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Singapore Property News, Insights and Analysis

New launch · Launched Oct 2025

Penrith

D03 · Alexandra / Commonwealth · Margaret Drive

A 462-unit condo on Margaret Drive, 40 storeys, expected to complete in 2029. Developed by Guocoland & Hong Leong Holdings.

Source: Developer brochure; URA caveats, Sep 2026

456 of 462
Units sold
$2,796
Avg $psf so far
614–1,281
Sq ft, 8 layouts
560 m
Queenstown MRT
Penrith
02 — Prices

Penrith prices

Sales since launch, Oct 2025
456
Units sold
$2,796
Average $psf
$1.44M – $3.94M
Price range
Indicative prices by bedroom type

Indicative prices from the developer's price list, to the best of our knowledge. Prices and availability change often. Speak with us for the latest pricing.

By bedroom type
Sales since launch
TypeSalesAvg $psfPrice rangeSize
2-Bedroom148 sales$2,756 psf$1.44M – $2.06M614–678 sq ft
3-Bedroom194 sales$2,790 psf$1.98M – $3.22M786–1,066 sq ft
4-Bedroom114 sales$2,858 psf$3.08M – $3.94M1,173–1,281 sq ft

Prices by bedroom type are based on matching sales to unit sizes.

Average $psf by year
2025
$2,794
2026
$2,875
Latest five sales
DateSizePrice$psf
11 Sep 2026614 sq ft · 2-Bedroom$1.79M$2,917 psf
4 Aug 2026614 sq ft · 2-Bedroom$1.8M$2,930 psf
30 Jul 2026614 sq ft · 2-Bedroom$1.6M$2,608 psf
30 Jul 2026614 sq ft · 2-Bedroom$1.6M$2,608 psf
22 May 2026614 sq ft · 2-Bedroom$1.79M$2,922 psf
Compared with nearby condos

Prices by bedroom type are based on matching sales to unit sizes.

Source: URA caveats, Sep 2026; developer price list. The 2026 average covers Jan–Sep.

03 — Unit mix

Penrith floor plans by bedroom type

8 layouts across 462 units, from a 614 sq ft 2-bedroom to a 1,281 sq ft 4-bedroom. Pick a type to see its floor plans.

Typical $psf2-Bedroom $2,930 – $3,098 psf (developer price list)

Source: Developer brochure

04 — Launch progress
99%
Sold
456
Units sold
6
Unsold
Developer sales by month
Oct 2025439 sold439 of 462 total$2,793 psf avg
Nov 20258 sold447 of 462 total$2,813 psf avg
Dec 20251 sold448 of 462 total$3,062 psf avg
Jan 20261 sold449 of 462 total$3,028 psf avg
Feb 2026No sales449 of 462 total
Mar 20261 sold450 of 462 total$3,072 psf avg
Apr 2026No sales450 of 462 total
May 20262 sold452 of 462 total$2,918 psf avg
Jun 2026No sales452 of 462 total
Jul 20262 sold454 of 462 total$2,608 psf avg
Aug 20261 sold455 of 462 total$2,930 psf avg
Sep 20261 sold456 of 462 total$2,917 psf avg

Source: URA caveats, Sep 2026

05 — Layout and stacks

Penrith stack plan

2-Bedroom 3-Bedroom 4-Bedroom Sold

Tap a unit for its size, price and floor plan.

Block 706 units per floor · levels 2–40
#01#02#03#04#05#06 L40L39L38L37L36L35L34L33L32L31L30L29L28L27L26L25L24L23L22L21L20L19L18L17L16L15L14L13L12L11L10L9L8L7L6L5L4L3L2

Based on 456 sales with a recorded unit number.

Source: Developer brochure; URA caveats, Sep 2026; developer price list

06 — Location

Near Penrith

MRT stations
EW Queenstown 560 m · 7 min walk
EW Redhill 1.1 km
EW Commonwealth 1.4 km
TE Napier 1.6 km

Walking times are estimates based on OneMap walking routes; stations without one are straight-line distances. Check OneMap for your exact route.

Primary schools
Within 1 km
Queenstown Primary School 120 m
Within 2 km
New Town Primary School 1.1 km
Gan Eng Seng Primary School 1.4 km
Alexandra Primary School 1.8 km

Based on straight-line distance only. Check the MOE website for confirmation.

Everyday amenities
Park Camp Road Interim Park 1.8 km · 21 min
Clinic Dawson Medical Clinic 140 m · 2 min
Supermarket Sheng Siong 140 m · 2 min
Hawker centre Margaret Drive Hawker Centre 770 m · 9 min
Map of the area around Penrith, with nearby MRT stations and primary schools
Map data © OpenStreetMap contributors

Source: OneMap walking routes, Sep 2026

07 — Nearby

Condos and supply around Penrith

Upcoming supply
Margaret Drive90 m · about 444 units · 0.95 ha Awarded · $12,427 psm GFA · Aug 2024
Media Circle (Parcel A)1.6 km · about 314 units · 0.76 ha Awarded · $11,158 psm GFA · Mar 2025
Media Circle1.6 km · about 343 units · 1.06 ha Awarded · $12,820 psm GFA · Feb 2024
Media Circle1.6 km · about 266 units · 0.57 ha Available for application

Source: URA transactions; URA land sales; OneMap distances, Sep 2026

08 — From Stacked

Stacked articles mentioning Penrith

1 more article mentions Penrith.

Source: Stacked Homes editorial

09 — FAQ

Questions about Penrith

What is the tenure of Penrith?

99-year lease.

When will Penrith be completed?

The expected TOP is 2029.

How many units does Penrith have?

462 units in two blocks, Block 70 and Block 72, up to 40 storeys.

What sizes are the 3-bedroom units?

786 to 1,066 sq ft across four layouts.

How much are the units at Penrith?

From $1.8M for a 2-bedroom, going by the developer price list. Prices change often: speak with us for the latest pricing.

How many units have been sold?

456 of 462 as of Sep 2026, at an average of $2,796 psf, from $1.44M to $3.94M.

What did the latest sale go for?

A 614 sq ft unit sold for $1.79M ($2,917 psf) on 11 Sep 2026.

What is the nearest MRT station?

Queenstown (EW), a 7-minute walk (560 m). Redhill (EW) is 1.1 km away.

Which primary schools are within 1 km?

Queenstown Primary School, 120 m away.

Who is the developer?

Guocoland & Hong Leong Holdings. The architect is ADDP Architects.

Answers generated from the data on this page, Sep 2026