District
D03 - Queenstown / Tiong Bahru
Property type
Condominium
Tenure
99-years Leasehold
Total residences
462
Project overview
The essentials, clearly considered.
Penrith is a 99-year leasehold condominium at 70-72 Margaret Drive in District 3, jointly developed by GuocoLand and Hong Leong Holdings on a site of approximately 102,497.1 sqft (9,522.3 sqm). The development will comprise 462 units, with completion expected in April 2031, forming part of the ongoing redevelopment of the Margaret Drive precinct.
With 462 units on a sizeable site, Penrith offers a substantial community scale, supporting a comprehensive range of shared facilities. The partnership between GuocoLand and Hong Leong Holdings brings together two established Singapore developers to this long-horizon project.
Margaret Drive sits within the Queenstown and Tiong Bahru precinct, one of Singapore’s oldest public housing estates, now undergoing significant rejuvenation with a mix of new residential developments alongside its established heritage character.
For buyers taking a longer-term view and seeking a home within the evolving Queenstown precinct, Penrith’s April 2031 completion timeline positions it within one of District 3’s most actively transforming neighbourhoods.
At a glance
Project details.
A concise view of the development fundamentals. Information may be updated as the project progresses.
Location & planning
Designed around everyday life.
Penrith is located at 70-72 Margaret Drive, within District 3’s Queenstown and Tiong Bahru precinct, one of Singapore’s oldest and most storied residential estates, now undergoing significant rejuvenation.
The development benefits from excellent MRT connectivity, with Queenstown Station (EW19), Redhill Station (EW18) and Commonwealth Station (EW20) all within reach on the East-West Line, giving residents multiple route options into the CBD.
Families will find a strong selection of nearby schools, including Queenstown Primary School, New Town Primary School, Gan Eng Seng Primary School and Alexandra Primary School, all located within the surrounding area.
Beyond schools and transport, the Queenstown and Tiong Bahru area is known for its heritage character, established food scene and ongoing urban renewal, blending old-school charm with new residential and lifestyle developments. This combination of heritage and transformation underpins Penrith’s appeal within one of Singapore’s most storied neighbourhoods.
Location & planning
Elevation Chart & Floor plan
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