Introduction
Penrith Condo is set to redefine premium living in Singapore’s District 3, offering a rare opportunity to own a home in the well-connected and mature Queenstown estate. Developed through a joint effort by GuocoLand, Hong Leong Holdings, and Intrepid Investments, this upcoming 99-year leasehold development will stand proudly along Margaret Drive.
With its launch expected in late 2025 and completion projected for 2029, Penrith Condo marks the first major new launch in Queenstown in around eight years, following the acclaimed Stirling Residences. Its scarcity, coupled with its sought-after location, positions it as a standout choice for both owner-occupiers and investors.
A Coveted Location in Queenstown
Located in a prime part of Queenstown, Penrith Condo enjoys a strategic spot that blends city convenience with residential tranquillity. Covering about 102,498 sq ft with a plot ratio of 4.2, the development will feature an estimated 460 thoughtfully designed homes.
Its location ensures residents are minutes away from the Central Business District, Orchard Road, and major lifestyle hubs, while still enjoying access to green parks, neighbourhood amenities, and a peaceful community environment. The established nature of Queenstown means excellent public transport, retail, and dining options are already in place.
A Collaboration of Trusted Developers
In August 2024, the site was secured for S$497 million, equivalent to S$1,154 psf ppr by the GuocoLand-led consortium, which includes Hong Leong Holdings via Intrepid Investments and Hong Realty.
- GuocoLand: Recognized for innovative, sustainable, and high-quality residential developments.
- Hong Leong Holdings: Known for long-standing excellence and reliability in property creation.
This partnership promises a project that will deliver exceptional design, functionality, and enduring value.
Residences Designed for Every Lifestyle
Penrith Condo will cater to diverse lifestyle needs, with unit options expected to range from compact 1-bedroom apartments to spacious 5-bedroom layouts suitable for multi-generational families.
Key design highlights include:
- Open layouts for optimal space utilization
- Floor-to-ceiling windows to maximize daylight and ventilation
- Premium fittings and finishes for a sophisticated touch
- Sustainability features to reduce energy consumption
The architecture will adopt a sleek, contemporary style while blending harmoniously with its surroundings.
Facilities for a Complete Living Experience
The development will house a suite of top-notch facilities to enhance daily life, including:
- 50-metre swimming pool with sun loungers
- Fully fitted fitness centre
- Children’s play areas and family recreation spaces
- Function rooms and entertainment lounges
- Spa pavilions and landscaped gardens
Greenery will be woven into the design, creating a relaxing oasis for residents to enjoy amidst the urban setting.
Seamless Connectivity and Everyday Convenience
Living at Penrith Condo means exceptional transport access, with Queenstown MRT Station just a 3–5 minute walk away. Major expressways like AYE, CTE, and PIE are also within easy reach.
Nearby amenities include:
- Retail: Anchorpoint, Queensway Shopping Centre, IKEA Alexandra
- Food: Margaret Drive Hawker Centre, eateries at Dawson Mall
- Recreation: Alexandra Canal Linear Park, Rail Corridor
- Healthcare: Alexandra Hospital, National University Hospital
Education Hub for Families
Parents will appreciate the proximity to reputable educational institutions, including:
- Queenstown Primary School – adjacent to the development
- New Town Primary School and Queensway Secondary School – nearby
- International options such as Tanglin Trust School and ISS International School – a short drive away
Conclusion
Penrith Condo at Margaret Drive is more than just a new launch, it is a rare opportunity to live in a prime, city-fringe location with excellent connectivity, a reputable developer team, and modern lifestyle amenities. Whether as a home or an investment, it offers a unique blend of luxury, convenience, and growth potential in one of Singapore’s most desirable residential estates.
