Penrith

Written By yk

🏡 Penrith @ Margaret Drive – Full In-Depth Review

Introduction

The Penrith condo is one of the most anticipated new launch projects in Queenstown. Located at Margaret Drive in District 3, this 99-year leasehold development is jointly developed by GuocoLand, Hong Leong Holdings and Hong Realty. With an expected TOP in 2029 and 462 premium residential units, Penrith brings a rare opportunity to own a brand-new home in one of Singapore’s most established and well-connected city-fringe neighbourhoods.

Location & Connectivity

One of Penrith’s biggest selling points is its prime location in Queenstown. It sits just a short 4-minute walk to Queenstown MRT station (East-West Line), making daily commutes to Orchard Road, Raffles Place, or Jurong extremely convenient.

For drivers, major expressways such as the AYE and CTE are within easy reach, offering seamless connectivity to the CBD and other parts of Singapore. Public bus services also enhance transport flexibility.

Beyond convenience, residents enjoy the advantage of being in a city-fringe area that balances modern living with heritage charm and lush greenery.

Design & Layout

The Penrith new launch condo will feature a mix of 1- to 5-bedroom units, catering to both investors and homeowners. Whether you are a young professional, a growing family, or an upgrader, there’s a layout to suit different lifestyle needs.

GuocoLand is known for its thoughtful design and attention to detail. Expect:

  • Functional layouts with minimal wasted space

  • Large windows that maximise natural lighting and ventilation

  • High-quality fittings and finishes for modern, sophisticated living

  • Options for unblocked city and greenery views, depending on unit selection

Lifestyle & Amenities

Living at Penrith means being surrounded by a wide range of lifestyle options:

  • Retail & Dining: IKEA Alexandra, Queensway Shopping Centre, Anchorpoint Mall, Alexandra Central, and The Star Vista are all minutes away.

  • Recreation & Nature: Alexandra Canal Linear Park, the Rail Corridor, HortPark, and Southern Ridges provide abundant greenery and outdoor spaces for leisure.

  • Community & Heritage: Queenstown is Singapore’s first satellite town, blending nostalgic landmarks with new developments, making it a unique and vibrant estate.

Within the condo itself, residents can expect comprehensive condo facilities such as pools, gyms, landscaped gardens, BBQ pavilions, and possibly sky terraces — all hallmarks of a premium city-fringe condominium.

Schools & Education

For families, education is a major consideration. The Penrith condo enjoys proximity to a number of reputable schools:

  • Within 1km: Queenstown Primary School

  • Within 1–2km: Alexandra Primary, Gan Eng Seng Primary, New Town Primary, Zhangde Primary

  • Secondary & International Options: Crescent Girls’ School, Queensway Secondary, and ISS International School

This makes Penrith highly attractive for families who wish to secure priority admission into well-established schools.

Investment Potential

The Queenstown property market has consistently been one of Singapore’s most resilient. With its city-fringe location, strong rental demand, and limited new launches in the area, Penrith stands out as a solid investment opportunity.

Key factors that strengthen its investment appeal:

  • Rare new launch in a mature, highly sought-after estate

  • Excellent transport connectivity (MRT within walking distance)

  • Strong rental demand from nearby one-north, Alexandra business precinct, and CBD professionals

  • Long-term urban rejuvenation plans for Queenstown, ensuring sustained growth potential

Given the estimated price range of S$1.2M – S$3.3M (approx. S$1,876 – S$2,687 psf), Penrith will appeal to both investors and own-stay buyers looking for long-term value.

Pros & Cons

Pros

  • Prime location in District 3, close to MRT and city centre

  • Rare new launch in Queenstown (first in nearly a decade)

  • Wide range of unit types from 1- to 5-bedrooms

  • Reputable developers with strong track record

  • Excellent amenities, schools, and lifestyle options nearby

Cons

  • Likely higher PSF compared to less central locations (reflecting city-fringe premium)

  • Limited unit supply (~460 units) means competition during launch will be strong

Conclusion

The Penrith new launch at Margaret Drive is set to be one of the standout property launches of 2025. Combining modern architecture, excellent connectivity, lifestyle conveniences, and strong investment potential, Penrith offers a rare chance to secure a home in a district that balances heritage, greenery, and city living.

For homeowners, it’s an opportunity to enjoy a well-designed, brand-new condo in one of Singapore’s most liveable neighbourhoods. For investors, the location and scarcity value of a new launch in Queenstown make this a compelling addition to any portfolio.

👉 If you’re seeking a District 3 condo in Singapore that blends modern living with long-term value, Penrith @ Margaret Drive deserves serious consideration.

yk
Previous

Skye At Holland