D03 · Margaret Drive · Queenstown
Penrith
462 homes in two 40-storey towers, developed by Margaret Rise Development Pte. Ltd., a joint venture of Hong Leong Holdings, Hong Realty and GuocoLand. The 99-year lease began on 4 November 2024. The site spans approximately 102,497 sq ft.
Project details
- Location
- 70 & 72 Margaret Drive
- District / segment
- D03 · RCR
- Tenure
- 99-year
- Developer
- Hong Leong Holdings, Hong Realty & GuocoLand
- Residences
- 462
- Completion
- Expected TOP 2029
- MRT
- Queenstown
Expected TOP 2029 in the URA pipeline retrieved 12 September 2026; subject to change.
Facilities & surroundings
Sheltered access to Queenstown MRT, a landscaped pool deck, clubhouse and two level-40 roof gardens.
Residence types & layouts
| Residence | Recorded size (sq ft) |
|---|---|
| 2 bedrooms · Type (2)a (76 homes) | 614 |
| 2 bedrooms premium · Type (2)b (78 homes) | 678 |
| 3 bedrooms · Type (3)a (78 homes) | 786 |
| 3 bedrooms · Type (3)b (39 homes) | 850 |
| 3 bedrooms premium · Type (3)c (39 homes) | 936 |
| 3 bedrooms premium · Type (3)d (38 homes) | 1066 |
| 4 bedrooms · Type (4)a (76 homes) | 1173 |
| 4 bedrooms premium · Type (4)b (38 homes) | 1281 |
Original development mix of 462 homes, not remaining inventory. The four quoted prices are historical launch starting prices announced on 1 October 2025; other layouts require a quotation. They do not represent current availability or the development’s maximum price. Areas include balconies where applicable and are subject to final survey.
Prices & viewing
Pricing on request. The interactive project page includes available floor plans and indicative average transacted PSF, based on recent recorded sales across all bedrooms. Confirm current prices, unit availability and viewing arrangements with us.
Explore Penrith →Sources & information status
Project record checked: 12 September 2026. Dates and availability may change.