Penrith, an eagerly anticipated luxury residential development, is poised to reshape urban living on Margaret Drive, nestled within Singapore’s venerable Queenstown estate. This prestigious approximately 462-unit, 99-year leasehold project is the result of a powerful collaboration between industry titans GuocoLand, Hong Leong Holdings Limited, and Intrepid Investments. Its arrival marks a significant milestone, being the first new launch in the immediate vicinity since the highly successful Stirling Residences in 2017/2018, thereby positioning Penrith as an iconic addition to a district renowned for its harmonious blend of urban convenience and heartland tranquillity. With an expected Temporary Occupation Permit (TOP) in late 2029 and an anticipated VVIP preview in October 2025, Penrith is meticulously designed to appeal to a diverse demographic, from discerning urban professionals seeking connectivity to families desiring modern living spaces, all within a mature and vibrant community. Its market entry is a strategic response to the growing demand for quality residences in the Rest of Central Region (RCR), promising a lifestyle that combines luxury with practicality.
This comprehensive review delves into Penrith’s multifaceted appeal, examining its strategic location, innovative site planning, thoughtfully designed unit configurations, and the compelling investment and family value it presents. We will explore how this development aligns with the Urban Redevelopment Authority (URA) Master Plan for Queenstown, highlighting its potential for capital appreciation and its role in the district’s ongoing transformation. By drawing parallels with the developers’ award-winning past projects, we aim to provide an authoritative insight into the anticipated quality and lifestyle benefits that Penrith is set to deliver. This analysis serves as a trusted guide for prospective homeowners and astute investors, offering a balanced perspective on what makes Penrith a truly remarkable new launch opportunity in Singapore’s dynamic real estate landscape.
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Below is a summary of Penrith’s key project details, offering a quick overview of its core characteristics.
| Feature | Detail |
|---|---|
| Project Name | Penrith |
| Address | Margaret Drive, Queenstown |
| District | D03 (Commonwealth / Alexandra) |
| Developer | GuocoLand, Hong Leong Holdings Limited, Intrepid Investments |
| Tenure | 99-year Leasehold |
| Site Area | Approx. 102,497.1 sq ft (9,522.3 sqm) |
| Number of Units | Approx. 462 |
| Expected TOP | Late 2029 |
| Anticipated VVIP Preview | October 2025 |
| Indicative Launch Price | S$2,400 – S$2,700 psf (Experts project S$2,500 – S$2,600 psf) |
This table highlights Penrith’s prime city-fringe location, reputable developer backing, and strategic entry into a mature estate, underscoring its foundational strengths as a new launch.
Penrith is a collaborative masterpiece by GuocoLand, Hong Leong Holdings Limited, and Intrepid Investments, three names synonymous with excellence and innovation in Singapore’s property sector. Their collective experience and unwavering commitment to quality are evident in their diverse portfolios, which include environmentally sustainable and award-winning developments that consistently push the boundaries of urban living.
GuocoLand, a leading property developer listed on the Singapore Exchange, is renowned for its transformative, integrated developments. Its flagship projects such as Guoco Tower in Tanjong Pagar and the upcoming Guoco Midtown in Bugis are testaments to its vision of creating vibrant, self-contained communities. These developments seamlessly integrate Grade A offices, F&B retail spaces, luxury residences like Wallich Residence, and five-star business hotels, demonstrating a holistic approach to urban planning. GuocoLand’s expertise in master developer roles in areas like Tanjong Pagar and Lentor further solidifies the expectation of thoughtful design, efficient layouts, and extensive, biophilic landscaping, as seen in projects like Lentor Mansion.
Hong Leong Holdings Limited, a privately-held property giant, boasts a rich legacy of developing a wide spectrum of properties, from residential to commercial and industrial projects. Its portfolio includes acclaimed residential developments such as Penrose and The Meyerise, which are known for their quality finishes and well-conceived living spaces. Their joint ventures, including the recent Lentor Mansion, consistently showcase integrated smart home systems, controlling aspects such as digital locksets, air conditioning, and lighting, suggesting similar advanced features for Penrith. This combined expertise ensures that Penrith will not only be aesthetically pleasing but also highly functional and integrated within its environment.
