Penrith: price, what is left, and who it suits
7 of 462 units unsold as at 6 September 2026, from $1.80m at $2,928 to $3,098 psf. 99-year leasehold in the Rest of Central Region.
Penrith is a 462-unit 99-year leasehold condominium in D3 (Queenstown / Tiong Bahru), in the Rest of Central Region. As at 6 September 2026, 7 units are unsold and the project is 98.5% sold. What is left runs from $1,798,000 to $1,902,000, at $2,928 to $3,098 psf.
Its entry psf sits $0 above the D3 median of $2,928, across the 3 projects still selling there.
What is left is 6 2 bedroom ((2)a) — named units rather than a choice of layout.
What is left
Penrith units still available
These are the unit types with stock left at Penrith, as filed by the developer. The last column is the one to read first — it tells you how much choice you actually have, which the headline count does not.
Balance units and prices as at 6 September 2026. These are the developer's own figures for unsold stock, read from the PropNex register on that date. Availability moves daily — message me for a live count before you commit to anything.
| Unit type | Size, sq ft | From | Left |
|---|---|---|---|
| 2 Bedroom | 614 | $1,867,000 | 6 of 76 |
6 of the 7 remaining units are 2 bedroom, at 614 sq ft from $1,867,000. That is the stock this project is really selling right now, whatever the brochure leads with.
By layout
Penrith price list by layout, as at 6 September 2026
Every layout the developer filed for Penrith, with the units built, the units still unsold and the price band against each. This is the closest thing to a published Penrith price list that exists, and it is the developer's own figure rather than a portal's estimate.
The range across layouts runs $1,902,000 to $3,935,000 — a factor of 2.1. At that spread the layout you choose decides the budget, and the floor you choose only adjusts it.
Where a band shows a single figure, one unit of that layout is left and that is its price. Where it is wide, the difference is floor level and facing rather than the layout.
| Layout | Unit type | Price | Left |
|---|---|---|---|
| (2)a | 2 Bedroom | $1,902,000 | 6 of 76 |
| (2)b | 2 Bedroom Premium | On application | 0 of 78 |
| (3)a | 3 Bedroom | On application | 0 of 78 |
| (3)b | 3 Bedroom | On application | 0 of 39 |
| (3)c | 3 Bedroom Premium | On application | 0 of 39 |
| (3)d | 3 Bedroom Premium | On application | 0 of 38 |
| (4)a | 4 Bedroom | On application | 0 of 76 |
| (4)b | 4 Bedroom Premium | $3,935,000 | 0 of 38 |
Layouts
Penrith floor plans, and which of them you can still buy
These are the 8 layouts the developer filed for Penrith, of which 1 still has unsold units. Each caption carries the developer's own layout code — that is the reference to quote when you ask me about a specific unit.
A plan tells you the shape; it does not tell you the outlook, the afternoon sun or what the unit above is doing. Ask me those before you fall for a layout.
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The site
Penrith site plan: where the blocks sit and what faces what
Penrith puts 462 units on 102,497 sq ft of land — 45.1 units for every 10,000 sq ft of site. That is dense, which usually means towers rather than spread, shorter distances between facing blocks, and facilities that get busy at the same hours.
The blocks are addressed 70, 72 Margaret Drive, filed as residential highrise. Find the stack you are being shown on the plan before you visit, then ask what sits on the other side of the boundary — the drawing stops at the fence line, and what matters is often just past it.
The facts
Penrith at a glance
| Developer | GuocoLand / Hong Leong Holdings / Hong Realty |
|---|---|
| Address | 70 , 72 Margaret Drive |
| District | D3 - Alexandra / Commonwealth |
| Region | Rest of Central Region |
| Tenure | 99 years lease commencing from 04/11/2024 |
| Completion | Apr 2031 |
| Site area | 9,522.3 m2 |
| Total units | 462 |
| Configuration | Residential Highrise |
| Units unsold | 7 |
| Price, units left | $1,798,000 – $1,902,000 |
| PSF, units left | $2,928 – $3,098 |
Price
What Penrith costs, and how that compares
The unsold units run from $1,798,000 to $1,902,000, at $2,928 to $3,098 psf. Read that as the range of what is left rather than what the project launched at.
