Introduction
Penrith by GuocoLand represents a significant addition to Singapore’s residential property market, offering a contemporary condominium development in the established Queenstown estate. Situated along Margaret Drive in District 3, this 99-year leasehold project is a joint venture between GuocoLand and Hong Leong Holdings, designed to provide modern living spaces with convenient access to urban amenities. With an anticipated VVIP preview commencing in October 2025, prospective buyers can expect a blend of luxury, functionality, and strategic location advantages.
Prime Location and Connectivity
The condominium’s location at Margaret Drive places it within a mature and well-connected neighborhood, enhancing its appeal for professionals and families alike. Residents will benefit from proximity to Queenstown MRT Station on the East-West Line, reachable within a 2 to 4 minutes walk, facilitating seamless commutes to the Central Business District and other key areas. Additionally, the development is just two MRT stops from Buona Vista Interchange, which connects to the Circle Line, and offers easy access to major expressways such as the Ayer Rajah Expressway and Central Expressway.
Surrounding amenities further elevate the site’s desirability. Educational institutions, including Queenstown Primary School (within 1 km), Gan Eng Seng Primary School, and Alexandra Primary School, are nearby, making it suitable for families with school-going children. Daily conveniences such as markets, food centers, supermarkets, and retail outlets are readily available in the Queenstown area, supporting a practical and vibrant lifestyle.
Project Highlights and Features
Penrith is projected to comprise approximately 462 residential units across two blocks, occupying a site area of about 102,497 square feet. While specific unit configurations and floor plans remain to be fully disclosed, the development is expected to offer a range of options tailored for comfort and modern functionality. Completion is slated for 2029, positioning it as a medium-sized project that balances exclusivity with community-oriented living.
Anticipated facilities may include comprehensive amenities such as smart home features, enhancing the overall resident experience. The project’s design emphasizes contemporary luxury, drawing on its city-fringe setting to provide a serene yet accessible residential environment.
Developer Profile
GuocoLand, a prominent real estate developer in Singapore, collaborates with Hong Leong Holdings on this venture, bringing extensive expertise in creating high-quality residential properties. Known for projects that integrate innovative design with prime locations, GuocoLand has a proven track record of delivering developments that meet evolving market demands. This partnership underscores a commitment to excellence, as evidenced by their joint efforts in previous successful launches.
Launch Details and Investment Considerations
The VVIP preview for Penrith is scheduled to begin from October 2025. Interested parties are encouraged to register early for access to showflat viewings and first-hand information on available units and discounts.
Factors contributing to its investment potential include the area’s ongoing urban rejuvenation, strong connectivity, and proximity to employment hubs, which are likely to drive demand and property value growth.
Conclusion
Penrith by GuocoLand at Margaret Drive stands as an exemplary upcoming condominium launch in Singapore, combining strategic location, modern amenities, and reputable development expertise. With the VVIP preview starting in October 2025, this project offers a compelling option for discerning homebuyers and investors. For the latest updates and detailed consultations, prospective buyers should engage with authorized agents to secure their interest in this promising development.
Sky Bloom IT