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Penrith @ Queenstown MRT: 97% Sold! What's Left?
Penrith @ Queenstown MRT: 97% Sold! What's Left?
Penrith at Margaret Drive Condo’s prime location, exceptional amenities, and strong rental demand make it a golden investment opportunity in Singapore’s thriving real estate market.
Limited Units, Don’t Miss!
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2 to 4 Bedrooms
Queenstown MRT
IKEA, Queensway/ Anchorpoint
Queenstown Primary School
“Your Gateway to Prime District 3 Living”
462
Total Units
2029
Est. Completion
INTRODUCTION
- Direct access to Queenstown MRT.
- 462 exclusive residences
- Site area 0.9 ha
- Fact Sheet
Nestled in the vibrant Queenstown area, Penrith at Margaret Drive Condo is a new residential development designed to cater to urban professionals and families alike. Strategically located along Margaret Drive, this new launch offers unparalleled convenience, modern living spaces, and a tranquil environment amidst the bustling city. As part of the highly sought-after District 3, residents will enjoy seamless connectivity to the Central Business District (CBD), Marina Bay Financial Centre, and other prominent areas in Singapore.
With its proximity to Queenstown MRT station and excellent access to various amenities, Margaret Drive Condo is poised to become a top choice for homeowners and investors looking to capitalize on the growth and vibrancy of the Queenstown district.
Investor
Located in Queenstown, the Penrith site sold on August 2024 with top bidder $497 million bid. This works out to be $1,154 psf per plot ratio (psf ppr) for the site. It is the first land sale in the Queenstown area since the Stirling Residences site in 2017.
The upcoming Greater Southern Waterfront development, a major urban transformation project, will extend the city towards the waterfront, creating new commercial, residential, and recreational spaces. This includes redeveloping Pasir Panjang Terminal and Keppel Club, expanding parks, and new lifestyle precincts. These future developments will improve life quality and potentially increase property value, making Margaret Drive GLS an excellent investment.
The upcoming Greater Southern Waterfront development, a major urban transformation project, will extend the city towards the waterfront, creating new commercial, residential, and recreational spaces. This includes redeveloping Pasir Panjang Terminal and Keppel Club, expanding parks, and new lifestyle precincts. These future developments will improve life quality and potentially increase property value, making Margaret Drive GLS an excellent investment.
Fact Sheet
| Type | Descriptions |
|---|---|
| Project Name | Penrith |
| Developer | Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd. Architect: ADDP |
| Location | 70, 72 Margaret Drive Singapore 149926, 149927 (District 03) |
| Tenure | 99 Years from 4 Nov 2024 |
| Estimated Completion | Apr 2031 (actual trending Apr 2029) |
| Site Area | 9522.30 sqm / 102,498 sqft |
| Total Units | 462 exclusive residences in two iconic 40-storey residential towers |
| Car Park Lots | 376 Carpark Lots (81%) |
HIGHLIGHTS
- District 03 – Queenstown MRT
- 1st Launch after Stirling Residences
- Next to Queenstown Primary School
- Close by Natural Parks
- Prime Location: Situated in District 3, offering seamless connectivity to the CBD and Marina Bay.
- Proximity to MRT: Walking distance to Queenstown MRT station for hassle-free commuting.
- Comprehensive Amenities: Includes a swimming pool, gym, function rooms, and lush landscaping.
- Renowned Developer: Backed by a reputable developer with a proven track record of excellence.
- Variety of Unit Types: Accommodates diverse needs, from singles to large families.
- Nearby Schools: Close to top educational institutions, including Anglo-Chinese School (International) and Queenstown Secondary School.
- Retail and Dining Options: Easy access to nearby malls such as IKEA Alexandra, Anchorpoint, and Holland Village.
- Parks and Greenery: Proximity to Alexandra Canal Linear Park and the Rail Corridor for outdoor activities.
- Investment Potential: Located in a high-demand area with strong rental appeal and capital appreciation prospects.
- Smart Home Features: Integrated with modern smart home technology for enhanced convenience.
LOCATION
- Shopping & Groceries
- Food & Restaurant
- Education & Schools
- What’s Nearby?
- Google Map & Street View
Penrith is surrounded by an array of amenities, enhancing the convenience and lifestyle it offers. The development is a short stroll from Queenstown MRT (EW19) station, providing direct access to key business and entertainment hubs. For drivers, the nearby Ayer Rajah Expressway (AYE), Central Expressway (CTE), and West Coast Highway ensure seamless island-wide connectivity.
Striking the Balanced in Life
Shopping & Groceries
Residents can shop and dine at nearby malls, including:
- Anchorpoint, IKEA Alexandra, and Queenstown Shopping Centre.
- Further choices include Holland Village.
Food & Restaurant
Food enthusiasts will enjoy the variety of dining options nearby:
- Local Food: Margaret Drive Hawker Centre and Mei Ling Market
- International Cuisine: Holland Village and Dempsey Hill
Education & Schools
Families with children will benefit from proximity to top educational institutions:
- Within 1KM: Queenstown Primary School
- Within 1-2 KM: New Town Primary, Gan Eng Seng, Fairfield Methodist Primary Schools.
