Penrith Condo Prices, Units Sold & Analysis (D03)

Gallery

Penrith in D03 — 10 developer images. Select any image to view it full size.

Penrith — artist impression or marketing image 1, D03

Artist impressions and marketing images are supplied by the developer and compiled by PropertyInsider.sg. They are indicative only, may show upgraded finishes or landscaping that is not part of the standard specification, and are not a representation of the completed development. Verify the specification against the developer’s sales documents.

Overview

Penrith is a 462-unit 99-year leasehold condominium in D03 (RCR, Central region), developed by Hong Leong Holdings / City Developments Limited (CDL), with TOP expected in 2031. The land was secured through a URA Government Land Sales tender in August 2024 at $1,154 psf ppr.

The site sits about 0.33 km in a straight line from Queenstown (EW19), roughly 5 minutes on foot. Matched developer-sale transactions put take-up at 99.1% — 458 of 462 units, at an average of $2,796 psf.

This overview is generated from PropertyInsider.sg’s tracked record for this project — URA tender data, matched caveat transactions and public filings — not from developer marketing material. Figures as at 20 Oct 2026. Anything marked (est.) is our estimate and is explained where it appears.

Details

The full tracked record for Penrith, grouped by what it tells you. Every figure here is repeated in context further down the page, with its source and its caveats.

The project

Property type: Condo
Status: Selling
Developer: Hong Leong Holdings / City Developments Limited (CDL)
Tenure: 99 years
Total units: 462
Bedroom mix: 2, 3, 4 bedroom
Size range: 614 - 1,281 sqft (57 - 119 sqm)
Expected TOP: 2031

Prices and sales

Average psf: $2,796Transacted, developer sales
Entry price: $1.44MSmallest layout, lowest transacted quantum
Units sold: 99.1%458 of 462, 4 available
HDB upgraders: 27.5%Of matched buyers with a prior HDB address

Land and cost

Land cost: $1,154 psf pprURA GLS tender, August 2024
Breakeven: $2,035 psf pprest.
Site area: 9,522 sqmest.102,498 sqft, derived from GFA ÷ plot ratio
Gross floor area: 39,994 sqm
Plot ratio: 4.2

Location

District: D03, RCR, Central
Nearest MRT: Queenstown EW190.33 km in a straight line, ~5 min walk
Coordinates: 1.29580, 103.80870

Compiled by PropertyInsider.sg from URA tender records, matched caveat transactions and public filings; last refreshed 20 Oct 2026. Values marked (est.) are our estimates — the launch-price method is set out in our pricing methodology.

Estimated launch pricing

Estimates are anchored on the site's estimated breakeven rate and a measured developer margin band; developers make final pricing decisions. Indicative quantums apply the estimated psf range to typical unit sizes — not a price list.

Location and connectivity

Where Penrith sits on the map, with its district, market segment and nearest station on the rail network. The nearest MRT station is Queenstown (EW19), about 0.33 km away in a straight line, roughly 5 minutes on foot. The dashed rings on the map mark straight-line 1 km and 2 km radii from the site.

Penrith is located at 1.29580, 103.80870 in D03, Singapore. The interactive map loads when this section comes into view.

District: D03 · Central · RCR
Nearest MRT: Queenstown EW190.33 km in a straight line, ~5 min walk
Coordinates: 1.29580, 103.80870
Tenure: 99 years
Site status: Selling

Open this location in Google Maps·Every tracked launch on one map·Primary schools map

The marker is an approximate site centroid compiled by PropertyInsider.sg, not a surveyed boundary. Station distances are straight-line, measured from the site centroid to the midpoint of a station’s published exits (LTA MRT/LRT exits dataset) — not the distance to the nearest exit, and not a walking route. Walking times are an estimate only and are omitted beyond 2 km. Base map tiles are © OneMap / Singapore Land Authority. Verify exact addresses, boundaries and journey times with the developer or on OneMap.

What is nearby

Stations, schools, shops, food, green space, healthcare and the main employment areas around this address, grouped by type. Each place shows an estimated road distance, an off-peak drive time and, within 2 km, a walk.

