Queenstown's 97% Launch Phenomenon

Penrith

D03 99-year Leasehold Q1 2031 TOP 462 Units 1 – 5 Bedroom 10 units left · Jul 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.

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Key Details

Tenure
99-year Leasehold
Estimated TOP
Q1 2031
Total Units
462 units
Bedroom Types
1 – 5 Bedroom
Indicative Price
$2,8xx psf avg ($2,800 avg psf)
Developer
GuocoLand, Hong Realty & TID
Nearest MRT
Queenstown — short walk

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?
Indicative pricing starts from $2,8xx psf avg (approximately $2,800 avg psf). The exact price list will be released closer to launch. Register your interest and I'll send you the latest pricing the moment it's available.
When is the TOP for Penrith?
The estimated Temporary Occupation Permit (TOP) date is Q1 2031. This is an indicative date and may be subject to change depending on construction progress.
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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YJ

Yong Jia Tan

Licensed Real Estate Salesperson · Rise Realty · Data-driven property advice

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