Launching 2034: Penrith

Refined Residences, Crafted for Diverse Family Preferences, Offering Extensive Amenities and Quality Living Spaces.

*The information is subject to change and photos/images used are for illustration purposes only.

Penrith: Connected Living in Queenstown

Project / Location Name

PENRITH

Region

Rest of Central Region (RCR)

District

D03 - Alexandra / Commonwealth

Cluster

Central

Planning Area

Queenstown

Subzone

MARGARET DRIVE

Property Type

Condo

Site Area

102,497 Sqft

GFA

429,480 Sqft

Plot Ratio

4.5

Tenure

99 Years

Total Units

462

Type of Land Sales

GLS

Land Use

Residential

Land Bid Price

$497,000,000

Highest Bid (m)

$497,000,000

Highest Bid (psf)

$1,154

Number of Bids

2

Land Awarded Date

2024-08-01

Est. Breakeven PSF

$2,026

Developers

GuocoLand, Hong Leong Holdings Limited

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Introducing the Penrith: Queenstown Living

The Penrith is a new residential development situated along Margaret Drive in Singapore. Located within the established Queenstown area, it offers a blend of contemporary amenities and green spaces.

The area provides excellent connectivity, with Queenstown MRT Station on the East–West Line a brief walk away, ensuring easy access across the island. Major expressways, including the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), are readily accessible, supporting smooth travel throughout Singapore.

The neighborhood also features a variety of retail and lifestyle options, such as Dawson Place, Anchorpoint Shopping Centre, Queensway Shopping Centre, and IKEA Alexandra. For outdoor recreation, individuals can enjoy nearby green corridors like Alexandra Canal Linear Park and the Rail Corridor.

Families will find several schools nearby, including Queenstown Primary School, New Town Primary School, Crescent Girls’ School, and Gan Eng Seng Primary School, along with international institutions in the surrounding area.

*The information is subject to change and photos/images used are for illustration purposes only.

Connectivity & Conveniences

Steps from Queenstown MRT (0.32km), Queenstown Primary (0.10km), and Sheng Siong (0.13km). Dawson Place (0.42km), Invictus Int'l (0.70km), My First Skool (0.13km), and Dawson Hawker Centre (0.47km) offer daily ease.

Trains (MRT & LRT)

  • EW19 Queenstown

    MRT

    350 m

  • EW18 Redhill

    MRT

    1150 m

  • EW20 Commonwealth

    MRT

    1370 m
Bus Stops

  • Queenstown Pr Sch

    Margaret Dr

    123 m

  • Opp Queenstown Pr Sch

    Margaret Dr

    162 m

  • Opp Blk 95

    Kay Siang Road

    332 m
Primary Schools
Secondary Schools
International Schools

  • Invictus International School (dempsey)

    73 Loewen Road #01-21 Singapore 248843

    700 m

  • Razum International School

    1 Kay Siang Road #05-01/02 Singapore 248922

    720 m

  • Melbourne Specialist International School

    75c Loewen Road Singapore 248853

    730 m
Supermarkets

  • Dawson Place

    Central

    460 m

  • Anchorpoint

    Central

    880 m

  • Alexandra Central

    Central

    1040 m
Healthcare

  • Rainbow Dental Clinic

    Margaret Drive

    130 m

  • The Dental Gallery Dawson

    Dawson Road

    150 m

  • The Family Practice@ Skyville

    Dawson Road

    150 m

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Nearby Property Transactions (Past 1 Year)

The surrounding market saw transactions ranging from $780,000 to $12,300,000, with prices per square foot from $728 to $4299. Nearby Queens Peak and Stirling Residences recorded 43 and 108 sales, respectively.

$780,000 $728 PSF $2,393,345 $2,542 PSF $12,300,000 $4,299 PSF
Lowest Sale Average Highest Sale
Distance Project Name Tenure Top Total Units Bedroom Size Range Sales Range Sales Volume
268m QUEENS PEAK 99 Years 2020 736 1, 2, 3, 4, 5, Penthouse 431 - 2,002 sqft S$948,000 - S$4,230,000
S$2,019 - S$2,405 PSF 		41
308m COMMONWEALTH TOWERS 99 Years 2017 845 1, 2, 3, 4 441 - 1,076 sqft S$900,000 - S$2,730,000
S$1,911 - S$2,536 PSF 		47
494m QUEENS 99 Years 2002 722 2, 3, 4, Penthouse 915 - 1,410 sqft S$1,580,000 - S$2,738,800
S$1,647 - S$2,010 PSF 		14
564m ALEXIS Freehold 2014 293 1, 2, Penthouse 366 - 883 sqft S$780,000 - S$1,395,000
S$1,468 - S$2,131 PSF 		10
581m STIRLING RESIDENCES 99 Years 2022 1259 1, 2, 3, 4 441 - 1,346 sqft S$1,000,000 - S$3,388,000
S$1,971 - S$2,697 PSF 		118

