PENRITH - 33 Units for Sale
Penrith, a distinguished 99-year leasehold apartment development, rests at 70 Margaret Drive in the highly desirable District 03 of Singapore. The apartment complex, developed by a consortium led by Hong Leong Holdings, comprises 462 residential units. A wide variety of two- to four-bedroom apartments caters to different lifestyle preferences. The development features modern amenities, including a basement car park, communal facilities, and beautifully landscaped gardens, shaping an urban retreat within a vibrant city setting. Scheduled to be completed in 2029. A prime location in Queenstown positions Penrith close to the Central Business District (CBD) and major expressways. The GFA-harmonised design (Gross Floor Area) maximises interior efficiency while remaining within regulatory limits. A thoughtful blend of convenience, luxury, and environmentally conscious design defines Penrith as a preferred choice for those seeking refined living near the city's core. Penrith is well located, with excellent transport options and key lifestyle conveniences. The nearest MRT (Mass Rapid Transit) stations, Queenstown MRT station (EW19) and Commonwealth MRT station (EW20), are within walking distance and directly link to the East-West Line (EWL). For motorists, both the Ayer Rajah Expressway (AYE) and Pan Island Expressway (PIE) provide efficient routes towards the Central Business District (CBD), Orchard Road, and other commercial hubs. The neighbourhood features various amenities and entertainment options, including Queensway Shopping Centre and Anchorpoint Shopping Centre, both offering shopping, dining, and leisure. Recreational spaces nearby, including the Alexandra Canal Linear Park and SkyTerrace @ Dawson, enhance the area's appeal with green pockets for exercise and relaxation. Penrith features a collection of lifestyle amenities designed to meet residents' daily and leisure needs. Facilities within the development include: Accessible Washroom/Shower Adult Fitness Stations Arrival Lounge/Arrival Court Basement Car Park Bicycle Parking BBQ Pavilion Changing Room Children's Pool Children's Playground Dining Pavilion Fitness Corner Function Room Game Room Gymnasium Room Hammock Deck Leisure Garden Library Lounge Main Entrance Multi-Storey Car Park Nursery Pavilion Pool Deck Picnic Area Reading Alcove Reading Room 24-Hour Security Sky Garden Sky Lounge Spa Pool Swimming Pool Tennis Courts Each facility contributes to a holistic environment where wellness, recreation, and community living combine. The landscaped gardens and communal spaces maintain a calm, nature-inspired atmosphere amid urban surroundings. Families benefit from the availability of primary schools and early-learning centres within a short travelling distance, including: Queenstown Primary School Children's Cove Preschool Crescent Girls' School The proximity of these institutions supports a family-friendly environment, enhancing Penrith's residential appeal. A variety of dining options surrounds Penrith, catering to diverse culinary preferences. Some nearby choices include: Daebak Korean Restaurant NKS Restaurant Bangkok Bites The surrounding precinct also features cafes, bakeries, and international restaurants within walking distance. Access to healthcare remains convenient, with several clinics and medical centres nearby: 94 Dawson Family Clinic MY FAMILY CLINIC (TANGLIN HALT) The Family Practice @ Skyville These medical establishments provide a range of primary and emergency services. Daily essentials remain easily obtainable through nearby supermarkets, including: Sheng Siong Supermarket SAASTHA SUPERMART NTUC FairPrice Such retail conveniences allow residents to manage grocery and household needs with minimal travel. The 70 Margaret Drive, Penrith development is roughly 20,000 sqm, located in Queenstown. The height is approximately 40 storeys high, designed with modern, sleek architecture and large amounts of plants throughout. Both residential towers have been designed to capture natural light while retaining privacy through a smart spatial makeup. The overall design merges urban sophistication with a tranquil residential ambience. Penrith Condominium Queenstown (District 03) Four hundred and sixty-two residential units 40 A selection of two- to four-bedroom layouts, each arranged to maximise functionality and comfort. range from 614 to 678 sq ft range from 786 to 1,066 sq ft range from 1,173 to 1,281 sq ft Each home features open-concept living areas, well-appointed kitchens, and full-height windows for panoramic views of the cityscape and surrounding greenery. Penrith is a brand owned by Hong Leong Holdings Limited (HLHL), a well-known property developer in Singapore with a long history of excellence. As part of the Hong Leong Group Singapore, HLHL has a diversified and growing portfolio of residential and commercial properties across the country. The company is still known for building communities that balance architecture with the surrounding environment. Hong Leong Holdings is part of a larger corporate network that includes City Developments Limited (CDL) and Hong Leong Finance, enabling strong synergies across property development, investment, and management. Attention to quality materials, thoughtful landscaping, and sustainable construction practices underlines the developer's focus on long-term liveability. Penrith's combination of architectural precision and environmentally sensitive features reflects the developer's commitment to thoughtful urban design and community well-being. Other notable developments associated with Hong Leong Holdings Limited include: Lentor Hills Residences Lentor Central Residences Kassia Each project represents the developer's approach to building residential environments that integrate comfort, modern design, and accessibility. The Margaret Drive area within Queenstown hosts several contemporary residential projects that complement Penrith's character. Neighbouring developments include: Commonwealth Towers Queens Peak Margaret Ville This cluster of condominiums contributes to a lively and well-connected community, reinforcing Queenstown's reputation as one of Singapore's most convenient residential districts. Penrith embodies superior urban living, with connectivity, design, and lifestyle amenities at its core. Situated in Queenstown, residents have easy access to major transport routes, shopping, schools, and leisure facilities. High-quality amenities, sophisticated floor plans, and the developer's reputable identity combine to create a thoughtful and elegant residential lifestyle focused on leisure and productivity. The blend of lush greenery, contemporary design, and thoughtfully arranged communal areas enriches daily living, creating a soothing atmosphere within the lively rhythm of the city. Each element within the development contributes to a lifestyle centred on convenience, comfort, and timeless sophistication. Explore refined city-fringe living. Visit Penrith's sale page to learn more.
