2–5 · Now Selling (last units)

Penrith.

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Penrith
8.6
/10
★★★★★

Independently assessed by Emmeline

Independent Analysis · Updated Aug 2026

462
Units
–
Tenure
2031
TOP
2–5
District
2–5
Layouts
The essentials

About Penrith

–
Tenure

462
Units

By

2–5
Location

2–5

Penrith at a Glance
DeveloperHong Leong Holdings & GuocoLand
Tenure2031
Total Units462
District2–5
Expected TOP2031
AddressMargaret Drive, Singapore (D3)
StatusNow Selling (last units)

Units & Pricing

Indicative pricing

Unit Type Size (sqft) Indicative Price Availability
2 Bedroom 614-614 $1,798,000 ● 6 left

Contact Emmeline to confirm current availability and developer-direct pricing.

Location

MRT, shopping & more

MRT & Transport

Shopping & Lifestyle

  • & Lifestyle & Lifestyle & Lifestyle & Dining Queensway Centre, Tiong Bahru and Holland Village nearby. Schools across the Queenstown / T

Schools

  • across the Queenstown / T across the Queenstown / T across the Queenstown / Tiong Bahru school belt. Healthcare & Dining Si

Healthcare & Dining

  • & Dining Singapore General Hospital a & Dining & Dining Singapore General Hospital and nearby clinics. &
Independent 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.

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 with more than 15 years of experience 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.

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