Penrith

Penrith-Twin-Towers

PENRITH
New Launch Condominium at Queenstown

New Development at Margaret Drive/Queenstown

PENRITH
NEW LAUNCH
GOUCOLAND-HONG LEONG JV

Margaret Drive GLS Site - Landmark GLS Tender in District 03

The future of District 03 is being shaped by visionaries. GuocoLand, Hong Leong Holdings, and Hong Realty have placed a winning bid of $497 million ($1,154 psf ppr) for the Government Land Sales (GLS) site at Margaret Drive. This 102,498 sq ft parcel will soon host a 460-unit masterpiece. A private condo that blends architectural elegance with urban connectivity.

With a 99-year leasehold and prime location near Queenstown MRT, the New Launch Condominium promises unmatched value and prestige.

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Margaret-Drive-GLS-Site

Penrith - Majestic Twin Towers With Unblocked View In Queenstown | 2 to 4 Bedrooms

Penrith at Margaret Drive, a landmark 99-year leasehold condominium at 70 & 72 Margaret Drive, developed by GuocoLand, Hong Leong Holdings, and Hong Realty. With a winning land bid of $497 million ($1,154 psf ppr), this 462-unit residence offers spacious 2 to 4 bedroom layouts designed for modern families and discerning investors.

Penrith’s Early Childhood Development Centre is more than a convenience. It’s a cornerstone of community living. Designed to support families with young children, this purpose-built facility offers a safe, nurturing environment where early learning flourishes. Residents enjoy the peace of mind that comes with having quality childcare just steps from home, eliminating long commutes and allowing for greater work-life balance.

Located just minutes from Queenstown MRT and next to Queenstown Primary School, Penrith blends connectivity, education, and lifestyle in one coveted address.

Ideal for investors, upgraders & families or first-time buyer, this 99-year leasehold condo offers strong rental appeal and long-term capital growth in District 03.

Don't wait - Register interest now for Penrith!

Get Latest Updates via Inquiry Form below for Penrith.

Penrith | Facilities Overview

Penrith redefines upscale living with a curated suite of luxury condominium amenities that blend elegance, wellness, and recreation. The grand Arrival Court sets the tone for a refined residential experience, leading into lush landscapes like the Garden Alcove and Tranquility Patio. Wellness is at the heart of Penrith, with a 3-Generation Fitness Zone designed for holistic health across all life stages. The Recreation Plaza and Children’s Play Zone—featuring a Rolling Lawn, Splash Pool, and Children’s Playground—create dynamic spaces for family bonding. Entertain effortlessly at the Pool Pavilion with BBQ, or enjoy a match at the private tennis court, reserved exclusively for residents.

Get in touch now! Penrith where lifestyle meets location and value meets vision.

Short Walk to Queenstown MRT Station

At Penrith, connectivity isn’t just convenient to the residents - it’s empowering.

Queenstown MRT station just a 4mins walk to Penrith, located on Singapore’s vital East-West Line, offers residents unparalleled access to the city’s most dynamic districts. From the heart of District 3, commuters can reach the CBD, Jurong Gateway, or Changi Airport with ease—making it one of the most strategically positioned stations for both work and leisure.

For families, Queenstown MRT connects directly to educational hubs and shopping destinations like Buona Vista, Dover, and Tiong Bahru. For investors, it’s a transit node that drives rental demand and long-term capital appreciation. And for everyday residents, it’s the assurance of seamless mobility—rain or shine, peak or off-peak. Being within walking distance of Queenstown MRT means more than convenience. It means freedom. Freedom from traffic, freedom to explore, and freedom to live connected to everything that matters.

Register your interest today and experience seamless connectivity at Penrith!

New Launch Development at District 03

Why Choose This Upcoming New Launch?

- Prime Location in Prime District 03
Be part of one of Singapore’s most prestigious addresses at Queenstown in District 03.

- Exceptional MRT Connectivity
Enjoy seamless public transport with short walk to Queenstown MRT on the East-West Line.

- Early Childhood Development Centre
Designed for modern families who value both convenience and quality for early education for young ones.

- Thoughtful Layouts for Every Lifestyle
From cozy 2-bedroom units to spacious 4-bedroom homes, catering to all lifestyles.

- Minutes to Orchard Road
Enjoy quick access to Orchard Road shopping belt, Singapore’s retail and entertainment epicenter.

- Daily Convenience
Access to gourmet restaurants, supermarket, market, food centre at nearby Buona Vista, Dover and Tiong Bahru,

- Proven Track Record by Renowned Developers
Trust in the consortium of GuocoLand, Hong Leong Holdings and Hong Realty one of Singapore's most established developers with a reputation for quality and premium projects.

- Consistent Rental Yields in City Fringe
Enjoy high rental demand due to the prime location, transport links, and sought-after address.

- Great choice for 1st Time Buyers, Upgraders and Property Investors.
A strategic choice for HDB upgraders and real estate investors looking for long-term growth and rental income.

Get in touch now via Inquiry Form below to receive Brochure & Guide Price for Penrith!

Download floor plan and price list via Inquiry Form below for Penrith!

Floor Plan and Price List

Penrith Floor Plans Crafted for Prestige

At Penrith, every home is meticulously designed to embody modern luxury living in Singapore. Rising from the site in Queenstown, this unique development offers a versatile selection of floor plans tailored to meet the needs of both savvy property investors and discerning homeowners who value exclusivity.

The layouts range from stylish 2-Bedroom apartments ideal for young professionals and investors seeking strong rental appeal.

For those who need more room, the elegant 3-Bedroom provide generous living spaces designed for multi-generational living with refined comfort.

