Introduction
Penrith by GuocoLand is set to be a highly anticipated residential launch in District 3, offering an attractive blend of modern living and a prime city-fringe address. Located along Margaret Drive, this 99-year leasehold condominium is developed jointly by GuocoLand and Hong Leong Holdings, two trusted names in Singapore’s property market. Slated for its VVIP preview in October 2025, Penrith is expected to draw strong interest from homebuyers and investors seeking quality residences in a well-connected neighborhood.
Location and Connectivity
Penrith enjoys an enviable position in Queenstown, one of Singapore’s earliest and most established housing estates that has transformed into a vibrant lifestyle hub.
- MRT Access: Residents will be within a short 2–4 minute walk to Queenstown MRT Station on the East-West Line, offering quick commutes to the CBD, Orchard Road, and Jurong East.
- Road Links: Drivers will appreciate easy access to the AYE and CTE, connecting to major destinations across the island.
- Nearby Amenities: From retail options at IKEA Alexandra, Queensway Shopping Centre, and Anchorpoint to hawker favorites at Alexandra Village Food Centre, daily needs and lifestyle choices are well within reach.
- Education: Families benefit from nearby schools such as Queenstown Primary (within 1 km), Alexandra Primary, and Crescent Girls’ School.
- This makes Penrith particularly appealing for both own-stay buyers and those seeking strong rental prospects.
Project Highlights
Penrith is expected to feature:
- Site Area: Approx. 102,497 sq ft
- Units: About 462 apartments spread across thoughtfully designed blocks
- Layouts: A mix of 2- to 5-bedroom units, catering to singles, couples, and families
- Facilities: Full condo amenities including swimming pools, fitness zones, children’s play areas, function rooms, and landscaped gardens
- Completion: Estimated by 2029
With its mid-sized scale, Penrith will balance exclusivity with a strong sense of community.
Developer Track Record
GuocoLand and Hong Leong Holdings are renowned for delivering quality projects that combine architectural design with strong location value. Past successes such as Midtown Bay, Leedon Residence, and Martin Modern demonstrate their ability to meet evolving lifestyle and market demands, ensuring that Penrith will be a well-conceived and enduring development.
Investment Appeal
Penrith’s strategic location, coupled with Queenstown’s ongoing rejuvenation and proximity to the Greater Southern Waterfront, positions it as an attractive long-term investment. Launch prices are expected to be competitive given its prime location, with demand supported by both homeowners and tenants working in the CBD, one-north, and Alexandra business districts.
Conclusion
Penrith at Margaret Drive presents a rare opportunity to own a home in one of Singapore’s most desirable city-fringe neighborhoods. Offering convenience, modern amenities, and reputable developer backing, it is well-positioned to be a standout new launch in 2025.
Interested buyers are encouraged to register early for the VVIP preview in October 2025, ensuring priority access to show units, developer insights, and the best available prices.