Penrith’s fundamental unique selling proposition (USP) lies in its promise to deliver a balanced lifestyle, encapsulating both urban convenience and the serene tranquillity of a mature heartland estate. This blend is central to its appeal, offering residents the best of both worlds and setting a new benchmark for luxury living in Queenstown. The developers’ stellar track record instils confidence that Penrith will embody superior quality, innovative design, and a refined living experience, building on their legacy of creating enduring value and desirable homes.
Penrith’s strategic positioning on Margaret Drive within the mature Queenstown estate is arguably its most compelling asset, offering an exceptional confluence of urban convenience and the tranquil charm of a long-established neighbourhood. Queenstown, Singapore’s first satellite town, boasts a rich heritage and a continually evolving urban fabric, making it a highly desirable residential precinct. This duality of vibrant city-fringe living and serene community spaces is meticulously woven into the fabric of Penrith’s value proposition.
The area’s sustained demand for non-landed private residential properties, evidenced by the healthy resale market performance of Stirling Residences, with units transacting at an average of S$2,386 psf over the past six months, and a range of approximately S$2,108 to S$2,681 psf in recent transactions, underscores the robustness of the Queenstown market and sets a positive precedent for Penrith’s potential appreciation. This consistent performance in the resale market highlights the inherent value and desirability of Queenstown as a residential choice. The ongoing rejuvenation efforts within the estate, guided by the URA Master Plan, further enhance its long-term appeal for both owner-occupiers and savvy investors, promising a dynamic and future-ready living environment.
For residents of Penrith, unparalleled connectivity is a daily reality, a crucial factor for modern urban lifestyles. The development boasts excellent public transport links, being a mere 2-4 minute sheltered walk to Queenstown MRT Station (EW19) on the East-West Line. This provides direct and efficient access to Singapore’s core employment hubs.
For instance, the Central Business District (CBD) and Marina Bay Financial Centre (MBFC) are typically just a 10-15 minute train ride away, significantly reducing commute times for urban professionals and enhancing their work-life balance. Furthermore, the East-West Line offers convenient connections to other major business nodes such as One-North, a vibrant research and business park housing numerous technology and biomedical companies, and Jurong East, earmarked as Singapore’s second Central Business District, offering further employment and lifestyle opportunities. The strategic location also places Penrith just two stops from Buona Vista MRT Interchange, providing seamless access to the Circle Line and expanding residents’ rail network options across the island.
For those who prefer to drive, Penrith offers equally convenient access to major expressways. The Ayer Rajah Expressway (AYE) and Central Expressway (CTE) are easily accessible, ensuring seamless travel to various parts of Singapore. Premier shopping destinations like Orchard Road and the CBD are approximately a 10-15 minute drive, highlighting the development’s enviable city-fringe advantage and making weekend excursions or daily commutes effortless. This multi-modal connectivity ensures that residents can navigate Singapore with utmost ease, whether for work, education, or leisure.
Within a mere 1km radius of Penrith, residents are spoilt for choice with a diverse array of shopping, dining, and lifestyle amenities that enrich daily life, catering to every need from daily essentials to leisure pursuits. Dawson Place offers a convenient stop for everyday groceries and services, while the iconic IKEA Alexandra and Alexandra Central provide extensive retail options, from home furnishings and electronics to fashion and F&B. Anchorpoint, a well-loved neighbourhood mall, further expands the selection of retail stores, dining establishments, and services.
For those who appreciate authentic local flavours and a vibrant culinary scene, the nearby Margaret Drive Hawker Centre is a significant draw, promising a rich tapestry of local delights. Other nearby options include Queensway Shopping Centre, known for its sporting goods, and Mei Ling Market. This comprehensive suite of amenities ensures that residents have unparalleled access to everything they need, from daily groceries and household items to diverse dining experiences and leisure activities, all within easy reach, fostering a truly convenient and fulfilling lifestyle that celebrates both modern retail and traditional community hubs.
Beyond its urban conveniences, Penrith delivers on its promise of heartland tranquillity through its close proximity to nature and extensive recreational facilities. The Alexandra Canal Linear Park and the Rail Corridor are both within easy reach, offering residents lush green spaces perfect for leisurely strolls, cycling, jogging, and various outdoor activities. The Rail Corridor, in particular, is being progressively developed into a multi-functional green spine that connects various nature areas, providing an expansive green lung that enhances community and recreational pursuits, encouraging a healthier, more active lifestyle.
