Introduction
Penrith Condo is poised to become a landmark residential development in Singapore’s vibrant District 3. This 99-year leasehold project, led by GuocoLand in partnership with Hong Leong Holdings and Intrepid Investments, will soon rise along Margaret Drive, one of the most sought-after addresses in the established Queenstown estate.
Expected to launch in late 2025 with completion targeted for 2029, Penrith Condo stands out as the first major condominium launch in the area in roughly eight years, following the success of Stirling Residences. Its strategic location, quality design, and limited availability make it a rare and attractive proposition for buyers and investors alike.
Unmatched Location in a Mature Neighbourhood
Set within Queenstown’s well-developed landscape, Penrith Condo offers the perfect mix of modern connectivity and serene living. Spanning about 102,498 square feet with a plot ratio of 4.2, the site will accommodate approximately 460 residential units.
This prime location places residents within quick reach of the Central Business District, Orchard Road, and key lifestyle destinations, while also providing access to neighbourhood parks, schools, and community amenities.
A Collaboration of Experienced Developers
The land parcel was secured in August 2024 for S$497 million, translating to S$1,154 psf ppr, by a consortium led by GuocoLand, alongside Hong Leong Holdings through Intrepid Investments and Hong Realty.
- GuocoLand brings a strong track record of delivering luxury homes with intelligent layouts and sustainable features.
- Hong Leong Holdings adds decades of industry expertise and a reputation for creating developments with enduring appeal.
This partnership ensures that Penrith Condo will meet high standards in architecture, functionality, and long-term value.
Homes Designed for Comfort and Style
While detailed floor plans are yet to be revealed, Penrith Condo is expected to offer a wide range of layouts, from compact 1-bedroom units to expansive 5-bedroom homes, catering to singles, couples, and multi-generational families.
Key design elements will likely include:
- Open-plan living areas for flexibility
- Large windows to maximize light and airflow
- High-quality fittings and finishes
- Energy-efficient systems for sustainable living
Lifestyle Amenities for Every Resident
Penrith Condo will be equipped with an impressive suite of facilities designed for recreation, relaxation, and wellness, including:
- 50-metre swimming pool with sun decks
- Fully equipped gymnasium
- Children’s play areas and family zones
- Function rooms for gatherings and events
- Spa corners and landscaped green spaces
The inclusion of lush landscaping and eco-friendly features will create a welcoming environment for residents to enjoy every day.
Seamless Connectivity and Nearby Conveniences
A major highlight of Penrith Condo is its proximity to Queenstown MRT Station, just a 3–5 minute walk away, providing easy access across Singapore. Motorists will also benefit from nearby expressways like AYE, CTE, and PIE.
The development is surrounded by everyday conveniences, including:
- Shopping: Anchorpoint, Queensway Shopping Centre, IKEA Alexandra
- Dining: Margaret Drive Hawker Centre, Dawson Mall
- Recreation: Alexandra Canal Linear Park, Rail Corridor
- Healthcare: Alexandra Hospital, National University Hospital
Close to Quality Schools
Families will appreciate the abundance of reputable schools nearby, such as:
- Queenstown Primary School – right next to the site
- New Town Primary School and Queensway Secondary School – within close reach
- International institutions like Tanglin Trust School and ISS International School – just a short drive away
Conclusion
With its prime location, reputable developer team, and thoughtfully planned facilities, Penrith Condo is set to become a standout address in Queenstown. As one of the few new launches in this mature estate, it offers both a quality home and a strong investment opportunity.
