{"id":90559,"date":"2025-10-03T11:00:01","date_gmt":"2025-10-03T03:00:01","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=90559"},"modified":"2025-10-31T14:43:41","modified_gmt":"2025-10-31T06:43:41","slug":"penrith-review","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/penrith-review\/","title":{"rendered":"First Queenstown condo in 7 years, Penrith starts from S$2,437 psf"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div>\r\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.99.co\/singapore\/sale\/condos-apartments\/queenstown\" target=\"_blank\" rel=\"noreferrer noopener\">Private condos in Queenstown<\/a> have been few and far between. In fact, the last condo projects in the area were <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/margaret-ville\" target=\"_blank\" rel=\"noreferrer noopener\">Margaret Ville<\/a> with 309 units and <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/stirling-residences\" target=\"_blank\" rel=\"noreferrer noopener\">Stirling Residences<\/a> with 1,259 units, both introduced back in 2018. By 2021 and 2022, those developments were completely sold out, leaving buyers waiting for the next opportunity to own a home in this mature and highly sought-after town.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">As the first major launch in Queenstown in seven years, <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/penrith\" target=\"_blank\" rel=\"noreferrer noopener\">Penrith<\/a> is attracting strong interest, not only for its city-fringe location but also for its thoughtful design, family-friendly unit mix, and extensive facilities.<\/span><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\">\r\n<h3>Table of contents<\/h3>\r\n<ul>\r\n<li><a href=\"#Project-overview\" data-level=\"2\">Project overview<\/a><\/li>\r\n<li><a href=\"#Unit-mix-and-pricing\" data-level=\"2\">Unit mix and pricing<\/a><\/li>\r\n<li><a href=\"#Location-highlights\" data-level=\"2\">Location highlights<\/a><\/li>\r\n<li><a href=\"#Facilities-and-features\" data-level=\"2\">Facilities and features<\/a><\/li>\r\n<li><a href=\"#Urban-renewal-and-future-growth-in-Queenstown\" data-level=\"2\">Urban renewal and future growth in Queenstown<\/a><\/li>\r\n<li><a href=\"#Market-considerations-and-nearby-condo-comparisons\" data-level=\"2\">Market considerations and nearby condo comparisons<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n\r\n<p><style>\r\n  .penrith-container {\r\n    background-color:#e6f0ff; \/* light blue background *\/\r\n    padding:20px;\r\n    border-radius:12px;\r\n    display:flex;\r\n    justify-content:space-between;\r\n    gap:20px;\r\n    font-family:Arial, sans-serif;\r\n    flex-wrap:wrap; \/* allows items to wrap on small screens *\/\r\n    color:#216bff; \/* blue text *\/\r\n  }\r\n  .penrith-section {\r\n    flex:1;\r\n    min-width:250px; \/* ensures each section stays readable on mobile *\/\r\n  }\r\n  .penrith-section h3 {\r\n    text-align:center;\r\n    color:#216bff; \/* headings in blue *\/\r\n  }\r\n  .penrith-section ul {\r\n    list-style:none;\r\n    padding:0;\r\n    line-height:1.6;\r\n  }\r\n  \/* Mobile adjustments *\/\r\n  @media (max-width:768px) {\r\n    .penrith-container {\r\n      flex-direction:column;\r\n      align-items:center;\r\n      text-align:center;\r\n    }\r\n  }\r\n<\/style><\/p>\r\n<div class=\"penrith-container\"><!-- Strengths -->\r\n<div class=\"penrith-section\">\r\n<h3>\ud83c\udf1f Strengths<\/h3>\r\n<ul>\r\n<li>\ud83c\udfe2 Rare new condo in Queenstown after 7 years<\/li>\r\n<li>\ud83d\udccd Prime city-fringe location near MRT, expressways, and lifestyle amenities<\/li>\r\n<li>\ud83d\udc68\u200d\ud83d\udc69\u200d\ud83d\udc67\u200d\ud83d\udc66 Family-oriented unit mix and facilities (appealing to HDB upgraders)<\/li>\r\n<li>\ud83d\udcc8 Strong fundamentals: established neighbourhood with ongoing urban renewal, steady housing demand, and premium transaction history<\/li>\r\n<\/ul>\r\n<\/div>\r\n<!-- Considerations -->\r\n<div class=\"penrith-section\">\r\n<h3>\u2696\ufe0f Considerations<\/h3>\r\n<ul>\r\n<li>\ud83c\udfda\ufe0f Queenstown is an older estate; some parts may feel dated and lack upgraded amenities<\/li>\r\n<li>\ud83d\udcb0 Buyers might weigh whether the estate\u2019s age affects long-term value<\/li>\r\n<li>\ud83d\udcca Ultimately, success depends on pricing \u2013 whether developers can strike the right balance between premium positioning and buyer expectations<\/li>\r\n<\/ul>\r\n<\/div>\r\n<\/div>\r\n<h2 id=\"Project-overview\" class=\"wp-block-heading\"><b>Project overview<\/b><\/h2>\r\n<p><!-- \/wp:post-content -->\r\n\r\n<!