This commitment to green living is further reinforced by the URA Master Plan for Queenstown, which outlines future developments focused on integrating more green spaces, pedestrian-friendly pathways, and sustainable architecture. Plans for additional parks, playgrounds, and community gardens will foster an active and healthy outdoor lifestyle, while the expanded Alexandra-Queensway Park Connector will further enhance connectivity to other significant green destinations like HortPark, the Southern Ridges, and the future Round Island Route. These initiatives will further elevate Queenstown’s reputation as a garden town, providing residents of Penrith with an abundance of natural respite from urban life. For new launch buyers, Penrith’s location offers a highly desirable lifestyle where the efficiency of city living is harmoniously balanced with the peace and recreational opportunities of nature, making it an attractive long-term residence and an investment in well-being.
For families with children, Penrith’s location in Queenstown offers exceptional access to a wide array of reputable educational institutions, catering to all stages of a child’s academic journey. Within a 1km radius, highly sought-after primary schools such as Queenstown Primary School provide convenient access for young learners, a critical factor for many parents during the primary school enrolment exercise. Other reputable primary schools within a 2km radius include Gan Eng Seng Primary School and Alexandra Primary School, offering additional choices for families.
Beyond primary education, the area is also home to respected secondary schools like Crescent Girls’ School and Queensway Secondary School. For older students, Penrith’s excellent connectivity allows easy access to junior colleges and tertiary institutions such as Anglo-Chinese Junior College, Singapore Polytechnic, and the National University of Singapore (NUS), which is a short distance away in the One-North vicinity. This comprehensive educational ecosystem, from foundational learning to higher education, makes Penrith an ideal long-term home for growing families, ensuring that educational needs are well-catered for within a convenient and supportive environment.
While specific details of Penrith’s site plan will be fully unveiled closer to its launch, the formidable track record of its joint developers, GuocoLand, Hong Leong Holdings Limited, and Intrepid Investments, provides invaluable insights into the anticipated design philosophy and quality of the development. Both developers are celebrated for creating projects that are not only aesthetically pleasing but also highly functional and meticulously integrated within their urban environments. Their past collaborations and individual successes offer a predictive analysis of Penrith’s likely site plan, suggesting a meticulous approach to maximising space, integrating lush landscaping, and providing a comprehensive array of facilities that cater to diverse resident needs.
With a total of approximately 462 units, Penrith is likely to be housed within two elegant 40-storey towers, providing an exclusive and less dense living environment compared to larger developments like Stirling Residences (1,259 units). This scale allows the developers to focus on delivering a high-quality living experience with well-appointed facilities, crucial for maintaining long-term value in a luxury development. The site, spanning approximately 102,497.1 square feet (9,522.3 square metres), with a plot ratio of 4.2, promises substantial room for expansive communal areas and a greater sense of privacy and tranquillity for its residents. The design will undoubtedly reflect a commitment to creating a luxurious and harmonious living space, a hallmark of these esteemed developers.
Drawing from GuocoLand’s pivotal role in revitalising areas like Tanjong Pagar (Guoco Tower, Wallich Residence) and Bugis (Guoco Midtown, Midtown Modern), and Hong Leong Holdings’ acclaimed projects such as Penrose and The Meyerise, Penrith is expected to exhibit a sophisticated architectural vision. This vision will likely blend contemporary design elements with sustainable practices, reflecting a deep commitment to environmental sustainability, a characteristic seen in GuocoLand’s award-winning developments like Leedon Residence. The developers’ choice of ADDP Architects, known for their sustainable and efficient designs, further reinforces this commitment.
The façade is anticipated to be sleek and modern, integrating seamlessly with the urban landscape of Queenstown while incorporating elements that invite natural light and ventilation. Developers often employ thoughtful orientation of towers to minimise heat gain and maximise views, potentially offering residents scenic vistas of the surrounding mature estate, the verdant Good Class Bungalow areas, the Singapore Botanic Gardens, or the dynamic city skyline. The external design will not only serve as a visual landmark but also embody the luxury, prestige, and timeless elegance associated with both developers, creating a striking presence on Margaret Drive.