Across the 3 new launch projects still selling in D3, the median entry psf is $2,928 and the range runs $2,775 to $3,065. Penrith enters at $2,928.
For a wider view, the new launch price list carries the same figures for every project still selling in Singapore.
My read
The honest read on Penrith
6 units remain at Penrith, across a single layout: (2)a (2 bedroom, 6 left, $1,902,000).
At this count you are not choosing between layouts, you are choosing between named units. Ask which floor and which facing each one is before you decide the layout matters — at the tail end, the stack usually matters more.
The lease started in 2024 and the project is due to complete in Apr 2031. That is 7 years of a 99-year lease gone before anyone moves in, leaving roughly 92 years from handover. Worth checking against anything else you are comparing on the same tenure — the label is identical, the clock is not.
Start with the take-up. 98.5% of Penrith has sold, and 7 units remain. Nobody is negotiating with you at this stage. The developer covered its costs long ago, and what is left is what every earlier buyer walked past. That is not automatically a bad unit, but you should want to know why it is still there before you sign.
Against its own district it is unremarkable on price, which is not a criticism. Entry psf of $2,928 against a D3 median of $2,928 means the market has priced it in line with its neighbours, so your decision comes down to the specific unit rather than the project-level number.
Completion is 2031, which is a long wait. That suits an investor with somewhere to live and a buyer who wants today's price for a home they need later. It does not suit anyone who needs keys soon, and progressive payments mean you carry the loan through the build.
One detail in the numbers. The remaining units span only $2,928 to $3,098 psf, a band of about 6%. A range that tight usually means what is left is one or two layouts rather than a spread across the project, so expect the choice to be narrower than the unit count suggests.
It suits you if
you have found a specific unit you like, you are comfortable that the choice is limited to 7, and you would rather move on a finished decision than wait for the next launch.
Skip it if
you want a choice. With 7 units left you are choosing from what is there, not from what you want.
Gallery
What Penrith is meant to look like
All 5 of these are artist's impressions released by the developer, not photographs. They show the project as drawn rather than as built.
Completion is still years out, which means everything here is a drawing of a decision, not a record of one. Specifications can change before handover. Read the renders for layout and orientation, and take the finishes as a statement of intent.
The developer released some of these without a description, and I have left those uncaptioned rather than invent one.
Common questions
Penrith questions, answered plainly
As at 6 September 2026 the unsold units run from $1,798,000 to $1,902,000, at $2,928 to $3,098 psf. That is the range of what is still available, not the range the project launched at — once the cheapest units go, the bottom of the range rises without the developer changing a price.
7 of 462, so the project is 98.5% sold. That figure is from the PropNex register on 6 September 2026 and it moves. Message me for a live count before you commit to anything.
No. 7 units are still unsold as at 6 September 2026, though at 98.5% sold it is close.
It is 99-year leasehold. Of the 3 new launches still selling in D3, 0 are freehold or 999-year.
Expected 2031. You buy off a plan and wait, with progressive payments through the build.
District 3, which covers Queenstown / Tiong Bahru, in the Rest of Central Region.
6 as at 6 September 2026: 6 × (2)a (2 bedroom, $1,902,000). At that count availability moves without notice, so treat this as the position on 6 September 2026 and ask me for today's.
Its entry psf is in line with the rest of D3, so the project-level number will not decide it for you. With 7 left you get no negotiation and little choice. The honest answer depends on which unit, and I would rather look at the actual stack with you than answer it in the abstract.
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Prefer to talk now? WhatsApp VionaComparing this against the rest of the market? The new launch price list carries prices and balance units for every project still selling, and new launch vs resale covers whether this is the right market for you at all.