-- wp:table --><\/p>\r\n<figure class=\"wp-block-table\">\r\n<table class=\"has-fixed-layout\">\r\n<tbody>\r\n<tr>\r\n<td><b>Name<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">Penrith<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>Location<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">Margaret Drive (prime pocket of Queenstown, near Tanglin)<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>Developer<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">Hong Leong Holdings (well-known, with past projects like Penrose, Springleaf Residence, and Lentor Central Residences)<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>Tenure<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">99-year leasehold<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>Site area<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">102,498 sqft<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>Units<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">462 total, across two 40-storey towers<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>TOP (Completion)<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">Expected in April 2029<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>Preview<\/b><\/td>\r\n<td><span style=\"font-weight: 400;\">3rd October 2025<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n<p><!-- \/wp:table -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Penrith is a 99-year leasehold condo situated along Margaret Drive, one of the most desirable pockets of Queenstown. This project stands on a 102,498 square foot site and will comprise 462 units spread across two 40-storey towers.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">The public preview begins on October 3, 2025, while the official launch is scheduled for October 18, 2025. The development is a joint effort by Hong Leong Holdings, Hong Realty, and GuocoLand.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Hong Leong Holdings has a solid track record in Singapore\u2019s residential market, with recent launches such as <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/penrose\" target=\"_blank\" rel=\"noreferrer noopener\">Penrose<\/a> (2020), <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/springleaf-residence\" target=\"_blank\" rel=\"noreferrer noopener\">Springleaf Residence<\/a> (2025), and <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/lentor-central-residences\" target=\"_blank\" rel=\"noreferrer noopener\">Lentor Central Residences<\/a> (2025). This is also not the group\u2019s first project in Queenstown. Back in 2014, together with its partners, it introduced <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/commonwealth-towers\" target=\"_blank\" rel=\"noreferrer noopener\">Commonwealth Towers<\/a>, an 845-unit condo located next to Queenstown MRT. Units there were first launched at around S$1,639 psf, and prices have since appreciated steadily.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">As for Penrith, the site was acquired in August 2024 through the <a href=\"https:\/\/www.99.co\/singapore\/insider\/4725-homes-gls-2h2025-confirmed-sites\/\" target=\"_blank\" rel=\"noreferrer noopener\">Government Land Sales (GLS) programme<\/a> for S$497 million, or S$1,154 psf per plot ratio (ppr). With its strong development team and established track record, Penrith is set to offer a balance of modern design, quality finishes, and long-term value for buyers.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading --><\/p>\r\n<h2 id=\"Unit-mix-and-pricing\" class=\"wp-block-heading\"><b>Unit mix and pricing<\/b><\/h2>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:image {\"id\":90570} \/-->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Penrith offers a carefully considered mix of 2- to 4-bedroom units, ranging in size from 614 square feet to 1,281 square feet.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:table --><\/p>\r\n<figure class=\"wp-block-table\">\r\n<table class=\"has-fixed-layout\">\r\n<tbody>\r\n<tr>\r\n<td><b>Unit Type<\/b><\/td>\r\n<td><b>Size range (sqft)<\/b><\/td>\r\n<td><b>Starting price<\/b><\/td>\r\n<td><b>PSF (from)<\/b><\/td>\r\n<td><b>No. of units<\/b><\/td>\r\n<td><b>Share of total<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">2-Bedroom<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">614 \u2013 678<\/span><\/td>\r\n<td>\r\n<ul>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">S$1.495 million<\/span><\/li>\r\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">S$1.665 million (premium)<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<td>\r\n<ul>\r\n<li><span style=\"font-weight: 400;\">S$2,437<\/span><\/li>\r\n<li><span style=\"font-weight: 400;\">S$2,455 (premium)\u00a0\u00a0<\/span><\/li>\r\n<\/ul>\r\n<\/td>\r\n<td><span style=\"font-weight: 400;\">154<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">33%<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">3-Bedroom<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">786 \u2013 1,066<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$1.973 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$2,511<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">194<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">42%<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">4-Bedroom<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">1,173 \u2013 1,281<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$3.078 million<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">S$2,623<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">114<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">25%<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><b>Total<\/b><\/td>\r\n<td colspan=\"5\"><b>462<\/b><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n<p><!