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Penrith

D3RCRCentralQueenstown
User Score
User ratings for this property
5.0

Penrith is an apartment located along Margaret Drive within District 03 with a 99-year lease commencing on 4 November 2024. It was developed by Margaret Rise Development Pte. Ltd. and has 462 units in total. So far it has been transacted a total of 461 times, amounting to $1.2B+ in total.

< 1km
MRT Station
< 10y
Property Age
Near
$1M+ HDB
> 1K
MOPs in Town
50+
Deals Past Yr
Mega
Development
100%
Profitable
Top 20
Schools

Project Facts

Street
Margaret Drive
Developer
Margaret Rise Development Pte. Ltd.
Property Type
Apartment
Completion
Uncompleted
Total Units
462
Plot Ratio
4.2
Unit Size
614 - 1,281 sqft
Tenure
99 yrs leasehold, 99 yrs from 04/11/2024
Lease Remaining
97 yrs
Postal Sector
14

GLS Site

Land Use
Residential (Non-Landed)
Development Type
Residential
Site Area
9522.30
Plot Ratio
4.20
Permissible GFA
39994.00
GLS Launch
30-05-2024
Tender Closed
01-08-2024
Awarded
07-08-2024
Awarded To
Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd.
Bids
2
Winning Tender
497000000.00
Land Rate (GFA)
12426.86
Land Rate (ppr)
1154.49
Max GFA (Est.)
39994.00
Estimated Units
460

Nearby Stations

  • Queenstown302 m MRTEW19
See details on nearby stations

Nearby Primary Schools

  • Queenstown Primary School95 m
  • New Town Primary School1,000 m
See details on nearby schools

Transaction

97%
Sold At Launch
0%
HDB Buyers
$1.2B+
Total Transacted
15-10-2025
First Transacted
22-05-2026
Last Transacted
461
Total Transactions

Transaction Volume

Transaction Volume01503004506002025 · New Sale: 45720252026 · New Sale: 42026
New SaleSub SaleResale
N.A.
% Profitable
N.A.
Profitable
N.A.
Unprofitable
N.A.
> 6% Annualized
N.A.
Avg Holding
N.A.
Total Profits
View full details

Rental

Past 1 month
$N.A.
Avg PSF Rental
0
No. of Rentals
N.A.
Est. Rental Yield
View full details
Unit Distribution
TypeUnits%Size
2 BR7616.50%614 sqft
2 BR Premium7816.90%678 sqft
3 BR11424.70%786 - 850 sqft
3 BR Premium7616.40%936 - 1,066 sqft
4 BR7816.90%1,173 sqft
4 BR Premium408.70%1,281 sqft
Profitability by Block
BlockPostal CodeProfitable %Annualized Profit %
70149926N.A.N.A.
72149927N.A.N.A.
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