*The information is subject to change and photos/images used are for illustration purposes only.

Penrith

Penrith is a new development by  consortium comprising GuocoLand, Intrepid Investments (a unit of Hong Leong Holdings), and Hong Realty (part of the Hong Leong Group) which placed the top bid of $497 million for the Government Land Sales (GLS) site at Margaret Drive. This works out to $1,154 per square foot per plot ratio (psf ppr). The 99-year leasehold site spans 102,498 square feet and is expected to be developed into a new private condominium with approximately 460 units.

Located in the mature Queenstown estate, the Margaret Drive site was launched in May under the Confirmed List of the 1H2024 GLS programme. It is within walking distance of Queenstown MRT station on the East-West Line and next to Queenstown Primary School.

The site is also adjacent to SkyOasis @ Dawson, where a five-room flat (1,195 sq ft) was sold for a record $1.73 million ($1,444 psf) in June.

This marks the first GLS plot on Margaret Drive to be released in eight years. The last was in December 2016, which attracted 14 bids. MCL Land secured that site for $238.4 million ($998 psf ppr) and later launched the 309-unit Margaret Ville in June 2018 at an average price of $1,880 psf. The project was fully sold and completed in 2021. Based on URA caveats as of August 1, Margaret Ville recorded eight transactions this year at an average of $2,139 psf. The latest sale was for an 829 sq ft, two-bedroom unit on the 33rd floor, sold for $1.85 million ($2,232 psf) on June 21.
Mohan Sandrasegeran, head of research and data analytics at SRI, says Penrith could benefit from the upcoming redevelopment of the Tanglin Halt HDB estate, which is expected to feature 5,500 new homes, a hawker centre, a market, and a polyclinic within an integrated hub.
He anticipates launch prices for Penrith to range between $2,500 and $2,600 psf.

*The information is subject to change and photos/images used are for illustration purposes only.

Penrith Near to Major Transport Options and Roads

Penrith is strategically located in the mature and well-established Queenstown estate, a neighbourhood that is highly regarded for its connectivity and accessibility. One of the most significant advantages of Penrith’s location is its close proximity to Queenstown MRT station, which is part of Singapore’s East-West Line. This line is among the country’s most important train routes, connecting the western and eastern parts of the island through central areas such as Buona Vista, Tanjong Pagar, and City Hall. For residents of Penrith, the MRT station is just a short walk away, making daily commuting to the Central Business District, Orchard Road, and even Changi Airport highly convenient. The East-West Line also intersects with other major MRT lines, allowing residents seamless access to almost every part of Singapore via the rail network.

Beyond the MRT, Penrith is well-connected through an efficient network of roads and expressways. The development is located near Commonwealth Avenue, a major arterial road that connects directly to the Ayer Rajah Expressway (AYE), enabling easy access to the city and the western parts of Singapore, including Jurong Gateway and the upcoming Jurong Lake District. From the AYE, drivers can also link to the Central Expressway (CTE), the Pan-Island Expressway (PIE), and the Marina Coastal Expressway (MCE), making travel to places such as Marina Bay, Bishan, or the airport smooth and efficient. Whether heading into town or out to the suburbs, residents with cars will find that Penrith offers a strategic base for convenient driving routes across the island.

For those who prefer public buses, Penrith is served by several bus stops located along Margaret Drive and Commonwealth Avenue. These stops are connected to bus services that provide direct routes to major employment nodes, shopping belts, and educational institutions. Buses also complement the MRT system by reaching destinations that are not directly served by train stations. This variety in public transport options enhances the mobility of residents and provides a high level of flexibility for different commuting needs. The public transport system in Queenstown is also known for its reliability and frequency, making it easy for residents to plan their journeys without long wait times or complex transfers.

Penrith’s location also supports a car-lite and pedestrian-friendly lifestyle. The area around the development is equipped with wide pavements, barrier-free access, and pedestrian crossings that allow residents to move safely and comfortably on foot. For cyclists, there are dedicated paths and connections to the Park Connector Network (PCN), including the nearby Alexandra Canal Linear Park and the Rail Corridor. These green corridors not only provide recreational opportunities but also offer alternative commuting options for those who prefer cycling to work or school. The increasing emphasis on sustainable urban transport means that Penrith is well-positioned to meet the evolving needs of eco-conscious residents.