-- \/wp:table -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Unlike many newer launches, Penrith does <\/span><b>not include 1-bedroom units<\/b><span style=\"font-weight: 400;\">. This deliberate choice points to its focus on families, HDB upgraders, and owner-occupiers who prioritise liveable space over compact units.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">You\u2019ll also notice a strong emphasis on 2-bedroom units, which have grown in popularity in recent years. These homes are no longer limited to couples or small families. Increasingly, even singles are choosing two-bedders for their versatility, using the extra room as a study, hobby space, or guest room.<\/span><\/p>\r\n<p><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-90570\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/10\/penrith-review-room.jpg\" alt=\"penrith review - artist's impression of room\" \/><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">If you\u2019re someone who values larger spaces, the 3- and 4-bedroom units provide more flexibility for multi-generational living or growing families. High-floor units will also enjoy sweeping views of the city skyline and surrounding greenery, which adds to the appeal.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">The units come with modern fittings and smart home features such as digital locksets, smart lighting, air-con controls, and expandable home automation options via Z-Wave technology.<\/span><\/p>\r\n<p style=\"border: 2px solid black; padding: 10px;\"><strong><i>Interested in New Launches? Calculate your payments with 99.co\u2019s\u00a0<a href=\"https:\/\/www.99.co\/singapore\/tools\/progressive-payments-calculator\" target=\"_blank\" rel=\"noreferrer noopener\">Progressive Payments Calculator!<\/a><\/i><\/strong><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph \/-->\r\n\r\n<!-- wp:heading --><\/p>\r\n<h2 id=\"Location-highlights\" class=\"wp-block-heading\"><b>Location highlights<\/b><\/h2>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><iframe loading=\"lazy\" style=\"border: 0;\" src=\"https:\/\/www.google.com\/maps\/embed?pb=!1m18!1m12!1m3!1d3801.8216935713153!2d103.8086402!3d1.2967343999999998!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x31da1b590c541b6f%3A0xdcd4bd3dc6253e2!2sPenrith%20Condo!5e1!3m2!1sen!2smy!4v1759413717972!5m2!1sen!2smy\" width=\"600\" height=\"450\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Penrith is located along Margaret Drive in Queenstown, a city-fringe area that combines good accessibility with the familiarity of an established neighbourhood.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading {\"level\":3} --><\/p>\r\n<h3 class=\"wp-block-heading\"><b>Connectivity<\/b><\/h3>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">The development is about a four-minute walk to Queenstown MRT station on the East-West Line. For those who drive, there is direct access to the AYE and CTE, which makes it possible to reach Orchard Road or the CBD in roughly 10 to 15 minutes. A sheltered walkway also connects Penrith to the Alexandra Park Connector, linking residents to nearby green spaces.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading {\"level\":3} --><\/p>\r\n<h3 class=\"wp-block-heading\"><b>Schools nearby<\/b><\/h3>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Families with school-going children will find several options close by. Queenstown Primary School is directly next to the development, while New Town Primary, Queensway Secondary, Queenstown Secondary, and Crescent Girls\u2019 School are within the vicinity. Preschools such as PCF Sparkletots, E-Bridge, and My First Skool are also located a short drive away.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading {\"level\":3} --><\/p>\r\n<h3 class=\"wp-block-heading\"><b>Retail and lifestyle<\/b><\/h3>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Day-to-day amenities and dining options are accessible within the area. These include Margaret Drive Hawker Centre, IKEA Alexandra, Anchorpoint, Alexandra Central, Dawson Place, Queensway Shopping Centre, and Mei Ling Market. For broader retail and leisure choices, Orchard Road and Dempsey Hill are within a short drive.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading {\"level\":3} --><\/p>\r\n<h3 class=\"wp-block-heading\"><b>Recreation<\/b><\/h3>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">The development is situated beside the Alexandra Canal Linear Park, part of the Park Connector Network. This route provides connections to places such as River Valley, Robertson Quay, Clarke Quay, and Marina Bay Sands, offering recreational and leisure options beyond the immediate neighbourhood.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Overall, Penrith\u2019s location provides a mix of transport connectivity, schooling options, everyday amenities, and access to outdoor spaces, while being set within a mature residential estate.