DeveloperHong Leong Holdings Limited
Explore PropertyGuru
PropertyGuru search trends over the past month show that the project maintains notable traction in local search behaviour, recording a 1.21% share within the Alexandra / Commonwealth district. This level of visibility indicates that the development remains a recognized option for buyers navigating the current market landscape.
Most-searched Units: 3-BedroomPopular preferences: Tennis Court, Gym
Pricing by Unit Types:
- 2-Bedroom Units:
- Avg Asking Price: S$ 1.79M
- Avg PSF: S$ 2,921 psf (49.48% higher compared to Alexandra / Commonwealth average of S$ 1,954 psf)
- Available Units: 31
Location & Lifestyle Highlights — PENRITH 570m (7 mins) to QUEENSTOWN MRT STATION — This station on the East-West Line provides a direct and efficient link to the Central Business District and major commercial hubs for a smooth daily commute. Penrith offers a balanced urban retreat in the heart of Queenstown, where modern high-rise living meets lush, landscaped gardens. It is a thoughtfully designed home for those who value being close to the city's core while enjoying a calm, nature-inspired environment. Nearby hotspots: MRT Stations:
- QUEENSTOWN MRT STATION (570m, 7 mins) — Direct access to the East-West Line makes traveling to Raffles Place or Jurong East very convenient for office workers.
- QUEENSTOWN PRIMARY SCHOOL (93m, 1-2 mins) — Residents have immediate access to several bus routes right at their doorstep for quick trips around the neighborhood.
- BLK 118 (274m, 3-4 mins) — This nearby stop adds more options for those commuting towards the city or nearby housing estates.
- QUEENSTOWN PRIMARY SCHOOL (229m, 2-3 mins) — Having a reputable primary school just a short walk away is a huge plus for parents with young children.
- QUEENSTOWN GOOD SHEPHERD KINDERGARTEN (163m, 1-2 mins) — This nearby preschool offers a very convenient early education option for families with toddlers.
- MY FIRST SKOOL (313m, 3-4 mins) — Quality childcare is easily accessible within a few minutes' walk, making the morning routine much easier for working parents.
- QUEENSWAY SECONDARY SCHOOL (807m, 9-10 mins) — Older children can enjoy a manageable walk or a quick bus ride to school every day.
- UNITY (694m, 8-9 mins) — This pharmacy is handy for picking up daily health essentials and prescriptions without traveling far.
- QUEENSTOWN POLYCLINIC (1026m, 12-13 mins) — Comprehensive public healthcare services are available nearby for regular check-ups and medical needs.
- SHENG SIONG (276m, 3-4 mins) — Daily grocery shopping is effortless with this well-stocked supermarket located just around the corner.
- FAIRPRICE (762m, 9-10 mins) — Another reliable option for household necessities and fresh produce is within easy reach.
- ANCHORPOINT (1079m, 12-13 mins) — This popular mall offers a variety of retail brands and outlet shopping for weekend leisure.
- SKYVILLEDAWSON FOOD COURT (331m, 3-4 mins) — A great variety of affordable local food is available just a short stroll away for easy daily meals.
- NTUC FAIRPRICE SUPERMARKET - DAWSON PLACE (666m, 7-8 mins) — This location combines grocery shopping with various quick dining options in one convenient spot.
- SUBWAY (690m, 8-9 mins) — Quick and healthy meal options are nearby for those days when you need a fast bite.
Market & Rental Insights
PENRITH demonstrates a clear upward trajectory in capital value with limited transaction volume in the current market cycle.
- PSF Appreciation:S$2,792.5 → S$3,028 over recent years (+8.43%) from 2025 - 2026.
- Transactions:5 sale transactions in the last 12 months, indicating limited sale activity.
- PG Pulse Insight: With PSF appreciation of +8.43% and limited sale activity, PENRITH shows capital growth potential despite a lack of recent rental data.
Published date: October 2, 2026














