Penrith Condo © Official - Home (Updated 2025)

Penrith Project Details

Project Name	Penrith
Location	Margaret Drive
District	3
Developer	GuocoLand & Hong Leong
Tenure	99 Years Leasehold
No. Of Storeys	TBA
Total Units	460 Residential Units
Site Area	Approx. 9,526 Sqm
Expected TOP	TBA
Expected Date Of Legal Completion	TBA

Singapore’s real estate market is abuzz with anticipation for Penrith Condo by GuocoLand, a highly anticipated residential project set to redefine luxury living in District 3. Located along Margaret Drive in the heart of Queenstown, this new launch condominium promises to offer a perfect blend of modern design, strategic location, and unparalleled amenities. Developed by a consortium of industry leaders GuocoLand & Hong Leong Holdings, this project is poised to become a landmark in one of Singapore’s most sought-after neighborhoods.

Penrith Location

Location Analysis: The Heart of Queenstown

Location is a cornerstone of any successful real estate venture, and Penrith Margaret Drive Condo excels in this regard. Situated along Margaret Drive in District 3, the condo is nestled in the heart of Queenstown, one of Singapore’s oldest and most cherished neighborhoods. This mature estate blends the charm of its historical roots with the vibrancy of modern urban living, making it a prime choice for families, professionals, and investors.

Seamless Connectivity

One of the standout features of Margaret Drive Condo is its proximity to Queenstown MRT station, just a short walk away. Operating on the East-West Line, this station provides direct access to key areas like the Central Business District (CBD), Orchard Road, and Jurong East, ensuring that residents can commute effortlessly. For example, a trip to Raffles Place takes approximately 15 minutes, making the condo ideal for professionals working in the city center.

Moreover, the area is well-served by bus routes along Margaret Drive and Commonwealth Avenue, offering additional flexibility for those relying on public transport. For drivers, major expressways such as Ayer-Rajah Expressway (AYE), Bukit Timah Expressway (BKE), and Pan-Island Expressway (PIE) are easily accessible, facilitating seamless travel across the island. This connectivity ensures that residents are never far from work, leisure, or essential services.

A Wealth of Amenities

Queenstown is a town centre with lots of amenities, and Margaret Drive Condo places residents at the center of it all. Here’s a closer look at what’s nearby:

Shopping and Dining: Residents can indulge in retail therapy at Queensway Shopping Centre, known for its sports stores, or Anchorpoint Shopping Centre, which offers a curated selection of boutiques and eateries. For daily necessities, IKEA Alexandra and supermarkets like Cold Storage and NTUC FairPrice are just a short drive away. Foodies will love Alexandra Village Food Centre and Mei Ling Market, where local hawker stalls serve everything from Hainanese chicken rice to laksa.
Education: Families will appreciate the proximity to top-tier schools, including Queenstown Primary School, Crescent Girls’ School, and Gan Eng Seng School. Preschools like Children’s Cove Preschool and Small Wonder Preschool cater to younger children, while institutions like the National University of Singapore (NUS) are within reach for higher education.
Recreation: Nature lovers can explore HortPark, a gardening hub with scenic trails, or the Rail Corridor, a green corridor perfect for jogging and cycling. The Singapore Botanic Gardens, a UNESCO World Heritage Site, is a short drive away, offering a serene escape from urban life.

Future Growth Prospects

The Queenstown area is poised for further transformation, thanks to upcoming developments outlined in the Urban Redevelopment Authority (URA) Master Plan. The Greater Southern Waterfront, a major urban project, will extend the city towards the waterfront, introducing new commercial, residential, and recreational spaces. This development includes waterfront parks, public spaces, and a continuous promenade, all of which are expected to enhance the quality of life and boost property values in nearby areas like Queenstown.

Additionally, the rejuvenation of the Dawson estate will bring new residential developments, commercial spaces, and public amenities, creating a more vibrant and self-sufficient community. These projects underscore the long-term potential of investing in Penrith Condo, as the area continues to evolve into a premier residential hub.