Residents with school-going children will appreciate how easy it is to reach educational institutions via the surrounding transport infrastructure. Reputable schools such as Queenstown Primary School, New Town Primary School, and Crescent Girls’ School are all located nearby and accessible either on foot or via short bus or MRT rides. For higher education, Penrith’s location offers convenient travel to Singapore Polytechnic, the National University of Singapore (NUS), and the Singapore Institute of Technology (SIT). With such strong connectivity to educational hubs, Penrith is an ideal choice for families looking for a central and convenient place to call home.

Penrith is also close to a wide range of amenities that are easily reachable by public or private transport. Retail and dining options are plentiful in the nearby precincts of Dawson, Alexandra, and Redhill. Malls such as Anchorpoint Shopping Centre, Queensway Shopping Centre, and IKEA Alexandra offer a mix of supermarkets, F&B outlets, lifestyle stores, and furniture retailers. These shopping destinations are all within a 5- to 10-minute drive and are also accessible via bus or MRT. For everyday conveniences, residents can visit the nearby Dawson Place, which houses a FairPrice supermarket, clinics, and food options. The presence of hawker centres and wet markets in the vicinity, such as Mei Ling Market and Tanglin Halt Market, also adds to the neighbourhood’s vibrancy and charm.

Another major advantage of Penrith’s location is its proximity to healthcare facilities. Alexandra Hospital is just a short drive away, while National University Hospital (NUH) and Gleneagles Hospital are also easily accessible by car or public transport. The presence of nearby healthcare centres ensures that residents can receive timely medical attention and specialist care whenever necessary, contributing to peace of mind for both young families and older residents alike. In addition, the future redevelopment of Tanglin Halt is expected to include a new integrated hub with a hawker centre, market, and polyclinic, further enhancing the area’s accessibility to essential services.

Penrith is also well-positioned to benefit from long-term urban planning initiatives and future infrastructure upgrades. The Urban Redevelopment Authority (URA) has plans to rejuvenate the Tanglin Halt and Queenstown precincts, with enhancements in connectivity, green spaces, and amenities. As part of these plans, transport infrastructure in the area will be improved with better pedestrian linkages, new cycling paths, and enhanced public transit options. These improvements are expected to uplift the overall living environment and property values in the area. Penrith, being one of the new private condominiums in this evolving landscape, stands to gain from the transformation of the neighbourhood into a more vibrant, well-connected, and inclusive community.

In terms of investment potential, Penrith’s connectivity to major roads and transport nodes gives it a distinct edge. Properties located near MRT stations and expressways consistently show stronger demand and capital appreciation over time. The ease of access to key employment centres, schools, and amenities makes Penrith an attractive option not just for homeowners but also for investors targeting rental income. The location appeals to a wide tenant base, including expatriates, professionals, and families, all of whom value accessibility and convenience in their housing choices.

Ultimately, Penrith offers a well-rounded and connected living experience. Its location near Queenstown MRT station, major expressways, and a robust public transport network makes it an ideal choice for residents seeking both convenience and mobility. Whether commuting to work, attending school, running errands, or exploring the city, Penrith’s transport links ensure that every journey is efficient and hassle-free. This connectivity, coupled with the area’s ongoing transformation and rich array of amenities, positions Penrith as one of the most desirable and future-ready addresses in central Singapore.

Penrith Near to Shopping Centres and Good Food Options

Penrith’s location in the mature estate of Queenstown offers residents the distinct advantage of being surrounded by a wide variety of shopping centres and dining options. From large retail malls to charming local eateries and heritage hawker centres, the area is a haven for convenience and lifestyle offerings. This makes Penrith a highly attractive choice for those who value having everyday essentials, leisure destinations, and gastronomic delights all within close proximity to home. The convenience of having so many amenities nearby means residents can enjoy a fulfilling lifestyle without needing to travel far, whether it’s for groceries, retail therapy, or indulging in their favourite local dishes.

