Penrith
Margaret Drive · Apartment · 99 yrs lease commencing from 2024
Who lives in Queenstown
Census of Population 2020 · planning-area aggregates · SingStat via data.gov.sg
The neighbourhood, photographed
freely-licensed photographs taken within ~450 m · Wikimedia Commons
The launch, by the record
developer sales + new-sale caveats · URA - the numbers a brochure won’t print
Strata areas here follow the post-June-2023 GFA harmonisation (AC ledges, void spaces excluded), so this project’s PSF runs a few percent “higher” against older stock measured the old way. A like-for-like PSF comparison to pre-2023 resales isn’t apples-to-apples.
What the record shows
Buyers who bought from the developer in 2025 paid an average of $2,794 psf (447 sales). At today’s $2,796 psf, they are up 0% on paper.
Over the last 3 years, units on the 10th floor and above transacted at a median $2,846 psf - 9% above units on floors 1–5 ($2,602 psf).
Price trend average PSF by year
Recent transactions URA, latest 10
| Date | Price | Area (sqft) | PSF | Floor |
|---|---|---|---|---|
| May 2026 | $1,793,000 | 614 | $2,922 | 31-35 |
| May 2026 | $1,788,000 | 614 | $2,914 | 26-30 |
| Mar 2026 | $3,935,000 | 1,281 | $3,072 | 36-40 |
| Jan 2026 | $3,878,000 | 1,281 | $3,028 | 31-35 |
| Dec 2025 | $3,922,000 | 1,281 | $3,062 | 36-40 |
| Nov 2025 | $3,594,000 | 1,281 | $2,806 | 16-20 |
| Nov 2025 | $3,068,000 | 1,066 | $2,879 | 21-25 |
| Nov 2025 | $2,896,000 | 1,066 | $2,718 | 06-10 |
| Nov 2025 | $2,328,000 | 850 | $2,738 | 16-20 |
| Nov 2025 | $1,966,000 | 678 | $2,899 | 31-35 |
Grounded in this project’s data - yield, en-bloc, lease, nearby condos.
More in District 03
The HDB blocks next door
The entry point, measured: what the resale flats around Penrith actually sell for - this project trades at 2.4× the nearest block’s PSF.