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Penrith
Margaret Drive, District 03 Singapore
Released as part of the 1st half of the 2024 Government Land Sales (GLS) program, the new condo project at Margaret Drive GLS is poised to become a highly coveted development in Queenstown, District 3. Boasting a plot ratio of 4.2, the 0.95-hectare site is anticipated to yield approximately 460 residential units, making it a substantial addition to the area. The tender for the Margaret Drive GLS is expected to close in May 2024, marking the first land sale in Queenstown since the record-setting Stirling Residences site in 2017, which attracted 13 bidders. This upcoming project reflects the ongoing demand for prime real estate in the district, promising modern living spaces in a central yet serene location.
Factsheet
| Name | Penrith |
| Type | Condominium |
| Developer | Hong Leong Holdings, Guocoland, and Intrepid Investments. |
| Architect | TBA |
| Address | Margaret Drive |
| District | District D3 – Commonwealth / Alexandra |
| Tenure | 99 years |
| Site Area | Approx. 102,497.1 sqft / 9,522.3 sqm |
| Total Storey | TBA |
| Total Units | 460 units |
| Car Park Capacity | TBA |
| Expected TOP Date | 2029 |
Unit Mix
| Unit Type | Size | No of Units |
| 1-bedroom | TBA | TBA |
| 2-bedroom | TBA | TBA |
| 3-bedroom | TBA | TBA |
| 4-bedroom | TBA | TBA |
| 5-bedroom | TBA | TBA |
| Penthouse | TBA | TBA |
Key Selling Points
Prime central location in Queenstown: Ideal homes for professionals who work in the city but prefer a more tranquil residence.
Excellent connectivity: Just 700m from Queenstown MRT Station (EWL) and close to Ayer Rajah Expressway (AYE) and Central Expressway (CTE).
Plenty of schools nearby: Situated right next to Queenstown Primary School, with several other schools of all levels within a 2km radius of the development.