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading --><\/p>\r\n<h2 id=\"Facilities-and-features\" class=\"wp-block-heading\"><b>Facilities and features<\/b><\/h2>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:image {\"id\":90566} --><\/p>\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-90566\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/10\/penrith-review-dropoff-1.jpg\" alt=\"penrith review - dropoff point\" \/><\/figure>\r\n<p><!-- \/wp:image -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Penrith is designed with families and community living in mind. Across its two towers and landscaped grounds, you\u2019ll find a variety of thoughtful facilities:<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Penrith will be made up of two 40-storey towers positioned on an elongated plot of land, with the main entrance set along Margaret Drive. Residents will arrive through a dedicated drop-off area that leads to a clubhouse offering a gym and function rooms, while a two-storey clubhouse adds further communal spaces.\u00a0<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:image {\"id\":90567} --><\/p>\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-90567\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/10\/penrith-review-pool-1.jpg\" alt=\"penrith review - artist's impression of the pool\" \/><\/figure>\r\n<p><!-- \/wp:image -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">An early childhood development centre is also built into the development, complete with its own drop-off point for parents. For recreation, the project features a 50-metre swimming pool, a children\u2019s pool, and a full-sized tennis court, which is less common in newer launches today.\u00a0<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:image {\"id\":90568} --><\/p>\r\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1200\" height=\"900\" class=\"wp-image-90568\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2025\/10\/penrith-review-roof-garden.jpg\" alt=\"penrith review - artist's impression of the rooftop garden\" \/><\/figure>\r\n<p><!-- \/wp:image -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Each tower will also include a roof garden on the 40th storey, offering a wide range of communal facilities. Block 72 will feature spaces such as the Juniper Lounge, Hammock Deck, Horizon Terrace, Stargazing Deck, and a Sky Dining Terrace with BBQ. Block 70 will provide an Outdoor Reading Lounge, Yoga Lawn, Sunset Terrace, Scented Garden, and Alfresco Dining with BBQ.\u00a0<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Both roof gardens will also be equipped with accessible toilets for added convenience.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">In total, there will be 377 parking lots, which works out to an 80% lot-to-unit ratio. Penrith is also designed with sustainability in mind and is expected to attain the BCA Green Mark Platinum (Super Low Energy) certification upon completion.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:buttons --><\/p>\r\n<div class=\"wp-block-buttons\" style=\"margin: auto; text-align: center;\"><!-- wp:button {\"backgroundColor\":\"blue\",\"textColor\":\"white\",\"style\":{\"elements\":{\"link\":{\"color\":{\"text\":\"var:preset|color|white\"}}}}} -->\r\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-blue-background-color has-text-color has-background has-link-color wp-element-button\" style=\"color: white! important;\" href=\"https:\/\/api.whatsapp.com\/send?phone=6580581253&amp;text=Hi%2C%20I%27m%20interested%20to%20know%20more%20about%20this%20new%20launch%20project%20https%3A%2F%2Fwww.99.co%2Fsingapore%2Fcondos-apartments%2Fpenrith%0A%0AI%20would%20like%20to%20get%20the%20latest%20information%20for%20Penrith&#038;utm_source=insider\" data-analytics-event=\"Enquire Now Button Clicked\"> Enquire Now<\/a><\/div>\r\n<div>\u00a0<\/div>\r\n<\/div>\r\n<p><!-- \/wp:button -->\r\n\r\n<!-- wp:heading --><\/p>\r\n<h2 id=\"Urban-renewal-and-future-growth-in-Queenstown\" class=\"wp-block-heading\"><b>Urban renewal and future growth in Queenstown<\/b><\/h2>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">While Queenstown is one of Singapore\u2019s oldest housing estates, it is also undergoing significant rejuvenation.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">The Tanglin Halt redevelopment will add about 5,500 new homes, along with a new hawker centre, market, and better connectivity to Commonwealth MRT and the Rail Corridor.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Beyond this, the URA has also earmarked more residential plots in the area, creating room for future private and public housing.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Since 2021, HDB has steadily introduced new BTO projects in Queenstown, many of which will reach their <a href=\"https:\/\/www.99.co\/singapore\/insider\/property-jargon-of-the-day-minimum-occupation-period-mop\/\" target=\"_blank\" rel=\"noreferrer noopener\">Minimum Occupation Period (MOP)<\/a> in the coming years. These will naturally generate a wave of potential HDB upgraders looking to move into private housing nearby.