Lovelyhomes Editorial Team

April 30, 2026



MARGARET DRIVE · DISTRICT 03

Penrith

Residential condominium
462
Residential Units
99 Years
Tenure
1 April 2029
Expected TOP
D03
District
Not stated
Indicative Price

462
Residential Units
99 Years
Tenure
1 April 2029
Expected TOP
D03
District
Not stated
Indicative Price

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.

Pillar 01

Queenstown MRT

Source brochure states about 330m / 4 minutes' walk.

Pillar 02

462 residential units

2 blocks of 40-storey apartments with rooftop garden, basement carpark, 2-storey MSCP, communal facilities and early childhood development centre

Pillar 03

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%
Source note: Unit mix and sizes are taken from local source project files. Confirm final availability and strata areas against the developer sales pack.

Indicative Pricing

2 Bedroom Type (2)a from
Not stated
2 Bedroom Premium Type (2)b from
Not stated
3 Bedroom Type (3)a/(3)b from
Not stated
3 Bedroom Premium/Yard Type (3)c/(3)d from
Not stated
4 Bedroom Type (4)a from
Not stated
4 Bedroom Premium Type (4)b from
Not stated
Pricing note: 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.

Why Buyers Are Watching

  1. 1Queenstown MRT is stated at about 4 minutes' walk in the source brochure.
  2. 2Source factsheet states 462 homes in two 40-storey blocks.
  3. 3BCA Green Mark Platinum Super Low Energy provisional certification is listed.
  4. 4Facilities include a tennis court, clubhouse, pool zone and rooftop gardens.
  5. 5The project includes an early childhood development centre.
  6. 6Developer entity is Margaret Rise Development Pte Ltd.

Location and Connectivity

MRT
Queenstown MRT
Source brochure states about 330m / 4 minutes' walk.
Roads
PIE / AYE
Source brochure highlights Queenstown access to PIE and AYE.
Retail
Orchard Road / Alexandra / Queenstown
The source brochure positions Orchard Road about 5 minutes' drive away.
Parks
Southern Ridges / HortPark / Botanic Gardens
Green spaces are referenced in the source brochure.
Penrith source site and location context plan

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

Penrith actual site plan

Actual source site plan · subject to developer confirmation

Floor Plans (Selected)

Representative plans by unit type. Download the full PDF below for the complete source-derived floor plan pack.

Penrith 2 Bedroom Type (2)a floor plan

2 Bedroom Type (2)a
Penrith 2 Bedroom Premium Type (2)b floor plan

2 Bedroom Premium Type (2)b
Penrith 3 Bedroom Type (3)a floor plan

3 Bedroom Type (3)a
Penrith 3 Bedroom Premium Type (3)c floor plan

3 Bedroom Premium Type (3)c
Penrith 4 Bedroom Type (4)a floor plan

4 Bedroom Type (4)a
Penrith 4 Bedroom Premium Type (4)b floor plan

4 Bedroom Premium Type (4)b
Full Floor Plans PDF
All available source floor plans for detailed stack shortlisting.

Download PDF

Elevation and Stack Chart

Penrith elevation and stack chart

Elevation and stack chart · source-derived · subject to developer confirmation

Facilities (30+)

Arrival courtGarden alcoveTennis courtClubhouseSwimming pool zoneRooftop gardenSky dining terraceYoga lawnChildren's play zoneEarly childhood development centreArrival LobbyDrop-offSwimming PoolPool DeckFunction RoomResidents' LoungeGymnasiumChildren's PlayBBQ PavilionLandscape DeckGarden SeatingReading CornerOutdoor DiningFitness ZoneFamily SpacesManagement OfficeBicycle ParkingAccessible FacilitiesCarparkEV LotsSecurityMail RoomSide GateQuiet GardenSocial DeckWater Feature

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

Lease starts
4 November 2024
BP approval
29 August 2025
Anticipated handover
1 April 2029
Vacant possession deadline
1 April 2031
Legal completion deadline
1 April 2034

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

PDF · 2 pages

Penrith Factsheet

2-page LovelyHomes project factsheet – share with family, bring to viewings.

Download Factsheet

PDF · floor plans

Full Floor Plans

Representative and full source-derived floor plans for shortlisting stacks.

Download Floor Plans

Source · site plan

Site Plan

Actual source site plan image used on this project page.

Download Site Plan

Frequently Asked Questions

Where is Penrith located?
70 and 72 Margaret Drive, Singapore
Who is the developer?
Margaret Rise Development Pte Ltd
When is Penrith expected to be completed?
Anticipated handover 1 April 2029; vacant possession no later than 1 April 2031
What unit types are available?
2 Bedroom Type (2)a (614 sqft); 2 Bedroom Premium Type (2)b (678 sqft); 3 Bedroom Type (3)a/(3)b (786-850 sqft); 3 Bedroom Premium/Yard Type (3)c/(3)d (936-1,066 sqft); 4 Bedroom Type (4)a (1,173 sqft); 4 Bedroom Premium Type (4)b (1,281 sqft)
What are indicative prices at Penrith?
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.
How is the connectivity?
Source brochure states about 330m / 4 minutes' walk.
What facilities are included?
Arrival court, Garden alcove, Tennis court, Clubhouse, Swimming pool zone, Rooftop garden, Sky dining terrace, Yoga lawn, Children's play zone, Early childhood development centre, Arrival Lobby, Drop-off
Is it freehold or leasehold?
99 years from 4 November 2024
Which schools are nearby?
Queenstown Primary School, New Town Primary School, Gan Eng Seng Primary School, Alexandra Primary School
What makes Penrith different?
Queenstown MRT is stated at about 4 minutes' walk in the source brochure. Source factsheet states 462 homes in two 40-storey blocks. BCA Green Mark Platinum Super Low Energy provisional certification is listed.

Ready to see Penrith in person?

Speak to our LovelyHomes concierge on WhatsApp for the latest unit availability, e-brochures and showflat bookings.

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Disclaimer. Prices, unit mix, specifications, site plans, floor plans and facility lists on this page are indicative only and subject to change by the developer without notice. All information has been compiled from available local source project material and verified for this remediation on 30 April 2026. LovelyHomes.com.sg is not the project developer. Prospective buyers should consult an accredited salesperson and the developer’s official sales kit before committing to any purchase. Artist impressions are for illustrative purposes only and may differ from the final built product.

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