MRT and LRT stations3 places

Place	By road	Drive	Walk
Queenstown MRTEW19 · East West Line	0.4 km	—	5 min
Redhill MRTEW18 · East West Line	1.6 km	3 min	18 min
Commonwealth MRTEW20 · East West Line	1.8 km	4 min	20 min

Schools11 places

Place	By road	Drive	Walk
Queenstown Primary SchoolPrimary school, p1 vacancies available	0.1 km	—	1 min
New Town Primary SchoolPrimary school, p1 vacancies available	1.4 km	3 min	16 min
Gan Eng Seng Primary SchoolPrimary school, p1 vacancies available	1.8 km	4 min	20 min
Alexandra Primary SchoolPrimary school, very high P1 demand	2.4 km	5 min	26 min
Queenstown Secondary SchoolSecondary	0.8 km	—	8 min
Queensway Secondary SchoolSecondary	1.2 km	3 min	13 min
Crescent Girls' SchoolSecondary · Girls	1.4 km	3 min	15 min
Melbourne International SchoolInternational school	1.0 km	—	12 min
Kindle Kids International SchoolInternational school	1.2 km	2 min	13 min
S P Jain School of Global Management SingaporeOverseas business school	2.6 km	6 min	29 min
NTU@one-northAutonomous university	3.1 km	7 min	—

Shopping malls4 places

Place	By road	Drive	Walk
Dawson PlaceShopping mall	0.6 km	—	7 min
AnchorpointShopping mall	1.2 km	3 min	13 min
Alexandra CentralShopping mall	1.4 km	3 min	15 min
Queensway Shopping CentreShopping mall	1.5 km	3 min	16 min

Hawker centres3 places

Place	By road	Drive	Walk
Margaret Drive Hawker CentreHawker centre · 38 cooked-food stalls	0.7 km	—	7 min
Mei Chin Road MarketHawker centre · 47 cooked-food stalls	1.0 km	—	11 min
ABC Brickworks Market/Food CentreHawker centre · 96 cooked-food stalls	1.3 km	3 min	15 min

Parks and nature3 places

Place	By road	Drive	Walk
Sbg Lc Zone 1 (Tnc)Park · 41 ha	2.4 km	5 min	26 min
Telok Blangah Hill ParkPark · 36 ha	2.6 km	6 min	29 min
Sbg Lc Zone 3 (Nog/Pv)Park · 11 ha	2.7 km	6 min	30 min

Sports and community clubs3 places

Place	By road	Drive	Walk
Queenstown Sport CentreActiveSG sport centre	1.0 km	—	11 min
Queenstown CCCommunity club	1.2 km	3 min	14 min
Leng Kee CCCommunity club	1.2 km	3 min	14 min

Healthcare2 places

Place	By road	Drive	Walk
Queenstown PolyclinicPublic polyclinic · National University Polyclinics	1.2 km	3 min	14 min
Alexandra HospitalPublic acute or specialist hospital	1.8 km	4 min	20 min

Workplaces3 places

Place	By road	Drive	Walk
one-northBusiness and innovation park	2–5 km	5–10 min	—
Mapletree Business CityBusiness and innovation park	2–5 km	5–10 min	—
Tanjong PagarCentral business district	5–10 km	10–20 min	—

Road distances and drive times are estimates: the straight line from the site centroid to each place, with a 1.35× allowance for the road network, driven at an average 28 km/h. That is off-peak driving, not a routed journey, with no allowance for traffic, one-way roads or parking; drive times under 800 m are left out. Walks assume 80 m/min with a 1.2× routing allowance and are left out past 2 km. Each place is one representative point, so a park or a business district is not measured to its nearest entrance, and workplaces are shown as a band. Sources: NEA, NParks, SportSG, People’s Association, MOE, MOH and URA/JTC, compiled by PropertyInsider.sg; primary schools from our schools dataset and rail from the LTA exits dataset. Check journeys you rely on with OneMap. Primary-school admission uses the straight-line home-school distance, shown in the schools section below.

Bedroom types and unit prices

Matched developer-sale transactions by bedroom type: average price, average psf, transacted price range, size range and units sold. Entry prices usually reflect lower floors or less ideal facings.

Type	Avg price	Avg psf	Transacted range	Size range	Units sold	Available
2 Bedroom	$1.78M	$2,758	$1.44M – $2.06M	614 – 678 sqft	150	4 left614 sqft
3 Bedroom	$2.47M	$2,790	$1.98M – $3.22M	786 – 1,066 sqft	194	Sold out
4 Bedroom	$3.46M	$2,858	$3.08M – $3.94M	1,173 – 1,281 sqft	114	Sold out

Prices, sizes and unit counts are compiled unit by unit from lodged caveats and developer sales records, updated 2 Oct 2026. Sold figures cover transacted units only; the available column counts unsold units of the same type. Averages vary by floor, stack and facing — ranges matter more than any single number.

Site map

The published site plan for Penrith — block placement, facing, and where the facilities sit relative to each stack. Select a plan to view it full size.

Site plans are developer marketing material compiled by PropertyInsider.sg. Block positions, unit counts, facing and facility placement are indicative and can change between the marketing plan and the approved building plan. Confirm against the developer’s sales documents and the approved plans before relying on a stack, facing or distance.

Elevation chart

The developer’s elevation chart for Penrith: the stacks floor by floor, with the unit type in each. Read it with the site plan above to place a unit in the block. Select the chart to view it full size.

