly reinventing itself for modern living. Scheduled for VVIP preview in October 2025 and completion by 2029, Penrith is positioned as a standout development for homeowners and investors alike.
Location and Surroundings
What sets Penrith apart is its coveted location in Queenstown, a district that blends connectivity, heritage, and convenience.
- Transport Connectivity: Within a 2–4 minutes walk, residents can reach Queenstown MRT Station on the East-West Line. This provides seamless travel to Raffles Place, Tanjong Pagar, and Orchard Road. Additionally, Buona Vista Interchange nearby connects to the Circle Line, expanding travel options.
- Accessibility by Car: Drivers enjoy quick access to the Ayer Rajah Expressway (AYE) and Central Expressway (CTE), ensuring smooth commutes across the island.
- Nearby Amenities: The development is surrounded by shopping hubs such as Anchorpoint, IKEA Alexandra, and Queensway Shopping Centre, with Holland Village and Dempsey Hill offering dining and leisure options.
- Schools and Education: Families will find reputable institutions nearby, including Queenstown Primary School (within 1 km), Gan Eng Seng Primary, Crescent Girls’ School, and tertiary institutions like NUS and Singapore Polytechnic.
This combination of accessibility and amenities creates a highly desirable living environment.
Development Overview
Penrith sits on a site measuring about 102,497 sqft, with an estimated 462 residential units. The project is envisioned to offer a mix of unit sizes catering to singles, couples, and larger households.
Anticipated Features:
- Modern Architecture with sleek façade designs that integrate with the urban landscape.
- Unit Types likely ranging from compact 1-bedroom units to spacious 4-bedroom family homes and penthouses.
- Comprehensive Facilities such as a clubhouse, gym, swimming pools, landscaped gardens, BBQ decks, and function rooms.
- Smart Living Integration, including energy-efficient appliances and home automation for convenience.
By blending thoughtful design with functional layouts, Penrith is set to provide residents with both comfort and style.
Lifestyle and Living Experience
Living at Penrith means embracing the best of city-fringe convenience while enjoying tranquil residential spaces. The project emphasizes community-oriented living, with landscaped zones and social spaces encouraging interaction. Families will appreciate the child-friendly amenities, while professionals will benefit from quick connectivity to the CBD and nearby employment hubs like One-North and the Alexandra Business Corridor.
Investment Outlook
For investors, Penrith represents a compelling proposition. Acquired at S$497 million (S$1,154 psf ppr), analysts project a launch price starting around S$2,600 psf. Several factors bolster its investment potential:
- Prime Location – Few new launches in Queenstown make Penrith a rare opportunity.
- Strong Rental Market – Demand from expatriates, professionals, and students ensures steady rental yields.
- Urban Renewal – Ongoing rejuvenation of Queenstown and the Greater Southern Waterfront masterplan enhance long-term growth prospects.
- Developer Track Record – GuocoLand’s reputation for luxury developments like Martin Modern and Midtown Modern adds buyer confidence.
With limited supply and strong fundamentals, Penrith is expected to attract both homeowners and investors seeking capital appreciation.
Developer Expertise
GuocoLand’s portfolio reflects innovation, sustainability, and quality. Its collaboration with Hong Leong Holdings and Hong Realty on Penrith ensures a development that upholds high standards. Their track record of delivering award-winning residential and mixed-use projects highlights their ability to create spaces that are not only functional but future-ready.
Conclusion
Penrith at Margaret Drive represents the next milestone in Queenstown’s evolution as a premier residential district. With its strategic location, high-quality design, and strong developer backing, it stands out as an ideal choice for families, professionals, and investors alike. As its VVIP preview approaches in October 2025, Penrith promises to be one of the most sought-after launches in Singapore’s property market.
