Penrith by GuocoLand: A Rare Opportunity to Purchase a New Condominium at Queenstown, Singapore

Introduction

Penrith Condo is an exciting upcoming addition to Singapore’s city-fringe property market, offering luxury living in the heart of District 3. Developed through a strong collaboration between GuocoLand, Hong Leong Holdings, and Intrepid Investments, this 99-year leasehold development will occupy a prime site along Margaret Drive in Queenstown.

With an anticipated launch in late 2025 and completion scheduled for 2029, Penrith Condo is the first major new residential development in the area in around eight years, following the well-received Stirling Residences, making it a rare and highly desirable offering.

Premium Location in a Mature Estate

Set within Queenstown’s well-established neighbourhood, Penrith Condo enjoys a balance of convenience and tranquillity. The site spans about 102,498 sq ft with a plot ratio of 4.2, creating space for approximately 460 residential units.

Residents will benefit from easy access to both the Central Business District and Orchard Road, while also enjoying nearby parks, schools, and dining options. Queenstown’s mature infrastructure ensures that transport links, shopping centres, and community facilities are already in place.

Reputable Developers Behind the Project

The land was purchased in August 2024 for S$497 million, equivalent to S$1,154 psf ppr by a GuocoLand-led consortium, including Hong Leong Holdings via Intrepid Investments and Hong Realty.

• GuocoLand is recognized for its high-quality developments that combine smart layouts, stylish design, and eco-friendly features.
  
• Hong Leong Holdings adds a track record of reliability and long-term value creation in the residential sector.
  

This partnership ensures Penrith Condo will be crafted to exacting standards.

Homes Designed for Modern Living

While the exact floor plans are yet to be announced, Penrith Condo is expected to offer a variety of unit types ranging from 1-bedroom apartments to spacious 5-bedroom residences.

Potential design highlights include:

• Open-concept layouts to maximize usable space
  
• Large windows for natural light and ventilation
  
• Premium interior finishes and fixtures
  
• Sustainable, energy-efficient features
  

Lifestyle Amenities for All Ages

Residents will enjoy access to a comprehensive suite of facilities designed for relaxation, recreation, and wellness, such as:

• 50-metre lap pool with poolside decks
  
• Fully equipped gymnasium
  
• Children’s play areas and family activity zones
  
• Function rooms for events and gatherings
  
• Spa corners and landscaped green spaces
  

The integration of greenery and open areas will create a resort-like atmosphere within the development.

Seamless Connectivity and Nearby Facilities

Penrith Condo offers excellent connectivity, with Queenstown MRT Station just a 3–5 minute walk away. Major expressways like AYE, CTE, and PIE provide quick road access to the rest of the island.

Nearby amenities include:

• Shopping: Anchorpoint, Queensway Shopping Centre, IKEA Alexandra
  
• Food: Margaret Drive Hawker Centre, Dawson Mall eateries
  
• Recreation: Alexandra Canal Linear Park, Rail Corridor
  
• Healthcare: Alexandra Hospital, National University Hospital
  

Close to Reputable Schools

Families will benefit from the development’s proximity to a range of educational institutions:

• Queenstown Primary School – next to the site
  
• New Town Primary and Queensway Secondary School – nearby
  
• International schools like Tanglin Trust School and ISS International School – within a short drive
  

Conclusion

Penrith Condo at Margaret Drive offers a rare combination of prime location, trusted developers, and exceptional lifestyle amenities. As one of the few new launches in this mature, well-connected neighbourhood, it is an ideal choice for homeowners and investors seeking long-term value and quality living.