Prices at Penrith are expected to start from $2,437 psf. The highly anticipated development is also the first private residential launch in Queenstown since 2018, marking a new milestone for the district’s real estate landscape. Public previews to start on Friday, October 3, 2025 – providing prospective buyers an opportunity to get a preview of this extraordinary and luxurious property. “The construction of Penrith is progressing at a good pace, and we look forward to transforming this site into a modern place for the young and old,” he added.
Penrith is a 462-unit luxury condominium building consisting of two lovely 40-storey towers. The development offers a mix of sizes suitable for all types of dwellers from two, three to four bedroom units sizing between 614 square feet and 1,173 square feet. Designed with consideration, it appeals to the young couple wanting a contemporary lifestyle and also the larger family requiring space. Betsy Chng, Hong Leong Holdings’ head of sales and marketing said: “Some choice high-floor units will also command stunning views across the city skyline literally taking your breath away while some others offer clear, unblocked vistas out to lush greenery all around… an extraordinary way to live.”
Penrith pricing has been designed to suit a range of purchasers. Two-bedroom units are priced from $1.495 million ($2,437 psf), and a premium two-bedroom unit starts at $1.665 million ($2,455 psf). The types currently being offered are the three-bedroom layout (from $1.973 million or $2,511 psf) and larger four-bedroom format (from $3.078 million or $2,623 psf).
Peninsular Penrith stands out from the rest with an endless list of first-class conveniences that will enhance the lives of its community. The development will also house an early childhood development centre with its own drop-off pick-up area for easy access for young families. The clubhouse, also two-storey in nature under the condo promises a pair of multi- purpose function rooms and two dynamic social halls that spill out into dedicated roof gardens on top of each tower with outdoor barbecue stations and al fresco dining amidst multiple pools.
Scheduled for completion in April 2029, Penrith is expected to achieve BCA’s Green Mark Platinum certification – demonstrating its commitment to sustainability and energy efficiency. The development sits on a huge 102,498-square-foot site purchased at a GLS sale in August 2024 for $497 million or $1,154 psf ppr.
This is especially so as it marks the first private residential release in Queenstown since 2018′ as Margaret Ville and Stirling Residences, the last two launched in that estate sold out rapidly after launch. The past precedent of such developments, as well as Queenstown’s comparative offers – Proximity to CBD, proximity to Orchard Road and to active lifestyle centres too, points towards a high demand for Penrith.
Hong Leong’s Chng was positive that purchasers will fall in love with Penrith, why there is something unique about the development as it is located in a mature neighbourhood and has good connectivity. The condo is within proximity to reputable schools like Queenstown Primary School, New Town Primary School, Queensway Secondary School and Crescent Girls’ School as well as shopping centers including Margaret Drive Hawker Centre, IKEA Alexandra, Anchorpoint and Queensway Shopping Centre. The location next to them allows for a carefree, connected lifestyle.
Penrith is Hong Leong’s second project in the pulsating Queenstown area after the success of Commonwealth Towers in 2014. This development has a track record of strong appreciation levels upon resale, indicating ongoing demand for quality housing options in the region. With few new homes being constructed in this sought- after estate, the excitement surrounding the release of Penrith is heightened for homebuyers and investors alike seeking a slice of Queenstown’s developing precinct.
