All images are artist's impressions.
Analysis · Updated Aug 2026
01 · The essentials
About Penrith
Developer
Hong Leong Holdings & GuocoLand
Tenure
2031
Total Units
462
District
2–5
Expected TOP
2031
Address
Margaret Drive, Singapore (D3)
Status
Now Selling (last units)
02 · Units & Pricing
Indicative pricing
| Unit Type | Size (sqft) | Indicative Price | Availability |
|---|---|---|---|
| 2 Bedroom | 614-614 | $1,788,000 | ● 5 left |
03 · Location
MRT, shopping & more
MRT & Transport
Shopping & Lifestyle
& Lifestyle & Lifestyle & Lifestyle & Lifestyle & Lifestyle & Dining Queensway Centre, Tiong Bahru and Holland Village nearby. Schools acros
Schools
across the Queens across the Queenstown / T across the Queenstown / T across the Queenstown / T across the Queenstown / Tiong Ba
Healthcare & Dining
& Dining & Dining Si & Dining & Dining Singapore General Hospital a & Dining & Dining Singapore General Hos
04 · Analysis
Emmeline’s assessment
Strongest Feature
This is the first private residential launch in Queenstown since 2018, sitting just a short ~3-4 minute sheltered walk from Queenstown MRT on the East-West Line. Rare city-fringe land in a hot selling estate, with strong developer pedigree (Hong Leong/GuocoLand).
Main Consideration
Be honest — it’s priced at a premium (from around $2,437 psf), consistent with Queenstown’s popularity and its scarcity. As at August 2026 it’s into its later stage (only limited units left — the extract shows just 7 x 2BR remaining), so choice of stack and view has narrowed considerably.
Who This Suits
Buyers who want the highly sought-after Queenstown address with genuine MRT convenience, great resale appeal and strong schools around — and who are comfortable with a premium entry price.
Who Should Skip
The budget-conscious, or anyone who wants a full menu of layouts and units to pick from this far into the campaign.
Own-Stay Outlook
Excellent — a well-located, convenient city-fringe home close to Queenstown’s established amenities (Queensway, Anchorpoint, the Alexandra belt), and a sheltered walk to the train rain or shine. A great place to live if the price sits right with you.
Investment Angle
Queenstown’s resale demand and its scarcity as a launch (first since 2018) underpin a compelling story, but the high psf means entry price is everything. The new areas coming up nearby should support values over the longer term.
05 · Questions
FAQs
Is Penrith freehold?
No, it’s a 99-year leasehold.
Who’s the developer?
Hong Leong Holdings, together with Hong Realty and GuocoLand.
How many units are there?
462 units across two 40-storey towers, from 2- to 4-bedroom.
When is TOP?
Expected around 2031 [verify: exact TOP].
Which district is it in?
D3, on Margaret Drive in Queenstown.
What’s the availability and pricing?
Late-stage as at August 2026 with limited units (roughly 7 x 2BR left in the extract) — from ~$2,437 psf. Contact me for current inventory.
How far to the MRT?
Queenstown MRT (EW19, East-West Line) is about a 3-4 minute sheltered walk — genuinely convenient.
Is this an EC?
No, it’s a private condo, so no HDB eligibility or MOP restrictions apply.
Can you register interest?
Of course — message me and I’ll check the latest available units and arrange a showflat visit. —
Reviewed by Emmeline Koh
Emmeline is a Singapore property agent advising homeowners, HDB upgraders and private-property buyers. Her new-launch analyses focus on affordability, buyer suitability, exit competition and comparisons with resale alternatives.
CEA Reg R045542G · PropNex Realty · Last updated: August 2026 · Sources: developer materials / PropNex project site, URA, OneMap.