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Last Updated: 11th July 2025
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Just Minutes From Queenstown MRT
An Iconic Development in Queenstown!
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Penrith at Margaret Drive
Penrith is an exciting new residential development located in the heart of Queenstown, Singapore. This upcoming 99-year leasehold project will feature approximately 462 thoughtfully designed units, offering residents excellent connectivity to public transport, reputable schools, and a range of lifestyle amenities.
The Government Land Sales (GLS) launch at Margaret Drive is targeted to preview in October 2025. With its strategic location just minutes from Queenstown MRT and key city hubs, this development is drawing strong interest from both homeowners and investors.
Jointly developed by GuocoLand and top-tier partners Hong Leong, the project reflects a clear emphasis on quality and contemporary living. Set within one of Singapore’s most dynamic and well-connected districts, Penrith by GuocoLand is poised to redefine urban living in Queenstown.
HIGHLY ANTICIPATED PROJECT IN 2025
PENRITH
Penrith at Margaret Drive offers exceptional convenience, located just steps from Queenstown MRT and close to key interchanges like Buona Vista, Jurong East, and City Hall, with easy access to major expressways such as the AYE, BKE, and PIE. Families will appreciate the proximity to schools like Queenstown Primary, New Town Primary, Queensway Secondary, Crescent Girls’ School, as well as nearby international and special education institutions. Shopping and dining are a breeze with Anchorpoint, Queensway Shopping Centre, and Orchard Road within easy reach, alongside vibrant food spots like Margaret Drive Hawker Centre, Margaret Market, and stylish cafés. Nature lovers can explore the Green Corridor, Rail Corridor, and Alexandra Canal Linear Park, which connects to HortPark, offering scenic routes and green spaces for relaxation and recreation.
PENRITH
PROJECT INFORMATION
Project Name: Penrith
Developer: Guocoland & Hong Leong
Total Units: 462 Residential Units (1-5 bedrooms)
No. of Blocks: TBA
Site Area: Approx. 9,526 Sqm
Estimated TOP: 2029
Address: Margaret Drive
Tenure: 99 Leasehold
District: 03
Price PSF: $25xxpsf onwards
Indicative Price Range: $1.3xxmil onwards
Witness the blossoming of a haven,
where nature intertwines with refined living.
Showflat Location
Who is the Developer?
The GuocoLand Limited (“GuocoLand”) and its subsidiaries (“the Group”) is a leading real estate group that is focused on its twin engines of growth in Property Investment and Property Development.
It develops, invests in and manages a portfolio of quality commercial and mixed-use assets providing stable, recurring rental income with potential for capital appreciation. The Group has a strong track record in creating distinctive integrated mixed developments and premium residential properties that uplift and transform their local neighbourhoods.
The Group’s investment properties – the total value of which stood at S$6.56 billion as at 30 June 2024 – are located across its key markets of Singapore, China and Malaysia, such as Guoco Tower and Guoco Midtown in Singapore, Guoco Changfeng City in Shanghai, and Damansara City in Kuala Lumpur. Iconic residential projects of the Group include Wallich Residence, Martin Modern, Meyer Mansion, Midtown Modern, Midtown Bay, Lentor Modern and Lentor Mansion.
The Group’s end-to-end capabilities span across the real estate value chain, from planning and design, property investment, property development, and property management to asset management.
GuocoLand is listed on the Mainboard of the Singapore Exchange. The parent company of GuocoLand is Guoco Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Both GuocoLand and Guoco Group Limited are members of the Hong Leong Group in Malaysia.
