Penrith (Full Analysis)
- New Launches Info
- Oct 1
- 2 min read
Updated: Oct 2
Introduction
Penrith is a landmark new launch in District 3 (Margaret Drive, Queenstown precinct)
Jointly developed by GuocoLand, Intrepid Investments & Hong Realty
Designed as a luxury high-rise combining central convenience with lifestyle appeal
Attracts families, investors, and professionals seeking city-fringe living with premium facilities and strong rental demand
Project Snapshot
Project Name: Penrith
Developer: GuocoLand (Singapore) Pte Ltd, Intrepid Investments, Hong Realty
Tenure: 99 years
Location: Margaret Drive, Queenstown, District 3
Total Units: ~460
Blocks / Storeys: 1 tower, high-rise design
Land Price: ~S$1,154 psf ppr (GLS tender)
Launch Date: Oct 2025 (preview)
Expected TOP: 2029
Nearest MRT: ~4 min walk to Queenstown MRT (East-West Line)
Schools Nearby: Crescent Girls’, Queenstown Primary, Anglo-Chinese School (Independent), Singapore Polytechnic
Unit Mix & Layout Strategy
2-Bedroom — efficient for young couples & small families
3-Bedroom — core family layout, practical living space
4-Bedroom — premium larger layouts with higher floor premiums
Mix caters to both investor market and family owner-occupiers
Upper floors to command premiums with city or greenery views
Location & Connectivity
MRT: 4 min walk to Queenstown MRT (EWL)
Roads: Easy access to AYE, Alexandra Road, Tanglin Road
Amenities:
Dawson Place
Anchorpoint
IKEA
Queensway Shopping Centre
Orchard ~10 mins drive
Lifestyle:
Alexandra Canal Linear Park
Queenstown Stadium
Rail Corridor nearby
Rental Catchment: Strong appeal for expats & professionals in CBD, One-North, Orchard
Facilities & Design
50m lap pool, kids’ pool, sun decks
Sky lounge & garden with panoramic views
Indoor gym, co-working pods, yoga spaces
Function rooms, BBQ pavilions, family play areas
Modern architecture with greenery integrated into podium & rooftop
Pricing & Quantum
Land Cost: ~S$1,154 psf ppr
Expected Launch Average: ~S$2,500 – S$2,600 psf
Indicative Range: ~S$2,400 – S$2,650 psf depending on stack, view, and floor
Estimated Quantum by Unit Type:
1-Bedroom (~480–550 sqft): ~S$1.15M – S$1.40M (~S$2,400 – S$2,550 psf)
2-Bedroom (~650–750 sqft): ~S$1.60M – S$1.95M (~S$2,450 – S$2,600 psf)
3-Bedroom (~900–1,100 sqft): ~S$2.25M – S$2.85M (~S$2,450 – S$2,600 psf)
4-Bedroom (~1,200–1,350 sqft): ~S$3.0M – S$3.55M (~S$2,450 – S$2,600 psf)
Strengths
✅ Mature Queenstown estate with strong transport & lifestyle amenities
✅ 4-minute walk to MRT — rare and highly convenient
✅ Reputable developer consortium (GuocoLand, Hong Leong, Intrepid)
✅ Balanced unit mix — suits both families & investors
✅ Strong rental demand from professionals working in CBD & One-North
✅ Proximity to Orchard & CBD adds prestige and capital resilience
Weaknesses / Risks
❌ 99-year leasehold in a central location (vs nearby freehold)
❌ Premium psf (~S$2,500+) may stretch affordability
❌ Single tower — fewer facilities compared to larger integrated projects
❌ Competition from other launches in Queenstown & Alexandra precincts
Conclusion:
Best Suited For:
Families seeking central living with MRT access
Investors wanting stable rental demand near CBD/One-North
Buyers preferring modern design in a mature, convenient estate
Why Consider:
Rare GLS in Queenstown, 4-min walk to MRT, strong developer credentials
Balanced appeal for both homeowners & investors
Final Verdict:
Penrith delivers a strong combination of connectivity, modern design, and lifestyle convenience. With launch pricing in the mid-$2,500 psf range, it stands out as a premium RCR option ideal for both long-term occupation and investment.
