Introduction
Penrith Condo is set to make waves in Singapore’s residential property market as a rare new launch in Queenstown’s highly sought-after District 3. Developed by a consortium comprising GuocoLand, Hong Leong Holdings, and Intrepid Investments, this 99-year leasehold development will rise along Margaret Drive, offering a perfect combination of modern luxury and strategic connectivity.
With its launch expected in late 2025 and completion in 2029, Penrith Condo will be the first significant new condominium project in the area since Stirling Residences nearly eight years ago, highlighting its scarcity and investment potential.
Prime Location in a Well-Connected Neighbourhood
Occupying a site of about 102,498 sq ft with a plot ratio of 4.2, Penrith Condo will house around 460 residential units designed for a variety of lifestyles. Its Queenstown location ensures residents enjoy excellent accessibility to both the Central Business District and Orchard Road, while still being surrounded by parks, dining spots, and community amenities.
Queenstown’s mature infrastructure and transport network make it especially appealing to professionals, families, and long-term investors.
Experienced Developers with Strong Track Records
In August 2024, the site was purchased for S$497 million (approximately S$1,154 psf ppr) by the GuocoLand-led consortium, which includes Hong Leong Holdings through Intrepid Investments and Hong Realty.
- GuocoLand is known for delivering architecturally distinctive projects that emphasize functionality, elegance, and sustainability.
- Hong Leong Holdings adds a legacy of quality developments that hold enduring market value.
Together, they bring decades of expertise to ensure Penrith Condo meets the highest standards.
Residences Designed for Modern Living
Penrith Condo is expected to feature a wide range of layouts, from stylish 1-bedroom units to expansive 5-bedroom apartments, catering to singles, couples, and multi-generational households.
Key design elements will likely include:
- Functional layouts to maximize living space
- Large windows for optimal light and ventilation
- Premium finishes and fittings
- Sustainable design features for eco-friendly living
Comprehensive Lifestyle Facilities
Residents will enjoy a curated selection of amenities that cater to wellness, recreation, and community life, such as:
- 50-metre lap pool and sun deck
- Fully equipped fitness centre
- Children’s playground and family areas
- Function rooms and private lounges
- Spa facilities and landscaped gardens
The development will integrate greenery into its design, offering a calm retreat from city life.
Excellent Connectivity and Amenities Nearby
A key advantage of the Penrith Condo is the its short 3–5 minute walk to Queenstown MRT Station, providing direct the access to East-West Line. Major expressways such as AYE, CTE, and PIE are also within easy reach for drivers.
Nearby conveniences include:
- Retail: Anchorpoint, Queensway Shopping Centre, IKEA Alexandra
- Food: Margaret Drive Hawker Centre, Dawson Mall
- Recreation: Alexandra Canal Linear Park, Rail Corridor
- Healthcare: Alexandra Hospital, National University Hospital
Close to Quality Schools
For families, education options are plentiful:
- Queenstown Primary School – right the next to the site
- New Town Primary and Queensway Secondary – nearby
- International schools such as the Tanglin Trust School or ISS International School – within the short drive
Conclusion
Penrith Condo by GuocoLand represents a rare opportunity to own a home in one of Singapore’s most established neighbourhoods. With its prime location, reputable developers, and modern lifestyle offerings, it is set to attract strong interest from buyers and investors seeking both comfort and long-term value.
Early registration is recommended to secure priority access to launch details and un