One of the key shopping centres located near Penrith is Dawson Place. Situated within walking distance, Dawson Place is a neighbourhood mall that caters to the daily needs of residents. It houses a FairPrice supermarket, clinics, salons, food outlets, and various other service providers. The presence of such a mall so close to Penrith ensures that residents can pick up groceries, run errands, or grab a quick bite with minimal travel time. It is particularly convenient for families and the elderly who appreciate easy access to essential goods and services.

Another popular destination is Anchorpoint Shopping Centre, located a short drive or bus ride away. Anchorpoint is well known for its outlet stores offering branded goods at discounted prices. It features stores like Charles & Keith, Cotton On, Pedro, and Typo, making it a great place for residents to shop for fashion, footwear, and lifestyle items at a bargain. The mall also includes several dining options such as Tiong Bahru Bakery, Ma Maison, and Uncle Leong Seafood, providing a mix of casual and indulgent food choices. Its manageable size and relaxed atmosphere make it a favourite for locals who prefer a quieter and more laid-back shopping experience compared to larger malls.

For a more extensive retail experience, residents of Penrith can visit Queensway Shopping Centre, just a stone’s throw from Anchorpoint. Queensway Shopping Centre has long been recognised as a haven for sportswear, athletic gear, and customised services such as printing and framing. It is a one-stop location for all things sports-related, with countless stores offering everything from running shoes to jerseys and sports equipment. Its legacy status in Singapore also makes it a place filled with character, drawing in both residents and visitors looking for affordable and reliable sporting goods. This makes it especially convenient for fitness enthusiasts and students involved in sports.

Right next to Queensway Shopping Centre is IKEA Alexandra, a major attraction in the area. IKEA needs no introduction, and its Alexandra outlet offers the full IKEA experience, from home furnishing solutions to Swedish meatballs. It is a fantastic spot for residents to get inspiration for interior design and home improvement. The accessibility of IKEA adds a layer of convenience for homeowners looking to furnish or renovate their units, especially new buyers moving into Penrith. Moreover, IKEA’s affordable and practical product offerings make it an ideal go-to for those who appreciate functional, stylish living.

Residents with a passion for food will find Queenstown a delight to explore. The area is rich in local food culture, with a number of hawker centres and coffee shops serving beloved Singaporean dishes. One of the most well-known is Mei Ling Market and Food Centre. Just a few minutes from Penrith, this hawker centre is home to popular stalls serving chicken rice, char kway teow, lor mee, and more. It is a favourite among locals who value authentic and affordable local food. The bustling atmosphere during mealtimes reflects its popularity and the strong food heritage of the area.

Tanglin Halt Market is another notable food destination nearby. Though slated for redevelopment, it has long been a staple in the community, known for its traditional breakfast fare and heartwarming dishes. With the government’s plans to revitalise Tanglin Halt, the area is expected to feature modern amenities such as a new hawker centre and market integrated within a community hub. This redevelopment will only enhance the appeal of the area and the value proposition of staying at Penrith. Residents will continue to enjoy great food options in a modernised setting while retaining the charm of the original food culture.

Beyond hawker centres, Queenstown also offers a growing variety of cafés and restaurants. In the nearby Dawson estate, several chic cafés and bistros have emerged, offering specialty coffee, brunch menus, and fusion cuisine. Places like Tiong Bahru Bakery Safari, The Food Barn, and Creamier draw in younger crowds and working professionals looking for relaxed yet stylish hangouts. These cafés not only provide residents with more food choices but also contribute to the vibrant lifestyle scene in the neighbourhood. Whether it’s a weekend brunch or a quick cup of coffee, residents at Penrith will find no shortage of cosy spots to unwind.

Additionally, Penrith’s central location means that food and shopping options in surrounding districts such as Redhill, Tiong Bahru, and Holland Village are all within easy reach. Redhill Market & Food Centre is known for its grilled fish, prawn noodles, and local desserts. Tiong Bahru, one MRT stop away, is a food paradise with a combination of traditional eateries and trendy restaurants. Holland Village, slightly further away but easily accessible by bus or car, offers a buzzing nightlife scene and an eclectic mix of eateries that cater to both local and international palates.

