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New launch

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, Nov 2026

459 of 462
Units sold
$2,797
Avg $psf so far
614–1,281
Sq ft, 8 layouts
560 m
Queenstown MRT
Penrith
Floor plans → Site plan → E-brochure (PDF) →

What brings you to Penrith?

Buying here? Get a second opinion. 2-bedders start from $1.788M. Our consultants can run the numbers against your budget: which stack, what to pay, what to avoid. Free for buyers of private property.

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Get a second opinion
02 — Prices

Penrith prices

Sales since launch, Oct 2025
459
Units sold
$2,797
Average $psf
$1.44M – $3.94M
Price range
Indicative prices by bedroom type
2-Bedroom From $1.79M $2,912 – $2,922 psf 3 of 154 available

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-Bedroom151 sales$2,759 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.

By unit size
Sales since launch
SizeSalesAvg $psfAvg pricePrice range
500–699 sq ft151 sales$2,759 psfAvg $1.78M$1.44M – $2.06M
700–899 sq ft117 sales$2,773 psfAvg $2.24M$1.98M – $2.51M
900–1,099 sq ft77 sales$2,815 psfAvg $2.82M$2.44M – $3.22M
1,100–1,299 sq ft114 sales$2,858 psfAvg $3.46M$3.08M – $3.94M
Average $psf by year
In 2025, sales here averaged $2,794 psf, in line with the D03 average of $2,713 psf for private homes (condos, apartments and ECs).
This condoD03 average
Show as a table
YearThis condoD03 average
2026$2,890$2,389
2025$2,794$2,713
Sales by year
459 sales since 2025; the busiest year was 2025 with 448. The 2026 bar covers Jan–Nov.
Show as a table
YearNew saleTotal
20261111
2025448448
Sales in the last two years
459 sales, newest first. Units show the floor only.
DateUnitSizePrice$psfType
12 Oct 2026#37-XX614 sq ft · 2-Bedroom$1.8M$2,927 psfNew sale
2 Oct 2026#39-XX614 sq ft · 2-Bedroom$1.8M$2,934 psfNew sale
23 Sep 2026#38-XX614 sq ft · 2-Bedroom$1.8M$2,930 psfNew sale
11 Sep 2026#34-XX614 sq ft · 2-Bedroom$1.79M$2,917 psfNew sale
4 Aug 2026#33-XX614 sq ft · 2-Bedroom$1.8M$2,930 psfNew sale
30 Jul 2026#39-XX614 sq ft · 2-Bedroom$1.6M$2,608 psfNew sale
30 Jul 2026#38-XX614 sq ft · 2-Bedroom$1.6M$2,608 psfNew sale
22 May 2026#31-XX614 sq ft · 2-Bedroom$1.79M$2,922 psfNew sale
1 May 2026#30-XX614 sq ft · 2-Bedroom$1.79M$2,914 psfNew sale
25 Mar 2026#39-XX1,281 sq ft · 4-Bedroom$3.94M$3,072 psfNew sale
Show all 459 sales
Compared with nearby condos

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

Source: URA caveats, Nov 2026; developer price list. The 2026 averages cover Jan–Nov.

03 — Rent

Penrith rent and yield estimate

No leases yet · estimated from 5 nearby condos, leases starting Sep 2025–Aug 2026
$4,000
Nearby median rent a month
$2.29M
Avg price, 12 months
2.1%
Implied gross yield
An estimate, not a forecast. Penrith has no rental record yet. The implied yield sets what the nearby condos below let for against Penrith's average sale price over the last 12 months. It is an estimate, not a forecast: new units often let for more than older ones nearby, and actual rents will depend on the unit, the market when it completes, and costs such as fees, tax and vacancy. Speak with us before relying on it.
By bedroom type
TypeNearby median rentFromAvg price, 12 monthsImplied yield
1-Bedroom$3,500 nearby median5 condos– avg price– implied
2-Bedroom$4,600 nearby median5 condos$1.75M avg price3.2% implied
3-Bedroom$5,800 nearby median5 condos– avg price– implied
4-Bedroom$8,500 nearby median5 condos$3.91M avg price2.6% implied
5-Bedroom$14,150 nearby median3 condos– avg price– implied
Rent and yield compared with nearby condos

Implied gross yield: a year of the nearby median rent (leases starting Sep 2025–Aug 2026) over the average price of its sales in the last 12 months, before costs. Rents and sale prices both cover roughly the last 12 months, so read the yield as a guide to that year rather than an exact figure. A higher yield often reflects a lower price, such as an older lease, rather than a better buy.

