FACTSHEET

Penrith is a 99 years condominium launch in 2025 located along Margaret Drive. This new launch project will be developed by Margaret Rise Development Pte Ltd, which comprise of joint venture developer:

• GuocoLand (Singapore) Pte. Ltd.
• Intrepid Investments Pte. Ltd.
• Hong Realty (Private) Limited

Situated in District 03, the site is conveniently located in one of Singapore’s most established and amenity-rich neighbourhoods. Singapore’s District 03 (D03) encompasses the township of Tiong Bahru, Alexandra, and Queenstown estate. These estates are much sought-after residential area that offers a unique blend of city accessibility, heritage charm, and contemporary comforts. Located just minutes from the CBD and well-connected via major MRT lines such as the East-West and Circle Lines, as well as expressways like the Ayer Rajah Expressway and Central Expressway, it provides superb accessibility for professionals and residents alike. The area is known for its rich history, especially in the Tiong Bahru enclave, where conserved Art Deco buildings house hip cafes, indie shops, and lifestyle boutiques, creating an unique fusion of nostalgia and urban energy. Alexandra and Queenstown, where Penrith is located in, complements with contemporary residential developments, shopping malls like Anchorpoint Shopping Centre and Tiong Bahru Plaza, as well as large retail outlets including IKEA Alexandra and Queensway Mall. Penrith residents would also benefit from proximity to parks and nature such as the Southern Ridges trail, Mount Faber Park, and the Alexandra park connector, promoting a balanced lifestyle. Healthcare needs are well-supported by a full-service medical center and the nearby NUH, while reputable schools like Gan Eng Seng, Crescent Girls, and several international institutions cater to families. Housing options in D03 are varied, ranging from charming walk-up apartments to high-end condominiums with the addition of Penrith. With its prime location, solid resale value, and balance of energy and tranquility, D03 continues to be one of Singapore’s most desirable and liveable districts.

If you’ve been waiting for a city-fringe home that blends everyday convenience with long-term value, Penrith @ Margaret Drive offers this opportunity for home upgraders or those that wish to relocate into this precinct. Residents will enjoy the short walk of less than 3 minutes to the nearest Queenstown MRT station. Situated just behind the Alexandra Canal Linear Park, which is a popular jogging and cycling route for residents in the area. This park connector even leads down further into the River Valley and Boat Quay precinct. The location of Margaret Drive sits within a broader Alexandra-Commonwealth residential cluster valued for its mature greenery, parks, and practical day-to-day amenities. Penrith location also blends with nearby HDB to enjoy better everyday amenities that includes wet markets, kopitiams and other retailers such as cafés, lifestyle shops and curated retail at nearby malls.

Penrith – About

Penrith is a 99 years leasehold residential development located along Margaret Drive of District 03, Queenstown. Proposed as a thoughtfully planned, city-fringe condominium, Penrith comprises two 40-storey apartment blocks, with a total of 462 residential units, together with generous communal facilities, parking, and family-focused amenities that suit modern urban living.

The development will deliver two slim, high-rise towers capped with a rooftop garden, creating a skyline presence while giving residents elevated green space and pleasant outlooks across the neighbourhood. Penrith’s offers a practical mix of car parking and community infrastructure: 

• One basement carpark
• Two-storey mechanical stack car park (MSCP)
• Communal facilities distributed within the podium and amenity decks
• Childcare Centre to provide convenient childcare option that will appeal to young families and working parents.

Penrith’s design intent balances density with liveability. The two 40-storey towers maximise distant views and cross-ventilation for many units while the rooftop garden and landscaped terraces add meaningful outdoor spaces for residents. Communal facilities are planned to support a contemporary resident lifestyle — typical inclusions will be a swimming pool, gymnasium, social pavilions and family play areas — all integrated into the podium and outdoor decks to encourage neighbourly interaction and wellness. The Childcare Centre which will be part of the development, adds a purposeful family amenity that reduces travel time for parents and strengthens the development’s community feel.

Parking have been addressed through an efficient combination of basement parking and a two-storey MSCP. This arrangement increases on-site parking capacity while optimising the site footprint, helping preserve more open and landscaped areas for residents. Service access and drop-off points have been designed to minimise congestion at street level and provide safe pedestrian routes to the residential lobby and childcare centre.

Penrith is well suited to a broad range of buyers. 

1. Young families will appreciate the presence of the Early Childhood Development Centre and family-friendly facilities
2. Professionals and couple households will value the development’s city-fringe location and connectivity
3. Investors can expect steady tenant interest given the strong mix of practical amenities, transport access and proximity to job nodes. 
4. HDB upgraders in the region seeking better lifestyle with condominium facilities

Sited on Margaret Drive within Queenstown’s established residential belt, Penrith integrates into a mature locality of parks, conveniences and transport links. Its height and rooftop landscaping are designed to respond sensitively to the surrounding urban grain while offering residents a degree of separation from street activity — an advantage for family living and peaceful residency in a central location. 

