District 3 · By BUC

Penrith

Twin 40-storey towers on Margaret Drive, steps from Queenstown MRT and Alexandra's GCB belt.

The information is subject to change and is for illustration purposes only.

Location

70 & 72 Margaret Drive — close to Queenstown MRT and Buona Vista MRT (CC22).

See Location →

Unit Mix

462 units across 2 towers of 40 storeys, 2 to 4-bedroom layouts.

See Unit Mix →

Developer

Margaret Rise Development — a consortium of GuocoLand and Hong Leong Group.

See Developer →
Project Details

Everything at a glance

Developed by Margaret Rise Development Pte Ltd, a consortium of Hong Leong Holdings' Intrepid Investments, GuocoLand and Hong Leong Group's Hong Realty, Penrith comprises 2 blocks of 40-storey apartments with a rooftop garden, 1 basement carpark, a 2-storey MSCP, communal facilities and an early childhood development centre.

Project NamePenrith
DeveloperMargaret Rise Development Pte Ltd
Tenure99-Year Leasehold
DistrictDistrict 3
Address70 & 72 Margaret Drive
Site Area102,497 sqft (9,522.3 sqm)
Total Units462 — 2 x 40-storey towers
Carpark Lots377 lots (228 basement, 142 MSCP, 4 accessible)
Vacant PossessionNo later than 1 April 2031
ArchitectADDP Architects LLP
Charlene's Take

Alexandra's GCB belt, at HDB prices' doorstep

Margaret Drive sits right beside some of Singapore's most exclusive Good Class Bungalow enclaves — Ridout, Swettenham, Tanglin, Ridley Park — while staying walkable to Queenstown MRT, hawker centres and supermarkets. A rare combination of prestige address and everyday convenience.

70 & 72 Margaret Drive, District 3 — close to Queenstown MRT and Buona Vista MRT (CC22), near Margaret Drive Hawker Centre, Seng Siong and NTUC Fairprice supermarkets, and minutes from Holland Village, Dempsey and the Singapore Botanic Gardens.

Queenstown MRT Buona Vista MRT (CC22) Margaret Drive Hawker Centre Holland Village Dempsey Singapore Botanic Gardens GCB Belt: Ridout, Tanglin, Chatsworth Queenstown & New Town Primary
Neighbourhood

What's actually around you

Groceries and schools — at a glance.

Map centred on Margaret Drive, Queenstown. Approximate — not drawn to scale.

Groceries

Sheng Siong, Margaret Drive NTUC FairPrice, Margaret Drive

Schools

Queenstown Primary School New Town Primary

Exact walking distances vary by school and address — check MOE SchoolFinder for balloting distance.

Live Market Check

How active is District 3 right now?

Pulling live resale activity for District 03 from URA…

Live activity pulled straight from URA's transaction data — not something you'll find on a typical listings site.

Unit Mix

462 Units Across 2–4 Bedroom Layouts

From S$1,788,000 at S$2,912 psf. Official unit types, sizes and counts.

2 Bedroom — 76 units614 sqft · $1.788M (10 left)
2 Bedroom Premium — 78 units678 sqft
3 Bedroom — 78 units786 sqft
3 Bedroom — 39 units850 sqft
3 Bedroom Premium — 39 units936 sqft
3 Bedroom Premium — 38 units1,066 sqft
4 Bedroom — 76 units1,173 sqft
4 Bedroom Premium — 38 units1,281 sqft

Message Charlene for stack-specific floor plans and current availability.

Estimated Maintenance Fee

Monthly Charges by Unit Type

2 & 3 Bedroom (share value 6)S$424.80 / month
4 Bedroom & 4 Bedroom Premium (share value 7)S$495.60 / month

Subject to GST and change.

Developer

Margaret Rise Development — A Hong Leong & GuocoLand Consortium

Penrith is developed by Margaret Rise Development Pte Ltd, a consortium made up of Hong Leong Holdings' Intrepid Investments, GuocoLand, and Hong Leong Group's Hong Realty.

This combines three arms of one of Singapore's most established property groups, with decades of residential and commercial development experience across Singapore and the region.

Next Step

Full brochure & floor plans on request

“Have a very pleasant experience with Charlene as my advisor. She helped me to sell my property and provided details on the current market condition and what price I can look at.”

Matthias Martin, Client
Charlene Ho Charlene Ho will be in touch · Branch Division Director, ERA Realty · About her →

Leave your details for the complete e-brochure, floor plans, and a personalised walkthrough of what's still available — or skip straight to WhatsApp.

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Launch details compiled from public sources as of Jul 2026 and may change. Please contact Charlene for the latest prices, unit availability and official developer materials.

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