Last Updated on September 17, 2025
Penrith @ Margaret Drive
Queenstown has always been one of Singapore’s most desirable city-fringe estates. It combines mature amenities, good schools, and excellent transport links with the convenience of being minutes from the CBD and Orchard Road. Yet for more than seven years, no new private condo has launched here.
That’s about to change with Penrith @ Margaret Drive, a 462-unit development by GuocoLand and Hong Leong Holdings. This project, located just four minutes from Queenstown MRT, will preview in October 2025. As the first new launch condo in the area since 2018, demand is expected to be strong among both homeowners and investors.
Location and Connectivity
Situated along Margaret Drive in District 3, Penrith offers the best of a mature estate while giving buyers the freshness of a brand-new development. Queenstown MRT on the East-West Line is only a short walk away, connecting residents directly to Raffles Place, Tanjong Pagar, and Jurong East. For drivers, the AYE and CTE provide convenient access across the island.
The neighbourhood already has a full suite of amenities. Anchorpoint, IKEA Alexandra, and Queensway Shopping Centre cover daily needs, while The Star Vista adds dining and lifestyle options. Families will also benefit from schools such as Queenstown Primary within 1 km, along with Fairfield Methodist and Anglo-Chinese School (Independent) nearby. Outdoor enthusiasts can enjoy Alexandra Canal Linear Park and Queenstown Stadium, which provide greenery and recreation at the doorstep
First Look at Penrith’s Design and Lifestyle
Penrith’s design language is all about balance — blending the energy of city-fringe living with the calm of nature. The facilities and landscaping aren’t just functional; they’re crafted to create an atmosphere of resort-style comfort right in the heart of Queenstown.
The centrepiece is a flowing lagoon-style pool surrounded by lush greenery, giving residents the sense of stepping into a private retreat each time they come home. Instead of rigid lines, the curves of the pool and gardens invite relaxation and reflect the development’s softer, lifestyle-driven approach.
From the sky gardens and upper floors, the views are equally impressive. Residents will enjoy sweeping panoramas across Bukit Timah’s greenery and the city skyline — a reminder that this is one of the rare city-fringe projects that offers both urban connectivity and natural outlooks.
The twin towers rise elegantly above Margaret Drive, marking a new landmark for the estate. By day, they frame the neighbourhood with modern architecture; by evening, the warm glow of the façades adds presence to Queenstown’s skyline.
At the ground level, landscaped pavilions and garden spaces offer quiet corners to relax or socialise, while the clubhouse and fitness facilities overlook vibrant flower beds. This integration of greenery and wellness reinforces Penrith’s positioning as more than just a home — it’s a lifestyle environment designed for long-term liveability.
Facilities
Penrith is designed as more than a home — it is a lifestyle enclave. The development offers a full spectrum of facilities spread across multiple levels, combining recreation, wellness, and relaxation.
At the ground level, residents can enjoy landscaped gardens, a children’s splash pool, an arrival court, and a tennis court — a rare feature in new launches of this size. Families benefit from an early childhood development centre and outdoor playground, while adults can make use of fitness zones, garden alcoves, and BBQ pavilions for gatherings.
The landscape deck is where the central lagoon-style swimming pool sits, accompanied by a clubhouse with function rooms, a gym, and reading lounges. In addition, tea terraces, fern garden trails, and water lily ponds bring a calming, resort-like character to the environment.
Meanwhile, both towers feature roof gardens at the 40th storey. These sky decks provide unique amenities such as hammock lounges, stargazing decks, and sky dining terraces with BBQs. Residents can also enjoy sunset terraces and outdoor reading corners while taking in panoramic views of Singapore.
Practical everyday needs are well-considered, too. A bicycle park, a basement carpark, and storage facilities improve daily convenience. Altogether, Penrith’s generous offering of gardens, lounges, and themed pavilions creates both vibrant social spaces and quiet retreats.
My Take: Few new launches in District 3 can match Penrith’s breadth of facilities. From family-friendly play areas to rooftop lounges with skyline views, the project delivers lifestyle depth that appeals to both homeowners and tenants. The inclusion of a tennis court and dual-roof gardens gives it a clear edge over many other city-fringe launches.
Unit Mix and Living Spaces
Penrith offers a mix of 2- to 4-bedroom layouts that cater to a wide range of buyers.
