| Appointed Marketing Agency

Marketed By: Rash |CEA Reg: R069037C

Register Interest: Penrith

Thoughtfully Designed Residences Featuring Versatile Layouts and Abundant Recreation for Every Household.

*The information is subject to change and photos/images used are for illustration purposes only.

Connected Living in Queenstown

Project / Location Name

PENRITH

Region

Rest of Central Region (RCR)

District

D03 - Alexandra / Commonwealth

Cluster

Central

Planning Area

Queenstown

Subzone

MARGARET DRIVE

Property Type

Condo

Site Area

102,497 Sqft

GFA

429,480 Sqft

Plot Ratio

4.5

Tenure

99 Years

Total Units

462

Type of Land Sales

GLS

Land Use

Residential

Land Bid Price

$497,000,000

Highest Bid (m)

$497,000,000

Highest Bid (psf)

$1,154

Number of Bids

2

Land Awarded Date

2024-08-01

Est. Breakeven PSF

$2,026

Developers

GuocoLand, Hong Leong Holdings Limited

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Penrith: a New Residential Offering in Queenstown

PENRITH is a new residential development situated along Margaret Drive in Singapore's Queenstown area. This development features 462 homes, including 2, 3, and 4-bedroom apartments, designed to suit various preferences.

The location provides excellent public transport connectivity, with Queenstown MRT station on the East-West Line just a short walk away. Major expressways such as the Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE) are also easily accessible, supporting smooth travel across the island.

A variety of retail and dining options are nearby, including Dawson Place, Anchorpoint Shopping Centre, Queensway Shopping Centre, and IKEA Alexandra. Daily necessities are met with a convenient supermarket and the Dawson Hawker Centre close by.

For outdoor recreation, residents can explore green spaces like the Alexandra Canal Linear Park and the Rail Corridor. The development also features its own comprehensive recreational facilities, including swimming pools.

Families benefit from proximity to several schools, such as Queenstown Primary School, New Town Primary School, Crescent Girls’ School, and Gan Eng Seng Primary School, alongside international institutions and a nearby childcare facility.

*The information is subject to change and photos/images used are for illustration purposes only.

Prime Location & Seamless Connectivity

Enjoy unparalleled access to Queenstown MRT (0.32km) & bus stop (0.12km). Walk to Queenstown Primary (0.10km), Dawson Place (0.42km), Sheng Siong Supermarket (0.13km), My First Skool (0.13km) & Rainbow Dental (0.13km). Rail Corridor (1.11km) is nearby.

Trains (MRT & LRT)

  • EW19 Queenstown

    MRT

    380 m

  • EW18 Redhill

    MRT

    1200 m

  • EW20 Commonwealth

    MRT

    1320 m
Bus Stops

  • Queenstown Pr Sch

    Margaret Dr

    80 m

  • Opp Queenstown Pr Sch

    Margaret Dr

    120 m

  • Queenstown Lib

    Margaret Dr

    330 m
Primary Schools

  • Queenstown Primary School

    310 Margaret Drive

    120 m

  • New Town Primary School

    300 Tanglin Halt Road

    1030 m

  • Gan Eng Seng Primary School

    100 Redhill Close

    1430 m
Secondary Schools

  • Queenstown Secondary School

    1 Strathmore Road

    620 m

  • Queensway Secondary School

    2a Margaret Drive

    810 m

  • Crescent Girls' School

    357 Tanglin Road

    1060 m
International Schools

  • Invictus International School (dempsey)

    73 Loewen Road #01-21 Singapore 248843

    650 m

  • Melbourne Specialist International School

    75c Loewen Road Singapore 248853

    680 m

  • Razum International School

    1 Kay Siang Road #05-01/02 Singapore 248922

    740 m
Supermarkets

  • Dawson Place

    Central

    520 m

  • Anchorpoint

    Central

    940 m

  • Alexandra Central

    Central

    1100 m
Healthcare

  • Rainbow Dental Clinic

    Margaret Drive

    80 m

  • St. Andrew's Nursing Home (queenstown)

    Jalan Penjara

    160 m

  • Dental Clinic

    Margaret Dr

    180 m

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Nearby Property Transactions (Past 1 Year)

The surrounding area shows robust activity. Transaction prices range from $780,000 to $12,300,000 (average $2,411,716). Price per square foot varies from $728 to $4299 (average $2535). Nearby QUEENS PEAK recorded 43 sales, COMMONWEALTH TOWERS 49, and STIRLING RESIDENCES 108, reflecting a dynamic residential landscape.