Supermarkets and convenience stores are also plentiful in the vicinity of Penrith. Apart from the FairPrice at Dawson Place, there are Cold Storage and Sheng Siong outlets in nearby estates. These stores provide residents with ample grocery options, whether they prefer premium imports or budget-friendly essentials. Convenience stores such as 7-Eleven and Cheers are scattered throughout the neighbourhood, ensuring that even late-night snack runs or last-minute purchases are well covered.

Living at Penrith means being able to enjoy a lifestyle where great food and excellent shopping options are always just a short walk or ride away. Whether it’s daily necessities, indulgent treats, or a casual weekend meal out, the convenience of having everything so close enhances the quality of life for residents. The mix of traditional markets, modern malls, and emerging lifestyle destinations creates a well-rounded and vibrant environment. It is this balance of heritage and modernity that makes Queenstown, and by extension Penrith, a truly liveable and desirable neighbourhood in Singapore’s urban landscape.

In summary, Penrith’s proximity to shopping centres and dining options gives it a strong lifestyle appeal. Residents benefit from easy access to essential services, retail therapy, local hawker delights, and trendy cafés—all contributing to a rich and convenient daily living experience. The convenience and diversity of choices support a comfortable lifestyle and reinforce Penrith’s status as a desirable address in the heart of Queenstown.

Penrith Near to Good Schools and Educational Institutions

Penrith’s location in the mature and well-established Queenstown estate offers not only convenience and connectivity but also excellent access to some of Singapore’s most reputable schools and educational institutions. This makes it an attractive choice for families with school-going children as well as those planning for the future. The ease of commuting to and from schools, coupled with the presence of high-quality education providers, enhances the appeal of Penrith as a long-term home for residents who prioritise education as part of their lifestyle.

One of the most immediate advantages of living at Penrith is its proximity to Queenstown Primary School, which is located just next door. This close distance is a major plus for families with young children as it greatly reduces travel time and ensures a more manageable school routine. Being within 1km of the school may also improve a child’s chances during the Primary 1 registration exercise, a key consideration for many parents in Singapore. Queenstown Primary has a long-standing reputation for nurturing students in a caring and supportive environment and places strong emphasis on holistic education, developing both academic performance and character.

Slightly further afield, but still within convenient distance, is New Town Primary School. Like Queenstown Primary, it is a co-educational government school that upholds a strong tradition of academic and co-curricular excellence. With a comprehensive curriculum and dedicated teaching staff, the school is well-regarded by parents living in the area. The proximity of multiple good primary schools provides families at Penrith with valuable options when it comes to selecting the right fit for their children.

For secondary education, Queensway Secondary School is located just a short walk away. This school has consistently strived to provide quality education and equip students with the skills they need to thrive in a changing world. It offers a range of academic and co-curricular programmes designed to help students discover their passions and strengths. The convenience of having a secondary school nearby allows students to spend more time focusing on learning and less time commuting, contributing to a healthier, more balanced lifestyle.

Gan Eng Seng Secondary School, another reputable institution, is also located within close reach. Known for its vibrant learning environment and emphasis on values and character development, the school attracts families who are looking for a well-rounded education for their children. With a strong alumni network and a wide array of programmes, Gan Eng Seng provides an engaging and nurturing atmosphere for secondary school students. Its accessibility from Penrith makes it an excellent option for residents in the neighbourhood.

Penrith is also strategically located near several renowned junior colleges and tertiary institutions, which is especially beneficial for families with older children. Anglo-Chinese Junior College (ACJC) is just a short drive or a few MRT stops away. ACJC has a longstanding reputation for academic excellence and is known for producing leaders in various fields. The college’s emphasis on character, service, and holistic development aligns with the aspirations of many families who want their children to succeed not only in academics but also in life.

