Hong Leong Holdings to launch Penrith with prices from S$2,437 psf
The Queenstown project comprises 462 units ranging from two to four-bedroom apartments across two 40-storey towers
[SINGAPORE] Hong Leong Holdings will commence previews for Penrith on Friday (Oct 3), with prices starting from S$2,437 per square foot (psf).
Developed by Hong Leong, Hong Realty and GuocoLand, the Queenstown project comprises 462 units ranging from two to four-bedroom apartments across two 40-storey towers.
Prices start at S$1.495 million, or S$2,437 psf for a 614 square foot (sq ft) two-bedroom unit. Two-bedroom premium units, sized from 678 sq ft, will go from S$1.665 million, or S$2,455 psf. Three-bedders, sized from 786 sq ft, are priced from S$1.973 million, or S$2,511 psf. The largest units, with four bedrooms, will start at S$3.078 million or S$2,623 psf.
The project has 76 two-bedroom, 78 two-bedroom premium, 194 three-bedroom and 114 four-bedroom units. It will be the first private residential project launched in Queenstown since 2018 when Margaret Ville and Stirling Residences were launched.
Betsy Chng, Hong Leong Holdings’ head of sales and marketing, said that Queenstown’s central location, established amenities, and vibrant community continue to strengthen its desirability as one of the most sought-after precincts.
Queenstown is one of the most popular Housing & Development Board estates. In the second quarter, the median resale price for four-room flats in the estate stood at S$1 million, just behind the prices in the Central Area and Toa Payoh.
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The developers bought the 9,522 square metre plot on Margaret Drive for S$497 million, or S$1,154 psf per plot ratio last August.
Penrith is within walking distance of the Queenstown MRT and also close to Ikea Alexandra, Queensway Shopping Centre and Dempsey Hill.
The developers said: “With the estate poised for continued renewal under the URA Master Plan, Penrith is positioned to become a distinctive addition to the city-fringe landscape, combining location, connectivity, and long-term growth potential.”
The condominium will book sales from Oct 18.
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