Penrith

Penrith @ Margaret Drive: Premier Residential Opportunity in Queenstown

Penrith rises along Margaret Drive as a new icon in Queenstown, blending prestige, heritage, and modern living. Inspired by the historic market town of Penrith in England, the development brings together heritage charm and natural serenity in the heart of Singapore’s first satellite town. With two soaring 40-storey towers housing 462 exclusive residences, Penrith offers a lifestyle that marries timeless elegance with contemporary convenience.

Penrith at Margaret Drive boasts a central location just a stone’s throw from the city centre, providing the perfect balance between urban convenience and suburban tranquillity. This makes it an ideal location for professionals who work in the city but prefer a quieter residence.

As part of the highly sought-after District 3, future residents of Penrith will enjoy seamless connectivity to the Central Business District (CBD), Marina Bay Financial Centre, and other prominent areas in Singapore. With its proximity to Queenstown MRT station (700m) and excellent access to various amenities, Penrith at Margaret Drive is poised to become an exceptional opportunity for homebuyers and investors alike.

Penrith - Project Details

Penrith sits at a distinguished address in Queenstown, a neighbourhood with deep cultural roots and forward-looking urban transformation. Residents will be part of a vibrant estate that pioneered Singapore’s modern living in the 1950s and today thrives as a showcase of urban planning, with homes, schools, parks, and amenities woven seamlessly together.

Developed by Margaret Rise Development Pte. Ltd., the project features grand architecture and refined interiors with modern smart home provisions. A full suite of facilities spans landscaped gardens, fitness zones, children’s play areas, pools, pavilions, and elevated sky terraces, creating spaces for leisure, wellness, and community bonding.

Project Information

• Developer: Margaret Rise Development Pte. Ltd.
• Tenure: 99 years (from 4 November 2024)
• Site: 70 & 72 Margaret Drive, Singapore 149926 / 149927
• Expected Vacant Possession: By 1 April 2031
• Total Units: 462

Facilities at Penrith

• A grand clubhouse with function rooms, gym, games room, library, and lounges
• Expansive swimming pools, aqua decks, spa alcoves, and children’s splash pools
• Landscaped gardens, rose sanctuary, tea pavilions, and wellness lawns
• Tennis court, fitness zones, and play areas
• Sky sanctuaries at the 40th storey with yoga lawns, stargazing decks, and sky dining terraces
• etc.

Penrith - Unit Mix

2-Bedroom

• Type (2)a: 57 sqm / 614 sqft
• Type (2)b: 63 sqm / 678 sqft (Premium)

3-Bedroom

• Type (3)a: 73 sqm / 786 sqft
• Type (3)b: 79 sqm / 850 sqft
• Type (3)c: 87 sqm / 936 sqft (Premium)
• Type (3)d: 99 sqm / 1,066 sqft (Premium)

4-Bedroom

• Type (4)a: 109 sqm / 1,173 sqft
• Type (4)b: 119 sqm / 1,281 sqft (Premium)

First New Launch in Queenstown since 2017

Released as part of the 1st half of the 2024 Government Land Sales (GLS) program, the land parcel where Penrith sits has a plot ratio of 4.2. It was sold in August 2024 with a top bidder of S$497 million from a consortium of Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited, and GuocoLand (Singapore) Pte. Ltd. This works out to be S$1,154 psf per plot ratio (psf ppr) for the site. Penrith at Margaret Drive is the first new launch in the Queenstown area since Stirling Residences in 2017.

Public Transport and Connectivity

Penrith at Margaret Drive boasts excellent connectivity, ensuring residents can travel with ease. The development is conveniently located near Queenstown MRT Station (EW19) on the East-West Line, providing direct access to the Central Business District (CBD), Orchard Road, and other key areas of Singapore. Several bus routes serve the area, offering convenient links to various parts of the city. The nearby Havelock MRT Station on the Thomson-East Coast Line will further enhance connectivity. For those who drive, major expressways such as the Ayer Rajah Expressway (AYE) and Central Expressway (CTE) are easily accessible, making commuting by car a breeze.

