01st Oct, 2025
Hong Leong Holdings Launches Penrith, the First Residential Development in Margaret Drive, Queenstown in Seven Years
Singapore, 1 October 2025 – Queenstown is set to welcome a new landmark with the launch of Penrith, a 462-unit residential development jointly developed by Hong Leong Holdings Limited, Hong Realty (Private) Limited, and GuocoLand Limited. Marking the first private residential launch in Queenstown since 2018, Penrith underscores the rarity of new homes in this legacy estate. It is also Hong Leong Holdings’ second residential development following the 845-unit Commonwealth Towers, launched in 2014 and completed in 2017.
Inspired by the historic market town of Cumbria, England, Penrith draws on English influences in its landscaping and communal space design. From the gardens to the facilities, the development captures the character of heritage architecture and the elegance of English traditions, reinterpreted for modern living.