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Nearby Rental Market Overview

Explore the local rental landscape where monthly rates range from $2,430 to $35,000, averaging $5,675. Developments such as QUEENS PEAK and STIRLING RESIDENCES show strong rental activity, with rates typically from $3,050 to $10,500.

Distance Project Name Tenure Top Total Units Bedroom Size Range Rental Range Rental Yield Rental Volume
268m QUEENS PEAK 99 Years 2020 736 1, 2, 3, 4, 5, Penthouse 431 - 2,002 sqft S$3,100 - S$10,500
S$4 - S$10 PSF 		2.40% - 5.70%
Avg Yield: 4.05% 		222
308m COMMONWEALTH TOWERS 99 Years 2017 845 1, 2, 3, 4 441 - 1,076 sqft S$3,050 - S$8,000
S$6 - S$9 PSF 		2.37% - 5.60%
Avg Yield: 3.99% 		276
494m QUEENS 99 Years 2002 722 2, 3, 4, Penthouse 915 - 1,410 sqft S$4,300 - S$8,800
S$3 - S$6 PSF 		2.47% - 4.27%
Avg Yield: 3.37% 		109
564m ALEXIS Freehold 2014 293 1, 2, Penthouse 366 - 883 sqft S$2,500 - S$5,700
S$4 - S$10 PSF 		2.40% - 6.46%
Avg Yield: 4.43% 		140
581m STIRLING RESIDENCES 99 Years 2022 1259 1, 2, 3, 4 441 - 1,346 sqft S$3,100 - S$10,350
S$6 - S$9 PSF 		2.22% - 5.40%
Avg Yield: 3.81% 		274

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Penrith Project Details & Frequently Asked Questions

The district is D03 - Alexandra / Commonwealth for Penrith

This property type is a Apartment for Penrith

The plot ratio for Penrith is 4.53

The gross floor area for Penrith is 429,480 sqm

The land size for Penrith is 102,497 sqft

The subtown for Penrith is MARGARET DRIVE

The region of Penrith is RCR

There are 2 blocks in Penrith development.

The postal code for Penrith is 149926

The address of Penrith development is 70 MARGARET DRIVE

Invictus International School (Dempsey), Razum International School, Melbourne Specialist International School, The Guild International College, North London Collegiate School international schools are near to Penrith

National University Of Singapore, Singapore Management University, Nanyang Academy Of Fine Arts, Lasalle College Of The Arts Tertiary & Universities are near to Penrith

Bus number(s) 32, 122, 51, 111, 145, 186, 195, 195A, 970 is/are near to Penrith

East West Line, Thomson East Coast Line MRTS are near to Penrith

Dawson Place, Anchorpoint, Alexandra Central, Queensway Shopping Centre, Hao Mart shopping center(s) is/are near to Penrith

Dawson Hawker Centre, Mei Chin Road Blk 159 (Mei Chin Road Market), Jalan Bukit Merah Blk 6 (Abc Brickworks Market/food Centre), Bukit Merah Lane 1 Blk 120 (Alexandra Village Food Centre), Commonwealth Drive Blk 1a/2a/3a (Tanglin Halt Food Centre/commonwealth Drive Food Centre) hawker center(s) is/are near to Penrith

My First Skool, Queenstown Good Shepherd Kindergarten, Pcf Sparkletots Preschool @ Queenstown Blk 78b (Cc), The Children's Place Pte Ltd, Pcf Sparkletots Preschool @ Queenstown Blk 53a (Cc) childcare is/are near to Penrith

Rainbow Dental Clinic, The Dental Gallery Dawson, The Family Practice@ Skyville, Dental Clinic, Dawson Medical Clinic are near to Penrith

Queenstown Cc, Leng Kee Cc, Bukit Merah Cc, Henderson Cc, Buona Vista Cc community centers are near to Penrith

The unit mix for Penrith development is [2, 3, 4]

*The information is subject to change and photos/images used are for illustration purposes only.

Penrith Project Information

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