D0399-year leaseholdEffectively sold out
Penrith
Margaret Drive, Queenstown · 4–5 minute sheltered walk to Queenstown MRT (East–West Line)
Project facts
- Developer
- Hong Leong Holdings, Hong Realty & GuocoLand
- District
- D03 — Margaret Drive, Queenstown
- Tenure
- 99-year leasehold
- Total units
- 462
- Expected TOP
- 2029
- Nearest MRT
- 4–5 minute sheltered walk to Queenstown MRT (East–West Line)
- Land rate
- $1,154 psf ppr
- Launch date
- 18 October 2025
- Take-up
- 97% sold on launch day — 447 of 462 units
- Indicative pricing
- Launch range $2,435 – $3,088 psf, averaging over $2,800 psf
- Price as at
- 18 October 2025
What actually matters here
- Twin 40-storey towers with no 1-bedroom units — a deliberately family-weighted mix that drew over 90% Singaporean buyers.
- Was 4.1 times subscribed before launch and sold 97% by 4pm on launch day.
- North-facing stacks look toward the Central Catchment Nature Reserve.
Sources
Everything above is traceable. Verified 1 August 2026.
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