Penrith Condo Set to Launch in Queenstown - New 99-Year Leasehold by GuocoLand and Hong Leong

SINGAPORE, 21st May 2025 - In the heart of Queenstown, along Margaret Drive, a bold new residential project is about to make waves. Named Penrith, this upcoming development by trusted real estate giants GuocoLand and Hong Leong Holdings promises to bring high-quality urban living to Singapore's District 3. The project, which is situated on a site of approximately 9,526 square meters, will feature 460 well-designed residential units, catering to a wide spectrum of buyers - from families and professionals to seasoned property investors. Penrith is a 99-year leasehold development that aims to blend the historical charm of Queenstown with modern architecture, excellent connectivity, and top-notch lifestyle amenities.

Located in one of Singapore's oldest and most beloved neighborhoods, Penrith benefits from Queenstown's established infrastructure and vibrant community. This mature estate is known for its balance of heritage and progress, offering a rare combination of peace, accessibility, and culture. Residents of Penrith will enjoy the convenience of being just minutes from Queenstown MRT Station, as well as proximity to renowned institutions, such as Queenstown Primary School, National University Hospital, and a host of lifestyle amenities like Anchorpoint Shopping Centre, IKEA Alexandra, and Queensway Shopping Centre. The site is also well-connected to major expressways like the Ayer Rajah Expressway (AYE) and the Pan Island Expressway (PIE), ensuring seamless travel across the island.

The Penrith condo development is backed by the combined expertise of GuocoLand, a leading developer known for projects like Midtown Modern and Wallich Residence, and Hong Leong Holdings, a long-standing name in Singapore's real estate landscape. While the final architectural design and expected Temporary Occupation Permit (TOP) date are yet to be announced, early insights suggest that Penrith will offer residents a comprehensive suite of facilities. These may include a swimming pool, fitness center, clubhouse, landscaped gardens, children's play zones, and multi-purpose rooms - designed to create a vibrant and connected residential community.

From an investment perspective, Penrith represents a compelling opportunity. District 3 has long been recognized for its strong rental demand, city-fringe accessibility, and proximity to key employment nodes like the One-North tech hub and the Central Business District. With a limited supply of new launches in Queenstown, Penrith is expected to attract significant attention during its preview. The blend of brand-name developers, central location, and community appeal positions this project for long-term capital appreciation and rental yield.

As anticipation builds, buyers are encouraged to register early for VVIP previews and priority access to showflat appointments. Details regarding unit sizes, price ranges, and floor plans will be released soon. Interested parties can find more information and register interest at the official Penrith website.

Contact:
Penrith Sales Team
Email: sales@penriths.com.sg
Phone: +65 6100-6688
Website: https://www.penriths.com.sg

Keywords:
Penrith Condo, Margaret Drive, New Condo Singapore, Queenstown Property Launch, GuocoLand New Project, Hong Leong Condo, District 3 Singapore, City Fringe Property, Penrith Launch Date

Penrith
Margaret Drive, Singapore
10:00 AM - 7:00 PM
6100-6688
sales@penriths.com.sg

GuocoLand Limited (GLL) is a major real estate group listed on the Singapore Exchange. It's a subsidiary of Guoco Group Limited and is headquartered in Singapore. GuocoLand focuses on property development, investment, and management, with a portfolio of commercial, mixed-use, and residential assets.

This release was published on openPR.