Penrith

Penrith marks a significant milestone as Queenstown’s first major private residential launch in seven years. Developed by Hong Leong Holdings, in partnership with Intrepid Investments Pte. Ltd. and GuocoLand (Singapore) Pte. Ltd., this 462-unit project is ideally situated along Margaret Drive, in a district renowned for its premium HDB resale prices and mature amenities. With construction ongoing and an expected TOP in 2029, Penrith is already drawing strong anticipation from HDB upgraders, young families, and city-fringe investors seeking a balance of convenience, community, and growth potential.

Location and Accessibility
Penrith is strategically positioned in Queenstown (District 03), a city-fringe location known for its centrality and established infrastructure. Residents will enjoy a short five-minute walk (~700m) to Queenstown MRT, offering seamless access to the East-West Line. Key expressways, including the AYE and CTE, facilitate a 10–15 minute drive to the central business district and Orchard Road, ideal for working professionals.

Families benefit from proximity to reputable schools such as Queenstown Primary, New Town Primary, Alexandra Primary, and Gan Eng Seng Primary, while younger children can access quality pre-school options like PCF Sparkletots, E-Bridge, and My First Skool. The development is also adjacent to lifestyle amenities including the Margaret Drive Hawker Centre, IKEA Alexandra, Alexandra Central, and Alexandra Canal Linear Park, providing both convenience and recreation opportunities.

Penrith Development and Site Layout Spanning 102,498 sq ft (approximately 9,522.3 sqm), Penrith features two 40-storey residential towers designed with family-oriented living in mind. The development’s master plan incorporates generous green spaces, walkways, and recreational facilities positioned between the towers.

Penrith Key amenities include:
50m lap pool and kids’ pool
Full-sized tennis court and playground
Early childhood development centre on-site
Function rooms and club facilities
Drop-off points for convenience and safety
The design emphasizes a holistic lifestyle experience, combining modern functionality with the serene appeal of Alexandra Canal Linear Park and nearby nature routes connecting to Robertson Quay and Marina Bay.

Penrith Unit Mix and Layouts
Penrith offers a practical range of layouts focusing on family and upgrader segments:
2-bedroom units: 614–678 sq ft, comprising 33% (154 units)
3-bedroom units: 786–1,060 sq ft, comprising 42% (194 units)
4-bedroom units: 1,173–1,281 sq ft, comprising 25% (114 units)

Smaller one-bedroom units are notably absent, reflecting the strategic targeting of HDB upgraders, young couples, and long-term owner-occupiers who prioritize livable space, utility, and future resale value.
Design Concept
Penrith incorporates design influences inspired by Cumbria, England, infusing English architectural elements into modern Singaporean living. Landscaped gardens, gazebos, and communal areas are crafted to evoke a sense of heritage and refinement while maintaining contemporary functionality, ensuring residents experience both aesthetic appeal and everyday convenience.

Penrith Pricing Context
Indicative pricing at launch starts as:
2-bedroom: $1.495M ($2,437 psf)
2-bedroom Premium: $1.665M ($2,455 psf)
3-bedroom: $1.973M ($2,511 psf)
4-bedroom: $3.078M ($2,623 psf)

These prices position Penrith competitively relative to recent Queenstown launches such as Stirling Residences, Queens Peak, Commonwealth Towers, and Margaret Ville, while a slightly higher psf reflects the project’s modern facilities and location in a sought-after enclave.

Penrith emerges as a well-rounded new launch in Queenstown, combining strategic location, thoughtful family-oriented unit planning, and contemporary amenities influenced by classic English design. It represents a timely opportunity for HDB upgraders, young families, and city-fringe investors to partake in one of the rare new launches in a mature, high-demand district with strong historical resale performance. Whether as a first private property purchase or a long-term investment, Penrith appeals to buyers seeking both lifestyle convenience and enduring value.
Launch Date Highlights:
Showflat Preview: 3–14 October 2025
Official Sales Launch: 18 October 2025
Expected TOP: 2029
Leasehold: 99 years
Penrith stands as a compelling addition to Queenstown, offering modern living, central connectivity, and investment potential in a market-starved city-fringe enclave.