Sales Launching: Penrith

Refined Residences Crafted for Modern Family Life, where Intelligent Design Meets Everyday Comfort.

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

Penrith: Connected Living in Queenstown

Project / Location Name

PENRITH

Region

Rest of Central Region (RCR)

District

D03 - Alexandra / Commonwealth

Cluster

Central

Planning Area

Queenstown

Subzone

MARGARET DRIVE

Property Type

Condo

Site Area

102,497 Sqft

GFA

429,480 Sqft

Plot Ratio

4.5

Tenure

99 Years

Total Units

462

Type of Land Sales

GLS

Land Use

Residential

Land Bid Price

$497,000,000

Highest Bid (m)

$497,000,000

Highest Bid (psf)

$1,154

Number of Bids

2

Land Awarded Date

2024-08-01

Est. Breakeven PSF

$2,026

Developers

GuocoLand, Hong Leong Holdings Limited

Source: URA

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

The Penrith: New Homes in Queenstown, Singapore

The Penrith is a new residential development situated along Margaret Drive in Singapore. Located within the established Queenstown area, the property is surrounded by a combination of modern amenities and green spaces.

The area offers strong connectivity, with Queenstown MRT Station on the East–West Line a short walk away, providing convenient access to various parts of the island. Major expressways such as the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE) are also easily reachable, supporting smooth travel across Singapore.

The neighborhood features nearby retail and lifestyle options, including Dawson Place, Anchorpoint Shopping Centre, Queensway Shopping Centre, and IKEA Alexandra. For outdoor recreation, residents can enjoy green corridors such as the Alexandra Canal Linear Park and the Rail Corridor.

Families benefit from proximity to several schools, including Queenstown Primary School, New Town Primary School, Crescent Girls’ School, and Gan Eng Seng Primary School, alongside international institutions in the vicinity.

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

Connected Living at Penrith

Located 0.32km from Queenstown MRT and 0.12km from QUEENSTOWN PR SCH bus stop. Enjoy SHENG SIONG (0.13km), Dawson Place (0.42km), and QUEENSTOWN PRIMARY SCHOOL (0.10km) nearby. Rail Corridor is 1.11km away.

Trains (MRT & LRT)

  • EW19 Queenstown

    MRT

    350 m

  • EW18 Redhill

    MRT

    1150 m

  • EW20 Commonwealth

    MRT

    1370 m
Bus Stops

  • Queenstown Pr Sch

    Margaret Dr

    123 m

  • Opp Queenstown Pr Sch

    Margaret Dr

    162 m

  • Opp Blk 95

    Kay Siang Road

    332 m
Primary Schools

  • Queenstown Primary School

    310 Margaret Drive

    100 m

  • New Town Primary School

    300 Tanglin Halt Road

    1070 m

  • Gan Eng Seng Primary School

    100 Redhill Close

    1370 m
Secondary Schools

  • Queenstown Secondary School

    1 Strathmore Road

    570 m

  • Queensway Secondary School

    2a Margaret Drive

    860 m

  • Crescent Girls' School

    357 Tanglin Road

    1030 m
International Schools

  • Invictus International School (dempsey)

    73 Loewen Road #01-21 Singapore 248843

    700 m

  • Razum International School

    1 Kay Siang Road #05-01/02 Singapore 248922

    720 m

  • Melbourne Specialist International School

    75c Loewen Road Singapore 248853

    730 m
Supermarkets

  • Dawson Place

    Central

    460 m

  • Anchorpoint

    Central

    880 m

  • Alexandra Central

    Central

    1040 m
Healthcare

  • Rainbow Dental Clinic

    Margaret Drive

    130 m

  • The Dental Gallery Dawson

    Dawson Road

    150 m

  • The Family Practice@ Skyville

    Dawson Road

    150 m

Source: URA

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

Nearby Property Transactions (Past 1 Year)

Recent transactions in the area, encompassing 72 comparable properties, show prices from 780,000 to 12,300,000. Price per square foot ranges from 728 to 4299. Nearby developments like QUEENS PEAK recorded 43 sales, and STIRLING RESIDENCES 108 sales.

$780,000 $728 PSF $2,405,008 $2,536 PSF $12,300,000 $4,299 PSF
Lowest Sale Average Highest Sale
Distance Project Name Tenure Top Total Units Bedroom Size Range Sales Range Sales Volume
268m QUEENS PEAK 99 Years 2020 736 1, 2, 3, 4, 5, Penthouse 431 - 2,002 sqft S$948,000 - S$4,230,000
S$2,019 - S$2,348 PSF 		41
308m COMMONWEALTH TOWERS 99 Years 2017 845 1, 2, 3, 4 441 - 1,076 sqft S$900,000 - S$2,730,000
S$1,911 - S$2,536 PSF 		49
494m QUEENS 99 Years 2002 722 2, 3, 4, Penthouse 915 - 1,410 sqft S$1,580,000 - S$2,738,800
S$1,647 - S$2,010 PSF 		14
564m ALEXIS Freehold 2014 293 1, 2, Penthouse 366 - 883 sqft S$780,000 - S$1,395,000
S$1,468 - S$2,131 PSF 		9
581m STIRLING RESIDENCES 99 Years 2022 1259 1, 2, 3, 4 441 - 1,346 sqft S$1,000,000 - S$3,388,000
S$1,971 - S$2,697 PSF 		110

Source: URA

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

Nearby Rental Market Trends

Nearby residences present diverse rental options, with monthly prices from $2,500 to $10,500. Per square foot rates range from $3.20 to $10.00, indicating varied offerings close to this location.