Expert insights into the development’s likely facilities can be gleaned from the developers’ previous projects, renowned for their generous provision of amenities. For instance, Lentor Mansion, another GuocoLand/Hong Leong joint venture, is lauded for its family-friendly facilities and extensive landscaping, with amenities covering approximately 73% of the site area. This suggests that Penrith will likely feature a substantial spread of recreational and wellness facilities, thoughtfully curated to cater to all age groups and interests.
Residents can anticipate a wide range of offerings, potentially including a shimmering 50-metre lap pool for serious swimmers, a dedicated children’s play pool for younger residents, and hydrotherapy pools for relaxation, similar to those found in Midwood. Wellness gardens, a state-of-the-art gymnasium equipped with the latest fitness technology, BBQ pavilions for social gatherings, and elegant communal lounges are also strong possibilities, creating diverse spaces for relaxation, fitness, and social interaction. For families, the inclusion of a childcare centre within the compound, as seen in Penrose, would be a significant advantage, addressing a key need for working parents and fostering a family-friendly environment. Furthermore, with extensive landscaping comprising over 75% of the site area, residents can expect lush greenery, tranquil garden pathways, and perhaps even dedicated co-working spaces or private function rooms, enhancing the overall quality of life. The integration of these facilities is crucial for fostering a vibrant community and enhancing the quality of life for all residents, from young professionals to multi-generational families, ensuring a truly holistic living experience.
Modern luxury living increasingly incorporates smart home technology, and Penrith is expected to be no exception, building on the developers’ proven expertise in integrating cutting-edge systems. Developments like Midwood, for instance, boast smart-enabled units with advanced home systems, controlling digital locksets for enhanced security, smart air conditioning for optimised comfort and energy consumption, and intelligent lighting systems that can be programmed to suit various moods and activities. This suggests that Penrith will likely offer similar integrated smart home features, providing residents with unparalleled convenience, security, and energy efficiency, all managed through intuitive interfaces.
From remote control of appliances via a mobile app to smart access systems and intelligent climate control, these innovations cater to the tech-savvy buyer and elevate the everyday living experience, offering a glimpse into the future of urban living. The developers’ commitment to quality extends to the choice of fittings and finishes, with projects like The Meyerise featuring high-quality German-made kitchen appliances, indicating a similarly high standard of interior outfitting for Penrith. These thoughtful integrations underscore the developers’ dedication to creating homes that are not just beautiful but also intelligently designed for contemporary lifestyles, providing a truly holistic, future-proof, and effortlessly luxurious living environment.
Penrith’s unit mix has been meticulously planned to cater to the diverse demographic profiles that thrive within a mature and well-connected estate like Queenstown, with a clear focus on urban professionals, couples, and families. The development offers configurations ranging from 1-bedroom units to spacious 4-bedroom and potentially even 5-bedroom residences. This strategic decision signals the developers’ commitment to fostering a stable and enduring community composed of singles, couples, owner-occupiers, and multi-generational families, thereby contributing to a more cohesive and long-lasting residential environment within this sought-after district. The layouts are anticipated to be highly efficient, maximising usable space—a hallmark observed in the developers’ prior successful ventures. For instance, Lentor Mansion, a testament to the GuocoLand/Hong Leong joint venture, showcases efficient layouts, including clever dumbbell configurations designed for optimal space utilisation, which will likely influence Penrith’s design philosophy. The incorporation of smart home features, exemplified in developments such as Midwood, further enriches the modern living experience, appealing to the increasingly tech-savvy buyer seeking both luxury and functionality in their home.
Penrith offers a meticulously curated selection of unit types, designed to cater to diverse household needs, from young professionals to multi-generational families. The indicative unit distribution and their respective sizes are outlined below.
| Unit Type | Indicative Size Range (sq ft) | Suitability |
|---|---|---|
| 1-Bedroom | (Estimated efficient layouts) | Young professionals, single individuals, couples |
| 2-Bedroom | 614 – 678 sq ft | Young couples, small families, individuals desiring extra room |
| 3-Bedroom | 786 – 1066 sq ft | Small to medium-sized families |
| 4-Bedroom | 1173 – 1281 sq ft | Larger families, multi-generational households |
| 5-Bedroom (Potential) | (To be confirmed) | Affluent multi-generational families seeking exceptional space |
*The diverse unit mix, particularly the precise sizing of 2-, 3-, and 4-bedroom units, reflects a strategic approach to meet varied market demands, ensuring broad appeal and livability within the development.*
Penrith presents a well-considered range of unit sizes designed to accommodate various lifestyle needs, offering flexibility and choice for discerning buyers:
This precise unit distribution reflects a deep understanding of market expectations for luxury residential developments in a prime, mature estate, appealing to a broad spectrum of buyers looking for a long-term home or a savvy investment. This focus aligns perfectly with Queenstown’s appeal as an estate with excellent schools, amenities, and community infrastructure, making it ideal for sustained residency and family growth.
