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PENRITH @ Margaret Drive

Listed by Winnie Lim Hui Nee, Associate Division Director — CEA R061623D (Huttons Asia Pte. Ltd, L3008899K)

Last updated: 19 May 2026

Ownership Type

LeaseholdSee on MapCompare Property

Penrith is a 99-year leasehold high-rise residential development located at 70 , 72 Margaret Drive, Singapore 149926 in District 3.

The development comprises 462 units, developed by GuocoLand / Hong Leong Holdings / Hong Realty, expected top: apr 2031.


Factsheet about Property

Name:
PENRITH @ Margaret Drive
Developer:
Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd.
Type:
Condo
Total Units:
462
Location:
505 Margaret Dr, Singapore
Tenure:
99 Years
Title:
PENRITH @ Margaret Drive

Available Units & Price

Live Price List

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Site Plan

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Schematic Diagram

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Location

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Schools Nearby

🏫 Primary Schools (within close proximity)

Queenstown Primary School

New Town Primary School

Alexandra Primary School

Gan Eng Seng Primary School

Blangah Rise Primary School


🏫 Secondary Schools

Queenstown Secondary School

Crescent Girls’ School (very strong girls’ school nearby)

Bukit Merah Secondary School

Gan Eng Seng School

Queensway Secondary School


🎓 Junior College / Tertiary

National University of Singapore (NUS)

Singapore Polytechnic

Anglo-Chinese Junior College (ACJC)

Singapore Institute of Management (SIM)

MDIS (Management Development Institute of Singapore)


🌍 International Schools (short commute)

Tanglin Trust School

United World College (Dover)

ISS International School

Invictus International School

Dulwich College Singapore


Floor Plan

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Unit Mix

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Frequently asked about PENRITH @ Margaret Drive

Quick answers about the development, tenure, pricing, viewing, and how we work with buyers.

PENRITH @ Margaret Drive is located, at 505 Margaret Dr, Singapore, in District 3 (Alexandra / Commonwealth) of Singapore.
PENRITH @ Margaret Drive is a 99-year leasehold development. Under Singapore's leasehold system, the land reverts to the State at the end of the lease term.
PENRITH @ Margaret Drive is currently under construction. The expected TOP date is set by the developer; register your interest on this page to be notified of construction milestones and the official TOP announcement.
PENRITH @ Margaret Drive is developed by Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited and GuocoLand (Singapore) Pte. Ltd., the appointed Singapore developer responsible for the project's design, construction, and sales.
PENRITH @ Margaret Drive comprises 462 residential units across the development.
Indicative prices at PENRITH @ Margaret Drive start from S$1.79M and range up to S$1.90M. Final prices are confirmed at booking and vary by unit type, floor, and view; contact us via the enquiry form for the latest unit-by-unit price list.
The showflat for PENRITH @ Margaret Drive is reserved for registered viewers. Sign up via the enquiry form on this page and we'll send you the Google Maps location, viewing times, and direct contact for VIP showflat access. Walk-ins without an appointment are typically not permitted.
Yes. Tap the Compare Property button on this page to place PENRITH @ Margaret Drive side-by-side with up to three other developments. The comparison covers price, unit sizes, tenure, developer, and TOP.
Developer-issued discounts at PENRITH @ Margaret Drive change with each phase of release. Speak with our licensed agent via the enquiry form on this page for the latest discount structure, early-bird pricing, and any stamp duty subsidies on offer.
All new launch transactions in Singapore are routed through CEA-licensed salespersons. AI Property represents buyers in negotiation with the developer of PENRITH @ Margaret Drive. To engage us, email hello@aiproperty.sg with your NRIC (front and back), contact number, email address, and the unit number you're interested in.
Submit your contact details via the registration form on this page and our agent will arrange a personalised VIP viewing of PENRITH @ Margaret Drive. VIP viewings cover the showflat, available units, floor plans, and developer pricing not yet public.
Available floor plans, schematics, unit mix breakdowns, and the project factsheet for PENRITH @ Margaret Drive are published on this page as soon as they're released by the developer. Sign up for project updates and you'll be notified the moment new materials go live.
For Singapore citizens and PRs buying a private residential property like PENRITH @ Margaret Drive, the standard minimum down payment under the 75% loan-to-value (LTV) limit is 25% of the purchase price. The first 5% is paid in cash at booking when the developer issues the Option to Purchase (OTP). The remaining 20% is payable when the OTP is exercised, sourced from cash and/or CPF Ordinary Account. Foreigners follow the same 25% down payment structure but cannot use CPF. Speak to our licensed agent for an individual TDSR calculation.
ABSD on a private residential purchase in Singapore including PENRITH @ Margaret Drive is 0% for a Singapore citizen's first property, 20% for a citizen's second, and 30% for a third or more. PRs pay 5% on their first property and 30% on their second. Foreigners pay 60% on any property. ABSD remission is available for couples where one spouse is a Singapore citizen, subject to conditions including selling existing properties within 6 months. Final rates are set by IRAS at the time of purchase.
BSD on PENRITH @ Margaret Drive is calculated on a tiered sliding scale set by IRAS: 1% on the first S$180,000, 2% on the next S$180,000, 3% on the next S$640,000, 4% on the next S$500,000, 5% on the next S$1.5M, and 6% on the amount above S$3M. BSD is payable to IRAS within 14 days of signing the purchase contract. Any Additional Buyer's Stamp Duty (ABSD) is on top of BSD, not instead of it.
To book a unit at PENRITH @ Margaret Drive: (1) Register your interest via the enquiry form on this page. (2) Our agent sends the latest price list, floor plans, and unit availability. (3) Confirm your selection and submit the 5% Option Fee (cheque or PayNow). (4) The developer issues the Option to Purchase (OTP), with the Sale & Purchase Agreement typically delivered within 14 days. (5) Exercise the OTP within roughly 3 weeks of receiving the S&PA by paying the remaining 20% (balance of the 25% down payment) and signing the agreement. The full process from booking to S&PA signing usually takes 3 to 6 weeks.
Monthly maintenance fees at PENRITH @ Margaret Drive are payable to the Management Corporation Strata Title (MCST) once the development is completed. Across Singapore, mass-market new launches typically fall between S$300 and S$800 per month for a 3-bedroom unit, while luxury developments with extensive facilities (concierge, multiple pools, sky lounges) frequently exceed S$1,500 per month. Exact fees depend on unit share value, development size, and facility scope. The first year's contribution is usually paid in advance at completion. Our agent provides the exact MCST budget for PENRITH @ Margaret Drive once the developer publishes it.
Yes. For PENRITH @ Margaret Drive, eligible Singapore citizens and PRs can fund the purchase with a combination of cash, CPF Ordinary Account (OA) funds, and a bank loan, subject to the Total Debt Servicing Ratio (TDSR) cap of 55% of gross monthly income. The standard split is 5% cash + 20% CPF or cash for the down payment, with the remaining 75% via a bank loan. MAS allows a maximum private-property loan tenure of 35 years, but tenures over 30 years (or that extend past age 65) face reduced LTV limits. Foreigners cannot use CPF and must rely on cash plus a bank loan.
Buying PENRITH @ Margaret Drive as a new launch differs from a resale condo purchase in three main ways. First, payment is progressive: instead of paying the full price upfront, payments are staged (5%, 20%, then construction-milestone instalments). Second, new launches ship with the developer's full fittings, warranty, and current building specifications. Third, while Buyer's Stamp Duty and ABSD apply identically to both, new launches give early-bird buyers access to preferred units, floors, and views at the official launch price. Resale condos move faster (immediate possession) but lack the construction-period payment flexibility.