Property Insights

Hong Leong Holdings Launches Penrith, the First Residential Development in Margaret Drive, Queenstown in Seven Years

Queenstown is set to welcome a new landmark with the launch of Penrith, a 462-unit residential development jointly developed by Hong Leong Holdings Limited, Hong Realty (Private) Limited, and GuocoLand Limited. Marking the first private residential launch in Queenstown since 2018, Penrith underscores the rarity of new homes in this legacy estate.