With 462 units across two 40-storey towers, on-site childcare, comprehensive resident facilities, and a rooftop garden, Penrith presents a modern city-fringe living proposition that blends convenience, community and considered design. Whether purchased as a family home, or an investment, Penrith’s combination of scale, amenities and location positions it as a noteworthy addition to Queenstown’s residential landscape. Register your interest to view Penrith showroom to find out more about the development. Penrith showflat viewing is strictly by appointment only.

Penrith Developer

Penrith is a jointly developed project by Margaret Rise Development Pte Ltd. Comprising of a joint venture among GuocoLand Singapore Pte Ltd, Intrepid investments Pte Ltd, and Hong Realty Pte Ltd, the site was acquired via a Government Land Sales (GLS) programme back in May of 2024. Although it is just within walking distance to Queenstown MRT station, the site only attracted a total of 2 bidders. The submitted top bidder came in with a price tag of $497 million, which translates to an estimated $1154 psf per plot ratio (psf ppr). This is about 5% higher than the second bidder of $1100 psf ppr submitted by Sing Holdings & Cedar Investments (Joint-venture).

Penrith URA Masterplan

About GuocoLand

GuocoLand Limited is a well established developer with lots of astounding accomplishment and long history of property construction in Singapore. It has transform the landscape as well as city skyline of the city state for many decades. Its parent company, Guoco Group Limited, is a listed business on the Hong Kong Stock Exchange. Guoco Group Limited on the other hand is own by Hong Leong Group. The developer over time have actually won lots of accolades and awards both regionally and also on the worldwide stage. These awards are in recognition to their high quality standards, sustainability, and also innovative property constructions throughout the years. GuocoLand Limited is listed on SGX exchange since 1978, with its major businesses and subsidiaries associating with real estate development, property investment, hotels and management. They have indeed secured a strong base here in Singapore, and additionally have ventures overseas in China and also Malaysia. Their growth past Asia with key collaboration abroad includes nations such as United Kingdom and Australia. All in all, the GuocoLand Group has assets worth of over S$ 11 billion and equity of S$ 4.2 billion. GuocoLand, in its more current development have indeed been known to change neighbourhoods such as Tanjong Pagar, Bugis, and Beach Road areas, with launches such as Guoco Midtown, Midtown Bay, Midtown Modern, and also Lentor Modern. Penrith will be their latest addition to their portfolio.

About Hong Leong Group

Hong Leong Group is a Singapore home grown firm established by Kwek Hong Png back in 1941. In 1960s, City Development Limited (CDL) was form and also revolutionise the showflat concept plan of marketing new launch property. Hong Leong Finance was established to supply financial backing for smaller sized firms. Subsequently, Hong Leong Holdings Limited was form. Since then, Hong Leong’s property has actually come a long way to be a globally diversified business with assets amounting to over S$ 40 billion. Its involvement spreads throughout Asia-Pacific, Middle East, Europe, and even as far as The United States. 

Penrith Site Plan & Facilities

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Penrith eBrochure Download

Penrith comprises a range of 1-5 bedroom types and Penthouses. In addition, there are variations within each type of layout to cater for different groups of home owners. Shown below are the various showflat layout plans.

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• Penrith e-Brochure Download
• Penrith Floor Plan Download
• Penrith Balance Unit/Availability Chart and Price List

Penrith Floor Plan

Penrith Virtual Tour

Penrith Virtual Tour 

Link: Penrith Virtual Tour 

Penrith Price & Balance Unit

Penrith Indicative prices & balance unit

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The pricing indicated above are subject to change and may not be up to date. For more information on Penrith price and Penrith balance unit, fill in the form below for a showroom appointment. Showflat is open by appointment basis so hurry and register your interest for a viewing session to avoid any disappointment!

Penrith Review

5 main reason to make Penrith your next purchase

• Transportation

• Rentability

• Comprehensive facilities

• Educational Institutions

• Reputable Developer

1. Transportation

Residents of Penrith get to enjoy its great locality being situated along Margaret Drive just within 3 minutes walk to the nearest Queenstown MRT station. For those driving, the nearest accessible expressway includes AYE.

2. Rentability

Its proximity to business hubs like the CBD, one-north, and Mapletree Business City enhances rental demand and long-term investment value.

3. Comprehensive facilities

Penrith features a full suite of lifestyle facilities, including swimming pools, gyms, social pavilions, and family-friendly recreational areas. Residents can also enjoy a rooftop garden with scenic views, landscaped decks, and communal green spaces within the development.

4. Educational Institutions

Families benefit from proximity to schools like Queenstown Primary, New Town Primary, Gan Eng Seng, Queenstown Secondary, and Queensway Secondary, as well as tertiary and international institutions.

5. Reputable Developer

Developed by GuocoLand & Hong Leong, these are some of Singapore’s established and reputable developers. Penrith thus can be assured of its quality finishes, efficient layouts, and enduring value for homeowners and investors.

Frequently Asked Questions (FAQ)

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