Penrith Condo by GuocoLand: Luxury Living in Queenstown’s Margaret Drive
Introduction
Penrith Condo is set to be one of the most exciting new launches in Singapore’s real estate scene, offering an exclusive blend of contemporary elegance and urban convenience in the heart of District 3. Developed by a powerful consortium led by GuocoLand, alongside Hong Leong Holdings and Intrepid Investments, this 99-year leasehold development will rise along Margaret Drive within the well-established Queenstown estate. Scheduled for launch in late 2025 with completion targeted for 2029, Penrith Condo will be the first major residential project in the area in nearly a decade, following the success of Stirling Residences. Its rarity and prime location make it a promising choice for both homebuyers and investors.
Prime Location in a Mature Estate
Strategically positioned in the charming and historic Queenstown neighbourhood, Penrith Condo enjoys a coveted address that offers the best of both worlds, vibrant city connectivity and a peaceful residential setting. The development spans approximately 102,498 sq ft with a plot ratio of 4.2, allowing for an estimated 460 well-designed units.
Its District 3 location puts residents within minutes of the Central Business District, Orchard Road, and surrounding lifestyle destinations, while also being surrounded by lush green spaces and community amenities. The mature infrastructure of Queenstown ensures residents benefit from established transport links, retail hubs, and recreational spaces.
Developed by Industry Leaders
The land for Penrith Condo was acquired in August 2024 for S$497 million (about S$1,154 psf ppr) by the GuocoLand-led partnership with Hong Leong Holdings through Intrepid Investments and Hong Realty.
- GuocoLand is renowned for crafting luxury developments that prioritize smart layouts, architectural excellence, and sustainable features.
- Hong Leong Holdings adds decades of proven expertise in creating high-value, high-quality residential communities.
This collaboration promises a development that will not only be visually striking but also functionally superior and investment-worthy.
Design & Living Spaces
Penrith Condo is expected to offer a versatile mix of layouts catering to diverse needs—from sleek one-bedroom apartments perfect for young professionals to expansive five-bedroom units ideal for multi-generational families.
Key features include:
- Maximized natural light & ventilation through thoughtful architectural design
- Premium finishes & fittings for a luxurious touch
- Energy-efficient systems to meet modern sustainability standards
The contemporary façade will blend seamlessly with Queenstown’s urban skyline, creating a timeless residential landmark.
World-Class Amenities
Residents will enjoy a comprehensive suite of lifestyle facilities designed to cater to wellness, leisure, and social interaction, including:
- 50-metre lap pool & sun decks
- Fully equipped gymnasium
- Children’s playground & family zones
- Function rooms & lounge areas
- Spa corners and landscaped gardens
The inclusion of eco-friendly features such as water-saving systems and green landscaping further enhances the project’s appeal for environmentally conscious buyers.
Connectivity & Convenience
Penrith Condo offers unmatched connectivity, with Queenstown MRT station just a short 3–5 minute walk away. Major expressways like AYE, CTE, and PIE provide seamless travel across the island.
Nearby amenities include:
- Shopping: Anchorpoint, Queensway Shopping Centre, IKEA Alexandra
- Dining: Margaret Drive Hawker Centre, Dawson Mall eateries
- Recreation: Alexandra Canal Linear Park, Rail Corridor
- Healthcare: Alexandra Hospital, National University Hospital
Educational Options Nearby
For families with children, Penrith Condo’s location is ideal:
- Queenstown Primary School – next to the site
- New Town Primary & Queensway Secondary School – nearby
- International schools like Tanglin Trust School and ISS International School – within a short drive
Conclusion
Penrith Condo by GuocoLand represents a rare chance to own a home in Queenstown’s prestigious Margaret Drive, combining luxury, convenience, and long-term investment value. With its first-class facilities, superb connectivity, and strong developer track record, it is set to become a highly sought-after address.
