Penrith is a 99-year leasehold condominium by GuocoLand / Hong Leong Holdings / Hong Realty at 72 Margaret Drive, in District 3 (Queenstown, Tiong Bahru), with 462 units, expected to complete in Q1 2031. It launched on 18 Oct 2025. URA records show 458 units sold by the developer up to Oct 2026.
Now selling| Developer | GuocoLand / Hong Leong Holdings / Hong Realty |
|---|---|
| Type | Condominium |
| Location | 72 Margaret Drive, District 3 (Queenstown, Tiong Bahru) |
| Market segment | Rest of Central Region (RCR) |
| Tenure | 99-year leasehold |
| Expected completion (TOP) | Q1 2031 |
| Total units | 462 |
| Units still available (ERA listing) | 3 of 462 |
| Unit mix | 2–4 bedroom |
| Unit sizes | 614–1,281 sqft |
| Launched | 18 Oct 2025 |
From ERA Realty's new launch listings, retrieved 21 Oct 2026. Details can change; please refer to the developer's official materials.
Straight-line distance from OneMap locations.
The nearest HDB estate is Queenstown, about 60 m away. Queenstown 4-room flats resold for an average of $1,025,000 and 5-room flats $1,222,000 in 2026 Q3.
Upgrading from an HDB flat nearby? Check your upgrade readiness or work out your budget.
From caveats lodged with URA, which lag the actual sale by a few weeks and may not cover every unit. Prices change; ask Serene for the current price list.
| Project | Distance | Median $psf | Resales | Latest |
|---|---|---|---|---|
| Queens Peak Condo · 99-yr from 2015 | 240 m | $2,230 psf | 37 | Sep 2026 |
| Commonwealth Towers Condo · 99-yr from 2013 | 300 m | $2,296 psf | 43 | Sep 2026 |
| Queens Condo · 99-yr from 1998 | 450 m | $1,850 psf | 7 | Oct 2026 |
| Alexis Condo · Freehold | 510 m | $1,819 psf | 18 | Sep 2026 |
| Stirling Residences Condo · 99-yr from 2017 | 540 m | $2,393 psf | 105 | Oct 2026 |
| Margaret Ville Condo · 99-yr from 2017 | 780 m | $2,291 psf | 22 | Jul 2026 |
| The Anchorage Condo · Freehold | 890 m | $2,000 psf | 9 | Aug 2026 |
| Jervois Meadows Condo · Freehold | 890 m | $1,531 psf | 1 | Aug 2024 |
Resale $psf, single-unit deals in each project's latest 12 months on record (URA caveats). Useful for comparing a new launch with older homes nearby.
Penrith is at 72 Margaret Drive, in District 3 (Queenstown, Tiong Bahru), about 320 m from Queenstown MRT.
The expected TOP is Q1 2031, based on ERA's new launch listing.
462 units, with 2–4 bedroom layouts.
99-year leasehold.
Serene Lee, ERA Realty Network (CEA R027578Z). Information is for general reference only and is not an offer or a valuation. See all new launches.