Penrith Site Plan & Floor Plans

Amenities and Facilities: A Lifestyle of Comfort

GuocoLand’s track record suggests that residents can expect a suite of luxurious facilities designed to enhance their quality of life. Based on similar projects like Martin Modern and Midtown Modern, here’s what the condo is likely to offer:

On-Site Amenities

Swimming Pool: A centerpiece of most luxury condos, the pool area may include an infinity pool, children’s pool, or jacuzzi, surrounded by lush landscaping.
Fitness Center: A state-of-the-art gym equipped with cardio machines, weights, and possibly a yoga deck for wellness enthusiasts.
Clubhouse and Function Rooms: Versatile spaces for hosting events, from birthday parties to corporate gatherings.
BBQ Pits: Outdoor areas for casual dining and socializing with family and friends.
Children’s Playground: A safe, fun-filled space for young residents to play and connect.
Landscaped Gardens: Tranquil green spaces that provide a respite from urban life, possibly with themed gardens or sky terraces.

Unique Features

GuocoLand is known for incorporating innovative elements into its developments. For instance, Martin Modern features a botanical garden concept, while Midtown Modern includes a rooftop forest. Penrith Condo may adopt a similar approach, perhaps with eco-friendly features like rainwater harvesting or solar panels, aligning with Singapore’s sustainability goals.

Penrith Site Plan & Floor Plans coming soon! Kindly contact us today to get the latest updates!

Penrith Show Flat

What to Expect at the Showflat

The Margaret Drive Condo showflat showcases a variety of unit types, from one-bedroom retreats to spacious five-bedroom homes. Expect:

Premium finishes and smart home features.
Bright, airy spaces with floor-to-ceiling windows.
A sneak peek at amenities like a swimming pool, gym, BBQ pits, and lush gardens.

Visiting the showflat lets you experience the layout and quality firsthand, helping you picture your future home.

Why Visit the Showflat?

A trip to the showflat offers:

A Real Feel for the space and design.
Insight into the Luxurious Amenities.
The chance to make an informed buying decision.

Open weekdays and weekends (10 AM – 7 PM), Penrith showflat welcomes visitors by appointment. Book your appointment today!

Penrith Pricing

Factors Influencing Price

Several factors contribute to the expected pricing:

Location Premium: Proximity to Queenstown MRT, schools like Queenstown Primary, and shopping hubs like Queensway Shopping Centre adds value.
Developer Reputation: GuocoLand’s history of delivering high-quality projects justifies a premium price.
Amenities and Design: Expected features like a swimming pool, gym, and landscaped gardens, typical of GuocoLand projects, enhance perceived value.
Market Trends: Singapore’s property market in 2025 is projected to see single-digit growth (3–5% annually), with District 3 likely to outperform due to upcoming developments like the Greater Southern Waterfront.

Penrith Price will be release nearer to launch date. To get the latest Pricing, Please register with our Developer Sales Team!

Top 6 Reasons Why You Should Consider Penrith?

When searching for a new home or a smart investment in Singapore’s bustling real estate market, Penrith Margaret Drive Condo by GuocoLand emerges as an exceptional option. Nestled in the vibrant District 3, this upcoming residential development combines luxury, convenience, and strong growth potential. Below are the top reasons why you should seriously consider making Margaret Drive Condo your next move.

1. Prime Location in District 3

Location is everything in real estate, and Margaret Drive Condo delivers with its strategic position in Queenstown, a mature estate in District 3. This area is known for its perfect mix of urban accessibility and suburban tranquility, making it highly sought after.

Excellent Connectivity: The condo is just a short walk from Queenstown MRT station on the East-West Line, offering quick access to key areas like the Central Business District (CBD), Orchard Road, and Jurong East. Commuting to work or exploring the city has never been easier.
Abundance of Amenities: Residents will enjoy proximity to shopping hubs like Queensway Shopping Centre and Anchorpoint Shopping Centre, as well as supermarkets such as Cold Storage and NTUC FairPrice. Food enthusiasts can savor local delights at Alexandra Village Food Centre or Mei Ling Market.
Close to Nature: Outdoor lovers will appreciate nearby green spaces like HortPark and the Rail Corridor, perfect for leisurely strolls or family outings.

In essence, the location offers unmatched convenience and a balanced lifestyle, making it ideal for professionals, families, and retirees alike.