Source: URA rental contracts, Aug 2026

04 — 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.

Bedroom typeLayoutsSize rangeUnits
2-Bedroom 2 614 – 678 sq ft 154 2 layouts · 614 – 678 sq ft · 154 units
2(a)614 sq ft · 76 units · from $1.79M 2(b)678 sq ft · 78 units
3-Bedroom 4 786 – 1,066 sq ft 194 4 layouts · 786 – 1,066 sq ft · 194 units
3(a)786 sq ft · 78 units 3(b)850 sq ft · 39 units 3(c)936 sq ft · 39 units 3(d)1,066 sq ft · 38 units
4-Bedroom 2 1,173 – 1,281 sq ft 114 2 layouts · 1,173 – 1,281 sq ft · 114 units
4(a)1,173 sq ft · 76 units 4(b)1,281 sq ft · 38 units
Typical $psf2-Bedroom $2,912 – $2,922 psf (developer price list)

Source: Developer brochure

05 — Launch progress
99%
Sold
459
Units sold
3
Unsold
Developer sales by month
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 20262 sold457 of 462 total$2,924 psf avg
Oct 20262 sold459 of 462 total$2,930 psf avg
Nov 2026No sales459 of 462 total

Source: URA caveats, Nov 2026

06 — 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 459 sales with a recorded unit number. A sale only appears once a caveat is lodged with URA, and not every buyer lodges one, so a unit with no sale shown is not necessarily available.

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

07 — Location

Near Penrith

MRT stations
EW Queenstown 560 m · 7 min walk
EW Redhill 1.4 km · 17 min walk
EW Commonwealth 1.6 km · 19 min walk
TE Napier 2.5 km · 30 min walk

Walking times and distances are estimates from OneMap walking routes; a station without a walking time shows the straight-line distance. Check OneMap for your exact route.

Primary schools
Within 1 km
Queenstown Primary School 120 m · 5 min walk
Within 2 km
New Town Primary School 1.1 km · 16 min walk
Gan Eng Seng Primary School 1.4 km · 26 min walk
Alexandra Primary School 1.8 km · 28 min walk

Distances are straight-line, which is what the 1 km and 2 km bands refer to; walking times are estimates from OneMap walking routes. 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, Nov 2026

08 — 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, Nov 2026

09 — From Stacked

Read more about Penrith

Review Penrith Pricing Review: How It Compares To Nearby Resale And New Launches Review Penrith Condo Review: Full-Facility Condo For Just 462 Units Near The MRT Sep 2025 Queenstown’s First New Launch In 7 Years Comes With Full Facilities — Even With Just 462 Units Oct 2025 Zyon Grand Pricing Review: How It Compares To Nearby Resale And New Launches In River Valley May 2026 Berlayar Drive And New Upper Changi Road GLS Sites: What Homebuyers Should Know About These 2 New Launch Plots Dec 2025 Why New Condo Sales Fell 87% In November (And Why It’s Not a Red Flag)

1 more article mentions Penrith.

Source: Stacked Homes editorial

10 — 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 $1.79M 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?

459 of 462 as of Nov 2026, at an average of $2,797 psf, from $1.44M to $3.94M.

What did the latest sale go for?

A 614 sq ft unit sold for $1.8M ($2,927 psf) on 12 Oct 2026.

What is the nearest MRT station?

Queenstown (EW), a 7-minute walk (560 m). Redhill (EW) is 1.4 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, Nov 2026