Penrith

Penrith is a leasehold (99 yrs from 2024) apartment completed in 2029. It is developed by Margaret Rise Development Pte Ltd. The development occupies a land area of 9,522 sqm and a Gross Floor Area of 39,994 sqm. It consists of 462 units. According to records, buyers of this development are Singaporean 92.0%, PR 7.5%, Foreigner 0.4%, Company 0.0%.

Penrith is located along MARGARET DRIVE in Queenstown, in District 3. It is accessible through the nearest MRTs including Queenstown EW19 and Redhill EW18.

Based on transaction data in the last 12 months, sale prices range from S$ 2,347 psf to S$ 3,087 psf at an average of S$ 2,796 psf. Its highest recorded transaction was S$ 3,087 psf in Oct 2025 for a 1,173-sqft unit. Its lowest recorded transaction was S$ 2,347 psf in Oct 2025 for a 614-sqft unit. Other nearby amenities include: 3 Grocerie(s): Sheng Siong Supermarket, Fairprice, Fairprice, and 2 Shopping Mall(s): Dawson Place, Anchorpoint.

Buyers and tenants are attracted to District 3, which is comprised of Tiong Bahru, Alexandra and Queenstown. This district is located at the city fringe in the Central Region of Singapore and contains a good mix of public and private houses. District 3 is currently served by the East-West Line at Tiong Bahru MRT Station, Redhill MRT Station and Queenstown MRT Station. It takes approximately 10 minutes or less to commute from these stations to the Central Business District at Raffles Place MRT Station. Tiong Bahru is famous for its local food fare at the renowned Tiong Bahru Market & Food Centre. District 3 also houses an eclectic mix of specialty shops and heartland malls such as the Queensway Shopping mall and Tiong Bahru Plaza. On top of that, the world’s largest home furnishing retailer, IKEA, is situated at Alexandra road in Queenstown.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.