Penrith at Margaret Drive Singapore - New Launch SG Condo
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Penrith Condo Brief Project Details
- Site Area (sq m) : 9,522.3
- Cross Floor Area (sq m) : 39,994
- GLS psf : $1,154 psf ppr
- Leasehold : 99 years
- 2 Towers of 40 Storey Residential
- 2 - 4 Bedroom Type
- 1 Basement Carpark
- 2 Storey Multi-Storey Carpark
- Rooftop Gaden
- 500 sq m Childcare (100 pax)
- JV Hong Leong, GuocoLand and Hong Realty
- Approx. 350 metres to Queenstown MRT
- Expected TOP in 2029
Penrith Review
- Firstly, approximately 462 exclusive residential units.
- Equally important, trusted and renowned developers.
- Above all, potential upside with Queenstown Transformation.
- Furthermore, minutes walk to Queenstown MRT
- Also, renowned School nearby.
Penrith Unit Mix
- 2 Bedroom -
- 3 Bedroom -
- 4 Bedroom -
Floor Plans
Penrith Price
The site was sold on August 2024 with top bidder $497 million bid. This works out to be $1,154 psf per plot ratio (psf ppr) for the site. It is the first land sale in the Queenstown area since the Stirling Residences site in 2017. The acquisition not only reflects the developers' confidence in Queenstown area. Also underscores the rarity of residential opportunities in this mature and highly sought after city-fringe location. A new home in a mature estate that blends rich heritage with modern urban conveniences.
Amenities
The Developers
Hong Leong Holdings Limited
- Hong Leong Holdings Limited (HLHL) was founded in 1968 as the private property development and investment arm of one of Asia’s largest and most successful diversified conglomerate, Hong Leong Group. www.hongleong.com.sg
GuocoLand
- Listed on the Singapore Exchange Securities Trading Limited since 1978, guocoland Limited ("guocoland") is a premier regional property company with operations in the geographical markets of Singapore, China, Malaysia and Vietnam. In 2017, guocoland marked its expansion beyond Asia into the new markets of the United Kingdom and Australia through a strategic partnership with Eco World Development Group Berhad in Eco World International Berhad.
- Headquartered in Singapore, the principal business activities of GuocoLand and its subsidiaries (“the Group”) are property development, property investment, hotel operations and property management, and it is focused on achieving scalability, sustainability and growth in its core markets. The Group’s portfolio comprises of residential, hospitality, commercial, retail and integrated developments spanning across the region. As at 30 June 2018, the Group’s total assets amounted to $10.5 billion.
Singapore and around the region
- In Singapore, the Group has successfully developed 35 residential projects yielding approximately 10,000 apartments and homes. GuocoLand’s flagship integrated mixed-use development Tanjong Pagar Centre, integrates premium Grade A offices at Guoco Tower, a dynamic lifestyle and F&B retail space, luxurious apartments at Wallich Residence, the 5-star business hotel Sofitel Singapore City Centre and a landscaped urban park. It has also developed a sizeable portfolio of properties spanning across the major cities of Beijing, Shanghai, Nanjing and Tianjin. The Group’s 65% owned subsidiary, GuocoLand (Malaysia) Berhad (which is listed on Bursa Malaysia), is an established property developer of community-centric residential townships and innovative commercial and integrated development projects in Malaysia.
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