Penrith FAQ and payment schedule

Pricing as of 01 November 2026. Subject to changes by developer. In the availability list I have, 3 units are still for sale, from $1,788,000. By layout: 2a from $1,788,000. Sold out: 2b, 3a, 3b, 3c, 3d, 4a, 4b. Every unit's price is in the unit finder on the home page. Units sell every day, so ask me to check one before you decide.

In the developer's availability list as of 1 November 2026, 3 of the 462 homes are still for sale, so 459 have been sold since the launch on 18 October 2025. The units still for sale are shown in the unit finder.

Yes. The remaining units are sold one by one. Ask me to check that the unit you want is still available, then we visit the sales gallery to book it with the 5% booking fee. How to buy now.

When the option to purchase is granted, you pay a 5% booking fee in cash. A further 15% is due eight weeks from the option date, when you sign the sale and purchase agreement, in cash, CPF or both. Buyer's stamp duty (and ABSD if it applies to you) and the legal fees also fall due around then, and can be paid in cash or CPF.

Penrith is still being built, so it follows the standard progressive payment scheme for uncompleted private homes: you pay in stages as construction progresses.

*With a 75% bank loan you pay the first 25% yourself: 5% + 15% + the first 5% of the foundation stage. The loan covers the rest as each stage is completed. If you buy after some stages are already done, the payments for those stages fall due together soon after you sign. Work out the amounts for a specific price with my payment schedule calculator.

The 5% booking fee must be paid in cash. After that, the 15% at the sale and purchase agreement, the stamp duties, the legal fees and the later instalments can be paid from your CPF Ordinary Account, within CPF's usage limits.

The developer estimates $424.80 a month for every 2- and 3-bedroom home and $495.60 for the 4-bedroom and 4-bedroom premium homes. The actual fees will be set by the management corporation after completion.

Margaret Rise Development Pte Ltd, a joint venture of Hong Leong Holdings (through Intrepid Investments and Hong Realty) and GuocoLand, which together also developed Lentor Hills Residences, Lentor Mansion and Lentor Central Residences. The architect is ADDP Architects, the interior designer AXIS.ID, the landscape designer Coen Design International and the main contractor Lian Beng Construction.

99-year leasehold from 4 November 2024.

The developer expects to hand over the keys around 1 April 2029, on a non-committed basis; the sale and purchase agreement gives vacant possession no later than 1 April 2031, and legal completion no later than 1 April 2034 (or 3 years after vacant possession, whichever is earlier).

462 homes in two 40-storey blocks, Blocks 70 and 72, with six homes on each floor, on a site of about 9,522 sqm. The development also has a preschool (an early childhood development centre) on the 1st storey.

2-bedroom (2a, 614 sqft, 76 units), 2-bedroom premium (2b, 678 sqft, 78), 3-bedroom (3a, 786 sqft, 78, and 3b, 850 sqft, 39), 3-bedroom premium with a yard (3c, 936 sqft, 39, and 3d, 1,066 sqft, 38), 4-bedroom (4a, 1,173 sqft, 76) and 4-bedroom premium (4b, 1,281 sqft, 38). See all floor plans.

The blocks face north and south, about 60 to 65 m apart. Stacks 03 to 05 of Block 70 face north, over Margaret Drive to the bungalows of Ridout Park and Ridley Park; stacks 07, 08 and 12 of Block 72 face south, towards the Strathmore Avenue HDB blocks about 45 m away; and the inner rows (01, 02 and 06, and 09 to 11) face each other across the lake pool. The end stacks also have a west or east side. Filter the unit finder by side.

Level 40 above stacks 03 to 05 and 09 to 11 is the roof garden. Stacks 01, 02, 06, 07, 08 and 12 have homes on level 40.

Electrolux hoods, hobs (induction in the 2-bedroom and 3a/3b homes, gas in the 3c, 3d and 4-bedroom homes), ovens and laundry (a separate washer and dryer in the 3d and 4-bedroom homes), a Samsung fridge, a Franke sink, Graff taps and showers, Roca sanitary ware, porcelain tiles in the living areas and engineered timber in the bedrooms, and a smart home system with a digital lock and smart air-con control. See the finishes.

377 in all: 228 in the basement and 142 in a 2-storey car park (12 of them for electric cars), 4 accessible lots, and the preschool's own lots on the 1st storey. There are 116 bicycle lots.

A lake pool of about 825 sqm with spa seats and a wading deck, a 2-storey clubhouse with two function rooms, a library, a reading room, a gym, a games room and a barbecue terrace, a tennis court, a children's play zone with a splash pool, a playground and a camping ground, fitness zones, English-style gardens with a water lily pond and a rose sanctuary, and roof gardens on level 40.

The developer times the walk to Queenstown MRT (EW19) at about 3 minutes 51 seconds by the shortest route, along the park connector, and about 4 minutes 12 seconds fully sheltered. From there Buona Vista is two stops and Raffles Place five. More on the location.

Queenstown Primary School is next door, well within 1 km. New Town, Gan Eng Seng and Alexandra Primary are 1 to 2 km away. With vacant possession by 1 April 2031 at the latest, the address can be used from the 2029 P1 registration if the date in your sale and purchase agreement is by 31 December 2031. More on the schools.

Margaret Drive to the north, with the bungalows of Ridout Park beyond; Queenstown Primary School to the west; SkyVille@Dawson and SkyOasis@Dawson to the east; and the Strathmore Avenue HDB blocks, the Church of the Good Shepherd and the Alexandra Canal park connector to the south.