Table of Contents
Introduction
Penrith, an upcoming condominium by GuocoLand in collaboration with Hong Leong Holdings, is poised to be a highlight of Singapore’s residential market. Located in Queenstown’s Margaret Drive within District 3, this 99-year leasehold project combines luxury living with the practicality of a mature, well-established neighborhood. With its VVIP preview slated for October 2025, Penrith offers discerning buyers a rare opportunity to own a home in one of Singapore’s most sought-after city-fringe districts.
Location and Connectivity
Penrith’s address at Margaret Drive offers a winning combination of connectivity and convenience. Just a short 2–4 minute stroll from Queenstown MRT Station, residents will enjoy fast, direct travel to the Central Business District, Orchard Road, and Jurong East. Its strategic location also places it within two stops of Buona Vista MRT Interchange, linking commuters to the Circle Line. Motorists benefit from swift access to key expressways, including the AYE and CTE, ensuring smooth travel across the island.
The Queenstown estate itself enriches daily life with its wide range of amenities. Families will appreciate the nearby educational institutions such as Queenstown Primary School (within 1 km), Gan Eng Seng Primary School, and Alexandra Primary School. Shopping and lifestyle needs are easily met with Anchorpoint Shopping Centre, Queensway Shopping Centre, and IKEA Alexandra, along with local markets, food courts, and supermarkets.
Project Features
Occupying a land size of about 102,497 square feet, Penrith is expected to deliver approximately 462 exclusive homes housed in two sleek towers. While detailed floor plans are yet to be unveiled, buyers can look forward to a thoughtfully curated mix of layouts catering to singles, young couples, and multi-generational families alike.
With an estimated completion in 2029, the development will integrate modern architecture with resident-focused features. Anticipated facilities include a lap pool, gymnasium, landscaped gardens, social spaces, and smart home provisions, ensuring a lifestyle that blends leisure, wellness, and convenience.
Developer Background
Penrith is the product of GuocoLand’s proven expertise in delivering high-quality residential developments, together with Hong Leong Holdings’ strong reputation in real estate. This collaboration guarantees a condominium that not only boasts stylish design but also long-term investment value. Both developers have a strong portfolio of award-winning projects in Singapore, reinforcing buyer confidence in the upcoming launch.
Investment Potential and Launch Details
Penrith’s VVIP Preview in October 2025 is expected to attract strong interest. Several factors enhance its investment appeal:
- Rare new launch within Queenstown’s established city-fringe location
- Strong rental demand from professionals in nearby hubs such as One-North and the CBD
- Long-term value uplift from urban rejuvenation projects in District 3
- Reputable developers with a solid track record
For early registrants, the preview phase offers priority access to units and potential launch incentives, making it an ideal time to secure interest in this limited collection.
Conclusion
Set in the heart of Queenstown’s vibrant Margaret Drive, Penrith by GuocoLand and Hong Leong Holdings brings together connectivity, convenience, and contemporary luxury. As the launch approaches, buyers and investors have a timely opportunity to secure a residence that balances modern comforts with future growth potential. With the showflat opening in October 2025, Penrith is poised to become one of the most desirable new launches in Singapore’s city-fringe market.