$780,000 $728 PSF $2,502,172 $2,567 PSF $16,300,000 $4,299 PSF
Lowest Sale Average Highest Sale
Distance Project Name Tenure Top Total Units Bedroom Size Range Sales Range Sales Volume
305m QUEENS PEAK 99 Years 2020 736 1, 2, 3, 4, 5, Penthouse 431 - 2,002 sqft S$948,000 - S$4,100,000
S$2,019 - S$2,405 PSF 		37
314m COMMONWEALTH TOWERS 99 Years 2017 845 1, 2, 3, 4 441 - 1,076 sqft S$900,000 - S$2,730,000
S$1,911 - S$2,624 PSF 		45
537m QUEENS 99 Years 2002 722 2, 3, 4, Penthouse 915 - 1,410 sqft S$1,580,000 - S$2,738,800
S$1,706 - S$2,010 PSF 		13
628m ALEXIS Freehold 2014 293 1, 2, Penthouse 366 - 883 sqft S$780,000 - S$1,395,000
S$1,571 - S$2,131 PSF 		12
630m STIRLING RESIDENCES 99 Years 2022 1259 1, 2, 3, 4 441 - 1,281 sqft S$1,000,000 - S$2,868,000
S$1,971 - S$2,719 PSF 		105

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Nearby Rental Market Insights

The surrounding area demonstrates strong rental activity, with monthly rates spanning from $2,430 to $35,000. Nearby developments like Queens Peak and Commonwealth Towers show high rental transaction volumes, reflecting consistent demand.

Distance Project Name Tenure Top Total Units Bedroom Size Range Rental Range Rental Yield Rental Volume
305m QUEENS PEAK 99 Years 2020 736 1, 2, 3, 4, 5, Penthouse 431 - 2,002 sqft S$3,100 - S$10,500
S$5 - S$10 PSF 		2.55% - 5.70%
Avg Yield: 4.13% 		219
314m COMMONWEALTH TOWERS 99 Years 2017 845 1, 2, 3, 4 441 - 1,076 sqft S$3,150 - S$7,800
S$6 - S$9 PSF 		2.37% - 5.60%
Avg Yield: 3.99% 		279
537m QUEENS 99 Years 2002 722 2, 3, 4, Penthouse 915 - 1,410 sqft S$4,300 - S$8,800
S$3 - S$6 PSF 		2.47% - 4.25%
Avg Yield: 3.36% 		101
628m ALEXIS Freehold 2014 293 1, 2, Penthouse 366 - 883 sqft S$2,500 - S$5,200
S$4 - S$9 PSF 		2.75% - 6.46%
Avg Yield: 4.61% 		137
630m STIRLING RESIDENCES 99 Years 2022 1259 1, 2, 3, 4 441 - 1,281 sqft S$3,100 - S$10,350
S$6 - S$9 PSF 		2.22% - 5.40%
Avg Yield: 3.81% 		265

Source: URA

*The information is subject to change and photos/images used are for illustration purposes only.

Penrith Information & Faqs

The district is D03 - Alexandra / Commonwealth for Penrith

This property type is a Apartment for Penrith

The plot ratio for Penrith is 4.53

The gross floor area for Penrith is 429,480 sqm

The land size for Penrith is 102,497 sqft

The subtown for Penrith is MARGARET DRIVE

The tenure of Penrith is 99 Years

The region of Penrith is RCR

There are 2 blocks in Penrith development.

The postal code for Penrith is 149926

The address of Penrith development is 70 MARGARET DRIVE

Invictus International School (Dempsey), Melbourne Specialist International School, Razum International School, The Guild International College, North London Collegiate School international schools are near to Penrith

Anglo-chinese Junior College, Anglo-chinese School (Independent), Hwa Chong Institution, National University Of Singapore, St. Joseph's Institution Tertiary & Universities are near to Penrith

Queenstown Secondary School, Queensway Secondary School, Crescent Girls' School, Bukit Merah Secondary School, Gan Eng Seng School secondary school(s) is/are near to Penrith

Queenstown Primary School, New Town Primary School, Gan Eng Seng Primary School, Alexandra Primary School, Blangah Rise Primary School primary school(s) is/are near to Penrith

Bus number(s) 32, 122, 51, 111, 145, 186, 195, 195A, 970 is/are near to Penrith

East West Line, Thomson East Coast Line MRTS are near to Penrith

Dawson Place, Anchorpoint, Alexandra Central, Queensway Shopping Centre, Hao Mart shopping center(s) is/are near to Penrith

Dawson Hawker Centre, Mei Chin Road Blk 159 (Mei Chin Road Market), Jalan Bukit Merah Blk 6 (Abc Brickworks Market/food Centre), Commonwealth Drive Blk 1a/2a/3a (Tanglin Halt Food Centre/commonwealth Drive Food Centre), Bukit Merah Lane 1 Blk 120 (Alexandra Village Food Centre) hawker center(s) is/are near to Penrith

The Children's Place Pte Ltd, Queenstown Good Shepherd Kindergarten, My First Skool, Pcf Sparkletots Preschool @ Queenstown Blk 78b (Cc), Children's Cove Preschool Pte.ltd. childcare is/are near to Penrith

Rainbow Dental Clinic, St. Andrew's Nursing Home (Queenstown), Dental Clinic, Dawson Medical Clinic, The Dental Gallery Dawson are near to Penrith

Queenstown Cc, Leng Kee Cc, Bukit Merah Cc, Henderson Cc, Buona Vista Cc community centers are near to Penrith

The unit mix for Penrith development is [2, 3, 4]

*The information is subject to change and photos/images used are for illustration purposes only.

Penrith

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