Elevation charts are developer marketing material compiled by PropertyInsider.sg. Stack numbering, floor counts and the unit type shown for each stack are indicative and can change before the approved building plan. Check any unit against the developer’s sales documents and price list.

Floor plans

8 floor plans across 6 unit types for Penrith. Pick a type to narrow the set, then select a plan to view it full size.

Floor plans are developer marketing material compiled by PropertyInsider.sg. They are not to scale, and layouts, areas and fittings are indicative and subject to change and to the approved building plan. Plan names follow the developer’s own labels. Confirm the strata area and layout of a specific unit in the sales brochure before relying on it.

Virtual tours

9 virtual tours of Penrith, hosted by the developer’s tour providers. Each one opens in a new tab.

Virtual tours are produced for the developer and hosted on third-party sites outside PropertyInsider.sg, which does not control their content. Showflat units usually carry upgraded finishes, loose furniture and decor that are not part of the standard specification, and some tours show a model rather than a built unit.

Tower view — what is still available

Every unit in Penrith, floor by floor and stack by stack: which are sold, which are still available, and what the sold ones transacted at. 4 of 462 units were unsold at the last update.

Total units4622 towers tracked unit by unit

Sold45899.1% of the development

Still available4Unsold at last check

Latest transaction2 Oct 2026Most recent caveat in the grid

Tower

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Available unitsSold unitsNo unit at this positionFloors read top-down, stacks left to right — the grid is the elevation.

Select any unit for its size, layout and — where it has sold — the transacted price and date. Availability reflects the most recent update and can change without notice; confirm with the developer before acting on it.

Tower	Stack	Layout	Units	Sold	Available	Median psf
Tower 70	01	2BR	39	39	—	$2,802
Tower 70	02	3BR	39	39	—	$2,807
Tower 70	03	4BR	38	38	—	$2,869
Tower 70	04	2BR	38	34	4	$2,822
Tower 70	05	4BR	38	38	—	$2,883.5
Tower 70	06	3BR	39	39	—	$2,823
Tower 72	07	2BR	39	39	—	$2,712
Tower 72	08	3BR	39	39	—	$2,738
Tower 72	09	3BR	38	38	—	$2,818
Tower 72	10	2BR	38	38	—	$2,693
Tower 72	11	4BR	38	38	—	$2,832.5
Tower 72	12	3BR	39	39	—	$2,751

Unit-level data compiled by PropertyInsider.sg from lodged caveats and developer sales records, updated 2 Oct 2026. Availability is a snapshot, not a live feed — units can be sold or released between updates, and developers hold back stock. Verify anything you intend to act on with the developer. Compare pricing across projects on the prices by bedroom table.

Latest transactions

The ten most recent recorded sales at Penrith — the closest read on what buyers are paying right now, and on which layouts are still moving.

Date	Unit	Type	Size	Price	Price psf
2 Oct 2026	#39-04	2BR	614 sqft	$1.8M	$2,934
23 Sept 2026	#38-04	2BR	614 sqft	$1.8M	$2,930
11 Sept 2026	#34-04	2BR	614 sqft	$1.79M	$2,917
4 Aug 2026	#33-04	2BR	614 sqft	$1.8M	$2,930
30 Jul 2026	#39-10	2BR	614 sqft	$1.6M	$2,608
30 Jul 2026	#38-10	2BR	614 sqft	$1.6M	$2,608
22 May 2026	#31-04	2BR	614 sqft	$1.79M	$2,922
1 May 2026	#30-04	2BR	614 sqft	$1.79M	$2,914
25 Mar 2026	#39-03	4BR	1,281 sqft	$3.94M	$3,072
20 Jan 2026	#34-03	4BR	1,281 sqft	$3.88M	$3,028

Most recent transaction 2 Oct 2026. Caveats are lodged with a lag, so the newest sales at a project may not appear for several weeks. Source: lodged caveats and developer sales records, compiled by PropertyInsider.sg.

How D03 resales have performed

Capital appreciation context for Penrith: what sellers of completed condos in the same district actually realised on 6,748 matched buy-and-sell pairs (March 1995 to October 2026), including the 10.0% that sold at a loss.

Read this first: these are completed matched exits, profitable and unprofitable, over March 1995 to October 2026. A median describes what the middle seller realised — never the probability that any particular purchase will do the same. Note also that an owner sitting on a paper loss can decline to sell, so the true loss rate across all purchases is higher than the 10.0% recorded on completed sales here.

Median annualised return

3.5% p.a.

all 6,748 exits in district D03, winners and losers; 90.0% made money

RCR segment median

3.8% p.a.

