Introduction
The upcoming launch of Penrith by GuocoLand is set to generate strong excitement in Singapore’s property market. Strategically located along Margaret Drive in Queenstown (District 3), Penrith is a 99-year leasehold condominium jointly developed by GuocoLand, Hong Leong Holdings, and Hong Realty. With its anticipated VVIP preview in October 2025, this new project will combine modern architectural design, well-planned facilities, and a location that balances convenience with lifestyle appeal.
As Queenstown continues to transform through urban rejuvenation projects, Penrith positions itself as a rare residential opportunity that brings together connectivity, greenery, and quality living in a mature estate.
Prime Location and Lifestyle Convenience
One of Penrith’s strongest selling points is its location. Queenstown MRT Station on the East-West Line is only a short 2–4 minutes’ walk away, offering direct access to major hubs such as Raffles Place, Tanjong Pagar, Orchard, and Jurong East. For residents who drive, connectivity is equally efficient via the Ayer Rajah Expressway (AYE) and Central Expressway (CTE).
The Margaret Drive neighborhood is also supported by a wide range of amenities. Shopping centers such as IKEA Alexandra, Anchorpoint Mall, and Queensway Shopping Centre are nearby, while larger retail destinations like ION Orchard and VivoCity are within short commuting distance. Residents will also enjoy easy access to local food centers, wet markets, and supermarkets, making everyday living both convenient and vibrant.
Families with children will find Penrith’s location particularly attractive, with several reputable schools within proximity. Queenstown Primary School (within 1 km), Gan Eng Seng Primary, Alexandra Primary, Crescent Girls’ School, and Anglo-Chinese School (Independent) are among the many established institutions nearby.
Project Highlights and Features
Built on a site area of approximately 102,497 square feet, Penrith is expected to feature about 462 residential units across one or two modern towers. The development will cater to a broad range of homebuyers, from singles seeking compact units to families looking for larger layouts.
Anticipated Key Features:
- Diverse Unit Mix: Ranging from two-bedroom apartments to spacious five-bedroom configurations.
- Lifestyle Facilities: Swimming pools, gyms, landscaped gardens, co-working spaces, function rooms, and children’s play areas are expected to be included.
- Smart Living Enhancements: Home automation systems for convenience and energy efficiency.
- Sustainable Design: Incorporating eco-friendly initiatives that align with Singapore’s green living standards.
The project is slated for completion in 2029, offering a well-balanced development that emphasizes exclusivity without overwhelming density.
Investment Potential
Penrith offers an attractive proposition for both homeowners and investors. The land parcel was acquired at S$497 million (or S$1,154 psf ppr), and analysts expect launch prices to start from around S$2,600 psf. Several factors contribute to its strong investment outlook:
- City-Fringe Location: Being close to the Central Business District and Orchard positions Penrith as a highly sought-after address.
- Strong Rental Demand: Proximity to One-North, Alexandra Business Park, and Mapletree Business City ensures steady rental interest from professionals and expatriates.
- District 3 Transformation: Ongoing upgrades and the Greater Southern Waterfront master plan will further enhance the area’s desirability and long-term value.
- Limited Supply in Mature Estates: Few new launch sites are available in Queenstown, making Penrith a rare opportunity for buyers.
Developer Profile
GuocoLand has a proven track record of delivering high-quality projects such as Midtown Bay, Martin Modern, and Wallich Residence. Together with Hong Leong Holdings and Hong Realty, the consortium combines decades of expertise in developing luxury properties. Their focus on architectural excellence, sustainability, and resident experience ensures Penrith will be a benchmark development in the Queenstown district.
Conclusion
Penrith by GuocoLand at Margaret Drive is set to be one of Singapore’s most anticipated residential launches in 2025. With its unbeatable location, modern amenities, and backing by experienced developers, it presents a compelling choice for both homebuyers seeking urban convenience and investors looking for long-term growth.
The VVIP preview in October 2025 is expected to draw strong interest, and early registrants will have the advantage of priority unit selection and developer promotions. For those eyeing a city-fringe property that blends lifestyle, convenience, and investment value, Penrith stands out as a development worth securing.