Official Preview Launch: Oct 2025

Penrith

A Signature Development in Queenstown

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Images are for illustrative purposes only and may not reflect the final design of Penrith.

District 3 in Focus: Resale Pricing Gaps & Exit Risk Assessment Strategy Featuring Penrith

Penrith, the new landmark by Hong Leong & GuocoLand, is set to redefine District 3. As the first Government Land Sale (GLS) launch in the area in over seven years, it presents a rare opportunity in one of Singapore’s most tightly held corridors. But with high demand comes high risk. This exclusive seminar is designed to equip you with the strategic framework to evaluate this launch—and all new launches in 2025—not on hype, but on hard data.

Event Details:

Penrith @ Margaret Drive — A New Chapter for Queenstown

Penrith is a new 462-unit condominium along Margaret Drive developed by Hong Leong and GuocoLand. Located in the heart of Queenstown, it sits within 5 mins’ walk from Queenstown MRT, surrounded by everyday essentials, schools, and quick city connections.

4 mins walk to Queenstown MRT on the East–West Line

3–6 MRT stops to Outram, Tanjong Pagar, Raffles Place & Marina Bay

Seamless access to AYE, PIE & CTE

Within 1km of Queenstown Primary & Secondary Schools

2- to 4-Bedroom Units with Full Condo Facilities

99-Year Leasehold in the heart of Queenstown

Jointly developed by Hong Leong and GuocoLand

Project Name Penrith
Developer Hong Leong Holdings & GuocoLand (Margaret Rise Development Pte Ltd)
Tenure 99 years Leasehold from 4 November 2024
District 3 (Queenstown)
Site Area 9,522.3 Sqm / 102,498 Sqft
Blocks 40 storeys
Total Units 462
Unit Mix 2- to 5-bedroom
TOP 1 April 2029 (non-commitment basis)
Target Preview 3 October 2025

Site Plan

Want the full breakdown of Penrith’s development layout and stack arrangement? Get the full overview here!

Project Gallery

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Floor Plans

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For Investors

4-min Walk to Queenstown MRT

strong rental demand from professionals in CBD & One-North

City-Fringe Location in D03

proven resilience and sustained buyer demand

First GLS Launch in Queenstown Since 2017

limited new supply drives scarcity premium

Strong Tenant Pool

Attracting professionals and long-term tenants seeking convenience

Surrounded by Established Amenities

malls like Anchorpoint, IKEA Alexandra, Queensway Shopping Centre nearby

Strong Educational Catchment

Queenstown Primary, New Town, Gan Eng Seng, Alexandra Primary nearby

Location Map

Connectivity & Amenities

Transport

Seamlessly linked to MRT and major expressways—ease of accessibility for both daily commutes and weekend travel

Retail and F&B

Within 1km radius of vibrant retail and dining clusters

Nature and Leisure

Close to parks, green connectors, and lifestyle hubs for recreation and wellness

Education

Within 1 to 2km of schools—adding significant value for families pursuing holistic education

Healthcare

Within minutes of established medical centres with comprehensive services

Trusted Developer with Proven Success

Hong Leong and GuocoLand are trusted names in the Singapore real estate market. Their extensive portfolio includes successful developments such as Lentor Mansion and Springleaf Residence. With Penrith, they continue their commitment to delivering high-quality, innovative residential projects.

Explore Penrith

Immerse yourself in the luxury and elegance of our latest development through our comprehensive media gallery

New Launch Signature Tour

Penrith: 7 Years in the Making – A Fresh Chapter for Queenstown

Penrith is designed with lifestyle and convenience in mind, featuring sky terraces, car-free facility zones, a multi-story clubhouse, tennis courts, and elevated pool decks. With close proximity to schools, tech hubs like One-North, and the future Greater Southern Waterfront, Penrith presents a compelling option for both on-stay buyers and investors looking at long-term lease reset strategies. Looking for a modern family home or a strategic entry into a high-demand enclave? Penrith’s thoughtful design, growth potential, and prime location make it one of the most compelling launches of 2025.

New Launch Analysis

Queenstown Warning: 18% of Buyers at a Nearby Project Lost Money — Here’s How to Avoid Their Fate at Penrith

This exclusive PLB on-demand webinar deconstructs the critical data behind this multi-million dollar cautionary tale and reveals the mathematical framework to identify true value and avoid the traps at the Penrith launch.

Site Plan Analysis

Floor Plan Analysis

How Will Penrith — Queenstown’s First Private Condo Launch in 8 Years — Perform in an Estate Now Defined by Its Record $1.7M HDB Flat?

Penrith makes its debut as the first new condominium launch in Queenstown since Stirling Residences in 2018, and it may be the most anticipated in years.
Backed by industry stalwarts GuocoLand and Hong Leong Holdings Limited, Penrith is set to preview in early October, bringing a rare high-rise residential offering to the heart of a mature and highly sought-after city-fringe estate.

Book Your Showflat Visit Today

Experience Penrith firsthand. Our consultants will guide you through the showflat and answer all your questions about this exciting new development.

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Images are for illustrative purposes only and may not reflect the final design of Penrith.

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CEA License Number: L3010958I