Singapore, 18 October 2025 – As at 4pm today, 97% or 447 units of the 462-unit Penrith were snapped up at prices ranging from S$2,435 to $3,088 per square foot (psf). The project is jointly developed by Hong Leong Holdings Limited, Hong Realty and GuocoLand Limited. This marks the first private residential launch in Queenstown since 2018 and Hong Leong Holdings’ second development in the estate.

The 99-year leasehold development sits on a 102,497 square foot (sq ft) site and comprises two 40-storey towers. All unit types were well-received with Singaporeans making up the bulk of buyers at more than 90% and Permanent Residents and foreigners accounting for the rest.

Ms Betsy Chng, Head of Sales and Marketing at Hong Leong Holdings, said, “The strong response reflects Penrith’s appeal as a rare and quality home in the popular Queenstown estate, a neighbourhood prized for its comprehensive amenities, city-fringe location, and excellent connectivity that offer lasting value to homeowners. With functional layouts and the convenience of a vibrant lifestyle right at residents’ doorstep, Penrith is especially attractive to today’s homebuyers.”

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