Penrith
New Condo at Margaret Drive
Curated by GuocoLand & Hong Leong Holdings
Open for Interest Registration
Showflat Hotline +65 61008160
Penrith is a 99 leasehold new condo at Margaret Drive. The developer plans to develop approximately 460 units. Penrith is located near Queenstown MRT station and offers convenient access to the city center.
This Margaret Drive new condo is anticipated to be a sought after residential project due to its location and the developers involved. The area is known for its connectivity and access to lifestyle amenities.
GuocoLand and Hong Leong won the Margaret Drive land bid with a top bid of $497 million or $1,154 psf ppr for a government land sale on 1at August 2024. The 102,498 sq ft, 99 year leasehold site could potentially build 460 residential homes.
This new condo at Margaret Drive site is also adjacent to SkyOasis @ Dawson, where a premium 5 room flat of 1,195 sq ft was sold at a breaking record price of $1,73 million ($1,444 psf)
The last time a government land sale that launched along Margaret Drive was eight years ago. MCL land launch the Margaret Ville which was sold at an average price of $1,880 psf in June 2018 and an average of $2,139 psf in 1st August 2024.
Penrith at Margaret Drive may benefit from the new amenities at future Tanglin Halt HDB estate when it is redeveloped. It is expected to have a new hawker centre, market and polyclinic under one roof, on top of 5,000 new homes.
Penrith at Margaret Drive is expected to appeal to both professionals working in the city and those seeking a balance lifestyle.

The Pocket Park faces the existing Holland Village and provides green relaxation spaces for residents and visitors
Penrith At Margaret Drive Location Map
Penrith is prominently located along Margaret Drive, a leasehold condo near Queenstown MRT.
There will be more retails and dining restaurants, life band entertainment in pubs and lush landscaping into the public space to enhance the overall street experience in the heart of Holland Village. A popular hotspots for the expatriates and younger locals alike.
Penrith is exclusively located in the private enclave near mature Queenstown estate and short drive to dempsey, Tanglin Mall and Orchard Shopping belt. An inclusive lifestyle enclave catering to all walks of life and should add to the diversity of offerings.
Queenstown has an exceptional connectivity and accessibility. It is well served by several MRT stations such as Queenstown, Commonwealth, Buona Vista and Dover, One North.
It is full of rich amenties and lifestyle options:
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Shopping: The area boasts a mix of modern and nostalgic shopping, including Queensway Shopping Centre (renowned for sporting goods), Anchorpoint, IKEA Alexandra, and Alexandra Central
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Food & Dining: From hawker favorites at Tanglin Halt and Commonwealth Crescent to artisanal cafés like Tiong Hoe Specialty Coffee, and stylish dining destinations such as The Dempsey Cookhouse & Bar—there’s something for every palate.
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Education & Community: Queenstown offers reputable schools—from primary (Queenstown Primary, Fairfield Methodist, New Town Primary) to secondary—plus access to tertiary institutes and even NUS. The Queenstown Public Library, the oldest active branch in Singapore, provides cultural and community activities in a heritage-listed building
This new condo at Holland Drive is close by to reputable educational institutions —from primary (Queenstown Primary, Fairfield Methodist, New Town Primary) to secondary—plus access to tertiary institutes and even National University Singapore.
Just a short ride or walk away, Dempsey Hill offers a unique combination of colonial architecture, lush landscapes, fine dining, boutique retail, and creative studios—all set in a serene environment.
A Perfect for Leisure: Whether it’s weekend brunch, high tea, or just some peaceful wandering, Dempsey Hill’s ambience provides the ideal contrast to Queenstown’s vibrancy.
For more information and showflat appointment, call direct developer sales hotline +65 61008160.
Penrith Project Information
| Project Name: | Penrith |
| Developer: | GuocoLand & Hong Leong Pte Ltd |
| Tenure: | 99 Leasehold |
| Address: | Margaret Drive |
| District | 03 |
| Units Mix: | 1 Bedroom
2 Bedroom 3 Bedroom 4 Bedroom 5 Bedroom |
| Total Units: | 460 |
| No. of Blocks/Levels: | TBC |
| Car Park Lots: |
TBA |
| Expected TOP Date: | Q2 2030 |
| Site Area: | |
| Architect: |
Why Buy Penrith?
- Strategic Location
- In mature estate of Queentown
- The one address that exemplifies the ultimate standard of cosmopolitan living and instantly recognisable location that precise the city’s elite.
- Convenience amenities within your foot step
- Walking distance to Queenstown MRT
- Convenient located in Core Central Region of Singapore and short travelling time to various major attractions and business financial centre.
- Closeby to abundance of shopping and dining options
- One train stop to Buona Vista train interchange One-north where R&D and high technology cluster, comprising biomedical sciences, infocomm technology (ICT) and media industries
- Two train stop to Kent Ridge and Dover station – The tertiary educational institutions at Singapore Polytechnic and the National University of Singapore.
- Conveniently located near major expressway, KPE, TPE which allows residents to different parts of the Singapore
Amenities near Penrith at Margaret Drive
MRT
- Queenstown MRT
- Buona Vista (CC22 EW21)
- Commonwealth (EW20)
- One North MRT (CC23)
- Dover (EW22)
Educational Institutions (Schools near Skye At Holland)
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Anglo-Chinese School (International)
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Henry Park Primary School
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Fairfield Methodist School (secondary)
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Fairfield Methodist School (primary)
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New Town Primary School
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Tanglin Trust School
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Queensway Secondary School
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Anglo-chinese School (independent)
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Anglo-chinese School (independent)
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Dover Court Preparatory School
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United World College of South East Asia (Dover Campus)
Shopping & Groceries
- NTUC FAIRPRICE (BUONA VISTA CC)
- Cold Storage Holland Village
- Giant (Ghim Moh Road)
- Cold Storage The Star Vista
- Sheng Siong Hypermarket (Tanglin Halt)
- COLD STORAGE JELITA SHOPPING CENTRE
- Cold Storage Jelita
- Market Place @ One-north
- NTUC FAIRPRICE (DOVER)
Recreational
- Queenstown Stadium
- Temasek Club
Download Penrith
Should you be interested to know about One Holland Village, please feel free to contact us at +65 6100 8160 or send us a request for Hyll On Holland Village brochure.
Penrith Floor Plans
Click here for Hyll On Holland Site map and Hyll On Holland Floor Plans
Penrith at Margaret drive Showflat location and Photos
Kindly ring me for a non obligation presentation today. Contact us at +65 6100 8160 to know more or drop us an interest below.
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