Penrith

Penrith is a 99-year leasehold condominium developed by a formidable joint venture of GuocoLand, Hong Leong Holdings, Intrepid Investments, and Hong Realty, situated on Margaret Drive in the mature Queenstown neighbourhood of District 3, Singapore.

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Development Snapshot

• Number of Units: Approximately 460–462 residential units in one block or two towers (sources vary slightly).

• Unit Mix: A well-rounded selection ranging from 1-bedroom to 5-bedroom units, catering to singles, families, and investors.

• Site Area & Land Cost: The development occupies approximately 9,522–9,526 sqm (≈102,500 sq ft) and was acquired at S$1,154 psf per plot ratio for S$497 million in August 2024.

• Tenure & Timeline: A classic 99-year leasehold with showflat preview anticipated in Q4 2025, and TOP (Temporary Occupation Permit) expected by 2029.

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Location & Connectivity

• Prime City-Fringe Positioning: Located in Queenstown, one of Singapore’s longest-established estates that blends residential charm with modern urban conveniences.

• Transport Connectivity: A short 2–5 minute walk to Queenstown MRT Station (East–West Line), with easy access to CBD, Orchard Road, Jurong East, and Buona Vista Interchange (Circle Line). Car access is also facilitated via the AYE, CTE, and PIE.

• Future-Proofed Value: The area stands to benefit from URA’s redevelopment plans, including the Greater Southern Waterfront and Dawson Estate Renewal, reinforcing long-term investment appeal

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