Penrith
Penrith is a 99-year apartment in District 3 (Queenstown) with TOP expected in 2029, with 462 units across 2 blocks. Across 455 transactions on record, units have recently transacted around S$1.81M (S$2,914 psf, ~614 sqft). There are 80 units for sale from S$1.60M to S$3.94M. The lease has approximately 97 years remaining.
| Tenure | 99-year leasehold from 2024 (≈97 years left) |
|---|---|
| TOP year | 2029 (expected) |
| Developer | Margaret Rise Development Pte Ltd |
| Units | 462 in 2 blocks |
| District and area | District 3 · Queenstown · RCR |
| Nearest MRT | Queenstown MRT, 365 m (~6 min walk) |
| Latest median psf | S$2,914 psf, last 12 URA caveats to Aug 2026 |
What's for sale and for rent at Penrith?
Penrith has 80 units listed for sale, asking S$1.60M to S$3.94M (median S$2,928 psf), and 0 units for rent.
For sale
80 listings
S$1.60M – S$3.94M
For rent
0 listings
no asking rents
| Bedrooms | For sale | Asking price | Median PSF |
|---|---|---|---|
| 2-bedroom | 76 | S$1.60M–S$1.89M | S$2,928 psf |
| 4-bedroom | 4 | S$3.88M–S$3.94M | S$3,027 psf |
Asking prices of units currently listed on property portals, not transacted prices.
What are the floor plans and unit sizes at Penrith?
Floor plans for Penrith aren't in PropKaki's library yet. Across 455 URA caveats, units range from 614 sqft to 1,281 sqft, and the middle half are 678 sqft to 1,066 sqft.
| Unit type | Sizes listed for sale | Asking from |
|---|---|---|
| 2-bedroom | 614 sqft | S$1.60M · S$2,928 psf |
| 4-bedroom | 1,281 sqft | S$3.88M · S$3,027 psf |
Check the Floor Plan Finder for Penrith →
Unit sizes from URA caveats. Listed sizes from current property listings.
What is the price and PSF at Penrith?
Units have recently transacted around S$1.81M (S$2,914 psf) (URA caveat data).
Recent median price
S$1.81M
recent · 455 sales on record
Median PSF
S$2,914 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$2,928 psf.
Source: URA caveat data, through Aug 2026.
What has recently sold at Penrith?
Penrith has 455 recorded sales; the most recent transacted at S$1,798,000 in Aug 2026 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Aug 2026 | S$1,798,000 | 614 | S$2,930 psf |
| Jul 2026 | S$1,600,000 | 614 | S$2,608 psf |
| Jul 2026 | S$1,600,000 | 614 | S$2,608 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 |
455 sales and 0 rentals on record since Oct 2025. Source: URA.
Is Penrith a good investment?
Penrith has no resales on record yet, so it has no track record of its own. Across District 3, 89% of 7,486 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 23% over a median 5.9-year hold (URA caveats, before costs). Past resale results don't predict future returns, and this is not financial advice.
District 3 sold for more
89%
of 7,486 private resales
Median gain
23%
gross, before costs
Median hold
5.9 years
bought to resold
Penrith has fewer than 10 matched resales, so the figures are for District 3 as a whole. Check the odds for your unit size and holding period →
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.
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.
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)
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$1.81M) needs about S$13,250/mo in income and S$6,096/mo in repayments, after S$60,100 stamp duty and a S$453k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.81M) 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$60,100
BSD, tiered
Downpayment (25%)
S$453k
cash + CPF
Monthly instalment
S$6,096/mo
30y @ 3.5%
Income required
S$13,250/mo
TDSR @ stress rate
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
38,518
all-time · all property types
Source: CEA public transaction records, attributed to District 3 across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.
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
Is Penrith freehold?⌄
No. Penrith is on a 99-year lease that started in 2024, with about 97 years left.
How old is Penrith?⌄
Penrith is still being built. Its completion (TOP) is expected in 2029.
Is Penrith a good investment?⌄
Penrith has no resales on record yet, so it has no track record of its own. Across District 3, 89% of 7,486 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 23% over a median 5.9-year hold (URA caveats, before costs). Past resale results don't predict future returns, and this is not financial advice.
Is Penrith an EC?⌄
No. Penrith is a private apartment development, not an executive condominium (EC).
Who is the developer of Penrith?⌄
Penrith is being developed by Margaret Rise Development Pte Ltd.
What is the price of a condo at Penrith?⌄
Units at Penrith have recently sold for around S$1.81M (S$2,914 psf), the median of the last 12 URA caveats to Aug 2026. The price depends on size, floor and facing. 80 units are listed for sale from S$1.60M to S$3.94M.
Where is Penrith located?⌄
Penrith is at 70 Margaret Drive, Singapore 149926, in Queenstown (District 3). The nearest MRT station is Queenstown MRT, about 365 m away.
How many units are there in Penrith?⌄
Penrith has 462 units in 2 blocks, up to 40 storeys high.
How much do I need to earn to buy at Penrith?⌄
For a unit around S$1.81M as a first home, you'd need roughly S$13,250/mo in income (assessed at the stress-test rate), with repayments near S$6,096/mo after a S$453k (25%) downpayment and S$60,100 Buyer's Stamp Duty.
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 get priority in Primary 1 (P1) registration.