Penrith
Why Penrith
Penrith is a Margaret Drive launch in Queenstown with 462 homes, 40-storey towers, childcare provision and strong MRT access to Queenstown station.
The local source files reviewed for this run do not include a released official price list; pricing is treated as not stated in available source files.
Unknown items are marked conservatively from the available source files, rather than filled with assumptions.
Queenstown MRT
Source brochure states about 330m / 4 minutes' walk.
462 residential units
2 blocks of 40-storey apartments with rooftop garden, basement carpark, 2-storey MSCP, communal facilities and early childhood development centre
Source-derived shortlist
Site plan, selected floor plans, sales pack and factsheet are generated from the local project source folder.
Project At-a-Glance
| Developer | Margaret Rise Development Pte Ltd |
| Address | 70 and 72 Margaret Drive, Singapore |
| District | D03 |
| Tenure | 99 years from 4 November 2024 |
| Site Area | 9,522.30 sqm / about 102,497 sqft |
| Plot Ratio | 4.53 gross |
| Blocks and Storeys | 2 blocks of 40-storey apartments with rooftop garden, basement carpark, 2-storey MSCP, communal facilities and early childhood development centre |
| Total Units | 462 residential units |
| Carpark | Refer to source sales pack |
| Expected TOP | Anticipated handover 1 April 2029; vacant possession no later than 1 April 2031 |
| Launch date | Not stated in available source files |
| Architect | ADDP Architects LLP |
| Interior Designer | AXIS.ID Pte Ltd |
| Landscape Designer | Coen Design International |
| C&S Consultant | KCL Consultants Pte Ltd |
| M&E Consultant | United Project Consultants Pte Ltd |
| Main Contractor | Lian Beng Construction (1988) Pte Ltd |
Unit Mix and Sizes
| Type | Size | Units | % of Total |
|---|---|---|---|
| 2 Bedroom Type (2)a | 614 sqft | 76 units | 16.5% |
| 2 Bedroom Premium Type (2)b | 678 sqft | 78 units | 16.9% |
| 3 Bedroom Type (3)a/(3)b | 786-850 sqft | 117 units | 25.3% |
| 3 Bedroom Premium/Yard Type (3)c/(3)d | 936-1,066 sqft | 77 units | 16.7% |
| 4 Bedroom Type (4)a | 1,173 sqft | 76 units | 16.5% |
| 4 Bedroom Premium Type (4)b | 1,281 sqft | 38 units | 8.2% |
| Total | 614 sqft+ | 462 residential units | 100% |
Indicative Pricing
Why Buyers Are Watching
- 1Queenstown MRT is stated at about 4 minutes' walk in the source brochure.
- 2Source factsheet states 462 homes in two 40-storey blocks.
- 3BCA Green Mark Platinum Super Low Energy provisional certification is listed.
- 4Facilities include a tennis court, clubhouse, pool zone and rooftop gardens.
- 5The project includes an early childhood development centre.
- 6Developer entity is Margaret Rise Development Pte Ltd.
Location and Connectivity

Schools Nearby
| Primary / Nearby | Queenstown Primary School, New Town Primary School, Gan Eng Seng Primary School |
|---|---|
| Secondary / Tertiary | Alexandra Primary School |
| Distance note | School distance and priority admission should be re-checked against OneMap and current MOE rules before purchase. |
Lifestyle and Amenities
Daily Convenience
Arrival court, Garden alcove
Outdoors
Tennis court, Clubhouse
Dining
Swimming pool zone, Rooftop garden
Retail
Sky dining terrace, Yoga lawn
Community
Children's play zone, Early childhood development centre
Wellness
Refer to source sales pack for the full amenities schedule.
Site Plan
Floor Plans (Selected)
Representative plans by unit type. Download the full PDF below for the complete source-derived floor plan pack.
Elevation and Stack Chart
Facilities (30+)
Gallery




Developer and Consultant Team
Margaret Rise Development Pte Ltd
Penrith source materials identify the developer and consultant team below. Buyers should confirm final contractual parties in the official sales documents.
| Architect | ADDP Architects LLP |
| Interior Designer | AXIS.ID Pte Ltd |
| Landscape Designer | Coen Design International |
| C&S Consultant | KCL Consultants Pte Ltd |
| M&E Consultant | United Project Consultants Pte Ltd |
| Main Contractor | Lian Beng Construction (1988) Pte Ltd |
Sustainability and Specifications
BCA Green Mark Platinum Super Low Energy provisional certification, pneumatic waste conveyance and landscaped deck/roof facilities are stated in the source factsheet.
- Source discipline – only available source details are shown.
- Specifications – confirm final appliances, finishes and provisions in the developer sales pack.
- Mobility – MRT, road and neighbourhood access should be checked against current site conditions before purchase.
Project Timeline
Project Factsheet
A shareable 2-page PDF snapshot of everything on this page – bring it to viewings, forward it to family.
Download the Full Sales Pack
Penrith Factsheet
2-page LovelyHomes project factsheet – share with family, bring to viewings.
Full Floor Plans
Representative and full source-derived floor plans for shortlisting stacks.
Site Plan
Actual source site plan image used on this project page.
Frequently Asked Questions
Where is Penrith located?
Who is the developer?
When is Penrith expected to be completed?
What unit types are available?
What are indicative prices at Penrith?
How is the connectivity?
What facilities are included?
Is it freehold or leasehold?
Which schools are nearby?
What makes Penrith different?
Ready to see Penrith in person?
Speak to our LovelyHomes concierge on WhatsApp for the latest unit availability, e-brochures and showflat bookings.
Related Buying Guides
ABSD Singapore 2026: The Complete Guide
Rates, surcharges and remissions for citizens, PRs and foreigners buying a second or first home.
Buyer’s Stamp Duty (BSD) Singapore 2026
Current BSD rates, worked examples and a calculator for residential purchases.
Home Loan Singapore 2026: HDB vs Bank
LTV, SORA, fixed vs floating and how to structure your financing package.
First-Time Home Buyer Walkthrough
From option fee to collection of keys – every step in the Singapore buying process.
CCR vs RCR vs OCR Explained
How Singapore regions affect pricing, demand and capital appreciation.
Cooling Measures Timeline 2009-2026
Every major round of Singapore property cooling measures and what they did to prices.





0 Comments