Penrith

Penrith

Condominium | 99 Years Leasehold

70 - 72 Margaret Drive

District D03 (Commonwealth / Alexandra)

Overview of Penrith

2 bedroom from $1.788M

Units from $2,912 psf onwards

Project Address: 70 - 72 Margaret Drive, Singapore

District D03 (Commonwealth / Alexandra)

Updated units availability

(Updated: 18-Oct-2026)

Total units: 462 Units

Total units sold: 458 / 462 Units (99% Sold)

Total units available: 4 / 462 Units (1% Available)

Penrith is a new condominium launch that brings together thoughtful design, scale, and long-term appeal in one highly anticipated address. Set at 70 - 72 Margaret Drive in District D03, this 99 Years Leasehold development presents a fresh residential offering by GuocoLand & Hong Leong Holdings. Planned with a clear sense of presence, Penrith stands on a site of approximately 102,497 sqft and will comprise 2 blocks of 40 storey residential towers. For homebuyers and investors seeking a new home with strong credentials, Penrith offers the reassurance of established names behind the project, paired with a well-considered vision for contemporary living.

Designed by ADDP Architects, Penrith is shaped to meet the expectations of modern homeowners who value comfort, efficient planning, and a refined residential setting. The development will house 462 units, creating a substantial private community with a balanced selection of homes to suit varying lifestyle needs. The unit mix includes 2BR, 2BR Premium, 3BR, 3BR Premium, 4BR, and 4BR Premium residences, offering options for couples, growing families, and those looking for more generous living space. This range allows buyers to choose a layout that aligns with their daily routines and future plans, whether they are purchasing for own stay or as a property asset with enduring relevance.

Every aspect of Penrith is anchored by its identity as a premium condominium project with a clear emphasis on quality and liveability. Its 40-storey towers lend the development a strong architectural profile, while the scale of the site supports a sense of openness that is increasingly valued in Singapore's residential market. With a project team led by GuocoLand & Hong Leong Holdings and design by ADDP Architects, Penrith enters the market with a combination of experience, credibility, and thoughtful execution. These are qualities that matter to discerning buyers who look beyond the immediate launch and consider how a development may continue to hold appeal over time.

Expected to attain TOP in Apr 2031, Penrith offers buyers the opportunity to secure a home in a brand-new condominium at Margaret Drive, District D03, with a forward-looking completion timeline. From its 99 Years Leasehold tenure to its broad selection of unit types and its substantial land parcel, Penrith is positioned as a compelling new launch for those seeking a well-planned home in Singapore. For purchasers exploring a residence that brings together scale, design pedigree, and a sought-after address at 70 - 72 Margaret Drive, Penrith presents a promising opportunity to be part of a new chapter in contemporary condominium living.


Penrith Project Details

Project Name: Penrith
Type: Condominium
Tenure: 99 Years Leasehold
Developer: Guocoland & Hong Leong Holdings
Architect: ADDP Architects
District: District D03 (Commonwealth / Alexandra)
Address: 70 - 72 Margaret Drive
Site Area: Approx. 102,497.1 sqft / 9,522.3 sqm
Total Storey: 2 Blocks of 40 Storey
Total Units: 462 Units
Total Carpark: 373 Lots + 3 Handicap Lots
T.O.P Date: Apr 2031
Land Cost: $1,154 PSF PPR
Available Unit Types:

2 Bedroom

Total Sold Units: 458 / 462 Units (99% Sold)
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Penrith Location & Nearby Amenities

Positioned at 70 - 72 Margaret Drive in District 03, Penrith enjoys a well-connected address in one of Singapore's most established city-fringe neighbourhoods. This condominium places residents within Queenstown, an area long valued for its balance of urban convenience and everyday liveability. From Margaret Drive, commuting into the CBD, Orchard Road, and key business districts is straightforward, while the surrounding estate offers a mature mix of retail, dining, schools, and green spaces. For homebuyers who appreciate a central setting without giving up the comforts of a residential environment, Penrith presents a location that feels both practical and desirable.