46,610 exits island-wide, 90.2% profitable

D03 resalesRCR resales, all districtsPenrith, new sales

Resale lines: median exit psf of all matched resales, profitable and not, from 2010, smoothed as a 4-quarter moving average. Quarters with fewer than 5 exits carry no point. Penrith: median psf of its new sales in each quarter with at least 3 recorded sales (458 sales in all), from lodged caveats and developer sales records. A new launch is priced against resale stock that is older and on a shorter remaining lease, so compare direction and the size of the gap, not the levels alone. Source: URA caveat data, matched pairs.

What past projects here returned

Completed condos in D03 with at least 20 matched exits — the closest historical read on what this location has delivered. Ranked by median annualised return across every exit, not only the profitable ones.

5.9% p.a.middle of the 10 mapped, all exits3.5–10.7%slowest to fastest of the 10$508kmiddle project’s median gain, gross$1,854 psftheir middle average resale psf$2,796 psfthis launch, average transacted

Map of the 10 projects ranked below. Each pin is labelled with that project’s median annualised return.

Pin colour:10% a year or more6–10% a year3.2–6% (at or above the island median)This launch

Project	TOP	Exits	Profitable	Median ann. return	Median hold	Median gain	Avg psf
Alexis	2012	304	100.0%	10.7% p.a.	4.3y	$279k	$1,326
Meraprime	2006	207	100.0%	10.1% p.a.	5.9y	$702k	$2,300
Twin Regency	2007	214	98.6%	9.7% p.a.	4.1y	$620k	$2,425
The Regency at Tiong Bahru	2010	157	100.0%	8.6% p.a.	3.7y	$540k	$1,187
The Metropolitan Condominium	2009	494	97.6%	7.2% p.a.	4.1y	$509k	$1,068
Stirling Residences	2022	447	99.8%	4.6% p.a.	5.1y	$283k	$1,850
Queens	2002	752	93.6%	4.5% p.a.	9.5y	$550k	$2,010
Artra	2020	99	100.0%	4.1% p.a.	5.8y	$506k	$1,871
Margaret Ville	2021	85	100.0%	3.8% p.a.	5.4y	$312k	$1,858
Queens Peak	2020	250	98.8%	3.5% p.a.	6.0y	$250k	$1,788

Projects in the same district with at least 20 matched exits, ranked by median annualised return across every exit — profitable and not. Median gain is gross, before stamp duties, legal and agent fees, mortgage interest and renovation. Realised outcomes of past projects are context, not a prediction for this launch. Full dataset: resale exit dashboard.

Land cost versus comparable sites

What the developer paid for this site, ranked against the sites most like it — same market segment and planning region where we have enough of them, widening only if we do not. Land is the largest single input into a launch price and it is fixed two to three years before the show flat opens. Every tracked site sits on the land cost tracker.

Primary schools within 1km and 2km

MOE primary schools within a straight-line 1km and 2km of this project, with each school's P1 demand tier and phase-by-phase oversubscription ratios from the last completed registration exercise. An address inside a school's 1km band ranks highest whenever that school ballots. Explore every school on the primary schools map.

Map of Penrith and the 4 primary school(s) inside its straight-line 1km and 2km rings. It loads when this section scrolls into view; every school is listed below with its distance.

Primary school1km ring2km ring

Queenstown Primary School≤1km0.09 km (est.)≈ 1 min walkVacancies available · 2026 P1

2A 0.13×2B 0.02×2C 0.73×2C(S) 0.64×

New Town Primary School1–2km1.07 km (est.)≈ 16 min walkVacancies available · 2026 P1

2A 0.03×2B 0.00×2C 0.17×2C(S) 0.13×

Gan Eng Seng Primary School1–2km1.31 km (est.)≈ 20 min walkVacancies available · 2026 P1

2A 0.34×2B 0.00×2C 0.26×2C(S) 0.22×

Alexandra Primary School1–2km1.77 km (est.)≈ 26 min walkVery high demand · 2026 P1

2A 1.05× • ballot PR <1km2B 0.35×2C 1.56× • ballot SC <1km2C(S) —

Phase chips show applicants per place: 1.00× or under every applicant placed, 1.01–1.50× oversubscribed, above 1.50× heavily oversubscribed. Distances are straight-line estimates computed from project and school coordinates and shown to 2 decimal places — they are not the official home-school distance. Walking times use the same model as the nearby-places table above: 80 m/min with a 1.2× allowance for street routing, omitted beyond 2 km. For P1 registration, verify the exact 1km/2km status with the OneMap School Query tool, which applies MOE’s official measurement. No guarantee of accuracy; school demand tiers reflect the 2026 P1 exercise and can change year to year. The tier is read from Phase 2C alone — the round for children with no family link to the school, and the only one where home distance decides who gets in. Very high demand means the 2C ballot cut into citizens within 1km AND at least 1.5 applicants turned up per place. Full map and methodology: primary schools near new launches.