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">So even though parts of Queenstown still carry their vintage charm, the wider area is on a clear path of rejuvenation.\u00a0<\/span><\/p>\r\n<p><iframe loading=\"lazy\" style=\"border: none; width: 350px !important; box-shadow: 0px 2px 12px rgb(11 17 52 \/ 15%); border-radius: 16px;\" src=\"https:\/\/www.99.co\/property-value-widget?contentSource=insider-blog&amp;contentId=penrith-review\" width=\"350\" height=\"370\" scrolling=\"no\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\"><\/span><\/span><\/iframe><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading --><\/p>\r\n<h2 id=\"Market-considerations-and-nearby-condo-comparisons\" class=\"wp-block-heading\"><b>Market considerations and nearby condo comparisons<\/b><\/h2>\r\n<p><!-- \/wp:heading -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">According to URA Realis data for 2025, resale prices in Queenstown developments are currently lower than Penrith\u2019s starting point of S$2,437 psf. Margaret Ville averages about S$2,207 psf, Stirling Residences around S$2,379 psf, Commonwealth Towers about S$2,248 psf, and <a href=\"https:\/\/www.99.co\/singapore\/condos-apartments\/queens-peak\" target=\"_blank\" rel=\"noreferrer noopener\">Queens Peak<\/a> roughly S$2,209 psf.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">While Penrith\u2019s pricing starts above the resale averages, the steady performance of earlier condos shows the resilience of the Queenstown property market. Demand has consistently been supported by HDB upgraders, with the town recording some of the highest numbers of million-dollar flat transactions, especially at <a href=\"https:\/\/www.99.co\/singapore\/hdb\/skyterrace-dawson-devsZooVy6RBg9U8hU9WHW2Z\" target=\"_blank\" rel=\"noreferrer noopener\">SkyTerrace @ Dawson<\/a> and <a href=\"https:\/\/www.99.co\/singapore\/hdb\/skyville-dawson-deuNr2haT3j6BKnJBEGBkwbU\" target=\"_blank\" rel=\"noreferrer noopener\">SkyVille @ Dawson.<\/a><\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Developers are confident that Penrith will attract significant interest. With its rare location, family-focused unit mix, and comprehensive facilities, the project is expected to appeal to both homebuyers and investors.<\/span><\/p>\r\n<p><b style=\"text-align: center; color: #212121; font-family: Constantia, 'Lucida Bright', Lucidabright, 'Lucida Serif', Lucida, 'DejaVu Serif', 'Bitstream Vera Serif', 'Liberation Serif', Georgia, serif; font-size: 36px;\">Wrapping up<\/b><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">Penrith\u2019s arrival marks more than just another condo launch \u2013 it signals the reopening of Queenstown\u2019s private residential market after a seven-year pause. With its location along Margaret Drive, comprehensive facilities, and focus on practical layouts, the project is likely to draw attention from both homeowners and investors. Pricing may start above current resale averages in the area, but this is consistent with the premium that new launches command, especially in a mature and well-connected estate like Queenstown.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:paragraph --><\/p>\r\n<p><span style=\"font-weight: 400;\">At the same time, the neighbourhood itself continues to evolve. From the Tanglin Halt redevelopment to new BTO projects feeding future upgrader demand, Queenstown\u2019s appeal is being reinforced through renewal and steady interest. For you as a buyer, Penrith represents not only a chance to secure a home in a prime city-fringe location but also to be part of a district with a proven track record of resilience and growth.<\/span><\/p>\r\n<p><!-- \/wp:paragraph -->\r\n\r\n<!-- wp:heading {\"level\":5,\"className\":\"wp-block-heading\"} --><\/p>\r\n<h5 id=\"h-stay-updated-with-the-latest-news-and-insights-on-singapore-s-new-launch-market-nbsp-here\" class=\"wp-block-heading\"><strong>Stay updated with the latest news and insights on Singapore\u2019s new launch market\u00a0<a href=\"https:\/\/www.99.co\/singapore\/insider\/condo\/new-launch-condo\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">here<\/a>.<\/strong><\/h5>\r\n<p><!-- \/wp:heading --><\/p>","protected":false},"excerpt":{"rendered":"<p>Private condos in Queenstown have been few and far between. In fact, the last condo projects in the area were Margaret Ville with 309 units and Stirling Residences with 1,259 units, both introduced back in 2018. By 2021 and 2022, those developments were completely sold out, leaving buyers waiting for the next opportunity to own&hellip;<\/p>\n","protected":false},"author":141,"featured_media":90565,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53601,53738,57131],"tags":[59248,59271,59320,59605,54027],"persona":[57127,57128],"class_list":{"2":"type-post","17":"entry","18":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - 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