2. Reputable Developer: GuocoLand

The developer behind a project can make all the difference, and GuocoLand brings a stellar reputation to Margaret Drive Condo. Known for delivering premium developments across Singapore, GuocoLand has a portfolio that includes acclaimed projects like Martin Modern, Midtown Modern, and Guoco Tower.

Proven Quality: GuocoLand is celebrated for its innovative designs, sustainability efforts, and attention to detail. Their developments often feature unique elements, such as lush greenery or cutting-edge facilities, that elevate the living experience.
Trustworthy Investment: With a track record of successful and enduring projects, buyers can feel confident that Margaret Drive Condo will be built to last and designed with residents’ needs in mind.

Choosing a condo by GuocoLand means investing in a home that’s both beautiful and reliable.

3. Modern Amenities for a Luxurious Lifestyle

While the full list of facilities for the development is still under wraps, GuocoLand’s history suggests that residents can expect a suite of modern, high-quality amenities. Based on their previous projects, you’re likely to find:

A swimming pool for relaxation or exercise.
A state-of-the-art gym for fitness buffs.
Landscaped gardens and communal spaces for peace and quiet.
BBQ pits and outdoor areas for entertaining guests.
A children’s playground for young families.

Beyond the condo itself, Queenstown’s established infrastructure adds even more value. Top schools like Queenstown Primary School and Crescent Girls’ School are nearby, as are recreational spots like the Singapore Botanic Gardens. This blend of on-site luxury and external convenience ensures a lifestyle that’s both indulgent and practical.

4. Strong Investment Potential

For those with an eye on financial returns, Penrith Condo offers impressive investment prospects. District 3 is a hotspot for property demand, thanks to its connectivity and amenities, which have driven consistent price growth.

Capital Appreciation: Nearby projects like Margaret Ville have seen values climb from $1,880 psf in 2018 to $2,139 psf in recent years, signaling strong appreciation potential for Margaret Drive Condo.
Rental Income: With its proximity to Queenstown MRT and appeal to professionals and expatriates, the condo is poised to generate solid rental yields, typically ranging from 3% to 4% in the area.
Future Growth: The upcoming Greater Southern Waterfront development is set to further enhance property values in District 3, making this an opportune time to invest.

Whether you’re looking to build wealth or secure a steady income stream, this condo is a smart choice.

5. Unique Lifestyle Appeal

Margaret Drive Condominium isn’t just about practicality, it’s about embracing a distinctive lifestyle. Queenstown offers a rare blend of heritage and modernity that appeals to a wide range of residents.

Rich Heritage: The neighborhood is dotted with cultural landmarks like the Queenstown Public Library and Tanglin Halt estate, adding a nostalgic charm to daily life.
Vibrant Community: Queenstown is evolving with new developments while retaining its lively, community-oriented feel.
Nature and Recreation: Proximity to Bukit Timah Nature Reserve and other green spaces makes it a haven for outdoor enthusiasts and families.

This unique mix ensures that living at Margaret Drive Condo is as enriching as it is enjoyable.

6. Future Potential: The Greater Southern Waterfront

One of the most compelling reasons to invest in Penrith Margaret Drive is its proximity to the transformative Greater Southern Waterfront project. This ambitious initiative by the Urban Redevelopment Authority (URA) will reshape Singapore’s southern coastline into a vibrant mixed-use district.

What to Expect

New Developments: The area will feature commercial hubs, residential zones, and recreational spaces, boosting the appeal of nearby Queenstown.
Waterfront Lifestyle: Plans include a scenic promenade and parks, offering residents stunning views and outdoor activities.
Rising Property Values: As the Greater Southern Waterfront takes shape, property demand in District 3 is expected to soar, making this condo a future-proof investment.

Living at Penrith Condo positions you to benefit from this exciting urban evolution, both in terms of lifestyle and financial returns.

Conclusion

In summary, Penrith Condo by GuocoLand is more than just a residential development, it’s a gateway to a fulfilling lifestyle and a savvy investment. With its prime location, trusted developer, luxurious amenities, strong financial potential, and distinctive appeal, it checks all the boxes for discerning buyers. As Queenstown continues to thrive, this condo presents a rare opportunity to own a piece of one of Singapore’s most promising neighbourhoods. Don’t wait, explore Margaret Drive Condo today and see why it’s the perfect place to call home or grow your portfolio.

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