Penrith – New Launch in Heritage Queenstown
Penrith is the latest new launch condo in Queenstown, developed by Hong Leong Group, Hong Leong Holdings Limited (HLHL) and GuocoLand. Renowned developers with an exceptional track record of delivering award-winning and sustainable developments across Singapore. Known for their commitment to quality, bold design and timeless architecture. These esteemed developers now bring their combined expertise to create Penrith, setting a new benchmark for luxury living in District 3.
About Penrith New Launch
Penrith new condo development features 462 exclusive residential units located in the heart of Queenstown, within Singapore’s Rest of Central Region (RCR). Designed with modern sophistication and timeless elegance, this Queenstown new launch offers residents the best of convenience and lifestyle. Just a short stroll from Queenstown MRT Station, Penrith condo enjoys excellent connectivity to every part of the island.
Set amidst an established neighborhood, residents of Penrith are surrounded by a wealth of amenities. These include shopping malls, cafes, schools and lush green parks. As one of the most anticipated new launches of 2025, Penrith is expected to reignite excitement in the Queenstown property market. This is a highly anticipated first major new launch condo in the area since Stirling Residences in 2018.
Penrith – Location Map
Site Location – Penrith in Queenstown
Queenstown is a vibrant and history-rich estate located in Singapore’s Prime District 3. Once Singapore’s first satellite town, it has evolved into a highly desirable residential enclave that beautifully balances heritage charm with modern convenience. The neighborhood features a mix of heritage landmarks, trendy cafes and lifestyle hubs, making it one of the most liveable districts in the RCR.
With ongoing enhancements such as park connectors and green corridors, Queenstown continues to grow as a lush, walkable district ideal for families and professionals alike. Penrith at Queenstown offers residents a rare opportunity to own a home in this ever-evolving neighborhood that seamlessly blends the past and the present.
Seamless Connectivity and Accessibility
Penrith new launch enjoys excellent islandwide connectivity, making travel effortless whether for work or leisure. Queenstown MRT Station is located approximately 300 metres away. This allow residents have quick and convenient access to major destinations such as Orchard Road, Central Business District (CBD) and Marina Bay.
Drivers will appreciate the close proximity to major expressways like the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), allowing easy access to the rest of Singapore. Whether you commute by train, car, or bicycle, Penrith condo offers unparalleled convenience at the doorstep.
A New Benchmark for Luxury New Condo Living
Backed by the trusted names of Hong Leong Group, HLHL and GuocoLand, Penrith is poised to redefine what it means to live well in the city. Combining architectural excellence, sustainable features, and a strategic location, this new launch condo in Queenstown presents a timeless investment opportunity for discerning homeowners and investors alike.
With its prime location, exceptional design and the legacy of its developers, Penrith new launch is set to become one of the most sought-after developments in 2025. A modern masterpiece that celebrates refined urban living in the heart of Queenstown.
Queenstown – Growth, Connectivity and Lasting Value
Queenstown enjoys a prime location between Downtown Singapore and upcoming Jurong Lake District (JLD), the nation’s future second Central Business District. Under the URA Master Plan, this positioning places Queenstown at the heart of Singapore’s westward growth corridor, offering residents exceptional connectivity and future potential.
Residents of Penrith new launch condo benefit from easy access to amenities, shopping options, and a strong education network, all within minutes from home.
A proven favourite among buyers and investors, Queenstown’s property market has seen strong demand, with past projects like Queens Peak, Commonwealth Towers, and Stirling Residences achieving full sales and impressive capital appreciation. Record million-dollar HDB transactions at Dawson Estate further affirm the area’s desirability.
With ongoing government rejuvenation plans, including new homes, green connectors, and community hubs, Queenstown continues to evolve as a vibrant, well-connected district—making Penrith a standout opportunity in District 3.
Surrounding Developments Enhancing Queenstown’s Growth
Redevelopment of Tanglin Halt Neighbourhood
The historic Tanglin Halt estate in Queenstown is undergoing a major transformation under the Government’s long-term plans. Announced in October 2023, the rejuvenation will introduce new housing, an integrated development with a hawker centre, market, and the redeveloped Queenstown Polyclinic. Originally identified for SERS in 2014, the project continues to evolve with new parks, green connectors, and modern flats, preserving its heritage charm while creating a vibrant, community-oriented neighbourhood.
Alexandra Hospital Redevelopment
To meet future healthcare needs, Alexandra Hospital will be redeveloped from 2028, expanding capacity to 1,000 bedsand integrating a 450-bed nursing home. This upgrade strengthens medical support for Queenstown residents, ensuring convenient, comprehensive care within the district and reinforcing its role as a key healthcare hub.
Greater One-North Innovation Precinct
The Greater One-North Precinct—home to one-north, Singapore Science Parks, NUS, and NUH—continues to grow as a vibrant research and innovation hub. With top global companies, start-ups, and research institutions working in synergy, the area has become a dynamic work-live-play district. Supported by excellent MRT connectivity and upcoming new housing under the URA Master Plan 2025, it represents one of Singapore’s most forward-looking and liveable regions.
Penrith – Site Plan
Facilities at Penrith Condo
Penrith is thoughtfully designed across a rectangular land plot along Margaret Drive, set back from the MRT line for enhanced peace and privacy. The development features two elegant 40-storey residential towers, offering 462 exclusive homes. Vehicle access is seamless via an automatic plate recognition system, with both basement and multi-storey car parks, including 12 EV charging lots.
At the heart of Penrith lies a 60-metre freeform swimming pool, inspired by the flow of natural lakes, creating a tranquil retreat between the towers. All homes enjoy north-south orientation for optimal airflow and comfort, ranging from 2-Bedroom to 4-Bedroom Premium layouts.
Families benefit from an on-site Early Childhood Development Centre with a playground and drop-off area. With Queenstown MRT is just 300 metres away, it ensure unmatched convenience.
Lifestyle facilities are spread across two landscaped decks. Level 1 features a tennis court, children’s play zone, splash pool, and recreation plaza for fitness and outdoor fun. Level 2 houses the elegant clubhouse with function rooms, gymnasium, games room, and steam rooms, complemented by picnic lawns and lounging decks.
Crowning the towers, rooftop gardens offer elevated luxury — from alfresco dining and yoga decks to stargazing terraces with panoramic skyline views. These bring a perfect balance of nature, wellness, and city living.
Details of Penrith
| Project Name | Penrith |
| Developer | Joint Venture of Hong Leong Holdings and GuocoLand |
| Address | 70 & 72 Margaret Drive |
| District | 03 |
| Tenure | 99-Year Leasehold |
| Land Size | Approximately 102,497 sq ft |
| No Of Units | 462 |
| No Of Block | 2 Blocks of 40-Storey Apartments with 1 Basement Carpark, 2-Storey Multi-storey Carpark and Early Childhood Development Centre. |
| Unit Types | 2 Bedroom: 614 sq ft 2 Bedroom Premium: 678 sq ft 3 Bedroom: 786 - 850 sq ft 3 Bedroom Premium: 936 - 1,066 sq ft 4 Bedroom: 1,173 sq ft 4 Bedroom Premium: 1,281 sq ft |
| Estimated Vacant Possession | 1 April 2031 |
Penrith – Price Guide
| Type | Prices |
| 2 Bedroom | From $1.839 Mil |
| 2 Bedroom Premium | Fully Sold |
| 3 Bedroom | Fully Sold |
| 3 Bedroom Premium | Fully Sold |
| 4 Bedroom | Fully Sold |
| 4 Bedroom Premium | From $3.922 Mil |
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Penrith – Floor Plans
More Information on Penrith
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