The Penrith site was sold on August 2024 with top bidder $497 million bid. This works out to be $1,154 psf per plot ratio (psf ppr) for the site. It is the first land sale in the Queenstown area since the Stirling Residences site in 2017.
The acquisition not only reflects the developers' confidence in Queenstown area. Also underscores the rarity of residential opportunities in this mature and highly sought after city-fringe location. A new home in a mature estate that blends rich heritage with modern urban conveniences.
This is not just another launch — this is QUEENSTOWN’s Next Big Thing! 🚀 No New Launch in Queenstown since 2018 → Huge pent-up demand waiting to be unlocked!
Penrith ticks ALL the boxes:
✅ Prime City-Fringe (5 mins to Orchard / CBD)
✅ 462 Exclusive Units – from practical 2BR to prestigious 4BR luxury
✅ Developed by Power Trio: Hong Leong Holdings × Guocoland × Intrepid Investments
✅ Unbeatable Lifestyle: Surrounded by top schools, parks & amenities
✅ Connectivity at its Best: MRT, expressways & endless convenience
👉 You don’t want to miss this — projects like Penrith don’t come often!
With such great views. Efficient layouts, top quality finishes, and excellent connectivity to MRT station and expressways, it offers convenience. Its proximity to top schools, malls, and green spaces makes it ideal for families and investors alike. Penrith Condo at Margaret Drive, Queenstown in Singapore,