Introduction
In the ever-evolving real estate landscape of Singapore, new launches that combine heritage-rich neighborhoods with modern comforts stand out. Penrith by GuocoLand, in collaboration with Hong Leong Holdings and Hong Realty, is one such project poised to redefine luxury living at Margaret Drive in Queenstown, District 3. This 99-year leasehold development, expected to preview in October 2025, will bring approximately 462 residential units across a thoughtfully planned site. Targeting completion by 2029, Penrith presents a unique opportunity for homeowners and investors who seek convenience, connectivity, and quality design.
Strategic Location in Queenstown
Penrith’s prime position in Queenstown underscores its appeal. As one of Singapore’s oldest estates, Queenstown has transformed into a thriving, vibrant district while preserving its historical charm. Its central location and connectivity make it particularly attractive:
- Transport Connectivity: Residents will be a short 2 to 4 minutes walk from Queenstown MRT Station (East-West Line). From there, the CBD, Orchard, and Buona Vista Interchange are just minutes away. The nearby AYE and CTE also make commuting by car convenient.
- Urban Amenities: Shopping options are abundant, with Anchorpoint, IKEA Alexandra, and Queensway Shopping Centre all within easy reach. Food lovers will enjoy local hawker centers, as well as nearby lifestyle hubs like Holland Village and Dempsey Hill.
- Educational Institutions: Families with children will appreciate proximity to schools such as Queenstown Primary School (within 1 km), Crescent Girls’ School, and Gan Eng Seng Primary, while higher education institutions like NUS and Singapore Polytechnic are just a short drive away.
This balance of convenience and community makes Penrith an ideal home for both families and working professionals.
Development Details and Design
Spanning a land area of about 102,497 square feet, Penrith is envisioned as a medium-sized yet exclusive project. With 462 units planned, the development offers a variety of layouts that cater to different lifestyle needs, from compact two-bedroom apartments to spacious family-sized homes units.
Key Features to Anticipate:
- Architectural Elegance: A sleek, modern façade blending harmoniously with its urban-fringe location.
- Lifestyle-Oriented Facilities: Residents can expect a full suite of amenities, including swimming pools, a fitness center, landscaped gardens, function rooms, BBQ decks, and children’s play zones.
- Smart Living Solutions: Incorporating sustainable design and modern home technology for convenience and efficiency.
- Serene Environment: Despite its centrality, Penrith is designed to provide a calm retreat from the urban rush, with landscaped areas fostering tranquility.
Living at Penrith
Penrith goes beyond being just a place to live, it promises a lifestyle. Its location near major employment nodes such as One-North, Mapletree Business City, and the Alexandra Business District ensures professionals can enjoy short commutes. For leisure, the greenery of the Southern Ridges, Kent Ridge Park, and Botanic Gardens is easily accessible, offering a balance of urban and natural living.
Investment Potential
Penrith’s site was secured for S$497 million (S$1,154 psf ppr), and market expectations suggest launch prices may start from around S$2,600 psf. Several factors make this project a strong investment prospect:
- Rare City-Fringe Opportunity: Few new launches are available in mature estates like Queenstown.
- Urban Renewal: Ongoing rejuvenation projects in District 3 and the Greater Southern Waterfront boost long-term growth potential.
- High Rental Demand: The proximity to CBD and education hubs ensures consistent rental interest from expatriates, professionals, and students.
- Reputable Developers: Backed by GuocoLand and Hong Leong, buyers can be assured of quality and timely delivery.
Developer Reputation
GuocoLand has consistently delivered iconic developments such as Midtown Modern, Martin Modern, and Wallich Residence, each reflecting innovation and luxury. By collaborating with Hong Leong Holdings and Hong Realty, the developers bring a strong legacy of expertise and credibility, ensuring Penrith will meet high standards of design and functionality.
Conclusion
Penrith by GuocoLand is more than just another condominium, it represents a new benchmark for luxury living in Margaret Drive, Queenstown. With its enviable location, modern facilities, and trusted developers, it promises both a desirable home for residents and a lucrative investment for buyers. As the VVIP preview approaches in October 2025, Penrith is set to capture the attention of discerning home seekers and investors looking for the next prime property in Singapore.
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