Penrith
Penrith is a 99-year apartment in District 3 (Queenstown) that obtained TOP in 2029, with 462 units across 2 blocks. Across 456 transactions on record, units have recently transacted around S$2.33M (S$2,899 psf, ~850 sqft). There are 84 units for sale from S$1.60M to S$3.94M. The lease has approximately 97 years remaining.
What are the key facts about Penrith?
Penrith is a 99-year apartment in District 3 (Queenstown) that obtained TOP in 2029, with 462 units across 2 blocks.
- Tenure
- 99-year
- TOP / Completion
- 2029
- Developer
- Margaret Rise Development Pte Ltd
- Total units
- 462
- Blocks
- 2
- District / Area
- District 3 (Queenstown)
- Market segment
- RCR
- Median PSF
- S$2,899 psf
- Last transacted
- May 2026
- Remaining lease
- ≈ 97 years
What is the price and PSF at Penrith?
Units have recently transacted around S$2.33M (S$2,899 psf) (URA caveat data).
Recent median price
S$2.33M
recent · 456 sales on record
Median PSF
S$2,899 psf
recent transactions
Median rent (monthly)
—
0 rentals on record
Gross rental yield
—
indicative, gross
Units currently for sale are asking a median of S$2,912 psf.
Source: URA caveat data, through May 2026.
What has recently sold at Penrith?
Penrith has 456 recorded sales; the most recent transacted at S$1,793,000 in May 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| May 2026 | S$1,793,000 | 614 | S$2,922 psf |
| May 2026 | S$1,788,000 | 614 | S$2,914 psf |
| Mar 2026 | S$3,935,000 | 1,281 | S$3,072 psf |
| Jan 2026 | S$3,878,000 | 1,281 | S$3,028 psf |
| Dec 2025 | S$3,922,000 | 1,281 | S$3,062 psf |
| Nov 2025 | S$1,810,000 | 614 | S$2,950 psf |
| Nov 2025 | S$1,966,000 | 678 | S$2,899 psf |
| Nov 2025 | S$2,896,000 | 1,066 | S$2,718 psf |
| Nov 2025 | S$3,068,000 | 1,066 | S$2,879 psf |
| Nov 2025 | S$1,839,000 | 678 | S$2,712 psf |
| Nov 2025 | S$2,328,000 | 850 | S$2,738 psf |
| Nov 2025 | S$3,594,000 | 1,281 | S$2,806 psf |
456 sales and 0 rentals on record since Oct 2025. Source: URA.
How many property agents are active around Penrith?
7,621 CEA-registered agents closed at least one recorded deal in District 3 — where Penrith sits — in the last 12 months, across all property types.
Active agents · 12mo
7,621
District 3 · closed ≥1 deal
Deals on record
38,483
all-time · all property types
Source: CEA public transaction records, attributed to District 3across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
What bedroom types are available at Penrith?
Penrith has 84 units listed for sale, spanning 2–4-bedroom layouts.
Based on units currently listed for sale.
| Bedrooms | For sale | Price range | Median PSF |
|---|---|---|---|
| 2-bedroom | 78 | S$1.60M–S$1.90M | S$2,912 psf |
| 3-bedroom | 1 | S$2.50M–S$2.50M | — |
| 4-bedroom | 5 | S$3.88M–S$3.94M | S$3,027 psf |
Where is Penrith and what's nearby?
Penrith is located in Queenstown, in the Central Region of Singapore.
Penrith is a 99-year apartment completed in 2029. It was developed by MARGARET RISE DEVELOPMENT PTE LTD. The development has 462 residential units. It sits on a land area of 9,522 sqm and has a gross floor area of 39,994 sqm.
PENRITH is located at 70 Margaret Drive, Singapore 149926. It is part of District 03, Queenstown / Tiong Bahru, Queenstown. The project falls within the Central Region and the RCR market segment.
The nearest rail connection is Queenstown MRT, approximately 365m away, around 6 minutes on foot. Nearby amenities include Anchorpoint for shopping, SHENG SIONG SUPERMARKET PTE LTD for groceries, and Margaret Drive Hawker Centre for food options. Facilities in the development include Accessible Washroom/Shower, Adult Fitness Stations, Arrival Lounge/Arrival Court, Basement car park, BBQ Pavillion, and Changing Room.
Who built Penrith and how big is the development?
Penrith was developed by Margaret Rise Development Pte Ltd, with 462 units over up to 40 storeys.
- Developer
- Margaret Rise Development Pte Ltd
- Floors
- 40 storeys
- Blocks
- 2
- Land area
- 9,522 sqm (102,494 sqft)
- Gross floor area
- 39,994 sqm (430,491 sqft)
How far is Penrith from MRT and schools?
The nearest MRT/LRT to Penrith is Queenstown MRT, about 365 m away (~6 min walk). 3 schools are within 1 km, including 1 primary school.
Getting around
- Queenstown MRT365 m · ~6 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Queenstown Primary SchoolPrimary schoolwithin 1 km · P1 priority166 m
- Queenstown Secondary SchoolSecondary schoolwithin 1 km561 m
- Queensway Secondary SchoolSecondary schoolwithin 1 km870 m
- Crescent Girls' SchoolSecondary school1.0 km
- New Town Primary SchoolPrimary school1.1 km
- Bukit Merah Secondary SchoolSecondary school1.3 km
- Gan Eng Seng Primary SchoolPrimary school1.4 km
- Alexandra Primary SchoolPrimary school1.8 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What facilities does Penrith have?
Penrith has 28 facilities, including Accessible Washroom/Shower, Adult Fitness Stations, Arrival Lounge/Arrival Court, Basement car park, and more.
What does it cost to own a unit at Penrith?
Buying a unit at Penrith (~S$2.33M) needs about S$17,042/mo in income and S$7,840/mo in repayments, after S$86,000 stamp duty and a S$582k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$2.33M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$86,000
BSD, tiered
Downpayment (25%)
S$582k
cash + CPF
Monthly instalment
S$7,840/mo
30y @ 3.5%
Income required
S$17,042/mo
TDSR @ stress rate
Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →
Thinking about Penrith? Ask before you commit.
A fair-value read, recent comps and what a unit really costs — from Penrith's own transactions.
PropKakiRecent units at Penrith sold close to their fair value — solid, no obvious overpay.
Frequently asked questions about Penrith
How much does a unit at Penrith cost?⌄
Units at Penrith have recently transacted around S$2.33M (S$2,899 psf), from 456 sales on record (URA caveats). The exact price depends on size, floor and facing.
How much do I need to earn to buy at Penrith?⌄
For a unit around S$2.33M as a first home, you'd need roughly S$17,042/mo in income (assessed at the stress-test rate), with repayments near S$7,840/mo after a S$582k (25%) downpayment and S$86,000 Buyer's Stamp Duty.
Is Penrith freehold or leasehold?⌄
Penrith is 99-year, with approximately 97 years remaining on the lease.
When was Penrith built and who developed it?⌄
Penrith obtained TOP in 2029, developed by Margaret Rise Development Pte Ltd, with 462 units across 2 blocks.
How many units are for sale at Penrith?⌄
There are 84 units for sale at Penrith, from S$1.60M to S$3.94M.
What is the nearest MRT to Penrith?⌄
The nearest MRT/LRT station to Penrith is Queenstown MRT, about 365 m away (~6 min walk).
Which primary schools are within 1 km of Penrith?⌄
Queenstown Primary School is within 1 km of Penrith — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.