Introduction
Penrith, the upcoming condominium at Margaret Drive, is poised to redefine city-fringe living in Singapore’s District 3. Developed jointly by GuocoLand and Hong Leong Holdings, this 99-year leasehold project blends modern architectural elegance with practical convenience. With the VVIP preview planned for October 2025, Penrith is expected to attract discerning homebuyers and investors who value both connectivity and lifestyle.
Location Advantage
Set in the established Queenstown estate, Penrith offers residents an enviable location with quick access to transport and amenities.
- Just a short 2–4 minute walk to Queenstown MRT (East-West Line), providing fast routes to the CBD, Raffles Place, and Orchard Road.
- Two stops away from Buona Vista MRT Interchange, linking to the Circle Line.
- Excellent road connectivity via the Ayer Rajah Expressway (AYE) and Central Expressway (CTE).
This prime location places residents close to key employment hubs and lifestyle hotspots, making it equally suitable for own-stay buyers and rental investors.
Lifestyle & Amenities
Residents of Penrith will enjoy access to a wide range of conveniences and leisure options:
- Schools: Within 1 km of Queenstown Primary School, with Gan Eng Seng Primary and Alexandra Primary nearby.
- Shopping & dining: Anchorpoint, Queensway Shopping Centre, IKEA Alexandra, and Dawson Place offer retail and dining choices.
- Healthcare: Alexandra Hospital and NUH are within easy reach.
- Recreation: Green spaces like Alexandra Canal Linear Park bring nature into the urban lifestyle.
Project Details
Penrith is planned to house approximately 462 units across a site area of about 102,497 sqft. Completion is expected by 2029.
The development is set to feature:
- Smart home provisions for modern convenience.
- Full condominium facilities such as a swimming pool, fitness areas, and function rooms.
- Stylish interiors designed to balance comfort with contemporary aesthetics.
Developers You Can Trust
GuocoLand and Hong Leong Holdings are established names in Singapore’s property market, with strong reputations for delivering high-quality developments. Their expertise ensures Penrith will reflect thoughtful design, reliable quality, and long-term value.
Why Invest in Penrith?
Several factors highlight Penrith’s investment appeal:
- A well-connected city-fringe location in a mature estate.
- Consistent rental demand from professionals working in the CBD and One-North.
- Limited new residential launches in Queenstown, supporting long-term price growth.
With the VVIP Preview in October 2025, early registrants will enjoy priority access to information, showflat viewings, and launch pricing opportunities.
Conclusion
Penrith by GuocoLand at Margaret Drive is more than a new launch, it’s a lifestyle opportunity in one of Singapore’s most established and well-connected estates. Combining trusted developers, a strategic location, and modern living features, Penrith is positioned to be one of the standout condominium launches in 2025.