Another notable institution is the Singapore Polytechnic, located just a few MRT stops away at Dover. As one of the top polytechnics in Singapore, it offers a wide range of diploma programmes that are highly regarded by employers and industry professionals. The convenience of reaching Singapore Polytechnic quickly from Penrith makes it an appealing option for students who are exploring more hands-on, career-oriented education pathways.

For those pursuing university education, the National University of Singapore (NUS), ranked among the top universities in the world, is also located within close proximity. Situated in the neighbouring Kent Ridge area, NUS is easily accessible via public transport or a short drive. Its presence nearby adds to the academic prestige of the area and may offer opportunities for lifelong learning, enrichment, and even employment. Living close to such a prominent university is a boon not only for students but also for professionals working within the academic and research community.

Beyond formal education, Queenstown and its surrounding areas offer enrichment centres, tuition agencies, and early childhood education providers. Parents with preschoolers will appreciate the variety of childcare centres and kindergartens in the vicinity. These include PCF Sparkletots, E-Bridge Preschool, and My First Skool, all of which are reputable names in early childhood education in Singapore. Their proximity to Penrith makes daily drop-offs and pick-ups much more convenient, allowing working parents to better manage their routines.

Additionally, there are enrichment hubs and tuition centres scattered around nearby commercial areas such as Dawson Place, Anchorpoint, and Queensway Shopping Centre. These centres offer classes ranging from academic support in Math, Science, and English to music, art, and coding. The accessibility of such resources helps parents provide additional support for their children’s education without having to venture far from home. It also enables students to attend classes safely and independently, especially older children who can commute on their own.

In today’s fast-paced world, having access to reputable schools and educational institutions is a key consideration for many homebuyers, especially families with young children or teenagers. Penrith’s strategic location in Queenstown ensures that residents are well-positioned to tap into a network of quality schools, ranging from primary to tertiary levels. This makes Penrith not just a comfortable place to live, but also a practical and future-oriented choice for families focused on education. The presence of educational institutions in the vicinity not only enhances convenience but also contributes to the long-term value and appeal of the development.

How URA Master Plan will Benefit Penrith

The Urban Redevelopment Authority (URA) Master Plan is a comprehensive and strategic vision for the development of Singapore, aimed at shaping the city’s future by optimizing land use, improving connectivity, and enhancing the overall liveability of urban spaces. For Penrith, located in the Queenstown estate, the URA Master Plan offers numerous opportunities and benefits that will positively impact the area’s growth, infrastructure, and lifestyle. The ongoing urban development in the surrounding areas, along with planned upgrades to transport networks and community amenities, will undoubtedly enhance Penrith’s attractiveness and value as a residential hub.

One of the key advantages of the URA Master Plan is the emphasis on creating vibrant, mixed-use developments that integrate residential, commercial, and recreational spaces. Penrith’s strategic location within Queenstown means that it will benefit from these initiatives, particularly in the form of improved amenities and enhanced urban vibrancy. The URA Master Plan encourages the creation of more sustainable, self-sufficient communities where residents can live, work, and play within close proximity. As a result, Penrith will see more community-centric developments that not only provide homes but also offer shops, offices, leisure facilities, and cultural hubs, all within walking distance.

The URA Master Plan also prioritizes the enhancement of transport connectivity across Singapore, and Penrith will greatly benefit from these improvements. The Queenstown area, where Penrith is situated, is already well-served by public transport, including the Queenstown MRT station on the East-West Line. However, the Master Plan includes further investments in public transport infrastructure, such as the expansion of the MRT network and new bus routes. These improvements will make commuting even more convenient for Penrith residents, providing them with faster and easier access to other parts of the city, including the Central Business District (CBD), Marina Bay, and key educational institutions like the National University of Singapore (NUS).

Additionally, the URA Master Plan envisions the transformation of surrounding areas, such as the redevelopment of Tanglin Halt and the future development of the nearby Bukit Merah and Alexandra districts. These redevelopments will introduce new mixed-use developments, public spaces, and parks, creating a more vibrant and well-connected neighbourhood. The integration of green spaces and pedestrian-friendly streets will make these areas more enjoyable to live in and encourage outdoor activities, making Penrith an even more desirable place to reside. The synergy between Penrith and its neighboring areas will contribute to a well-balanced and thriving community.