Discerning buyers will also appreciate the exclusive 4-Bedroom, offering expansive interiors for families who enjoy hosting in style.

With this diverse mix of floor plan options, Penrith presents not only a home, but also an enduring asset in District 03 that blends prestige, lifestyle, and long-term investment value.

Don’t miss this rare opportunity to own a property at Penrith!

Penrith Location

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Penrith at Margaret Drive

Penrith | Project Factsheet

462 units with a diverse layout from 2 Bedroom to 4 Bedroom

PROJECT FACTSHEETDESCRIPTION
Name:Penrith
Type:Condominium
Tenure:99 Years Leasehold
Developer:GuocoLand, Hong Leong Holdings, and Hong Realty
Address:70, 72 Margaret Drive
District:3
Site Area:9,522.3 sqm
Total Units:462
Nos. of Storey:2 Blocks of 40 Storey
Units Type:2 Bedroom to 4 Bedroom
Est. TOP:Apr-31

Penrith Developers' Background

GuocoLand Limited

GuocoLand Limited (“GuocoLand”) is a public company listed on the Singapore Exchange Securities Trading Limited since 1978. Headquartered in Singapore, the principal business activities of GuocoLand and its subsidiaries (“the Group”) are property development, property investment, property management and hotel operations.

The Group has established property operations in the geographical markets of Singapore, China and Malaysia, through a portfolio of quality integrated mixed-use developments as well as other premium residential, commercial, retail and hospitality developments. As a premier real estate group, GuocoLand is focused on achieving scalability, sustainability and growth in its core markets through its property development, investment and management businesses.

In recognition of its portfolio of quality, innovative developments and commitment to business excellence, the Group has been honoured with numerous awards and accolades both in Singapore and internationally.

The parent company of GuocoLand is Guoco Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. As at 30 June 2022, the Group has total assets of $12.3 billion and total equity attributable to ordinary equity holders of $4.3 billion.

Hong Leong Holdings

Hong Leong Holdings Limited is one of Singapore’s most established and reputable real estate developers, with a distinguished track record in property development and investment. Established in 1968, Hong Leong Holdings Limited is the privately-held property arm of the renowned Hong Leong Group Singapore, a diversified conglomerate with business interests spanning property, hotels, finance, and trade & industry. As one of the pioneers in Singapore’s thriving real estate industry, Hong Leong Holdings has built a solid reputation for delivering high-quality residential and commercial developments that stand the test of time.

With more than five decades of proven expertise, Hong Leong Holdings Limited has successfully developed and launched close to 100 residential projects in some of Singapore’s most sought-after locations. The company’s extensive residential portfolio spans a wide spectrum of housing types, from affordable executive condominiums to luxurious private residences, catering to a diverse range of homeowner needs and lifestyle preferences. Hong Leong Holdings is widely recognised for its commitment to creating thoughtfully designed living spaces, incorporating functional layouts, modern aesthetics, and sustainable features to enhance quality of life for its residents.

Beyond residential developments, Hong Leong Holdings also manages a number of prime commercial properties in Singapore, including its flagship Hong Leong Building located at 16 Raffles Quay in the heart of the Central Business District. This iconic skyscraper, completed in 1976, remains a key landmark in Singapore’s skyline and serves as a testament to the developer’s enduring legacy in shaping the urban landscape. The company’s commercial portfolio includes a mix of office towers, mixed-use developments, and retail spaces, reinforcing its strong presence in Singapore’s property investment market.

Hong Leong Holdings Limited is part of the larger Hong Leong Group Singapore, under the leadership of Executive Chairman Kwek Leng Beng. Within the Group’s real estate division, Hong Leong Holdings operates alongside City Developments Limited (CDL), a publicly listed global real estate company, and other property-related subsidiaries. This integrated structure allows Hong Leong Holdings to leverage synergies within the group and maintain a competitive edge in Singapore’s dynamic property sector.

The developer is also known for its unwavering focus on sustainability, quality craftsmanship, and customer satisfaction. Many of Hong Leong Holdings’ developments have been awarded prestigious accolades, including the Building and Construction Authority (BCA) Green Mark awards, in recognition of their eco-friendly features and energy-efficient designs. Projects such as The Avenir, Penrose, Commonwealth Towers, and Bartley Residences are among its notable recent launches, reflecting its continued commitment to architectural excellence and innovation.

Today, Hong Leong Holdings Limited continues to play a pivotal role in shaping Singapore’s property landscape. With its solid financial backing, strong brand reputation, and extensive experience in property development, Hong Leong Holdings remains a trusted name for both homeowners and investors. The company’s legacy of building quality homes, iconic commercial properties, and sustainable urban communities reinforces its position as a leading property developer in Singapore’s real estate market.

Hong Realty Pte Ltd

Incorporated in 1962, Hong Realty (Private) Limited is a property development and investment holding company of Hong Leong Group.
Headquartered in Singapore, Hong Realty has been involved in numerous en bloc acquisitions and residential development projects, including The Avenir, Amber Park, Midwood, and Coco Palms.

Showflat Viewing Registration is Now Opened!

Don't miss out on the opportunity to own a unit at Penrith.

Register your interest today and be among the first to receive updates on this exciting new launch.

FAQ About Penrith

Penrith – A landmark new condo by GuocoLand, Hong Leong Holdings and Hong Realty

Estimated April 2031 

The address of Penrith is 70 Margaret Drive.

Penrith is a 99 Year Leasehold development.

Penrith has a total of 462 residential units.

The nearest MRT station is Queenstown MRT station.

Penrith has 2 blocks of 40 storey tall.

Queenstown Primary School is within 1Km to Penrith.

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