A major draw of Penrith is its excellent transport connectivity. Queenstown MRT Station is accessible by walking or a short public transport ride, making daily travel across Singapore easy and efficient. This strong rail connection is complemented by a reliable bus network serving the wider Queenstown and Alexandra precincts, giving residents flexibility whether they are heading to work, school, or weekend outings. Drivers will also appreciate the convenient access to major expressways, including the Ayer Rajah Expressway and Central Expressway, which support smooth connections to the city centre, the west, and other parts of the island. The address along Margaret Drive also places residents close to key arterial roads, further enhancing mobility for those who prefer to travel by car.

Beyond connectivity, the neighbourhood around Penrith is rich in everyday amenities that support a well-rounded lifestyle. A wide selection of retail destinations is within easy reach, including Dawson Place, Anchorpoint Shopping Centre, Alexandra Central, Queensway Shopping Centre, Depot Heights Shopping Centre, Tanglin Mall, and Valley Point. These malls offer everything from supermarkets and essential services to fashion, home needs, cafés, and casual dining options, making daily errands simple and convenient. The wider area is also known for its diverse food scene, with hawker fare, neighbourhood eateries, and popular dining spots scattered throughout Queenstown and Alexandra. For those who enjoy time outdoors, the city-fringe setting provides access to nearby parks and leafy pockets that add a welcome sense of calm to everyday living.

Families will find added appeal in the range of reputable schools near Penrith. Queenstown Primary School, New Town Primary School, Gan Eng Seng Primary School, and Alexandra Primary School are all accessible by walking or public transport, giving parents a practical choice of educational options within the surrounding area. This ease of access to schools, together with the neighbourhood's transport links and established amenities, strengthens Penrith's appeal as a home for a broad range of buyers. Altogether, Penrith at Margaret Drive offers the rare advantage of a central address set within a mature and highly convenient estate, where shopping, dining, education, and connectivity come together to create an appealing place to live.

Map Circle Penrith Google Map
Map Legend
Boys Schools
Girls Schools
Mixed Schools

MRT / LRT Stations

Shopping Malls

Nearest Schools

Queenstown Primary School Mixed School (Approx 90m)

New Town Primary School Mixed School (Approx 1.09km)

Gan Eng Seng Primary School Mixed School (Approx 1.35km)

Alexandra Primary School Mixed School (Approx 1.8km)

Search on MOE Website

Nearest MRT Stations

Queenstown MRT Station (Approx 330m)

Redhill MRT Station (Approx 1.13km)

Commonwealth MRT Station (Approx 1.36km)

Napier MRT Station (Approx 1.6km)

Orchard Boulevard MRT Station (Approx 1.81km)

Nearest Malls

Dawson Place (Approx 430m)

Anchorpoint Shopping Centre (Approx 850m)


Penrith Siteplan


Penrith Floor Plan & Elevation Chart

Elevation Chart
2 Bedroom [ (2)a ]
2 Bedroom Premium [ (2)b ]
3 Bedroom [ (3)a ]
3 Bedroom [ (3)b ]
3 Bedroom Premium [ (3)c ]
3 Bedroom Premium [ (3)d ]
4 Bedroom [ (4)a ]
4 Bedroom Premium [ (4)b ]

Penrith Unit Types and Unit Prices

Unit Type Unit Size Unit Price Unit Average PSF Available Units
2 Bedroom 614 sqft
(57 sqm)
From $1.788M Avg ~$2,918psf 4 / 76 Units

(Updated: 18-Oct-2026)


Penrith Available Units and Price List

Unit Type Type Size Stack Price (Min) Price (Max) PSF (Min) PSF (Max) Available
Units
2BR 614sqft
(57sqm)
04 $1,788,000 $1,796,000 $2,912psf $2,925psf

(Updated: 18-Oct-2026)


Penrith Videos

Greater Southern Waterfront

Penrith Developer

Guocoland

Guocoland

GuocoLand Limited ("GuocoLand") and its subsidiaries ("the Group") are a leading real estate group focused on two main growth drivers: Property Investment and Property Development. The Group develops, invests in, and manages a portfolio of high-quality commercial and mixed-use assets, generating stable, recurring rental income with the potential for capital appreciation. With a strong reputation, GuocoLand excels in creating distinctive integrated developments and premium residential properties that enhance and transform local neighborhoods.