Lifestyle Amenities around Penrith at Margaret Drive

Living in Penrith means having a wealth of lifestyle amenities at your doorstep. For shopping enthusiasts, the nearby Queensway Shopping Centre, IKEA Alexandra, and Anchorpoint Shopping Centre offer a variety of retail options, from fashion boutiques to furniture stores. Queensway Shopping Centre is known for its sportswear and equipment shops, while IKEA Alexandra provides everything you need for home furnishings. Anchorpoint Shopping Centre features anchor tenants like Cold Storage and Harvey Norman, ensuring all your shopping needs are met. The area also boasts a variety of fitness centres, including Anytime Fitness and Fitness First, catering to those who prioritise an active lifestyle.

Dine and Drink near Penrith at Margaret Drive

The neighbourhood around Penrith @ Margaret Drive is a food lover's paradise, offering diverse dining options. Indulge in local delights at the nearby Mei Ling Market & Food Centre, known for its delicious hawker fare, including chicken rice, satay, and laksa. For more upscale dining, head to the Alexandra and Dempsey Hill areas, which offer many international cuisine options. Popular restaurants such as The Naked Finn, PS.Cafe, and The White Rabbit are just a short drive away. After meals, unwind at one of the many trendy bars and cafes in the vicinity, such as Tiong Bahru Bakery or Creamier Handcrafted Ice Cream and Coffee.

Reputable Schools near Penrith at Margaret Drive

Penrith @ Margaret Drive has numerous educational facilities of all levels surrounding it. The site itself is located right beside Queenstown Primary School. Families with young children will find the Margaret Drive new condo an interesting housing option as the Primary 1 balloting exercise has particular requirements regarding the home-school distance.

Primary Schools within 1km:

• Queenstown Primary School

Primary Schools within 1-2km:

• New Town Primary School
• Gan Eng Seng Primary School
• Alexandra Primary School

Secondary Schools and Tertiary Institutions nearby:

• Queensway Secondary School
• Crescent Girls' School
• Bukit Merah Secondary School
• Anglo-Chinese Junior College (ACJC)
• Singapore Polytechnic

Nature Spots near Penrith at Margaret Drive

Nature enthusiasts will love the proximity to various green spaces and recreational areas. The nearby Alexandra Canal Linear Park offers a scenic route for jogging, cycling, or strolls. The park is connected to the Singapore River and provides a continuous green corridor for outdoor activities.

For a more immersive nature experience, head to the nearby HortPark, a one-stop gardening hub with themed gardens, recreational facilities, and educational exhibits. Additionally, the Southern Ridges, a 10-kilometre stretch of green open spaces, connects several parks and nature reserves, providing ample opportunities for hiking, bird-watching, and enjoying panoramic views of the city.

Nearby Job Opportunities

Penrith’s strategic location provides residents with access to numerous job opportunities. The nearby One-North business park is a major employment hub, housing multinational corporations, research institutes, and start-ups in industries such as technology, media, and biomedical sciences. The Central Business District (CBD) is easily accessible via public transport or a short drive, offering a wealth of opportunities in finance, law, and professional services. Additionally, the Alexandra and Buona Vista areas are home to various industries, including retail, hospitality, and education, providing diverse job prospects. The seamless connectivity and proximity to major business hubs make Penrith at Margaret Drive an excellent choice for professionals seeking a dynamic and convenient living environment.

URA Master Plan and Future Developments around Penrith @ Margaret Drive

The Queenstown precinct is being shaped as Singapore’s first Health District, encouraging wellness through healthcare, community, and lifestyle integration. At the same time, the rejuvenation of the nearby Dawson estate includes new residential developments, commercial spaces, and public amenities, creating a vibrant and self-sufficient community. 

The upcoming Greater Southern Waterfront development, a major urban transformation project, will extend the city towards the waterfront, creating new commercial, residential, and recreational spaces. This development will include new waterfront parks, public spaces, and a continuous waterfront promenade, enhancing the quality of life for residents. These future developments will not only improve the quality of life but also potentially increase the value of properties in the area, making Penrith at Margaret Drive an excellent investment.