-
Secondary Schools and Tertiary Institutions nearby:
- Crescent Girls’ School
- Queenstown Secondary School
- Fairfield Methodist School (Secondary)
- Anglo-Chinese Junior College (ACJC)
- Singapore Polytechnic
Green Spaces & natural Parks
Surrounded by greenery, the development offers a tranquil retreat:
- Alexandra Canal Linear Park and the Rail Corridor
- HortPark and Southern Ridges
360 Degree Views
What’s Nearby?
Easy Access
• Queenstown MRT (EW19) 326m
• Nearby Bus Services: 21, 122, 51, 111, 145, 186, 195, 970, NR5
Shopping/ Recreation
• Sheng Shiong – Dowson Supermarket – 130m
• Margaret Market – 700m
• Anchorpoint Shopping Centre – 1.2 km
• Ikea Alexander – 1.5km
Schools / Healthcare (3-5 km)
• Queenstown Primary School (within 1KM)
• New Town Primary School
• Gan Eng Seng Primary School
• Fairfield Methodist Primary
FLOOR PLAN
- Design Concept
- Site Plan & Facilities
- Units Mixes
- Units Layout
Penrith’s site plan maximizes aesthetics and functionality. The development features a grand entrance with lush landscaping, creating an inviting ambiance. Facilities include a large swimming pool, children’s play zone, a tennis court, a two-storey clubhouse with gym, and 40th-storey roof gardens, ensuring residents have everything for a refined life.
Site Plan
Showflat Scale Model
Your SPACES, Your Choices
Explore thoughtfully designed layouts with the freedom to choose what fits you best. From compact to spacious family suites, our flexible layouts offer versatile options to suit your every need.
Typical Floor Plan
Unit Mixes
Estimated Maintenance Fee:
2BR/3BR: $425
4BR: $496
Smart Home
Welcome to the future of living. Our smart homes blend sleek design with advanced technology for ultimate comfort and convenience. Control lighting, climate, security, and entertainment with a touch. Discover a new era where luxury meets innovation, a feature Singaporeans will find both practical and appealing. Embrace the future today!
Each home is equipped with smart home technology, featuring a Smart Gateway, Digital Lockset, and Smart Air Con Control for key areas. These intelligent systems enhance convenience.
GALLERY
- Building Design
- Common Facilities
- Exterior & Interior Design
The building’s modern façade is a masterpiece of contemporary design, characterized by clean lines and high-quality finishes. Interiors are thoughtfully crafted, featuring spacious layouts, premium fittings, and smart home technology to enhance convenience. Large windows and balconies in the units offer stunning views of the surrounding greenery and cityscape.
Reenergise
Reenergise your body with our state-of-the-art amenities, curated for various activities across different levels. Reward yourself with deeper well-being at the expansive swimming pool zone and spa seats. The multi-level facilities, including a gym and roof gardens, offer unblocked views, leaving you feeling invigorated and serene.
Modern
From its luxurious facilities to its elegantly designed homes, Penrith embodies a perfect balance of style, comfort, and practicality, promising an exceptional living experience for residents.
Exteriors & Facilities
PRICING/ DISCOUNT
- Developer’s Direct Best Pricing
- Developer’s Discount/ Promotion
- 0% Commission Payable
2BR 614sf fr $1,817,000~$1,902,000 – Last 12 4BR Premium 1281sf fr $3,878,000~$3,935,000 – Last 2
DOWNLOAD
- Official Project Brochure & Floor Plan
- Market CMA Analysis (Ask)
- Customised Research Report (Ask)
DEVELOPER
- Since 1963
- SGX Mainboard Public Listed
- Global Presences
Hong Leong Group (HLG)
Hong Leong Group, (“HLG”), founded in 1963, is one of the largest conglomerates in South East Asia. Its operations span the globe with core businesses in a diverse range of industries – financial services, manufacturing and distribution, property development and investment, hospitality and leisure, consumer goods, healthcare and principal investments. With reputable listed companies on major stock exchanges around the world and a workforce of over 35,000 people, HLG’s reach has gone beyond the shores of its home base into global proportions.
Guoco Group Limited (GGL)
Guoco Group Limited (“GGL”) is a company listed on The Stock Exchange of Hong Kong Limited and is a member of the Hong Leong Group. GGL is an investment holding and investment management company. GGL (including its subsidiaries and associated companies) is primarily involved in principal investment, property development and investment, hospitality and leisure business and financial services. GGL, headquartered in Hong Kong, primarily operates in Hong Kong, China, Singapore, Malaysia, the United Kingdom and Australasia.
GuocoLand Limited (GLL)
In Singapore, GuocoLand is well-known as a multiple award-winning developer with a strong track record of developing high-end quality residential properties with creative designs and luxe concepts.
GuocoLand’s portfolio comprises of more than 37 residential projects, which have a total of more than 11,500 apartments. The Group is also the developer behind the tallest integrated mixed-use development in the city – Guoco Tower at Tanjong Pagar.
GuocoLand’s extensive portfolio comprises not only residential but also integrated developments, retail, commercial and hospitality all across Singapore, Malaysia, Vietnam and China.
GuocoLand’s multiple award-wining projects include, Meyer Mansion, Midtown Modern, Midtown Bay, Martin Modern, Leedon Residence, Wallich Residence and many more.