As of 30 June 2024, the Group's investment properties were valued at S$6.56 billion, spanning key markets in Singapore, China, and Malaysia. Notable assets include Guoco Tower and Guoco Midtown in Singapore, Guoco Changfeng City in Shanghai, and Damansara City in Kuala Lumpur. Iconic residential projects by the Group include Wallich Residence, Martin Modern, Meyer Mansion, Midtown Modern, Midtown Bay, Lentor Modern, and Lentor Mansion.

GuocoLand's comprehensive capabilities cover the entire real estate value chain, from planning and design to property investment, development, management, and asset management.

Listed on the Mainboard of the Singapore Exchange, GuocoLand is a subsidiary of Guoco Group Limited, which is also listed on the Main Board of The Stock Exchange of Hong Kong Limited. Both companies are part of the Hong Leong Group in Malaysia.

Hong Leong Holdings

Hong Leong Holdings

Hong Leong Holdings Limited (HLHL), founded in 1968, is the private property development and investment arm of Hong Leong Group, one of Asia's largest and most successful diversified conglomerates, headquartered in Singapore.

With a strong reputation for quality, HLHL is a trusted and established developer known for delivering some of the most recognizable and iconic developments in Singapore. The company is committed to continuously pursuing higher standards in its developments, with a focus on excellence in design, sustainability, and customer service.


Penrith - Nearby Projects Comparison

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Penrith Jervois Prive Bloomsbury Residences Hudson Place Residences Upperhouse at Orchard Boulevard Grange 1866 Terra Hill The Lumos
Condominium Condominium Mixed Development Condominium Condominium Condominium Condominium Condominium
99 Years Leasehold Freehold 99 Years Leasehold 99 Years Leasehold 99 Years Leasehold Freehold Freehold Freehold
District D03
(Commonwealth / Alexandra)
District D10
(Bukit Timah / Holland / Tanglin)
District D05
(Buona Vista / West Coast / Clementi)
District D05
(Buona Vista / West Coast / Clementi)
District D10
(Bukit Timah / Holland / Tanglin)
District D10
(Bukit Timah / Holland / Tanglin)
District D05
(Buona Vista / West Coast / Clementi)
District D09
(Orchard / River Valley)
70 - 72 Margaret Drive 100A Jervois Road 61 - 65 Media Circle Road 18 - 20 Media Circle 22 Orchard Boulevard 74 Grange Road 18 - 22 Yew Siang Road 9 Leonie Hill
TOP Date: Apr 2031 TOP Date: 2023 Completed TOP Date: Nov 2028 TOP Date: Sep 2029 TOP Date: H2 2028 TOP Date: 2025 Completed TOP Date: Q1 2028 TOP Date: 2011 Completed
Total Units: 462 Units Total Units: 43 Units Total Units: 358 Units Total Units: 327 Units Total Units: 301 Units Total Units: 60 Units Total Units: 270 Units Total Units: 53 Units
2 bedroom from $1.788M 1 to 3 bedroom units from $1.658M 2 to 4 bedroom units and Penthouses from $1.731M 2 to 6 bedroom units from $1.723M 1 to 4 bedroom units from $1.571M 1 bedroom from $1.638M 4 to 5 bedroom units from $4.003M 2 to 4 bedroom units from $3.424M
Units from $2,912 psf onwards Units from $3,020 psf onwards Units from $2,531 psf onwards Units from $2,468 psf onwards Units from $3,314 psf onwards Units from $3,108 psf onwards Units from $2,151 psf onwards Units from $2,782 psf onwards
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Penrith FAQ

Currently only 2 Bedroom is available for sale.

The nearest primary school from Penrith is Queenstown Primary School at about 90m away.

The nearest MRT Station from Penrith is Queenstown MRT Station at about 330m away.

The nearest shopping mall from Penrith is Dawson Place at about 430m away.

The expected TOP date for Penrith is Apr 2031.

Yes, Penrith is a 99 years leasehold condominium development.

The address for Penrith is 70 - 72 Margaret Drive.

The developer for Penrith is Guocoland & Hong Leong Holdings.

Penrith has 2 Blocks of 40 Storey.

There are 462 Units in Penrith.