Penrith’s diverse unit offerings are thoughtfully designed to align with the practical needs and evolving lifestyles of its future residents. Each unit type offers distinct advantages, making it easier for potential buyers to find a home that perfectly suits their current and future requirements.
The thoughtful configuration of Penrith’s unit mix ensures that prospective buyers can find a home that precisely fits their current and future lifestyle requirements. This careful consideration of unit sizes and configurations addresses the needs of a discerning clientele looking for both luxury and unparalleled functionality in a highly sought-after district, cementing Penrith’s appeal as a truly livable and valuable asset.
While specific floor plans for Penrith will be fully revealed at its launch, the architectural prowess and design philosophy of GuocoLand and Hong Leong Holdings provide strong indicators of the quality and practicality residents can expect. Both developers have consistently delivered projects lauded for their efficient layouts, high-quality finishes, and thoughtful integration of modern living conveniences. This commitment to practical livability ensures that every square foot within Penrith’s units is optimised for comfort, functionality, and aesthetic appeal. Prospective buyers can anticipate designs that maximise natural light and ventilation, offering spacious living areas that flow seamlessly into dining and kitchen zones. The focus will be on creating homes that are not just beautiful, but also highly adaptable to the varied demands of contemporary urban lifestyles, whether for a busy professional or a growing family. The attention to detail in previous projects, such as the premium fittings and efficient use of space, suggests Penrith will offer a superior living experience.
Drawing insights from the developers’ past successes, Penrith’s unit designs are expected to embody principles of efficiency and thoughtful space planning. Projects like Lentor Mansion, a joint venture, are celebrated for their efficient layouts, including innovative dumbbell configurations that promote better space utilisation by minimising wasted corridor space. This approach typically positions bedrooms on opposite ends of the living area, offering enhanced privacy for residents. Such designs are particularly appealing for flat sharing or for families with older children, providing distinct personal zones. Furthermore, as one of the first projects to potentially benefit from the new Gross Floor Area (GFA) harmonisation guidelines, Penrith’s units are expected to offer more usable liveable space by reducing non-functional areas such as bay windows and planter boxes, meaning buyers get more value for their investment.
When viewing potential units at Penrith, prospective buyers should pay close attention to the layout of the living and dining areas. Look for open-concept designs that allow for flexible furniture arrangement and seamless transitions between spaces, fostering a sense of spaciousness. Evaluate the kitchen’s functionality—is there ample countertop space for food preparation, efficient workflow between key zones (sink, hob, fridge), and sufficient storage for culinary essentials? Consider the bedroom sizes and whether they can comfortably accommodate a queen-sized bed and essential furniture without feeling cramped. Examine the placement of windows to assess natural light penetration and cross-ventilation, which are crucial for a comfortable living environment in Singapore’s tropical climate. Efficient layouts are not just about raw size; they are about how intelligently the space is organised to enhance daily living, providing flexibility for various household compositions and future adaptations, such as creating dedicated work-from-home zones or children’s play areas within the larger communal spaces.
Penrith is poised to integrate advanced smart home features, following the precedent set by developments like Midwood and Lentor Mansion. These systems often include digital locksets for enhanced security and keyless entry, smart controls for air conditioning to optimise comfort and energy consumption through scheduled cooling or remote activation, and intelligent lighting systems that can be programmed to suit various moods and activities, or even controlled remotely. This level of technological integration elevates the living experience, offering residents unparalleled convenience and control over their environment, all accessible via a smartphone application.