- 2-Bedroom units range from 614 to 678 sqft, compact yet efficient, appealing to young couples and investors.
- 3-Bedroom units span 786 to 1,066 sqft, with Premium layouts including a yard and utility spaces for families who need practicality.
- 4-Bedroom units measure 1,173 to 1,281 sqft, designed for larger households or multi-generational living, with storerooms and WC included.
My Take: Penrith’s unit mix balances efficiency with liveability. Smaller layouts meet the needs of investors, while the larger Premium types provide the everyday functionality families look for.
Investment Potential
Penrith has strong fundamentals for both homebuyers and investors.
First, it is the first new launch in Queenstown in over seven years. Supply in mature estates is limited, which means demand often outpaces availability.
Second, connectivity makes it attractive. Being only minutes from the MRT, residents can reach work and leisure hubs quickly. This convenience also appeals to tenants, strengthening rental potential.
Third, it comes from trusted developers. GuocoLand and Hong Leong Holdings both have strong reputations, which build confidence in quality and long-term value.
For investors, Penrith can serve as a strong addition to a property investment portfolio. With a 2029 TOP, buyers who secure units at launch can look forward to capital appreciation and stable rental demand.
How Penrith Compares to Past Queenstown Launches
While Penrith is a fresh opportunity, it isn’t the first private condo launch in Queenstown. Projects like Stirling Residences and Margaret Ville launched back in 2018, and both saw healthy take-up. By looking at them side by side, we can understand why demand for Penrith is expected to be just as strong — if not stronger.
| Project | Launch Year | Units | Location & Connectivity | Current Status / Appeal |
|---|---|---|---|---|
| Penrith @ Margaret Drive | 2025 (Preview Oct) | 462 | 4-min walk to Queenstown MRT; central D3 | First launch in 7 years, strong pent-up demand |
| Stirling Residences | 2018 | 1,259 | Stirling Road; ~5-min to Queenstown MRT | Large-scale development; resale market active with capital appreciation |
| Margaret Ville | 2018 | 309 | Margaret Drive; ~5-min to Queenstown MRT | Large-scale development; the resale market is active with capital appreciation |
Key Takeaways for Buyers and Investors
- Scarcity matters: Penrith is the first new supply in years, entering a mature market with strong demand.
- Balanced size: With 462 units, it offers a mid-sized community — larger than boutique projects, but less dense than mega-developments.
- Modern edge: With a 2029 TOP, buyers get the latest in design and condo facilities compared to older resale stock.
- Strong rental appeal: Proximity to the CBD, One-North, and Alexandra ensures consistent tenant demand.
Conclusion
Penrith @ Margaret Drive is shaping up to be one of the most anticipated launches of 2025. With its prime location just minutes from the MRT, trusted developers behind it, and the distinction of being Queenstown’s first new launch in years, it is well-positioned to attract both homeowners and investors.
For buyers seeking a balance of convenience, lifestyle, and long-term investment potential, Penrith offers a compelling choice.
Contact me today if you’d like to be among the first to secure a unit at Penrith @ Margaret Drive when the preview opens in October 2025.
Frequently Asked Questions (FAQ) About Penrith @ Margaret Drive
1. When will Penrith @ Margaret Drive launch?
The preview for Penrith is scheduled for October 2025, with sales expected to begin shortly after. As Queenstown’s first new launch in over seven years, demand is expected to be strong.
2. Where is Penrith located?
Penrith sits along Margaret Drive in District 3, a mature estate in Queenstown. It is only a 4-minute walk to Queenstown MRT on the East-West Line, giving residents direct connectivity to the CBD, Orchard, and Jurong East.
3. What unit types are available at Penrith?
The development offers 2- to 4-bedroom layouts, catering to couples, families, and multi-generational households. Exact floor sizes will be released closer to the launch.
4. What facilities will Penrith have?
While the full details are pending, buyers can expect a full range of modern condo facilities — a swimming pool, gym, clubhouse, landscaped gardens, BBQ areas, and play spaces for children. With 462 units, Penrith will balance variety with community.
5. Why is Penrith a good investment?
Penrith is the first new launch condo in Queenstown in years, making it a rare supply opportunity. Its central location, strong transport links, and reputable developers add to its appeal. For investors, it offers long-term rental demand from nearby employment hubs like One-North and the CBD, while also holding potential for capital appreciation by TOP in 2029.
