:: PENRITH (Margaret Drive GLS) ::
Disclaimer: Price is indicative. Info is subject to change by developer without further notice.
GuocoLand, Hong Leong Holdings’ Intrepid Investments and Hong Leong Group’s Hong Realty submitted a top bid of $497 million or $1,154 psf per plot ratio (ppr) for a government land sale (GLS) site on Margaret Drive. The 102,498 sq ft, 99-year leasehold site
The GLS site is also adjacent to SkyOasis @ Dawson, where a premium five-room flat of 1,195 sq ft was sold in June at the record-breaking price of $1.73 million ($1,444 psf).
The last time a GLS site was launched along Margaret Drive was eight years ago. At the close of the tender in December 2016, 14 bids were received. MCL Land won the site with a bid of $238.4 million ($998 psf ppr).
Why Penrith?
✅ Nestled in the heart of Queenstown, Margaret Drive Residences stands as a testament to sophisticated urban living in one of Singapore’s most dynamic neighbourhoods
✅ With approximately 460 meticulously designed units, this residential enclave promises a lifestyle of convenience and luxury
✅ Boasting a location just minutes from the Queenstown MRT station and adjacent to the esteemed Queenstown Primary School, it offers unparalleled accessibility and proximity to essential amenities
✅ Developed by reputable developer - Guocoland-Hong Leong-JV
Key Project Details
• Developer: Guocoland & Hong Leong
• Address: 70, 72 Margaret Drive
• Tenure: 99 Years Leasehold
• Site Area: Approx. 102,498 sqft
• Plot ratio: 4.2
• No. of Units: 462
• No. of Levels: 40
• No. of Parking Lots: tbc
•Est TOP: April 2031
• Unit Mix: 2 Bedroom to 4 Bedroom
Receive first-hand info to receive e-brochure, floor plans, early bird price guide, booking day details. Contact Direct Developer Appointed Sales Team today!
☎️ Carrie 8644XXXX
Disclaimer: Photos are artist impressions and for illustration purpose only. Subject to final amendments
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