For owner-occupiers, smart home features simplify daily routines and provide peace of mind, whether you’re adjusting the temperature before arriving home, pre-heating an oven, or monitoring security while away. The ability to manage your home’s environment with ease contributes significantly to a modern, stress-free lifestyle. For investors, these modern amenities enhance the property’s appeal to tech-savvy tenants, particularly expatriates and young professionals, potentially commanding higher rental yields and ensuring strong occupancy rates. The inclusion of integrated smart home systems is no longer a mere luxury but a growing expectation in premium new launches, signifying a future-proof home that adds significant long-term value through enhanced comfort, security, and energy efficiency.
Beyond efficient layouts and smart technology, Penrith is expected to feature high-quality finishes and fittings that underscore its luxury positioning, a hallmark of both GuocoLand and Hong Leong Holdings’ developments. References to projects like The Meyerise, known for its high-quality German-made kitchen appliances from brands such as Miele or Bosch, suggest that Penrith will also be outfitted with premium brands and durable materials, ensuring both aesthetics and longevity. Prospective buyers can anticipate well-appointed bathrooms with quality sanitary ware, elegant fittings, and luxurious tiling, as well as kitchens designed for both culinary functionality and sophisticated entertaining, complete with integrated appliances and ample storage solutions.
The design philosophy will likely focus on creating adaptable spaces, such as rooms that can seamlessly transition from a child’s bedroom to a dedicated home office, a personal gym, or a media room, reflecting the evolving needs of modern households. This flexibility is critical for residents whose needs may change over time, allowing the home to grow and adapt with them without the need for extensive renovations. The developers’ emphasis on quality ensures not only a luxurious feel but also long-term durability and ease of maintenance, crucial factors for both owner-occupiers seeking a lasting home and investors looking to minimise future costs and maximise tenant satisfaction. These considerations solidify Penrith’s appeal as a home that truly caters to contemporary living standards, offering both comfort, adaptability, and lasting value in a prime location.
Penrith presents a compelling dual value proposition, appealing strongly to both astute investors seeking robust returns and families desiring a prestigious, well-connected home for long-term residency. Its foundation in Queenstown, a mature estate within District 3, anchors its appeal in an area known for sustained demand and strategic growth. The anticipated launch prices, ranging from S$2,400 to S$2,700 psf, position Penrith competitively against both new launches and resale condominiums, aiming to capture the market sweet spot for upgraders and new private property owners. This strategic pricing, combined with the project’s luxury positioning and the developers’ stellar reputation, sets a strong precedent for future appreciation. The absence of new launches in the immediate vicinity since 2017/2018 creates significant pent-up demand, further bolstering Penrith’s potential for robust sales velocity and initial price premiums. This unique market timing, coupled with Queenstown’s inherent advantages, makes Penrith a strategic asset for any discerning buyer.
Queenstown is a highly sought-after residential enclave, characterised by strong rental demand from a diverse and affluent tenant pool. This includes expatriates and professionals employed in nearby employment hubs such as the Central Business District (CBD), the thriving One-North research and business park (which houses institutions like Fusionopolis, Biopolis, and Mediapolis), Mapletree Business City, Science Park, and educational institutions like the National University of Singapore (NUS) and National University Hospital (NUH). These hubs represent a continuous source of high-calibre tenants actively seeking quality accommodation with excellent connectivity.
While precise rental yield projections for Penrith are yet to be finalised, an analysis of comparable new and existing condominiums within District 3 suggests a healthy and vibrant rental market. Developments like Stirling Residences, with their prime location near Queenstown MRT and modern facilities, have demonstrated robust rental appeal. Penrith’s thoughtfully designed 1-, 2-, 3-, 4- and potentially 5-bedroom units are strategically positioned to command competitive rental rates, offering attractive potential rental yields for discerning investors. The luxury finishes, integrated smart home features, comprehensive facilities, and exceptional connectivity are expected to be highly desirable to a premium tenant segment, ensuring strong occupancy rates and sustainable rental income, making Penrith a compelling asset for rental investment.
For owner-occupiers, especially families, Penrith offers much more than just a residence; it provides a comprehensive living environment tailored for growth, well-being, and community. The unit mix, with its focus on 1- to 4-bedroom and potential 5-bedroom units, underscores a commitment to creating a community of owner-occupiers and families. This fosters a more stable, close-knit, and family-friendly residential atmosphere where children can grow up surrounded by peers.
