Penrith | New Condo Launch in Queenstown / Margaret Drive (D03) | Property Playbook
Queenstown's 97% Launch Phenomenon

Penrith

D03 99-year Leasehold Q2 2029 TOP 462 Units 2 – 4 Bedroom 6 units left · Sep 2026 EWL Line

Penrith at Margaret Drive sold 97% of its 462 units on launch weekend in October 2025 at around $2,800 psf — one of the year's fastest sell-outs. A short walk to Queenstown MRT in one of Singapore's most storied estates, with only final units remaining.

Penrith sample floor plan
Price (starting from)
2 Bedroom 614 sqft $1.80M
Penrith — photo 1Penrith — photo 2Penrith — photo 3Penrith — photo 4Penrith — photo 5
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Key Details & Pricing

Tenure
99-year Leasehold
Estimated TOP
Q2 2029
Total Units
462 units
Bedroom Types
2 – 4 Bedroom
Indicative Price
$1.79M ($2,800 psf)
Developer
GuocoLand, Hong Realty & Intrepid Investments (Hong Leong)
Nearest MRT
Queenstown — short walk

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Unit Mix & Floor Plans

Penrith offers layouts across 2 – 4 Bedroom — the developer releases exact stack orientation, unit sizes and floor plans progressively. Request the current set below and I'll send you the PDF floor plans for the unit types you're considering, plus which stacks currently have availability.

Limited Units Remaining

6 units left as of Sep 2026. Availability on well-located launches like this moves fast — check current stack and floor availability before you shortlist.

Book a Showflat Viewing

Showflat visits are strictly by appointment. Let me know a day and time that works and I'll confirm the slot with you directly.

Key Highlights

  • 97% sold on launch weekend at ~$2,800 psf average
  • Short walk to Queenstown MRT (EWL) — 10 minutes to Raffles Place
  • Within 1km of Queenstown Primary School
  • Margaret Drive precinct rejuvenation continuing around it

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Within 1km

Queenstown Primary School

Within 2km

Gan Eng Seng Primary School

Why schools matter
Singapore's popular primary schools require registration based on distance bands. Living within 1km of a top primary gives your child priority admission — a major quality-of-life consideration for young families.

Why Buy Penrith?

Queenstown's city-fringe pricing with two-stop CBD access keeps proving itself launch after launch; balance units here carry a sell-out project's validation.

Frequently Asked Questions

What is the price range for Penrith?
The official price list was released at preview — indicative pricing starts from $1.79M (average $2,800 psf). WhatsApp me for the latest unit availability and exact stack-level pricing.
Is there a showflat for Penrith?
Showflat visits for Penrith are by appointment only. Tell me a day and time that works and I'll confirm the slot with you directly on WhatsApp.
Where can I get the Penrith floor plans?
Floor plans for Penrith (unit layouts, stack orientation and sizes across its 2 – 4 bedroom range) are released progressively by the developer. Request the latest set and I'll send you the exact PDF floor plans for the units you're considering.
When is the TOP for Penrith?
The estimated Temporary Occupation Permit (TOP) date is Q2 2029. This is an indicative date and may be subject to change depending on construction progress.
Is Penrith a good investment?
Queenstown's city-fringe pricing with two-stop CBD access keeps proving itself launch after launch; balance units here carry a sell-out project's validation.
Is Penrith freehold or leasehold?
Penrith is a 99-year Leasehold development. 99-year leasehold is the most common tenure in Singapore and does not affect your ability to sell or rent the property.
What is my ABSD liability as a buyer?
ABSD depends on your citizenship status and number of properties owned. Singapore Citizens buying their first property pay 0% ABSD. Second property is 20% ABSD. PRs pay 5% on first property and 30% on second. Foreigners pay 60%. I can calculate your exact liability — WhatsApp me with your details.
Can I use CPF to buy this property?
Yes, Singapore Citizens and PRs can use CPF Ordinary Account (OA) savings to pay for the purchase price and monthly loan instalments, subject to CPF withdrawal limits and the property's remaining lease.

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