Penrith
Set in the heart of Queenstown, Penrith ushers in a new chapter of sophisticated living. This 99-year leasehold residence offers 462 thoughtfully designed units that combine timeless elegance with modern comfort. Just a 4-minute walk to Queenstown MRT, residents enjoy seamless access to Orchard Road, the CBD, and key destinations island-wide. More than an address, Penrith is a symbol of prestige and refinement.
Confirmed dates:
Show Flat Preview: 3rd Oct
Launch : 18th Oct
For Show Flat Entry Pass, whatsapp Dave 8786 5200
Queenstown’s most anticipated new launch — now with indicative pricing:
🏡 2-Bedroom: fr $1.495M ($2,437 psf)
🏡 2-Bedroom Premium: fr $1.665M ($2,455 psf)
🏡 3-Bedroom: fr $1.973M ($2,511 psf)
🏡 4-Bedroom: fr $3.078M ($2,623 psf)
✨ Unbelievable entry price for Queenstown from only $2,4xx psf — don’t miss this rare chance!!!
Project Information
Unit Mix
Understanding GFA-Harmonised Projects: Why Penrith in Queenstown Stands Out
The upcoming Penrith condominium in Queenstown is set to make waves as the first GFA-Harmonised project in Singapore. But what exactly does “GFA-Harmonised” mean, and how does it benefit homeowners?
What is a GFA-Harmonised Project?
Traditionally, different developers have interpreted Gross Floor Area (GFA) differently. For example, some may have included aircon ledges, void spaces, or large balconies as part of the unit’s “size.” This sometimes gave buyers the impression of larger homes, when in reality, not all the stated square footage was usable.
The GFA Harmonisation Framework was introduced to bring consistency and transparency. Under this new standard, developers must clearly distinguish between liveable, efficient space and non-livable areas (like aircon ledges).
How Harmonised Projects Differ from Non-Harmonised Ones
Clearer unit sizing: Buyers know exactly how much of their floor area is practical living space.
More efficient layouts: Harmonised projects are designed with space efficiency in mind, ensuring less “wasted” floor area.
Greater fairness in comparison: With consistent measurements across projects, buyers can make apples-to-apples comparisons between different developments.
Benefits for Homeowners at Penrith
Spaciousness you can feel: Units at Penrith boast highly efficient layouts, giving residents more usable living area than older non-harmonised projects of the same size.
Better long-term value: With transparent sizing, homeowners enjoy confidence in what they are paying for.
Future-proof living: As the first of its kind, Penrith sets a new benchmark for residential developments in Singapore.
In short, the GFA Harmonisation Framework ensures that what you see—and pay for—is truly what you get. With its spacious, practical, and transparent design, Penrith in Queenstown is not just another condo launch, but a step forward in how Singapore homes are built and enjoyed.
A Short History of Queenstown
Queenstown holds a special place in Singapore’s urban story. Named after Queen Elizabeth II in 1953, it was Singapore’s first satellite town, planned by the Singapore Improvement Trust (SIT) and later expanded by the Housing & Development Board (HDB).
In the 1950s and 60s, Queenstown became the model for modern public housing, featuring Singapore’s first HDB flats, schools, and town centre. It was also home to iconic landmarks such as the former Queenstown Cinema, Haw Par Villa’s original site, and the much-loved Queensway Shopping Centre, famous for sportswear and tailoring.
Over the decades, Queenstown transformed from a humble kampong and swampy area into a vibrant residential estate. Many of Singapore’s “firsts” were pioneered here, including:
The first HDB flats at Stirling Road
The first branch library (Queenstown Public Library, opened in 1970)
The first neighbourhood sports complex (built in 1970)
Today, Queenstown is a sought-after city-fringe residential district, blending rich heritage with modern conveniences. With ongoing rejuvenation projects and new launches like Penrith, Queenstown continues to evolve while retaining its historic charm as Singapore’s pioneering heartland.
Location
Penrith condo offers excellent accessibility to both the city center and the CBD, with Queenstown MRT station just a short walk away.
Residents can enjoy a range of amenities from malls, to eateries within a 1km radius. The area also boasts nearby parks such as Alexandra Canal Linear Park
and the Rail Corridor, offering outdoor recreation options.
Resale Profit Analysis of Nearby Condos
To better understand Penrith’s investment potential, we analysed the resale profits of three nearby condominiums: Margaret Ville, Commonwealth Towers, and Stirling Residences. Each chart shows the lowest, average, and highest resale profit recorded for units in these developments.
Margaret Ville
Lowest resale profit: S$$1,378,888
Average resale profit: S$$1,979,342
Highest resale profit: S$$2,608,888
Margaret Ville demonstrates stable appreciation over the years, reflecting steady demand in this city-fringe location. Investors who bought early and held on saw significant upside, especially for well-maintained units.
Commonwealth Towers
Lowest resale profit: S$1,480,000
Average resale profit: S$2,010,414
Highest resale profit: S$2,960,000
Commonwealth Towers shows a wider resale profit range, indicating that unit layout, floor level, and timing of purchase had a bigger impact on returns. This highlights the importance of choosing the right unit in city-fringe condos.
Stirling Residences
Lowest resale profit: S$1,320,000
Average resale profit: S$1,723,923
Highest resale profit: S$3,550,000
Stirling Residences, being a newer development with a prime location near MRT and schools, recorded the highest upside among the three. This demonstrates the potential for strong capital gains when location and layout meet market demand.
Takeaways for Penrith Investors
Consistent demand matters: All three comparables show that city-fringe condos with good connectivity and amenities maintain resale profitability.
Unit choice is key: The range of profits highlights the importance of choosing efficient layouts and desirable floors — a clear advantage of Penrith’s GFA-harmonised units.
Potential upside: Based on past resale trends, Penrith’s practical layouts and prime Queenstown location suggest strong prospects for capital appreciation and rental appeal.
Penrith Condo Floor Plan
Whatsapp Dave for HD floor plan