Queenstown, as a mature estate, boasts an impressive array of established educational institutions, ranging from highly regarded primary schools to reputable secondary schools and tertiary institutions, as discussed earlier. This ensures that quality education is always within easy reach. Furthermore, the estate offers numerous community centres, public libraries, and recreational spaces, fostering a strong sense of belonging and providing opportunities for family activities and enrichment. The proximity to lush green spaces like Alexandra Canal Linear Park and the Rail Corridor provides ample opportunities for outdoor activities, family bonding, and promoting an active and healthy lifestyle away from screens. The URA Master Plan’s ongoing focus on enhancing community facilities and green infrastructure further ensures that families residing at Penrith will benefit from a continuously improving living environment.
Penrith’s developer reputation for quality and family-friendly facilities, as seen in projects like Lentor Mansion (known for its extensive landscaping, diverse amenities, and dedicated children’s areas) and Penrose (which includes an on-site childcare centre), reinforces the expectation of a nurturing and supportive environment for all generations. From safe play areas for children to serene spaces for adults and convenient access to daily necessities, Penrith is designed to be a cherished home where families can thrive and create lasting memories, truly building a legacy of luxury and livability.
To contextualise Penrith’s anticipated pricing, the table below compares its projected launch prices with recent resale transactions of key developments in the Queenstown area, illustrating its competitive positioning.
| Development | Tenure | Completion Year | Avg. Resale Price (Past 6 Months/2024 Avg) |
|---|---|---|---|
| Penrith | 99-year Leasehold | Est. 2029 | S$2,400 – S$2,700 psf (Projected) |
| Stirling Residences | 99-year Leasehold | 2022 | S$2,386 psf |
| Margaret Ville | 99-year Leasehold | 2021 | S$2,139 psf (2024 average) |
| Commonwealth Towers | 99-year Leasehold | 2017 | S$2,218 psf |
| Queens Peak | 99-year Leasehold | 2020 | S$2,189 psf |
*This comparison demonstrates Penrith’s competitive pricing in relation to established resale condominiums in Queenstown, offering new launch benefits at a compelling value proposition.*
Penrith stands as a testament to thoughtful urban planning and luxurious residential development, firmly positioning itself as a premier new launch in Singapore’s vibrant Queenstown estate. Its strategic location on Margaret Drive offers an unparalleled blend of city-fringe convenience and heartland tranquillity, making it exceptionally appealing to both discerning investors and families seeking a long-term home. The joint expertise of GuocoLand, Hong Leong Holdings Limited, and Intrepid Investments guarantees a development of superior quality, drawing on their formidable track record of award-winning projects renowned for efficient layouts, sophisticated finishes, and integrated smart home features.
Penrith enters a market characterised by a significant supply gap, being the first major new private residential launch in the immediate area since 2017/2018. This seven-year hiatus ensures a strong pent-up demand from upgraders and new private home buyers who are eager for modern living spaces in a mature estate. This scarcity, coupled with Queenstown’s established status and the transformative vision of the URA Master Plan—including enhancements like the Greater Southern Waterfront—underpins its robust potential for capital appreciation and attractive rental yields. The carefully curated unit mix, ranging from 1- to 4-bedroom and potential 5-bedroom configurations, caters precisely to the diverse needs of urban professionals, couples, and multi-generational families, fostering a stable and cohesive community.
While specific floor plans and detailed site features will be fully unveiled at launch, the developers’ past projects provide a clear indication of meticulously designed spaces that prioritise practical livability and modern amenities. The anticipated architectural vision will likely see elegant 40-storey towers blending contemporary design with nature-inspired elements, maximising views and natural light. Comprehensive facilities, drawing inspiration from their other successful developments, will ensure a holistic lifestyle for all residents. From smart home innovations to premium fittings and efficient layouts that maximise usable space, Penrith is set to offer a living experience that combines convenience, comfort, and sophistication.
Penrith is more than just a condominium; it is an investment in a lifestyle, a community, and a future. It represents a rare opportunity to own a piece of Singapore’s evolving landscape, offering a home where luxury meets legacy. Its strategic timing in the market, coupled with its prime location, reputable developers, and future-forward design, solidify its value proposition. For both owner-occupiers seeking an enriching family environment and investors targeting strong capital growth and rental demand, Penrith presents an undeniable opportunity.
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