Penrith Condominium: Redefining Urban Living at Margaret Drive
In the heart of Queenstown—one of Singapore’s oldest and most beloved neighborhoods—an exciting new chapter in urban living is about to unfold. Penrith Condominium (https://penrithcondominium.sg/), developed by industry giants GuocoLand and Hong Leong Holdings, brings a new benchmark of design, convenience, and lifestyle to District 3. With 40 storeys and 462 residential units, this upcoming development along Margaret Drive blends heritage with modernity, making it one of the most anticipated projects of 2025.
A Landmark in Queenstown
Penrith sits on an expansive 9,526 sqm site, offering a rare opportunity to live in one of Singapore’s most sought-after districts. As a 99-year leasehold development, it has been carefully conceptualized to serve the needs of professionals, families, and investors alike. GuocoLand’s reputation for delivering high-quality, lifestyle-driven residences ensures that Penrith will not simply be another condominium but a landmark residence that enriches Queenstown’s evolving skyline.
Prime Location, Seamless Connectivity
Location is everything in real estate, and Penrith delivers on every front. Situated a short walk from Queenstown MRT station on the East-West Line, residents will enjoy direct access to the Central Business District, Orchard Road, and Jurong East. A commute to Raffles Place, for example, takes just 15 minutes—making it a dream for city professionals.
For those who drive, major expressways such as the Ayer-Rajah Expressway (AYE), Bukit Timah Expressway (BKE), and Pan-Island Expressway (PIE) are easily accessible. Bus routes along Margaret Drive and Commonwealth Avenue further enhance connectivity, ensuring residents are never far from where they need to be.
Amenities at Your Doorstep
Penrith’s location in Queenstown offers unparalleled access to everyday conveniences. Shoppers will appreciate Queensway Shopping Centre and Anchorpoint Shopping Centre, while IKEA Alexandra is just a short drive away. For groceries and essentials, Cold Storage and NTUC FairPrice are close at hand. Foodies can indulge in Singapore’s famed hawker culture at Alexandra Village Food Centre and Mei Ling Market, where local classics such as chicken rice and laksa await.
Families will find excellent education options within the vicinity, including Queenstown Primary School, Crescent Girls’ School, and Gan Eng Seng School. Preschools like Small Wonder and Children’s Cove provide early learning opportunities, while the National University of Singapore (NUS) is within easy reach for higher education.
Recreation is equally abundant. Green havens such as HortPark, the Rail Corridor, and the Singapore Botanic Gardens provide a natural escape from urban life, ideal for jogging, cycling, or leisurely family outings.
Luxurious Facilities for Every Lifestyle
Though full details of the site plan and floor plans are still to come, GuocoLand’s portfolio suggests residents can expect a thoughtfully curated suite of facilities. Likely highlights include:
Swimming Pools: Infinity and children’s pools set amidst lush landscaping.
Fitness Hub: A state-of-the-art gym and yoga deck for wellness seekers.
Clubhouse & Function Rooms: Perfect for celebrations or private gatherings.
BBQ Pavilions & Sky Terraces: Spaces for relaxed socializing and outdoor dining.
Children’s Play Areas: Safe, engaging environments for young residents.
Landscaped Gardens: Green sanctuaries designed for quiet reflection or evening strolls.
In line with Singapore’s sustainability goals, eco-friendly features such as solar panels or rainwater harvesting may also be introduced, echoing GuocoLand’s commitment to green living.
Investment Potential: Growth in Queenstown
For investors, Penrith represents not only a premium home but also a promising asset. Queenstown is undergoing transformation under the URA Master Plan, with nearby rejuvenation projects in the Dawson estate and the massive Greater Southern Waterfront initiative. This urban extension will introduce new commercial, residential, and recreational spaces along Singapore’s southern coastline, significantly boosting the value of surrounding neighborhoods.
The result? Penrith stands to benefit from long-term appreciation as the area evolves into a vibrant and highly connected hub.
Flexible Living Spaces
Penrith is expected to offer a wide range of unit types—from compact one-bedroom apartments ideal for young professionals to expansive five-bedroom residences tailored for families. Smart layouts, modern finishes, and an emphasis on natural light will define its interiors. Prospective buyers can preview these spaces at the Penrith Showflat, open daily by appointment from 10 AM to 7 PM.
Pricing Outlook
While final prices are set to be announced closer to launch, several factors suggest strong value:
Location Premium: Walking distance to MRT and top schools.
Developer Reputation: GuocoLand’s proven track record of high-end projects.
Amenities: Luxury facilities designed for long-term lifestyle appeal.
Market Trends: District 3’s resilience and growth trajectory, reinforced by upcoming infrastructure projects.
Early registrants can secure VVIP Preview passes and enjoy direct developer pricing with discounts—a valuable opportunity in Singapore’s competitive property market.
Why Penrith?
Six key reasons make Penrith an exceptional choice:
A prime address in mature Queenstown, offering unmatched convenience.
Seamless connectivity via MRT, expressways, and public transport.
Developed by trusted leaders GuocoLand and Hong Leong Holdings.
A full suite of lifestyle amenities that elevate daily living.
Exceptional investment potential driven by URA’s transformation plans.
A unique lifestyle appeal, balancing heritage charm with modern sophistication.
Penrith Condominium at Margaret Drive is more than just a residence—it is a lifestyle statement. From its strategic location and luxury amenities to its strong investment outlook, every element has been carefully crafted to meet the demands of today’s discerning buyers. Whether you are looking for a dream home in the heart of Singapore or a future-proof investment, Penrith offers both.