Penrith Condominium Commences VVIP Preview with Pricing Starting from $2,437 Per Square Foot
Penrith Condominium, a prominent new residential development in Singapore’s Queenstown district, is set to initiate its Very Very Important Person (VVIP) preview phase. This event marks a significant milestone for prospective buyers, offering early access to units with prices beginning at $2,437 per square foot (psf). Developed through a collaboration between Hong Leong Holdings Limited, Hong Realty (Private) Limited, and GuocoLand Limited, the project represents the first private residential launch in the Margaret Drive area in seven years.
Strategic Location and Connectivity
Situated at 70 and 72 Margaret Drive in District 3, Penrith benefits from its position in Queenstown, Singapore’s inaugural satellite town, which seamlessly integrates historical elements with contemporary urban infrastructure. The development is conveniently located a short walk from Queenstown MRT station on the East-West Line, facilitating efficient travel to key areas such as the Central Business District (approximately 15 minutes to Raffles Place), Orchard Road, and Jurong East. Additional connectivity is provided by nearby bus services along Margaret Drive and Commonwealth Avenue, as well as proximity to major expressways including the Ayer Rajah Expressway (AYE), Bukit Timah Expressway (BKE), and Pan Island Expressway (PIE).
The surrounding neighborhood offers a wealth of amenities, including shopping destinations like Queensway Shopping Centre, Anchorpoint Shopping Centre, and IKEA Alexandra, alongside supermarkets such as Cold Storage and NTUC FairPrice. Dining options abound at Alexandra Village Food Centre and Mei Ling Market. Educational institutions in close proximity encompass Queenstown Primary School, Crescent Girls’ School, Gan Eng Seng School, and the National University of Singapore (NUS). Recreational facilities, such as HortPark, the Rail Corridor, and the Singapore Botanic Gardens, enhance the lifestyle appeal. Future enhancements, including the Greater Southern Waterfront project featuring waterfront parks and promenades, are anticipated to elevate property values in the vicinity.
Architectural Design and Unit Configurations
Inspired by the scenic landscapes of Penrith in Cumbria, England, the condominium incorporates English-themed landscaping and communal areas, such as gazebos reminiscent of traditional English gardens. The development comprises two 40-storey towers accommodating 462 units on a 99-year leasehold site spanning approximately 102,497 square feet. Units are designed with practical layouts, modern finishes, and functionality suitable for young families and larger households.
The available unit types include:
| Unit Type | Size Range (sq ft) | Number of Units |
|---|---|---|
| 2-Bedroom | 614 – 678 | 154 |
| 3-Bedroom | 786 – 850 | 117 |
| 3-Bedroom Premium | 936 – 1,066 | 77 |
| 4-Bedroom | 1,173 | 76 |
| 4-Bedroom Premium | 1,281 | 38 |
Detailed floor plans and site layouts are accessible upon registration for the preview. The expected Temporary Occupation Permit (TOP) is scheduled for April 1, 2029, with legal completion projected for April 1, 2032.
Comprehensive Amenities
Penrith Condo provides an extensive array of facilities to support a balanced lifestyle. Ground-level amenities feature a fitness zone, children’s play area, playground, outdoor camping ground, and tennis court. The clubhouse includes a function room, library, reading room, gym, games room, and lounge. Aquatic facilities encompass a swimming pool zone with a pool terrace, aqua deck, lake pool alcove, wading deck, and spa seats.
Landscaped areas offer a sun deck, tea tree grove, fern garden trail, water lily pond, rose sanctuary, picnic lawn, willow lane, garden gazebo, spice trail, outdoor reading alcove, and tea pavilion. Bicycle parking is also available. On the 40th-floor roof garden, residents can enjoy an outdoor reading lounge, yoga lawn, sunset terrace, scented garden, alfresco dining with barbecue facilities, juniper lounge, hammock deck, horizon terrace, and sky dining terrace with barbecue options.
These amenities are complemented by practical features such as sheltered walkways to the MRT station and convenient drop-off points.
Pricing Structure
Indicative pricing for Penrith units has been disclosed, reflecting competitive rates in the current market. The starting price is $2,437 psf for select units. Detailed breakdowns include:
- 2-Bedroom (614 sq ft): From $1.495 million ($2,437 psf)
- 2-Bedroom Premium (678 sq ft): From $1.665 million ($2,455 psf)
- 3-Bedroom (786 sq ft): From $1.973 million ($2,511 psf)
- 4-Bedroom (1,173 sq ft): From $3.078 million ($2,623 psf)
These figures are subject to change and serve as references. Maintenance fees and additional pricing details will be confirmed closer to the launch.
VVIP Preview and Registration Process
The VVIP preview is scheduled from October 3 to 13, 2025, with appointments mandatory for access to the showflat. The showflat operates from 10:00 AM to 7:00 PM on weekdays and weekends. Prospective buyers are encouraged to register for a VVIP Preview Pass to secure direct developer pricing and potential discounts. Registration can be completed via the official website or by contacting the sales team at +65 6100-6688. Official sales are slated to commence on October 18, 2025.
This development presents an opportunity for investors and homeowners to acquire a property in a prime location with robust growth potential. Interested parties should act promptly to participate in the preview phase.