Distance Project Name Tenure Top Total Units Bedroom Size Range Rental Range Rental Yield Rental Volume
268m QUEENS PEAK 99 Years 2020 736 1, 2, 3, 4, 5, Penthouse 431 - 2,002 sqft S$3,100 - S$10,500
S$4 - S$10 PSF 		2.40% - 5.70%
Avg Yield: 4.05% 		223
308m COMMONWEALTH TOWERS 99 Years 2017 845 1, 2, 3, 4 441 - 1,076 sqft S$3,050 - S$8,000
S$6 - S$9 PSF 		2.55% - 5.60%
Avg Yield: 4.08% 		272
494m QUEENS 99 Years 2002 722 2, 3, 4, Penthouse 915 - 1,410 sqft S$4,300 - S$8,800
S$3 - S$6 PSF 		2.47% - 4.27%
Avg Yield: 3.37% 		112
564m ALEXIS Freehold 2014 293 1, 2, Penthouse 366 - 883 sqft S$2,500 - S$5,700
S$4 - S$10 PSF 		2.37% - 6.62%
Avg Yield: 4.50% 		146
581m STIRLING RESIDENCES 99 Years 2022 1259 1, 2, 3, 4 441 - 1,346 sqft S$3,100 - S$10,350
S$6 - S$9 PSF 		2.22% - 5.40%
Avg Yield: 3.81% 		269

Source: URA

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

Penrith Information & Frequently Asked Questions

The district is D03 - Alexandra / Commonwealth for Penrith

This property type is a Apartment for Penrith

The plot ratio for Penrith is 4.53

The gross floor area for Penrith is 429,480 sqm

The land size for Penrith is 102,497 sqft

The subtown for Penrith is MARGARET DRIVE

The region of Penrith is RCR

There are 2 blocks in Penrith development.

The postal code for Penrith is 149926

The address of Penrith development is 70 MARGARET DRIVE

Invictus International School (Dempsey), Razum International School, Melbourne Specialist International School, The Guild International College, North London Collegiate School international schools are near to Penrith

Anglo-chinese Junior College, Anglo-chinese School (Independent), Hwa Chong Institution, National University Of Singapore, St. Joseph's Institution Tertiary & Universities are near to Penrith

Queenstown Secondary School, Queensway Secondary School, Crescent Girls' School, Bukit Merah Secondary School, Gan Eng Seng School secondary school(s) is/are near to Penrith

Queenstown Primary School, New Town Primary School, Gan Eng Seng Primary School, Alexandra Primary School, Blangah Rise Primary School primary school(s) is/are near to Penrith

Bus number(s) 32, 122, 51, 111, 145, 186, 195, 195A, 970 is/are near to Penrith

East West Line, Thomson East Coast Line MRTS are near to Penrith

Dawson Place, Anchorpoint, Alexandra Central, Queensway Shopping Centre, Hao Mart shopping center(s) is/are near to Penrith

Dawson Hawker Centre, Mei Chin Road Blk 159 (Mei Chin Road Market), Jalan Bukit Merah Blk 6 (Abc Brickworks Market/food Centre), Bukit Merah Lane 1 Blk 120 (Alexandra Village Food Centre), Commonwealth Drive Blk 1a/2a/3a (Tanglin Halt Food Centre/commonwealth Drive Food Centre) hawker center(s) is/are near to Penrith

My First Skool, Queenstown Good Shepherd Kindergarten, Pcf Sparkletots Preschool @ Queenstown Blk 78b (Cc), The Children's Place Pte Ltd, Pcf Sparkletots Preschool @ Queenstown Blk 53a (Cc) childcare is/are near to Penrith

Rainbow Dental Clinic, The Dental Gallery Dawson, The Family Practice@ Skyville, Dental Clinic, Dawson Medical Clinic are near to Penrith

Queenstown Cc, Leng Kee Cc, Bukit Merah Cc, Henderson Cc, Buona Vista Cc community centers are near to Penrith

The unit mix for Penrith development is [2, 3, 4]

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

Penrith

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Discover PENRITH, thoughtfully positioned near Queenstown MRT (0.32km), Queenstown Primary (0.10km), and Dawson Place (0.42km). Our team is available to provide comprehensive project details and address your inquiries.

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