The Master Plan also includes a strong focus on environmental sustainability, with measures aimed at reducing the carbon footprint and improving the quality of life for residents. In line with Singapore’s vision of becoming a “City in a Garden,” Penrith will benefit from the creation of more green spaces and environmentally friendly infrastructure in the surrounding areas. New parks and recreational spaces are being planned in Queenstown, and these green initiatives will help to improve air quality, reduce heat, and create calming environments where residents can relax and unwind. This increased focus on greenery and sustainability will make the neighbourhood more attractive to potential homebuyers who value eco-friendly living.

Moreover, the URA Master Plan includes the rejuvenation of heritage and cultural precincts, which will provide additional cultural and social benefits for Penrith residents. The nearby Queenstown and Tanglin Halt areas, for example, have rich histories and cultural significance, and plans are in place to preserve and enhance these areas. The development of cultural and heritage sites, such as the revitalization of older buildings and the introduction of cultural hubs, will bring more vibrancy and character to the neighbourhood. Penrith residents will have access to a wider range of cultural events, art exhibitions, and local festivals, which will enrich their lifestyle and foster a greater sense of community.

The URA Master Plan also emphasizes the creation of more integrated healthcare facilities, which will be a significant benefit to the residents of Penrith. The nearby Tanglin Halt estate, which is set for redevelopment, will feature a new healthcare hub that combines a polyclinic, a senior care centre, and other medical services under one roof. This development will improve healthcare access for the local community, particularly for elderly residents and those with young families. The inclusion of healthcare facilities in the neighbourhood will enhance the overall liveability of the area, providing convenience and peace of mind for Penrith residents who require medical services.

In terms of retail and dining options, the URA Master Plan envisions the expansion of Queenstown’s retail landscape, with new shopping malls, dining precincts, and commercial developments in the pipeline. The redevelopment of Tanglin Halt and nearby areas will introduce new retail hubs, which will offer a variety of shops, restaurants, and entertainment options. This will make Penrith even more attractive to residents, who will have access to a wider range of dining and shopping experiences. The increased availability of amenities and services in the area will enhance the convenience and comfort of living in Penrith, allowing residents to enjoy a high-quality lifestyle with everything they need close by.

Furthermore, the URA Master Plan’s emphasis on community engagement and the creation of public spaces will help foster a stronger sense of community in the Queenstown area. Plans for more community centres, open spaces, and gathering spots will provide residents with opportunities to connect, engage in recreational activities, and build relationships with their neighbours. This sense of community and belonging will make Penrith an even more appealing place to live, as it will offer not only modern conveniences but also a strong sense of social cohesion.

In conclusion, the URA Master Plan’s vision for the future of Queenstown will bring numerous benefits to Penrith and its residents. From enhanced transport connectivity and the development of vibrant mixed-use spaces to increased green initiatives and the creation of cultural and healthcare hubs, Penrith is set to become an even more desirable place to live. The planned improvements to infrastructure, amenities, and public spaces will enhance the overall liveability of the area, making it a more attractive choice for potential homebuyers and residents seeking a convenient, sustainable, and community-oriented lifestyle. With these developments, Penrith’s value and appeal will continue to grow, ensuring that it remains a thriving and sought-after neighbourhood in Singapore.

*The information is subject to change and photos/images used are for illustration purposes only.

Thank you for considering Penrith as your future home, you will soon be able to explore and download the condo’s floor plan and e-brochure. The gallery is also available for your consideration on the latest perspectives of the development. Please also see the latest video of the fly-through as well as more info on the project. We will also update the balance unit chart as soon as it is available to provide the latest unit available. Please see more info on developer details and track record as well.

The latest site plan and floor plan is available here together with the pricing and elevation chart. There are many different layout types for your consideration. Please see the location of the project as well as the showflat location. Kindly register before coming to the showflat to ensure that there is an appointed sales person at the showflat for the viewing.