Introduction
Penrith Condo is an upcoming residential gem that will soon grace the skyline of District 3, offering a blend of contemporary living and timeless comfort. This 99-year leasehold development is the result of a collaboration between GuocoLand, Hong Leong Holdings, and Intrepid Investments, strategically positioned along Margaret Drive in the established Queenstown estate.
Planned for launch in late 2025 and slated for completion in 2029, Penrith Condo will be the first major condominium launch in the area in nearly a decade, following the success of Stirling Residences. Its limited availability, combined with its prime address, makes it a highly anticipated addition to Singapore’s property market.
Exceptional Location with City-Fringe Appeal
Occupying approximately 102,498 square feet and boasting a plot ratio of 4.2, Penrith Condo is expected to house about 460 thoughtfully designed homes.
Its prime location in Queenstown offers residents quick access to the Central Business District, Orchard Road, and other key destinations, while still enjoying the peaceful charm of a mature residential area. With parks, dining options, and community amenities nearby, the development provides both convenience and quality of life.
Led by Trusted Developers
In August 2024, the site was acquired for S$497 million, equivalent to S$1,154 psf ppr by a GuocoLand-led consortium, including Hong Leong Holdings via Intrepid Investments and Hong Realty.
- GuocoLand is celebrated for creating architecturally impressive and functional developments that incorporate sustainable living solutions.
- Hong Leong Holdings brings decades of proven experience and a strong reputation for delivering projects of lasting value.
Residences for Every Lifestyle
Penrith Condo will likely offer a wide selection of layouts, from compact 1-bedroom apartments ideal for professionals to spacious 5-bedroom units suited for families.
Anticipated design features include:
- Efficient floor plans to maximize living space
- Large windows for ample natural light and ventilation
- Premium interior finishes
- Energy-efficient fittings and sustainable materials
Premium Amenities for a Complete Lifestyle
The development will offer a host of facilities tailored to leisure, wellness, and community interaction, such as:
- 50-metre swimming pool with relaxation decks
- Fully equipped gymnasium
- Children’s play areas and family-friendly zones
- Function rooms for gatherings
- Spa facilities and landscaped gardens
The integration of green spaces will create a serene retreat for residents within the urban setting.
Unbeatable Connectivity and Nearby Conveniences
Penrith Condo enjoys excellent connectivity, with Queenstown MRT Station just a 3–5 minute walk away. Major expressways such as AYE, CTE, and PIE ensure fast access to all parts of Singapore.
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
Close to Educational Institutions
Families will find a range of reputable schools in the area, including:
- Queenstown Primary School – adjacent to the development
- New Town Primary School and Queensway Secondary School – close by
- International options like Tanglin Trust School and ISS International School – within a short drive
Conclusion
Penrith Condo by GuocoLand combines location, lifestyle, and lasting value in one exceptional development. Backed by leading developers and set within one of Singapore’s most established neighbourhoods, it is poised to become a sought-after address for discerning buyers and investors.