Latest Information Update
This research article was updated with the latest information release from developer
- 19 Sep 2025 – Floor plan released from Guocoland – Refer to section on Floor Plan Analysis.
- 30 Sep 2025 – Updated article with link out to Part 2 of research which compares Penrith vs Skye at Holland.
- 01 Oct 2025 – Updated article with latest Starting From Price released by developer. Added Estimated Price Matrix with Valuation Guide.
Check back for more information releases.
Introduction
The Penrith New Launch Condo Review comes at a timely moment in 2025, following the headline-grabbing successes of River Green, Promenade Peak, and Springleaf Residences. Each of these projects drew overwhelming investor interest, setting new benchmark prices for new launches across CCR, RCR and OCR.
In the months ahead, Penrith will join the lineup of major RCR launches, alongside recent entrants such as Orie and The Elta. Being located in a mature and highly sought-after city-fringe district, Penrith is already drawing strong anticipation from both homebuyers and investors eager to secure a new launch in the highly sought after Queenstown neighborhood.
But it is critical to discern marketing hype from real investment merit. This Penrith condo review aims to cut through the marketing noise and assess whether the development is genuinely investable. We approach this with the same rigor as if we were deploying our own capital – carefully weighing location, pricing strategy, unit mix, and long-term investment catalysts.
The objective is simple: to steelman the investment thesis for Penrith, highlighting both opportunities and risks, so readers can make an informed decision grounded in data rather than emotion.
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Key Questions to Ask Before Investing in a New Launch Condo
Before we dive into the specifics of the Penrith New Launch Condo Review, it’s important to first step back and align on the fundamentals. Every investor should ask these critical questions before placing capital in any new launch condo:
1. Who are the future exit buyers?
- Identify the target segments – HDB upgraders, young families, expats, or investors.
- Assess whether these groups are sizable and growing, and whether demand is likely to remain strong in the next 5–10 years.
2. What are the competing alternatives?
- Consider not just other new launches in the vicinity, but also previous cycle new launch projects that are nearing TOP and comparable resale condos in the neighborhood.
- Benchmark against these comparables, give us a gauge of where our target new launch development stands in future buyer’s mind space.
3. What are the potential price catalysts?
- Look for future triggers that could set new benchmark prices – upcoming MRT lines, school relocations, commercial hubs, or neighbouring GLS sites.
4. What is the entry price and quantum?
- Determine whether the new launch is priced at undervalue, fair value, or over value relative to its peers.
- Entry quantum matters as well, if the unit is relatively larger in size, overall purchase quantum may be high impacting future resale buyer affordability.
5. Which unit types are most in demand?
- Demand is not equal across unit mixes.
- Seek to achieve product-market fit by selecting layouts and sizes that future buyers or renters will actively seek out.
6. Is there rental potential?
- For investors planning to rent out the unit while waiting for capital appreciation, check whether the development’s location and unit attributes make it easy to attract tenants.
7. Can I comfortably afford it?
- Finally, even if the investment case is solid, evaluate your own affordability.
- Factor in initial cash and CPF requirements, as well as ongoing mortgage commitments, to ensure financial sustainability.
Basic Information
Penrith is scheduled to launch on 18 October 2025, making it one of the most anticipated RCR developments this year.
As with all our reviews, this article will be continuously updated to reflect the latest information released by the developer. This includes confirmed unit mix, pricing details, and official floor plans. We recommend checking back frequently for the most up-to-date insights on the Penrith new launch review.
| Field | Detail |
| Development Name | Penrith |
| Developer | Intrepid Investments Pte. Ltd., Hong Realty (Private) Limited & GuocoLand (Singapore) Pte. Ltd. |
| Location | Margaret Drive, Queenstown |
| District | D03 |
| Neighbourhood | Queenstown |
| No. of Units | 460 |
| No. of Blocks | 1 |
| Tenure | 99 years |
| Nearest MRT | Queenstown (EW19) |
| Nearest School(s) | Queenstown Primary School; New Town Primary; Alexandra Primary; Gan Eng Seng Primary |
| Expected TOP | 2029 |
| Site (sqm) | 9,522.3 sqm |
Location Analysis
Penrith benefits from several locational strengths, though it also faces some weaknesses compared to surrounding projects.
Strengths
- Sought-after city fringe location in a mature RCR district with proven buyer demand, similar to the strong demand seen in Stirling Residences (Queenstown), Orie (Toa Payoh), and Clavon (Clementi).
- Scarcity of new launch supply in RCR districts often leads to pent-up demand.
- Strong upgrader demand from HDB and BTO owners, with million-dollar HDB transactions in the area fueling purchasing power.
- Additional demand from condo upgraders in less central districts looking to move closer to the city fringe.
- First-time buyer appeal from affluent PRs and young couples without children, who value city-fringe living and are less concerned about proximity to schools.
- Approximately 700m (about 5 minutes’ walk) to Queenstown MRT, providing direct access to the East-West Line.
Weaknesses
- Strong competition from Stirling Residences, a larger development with efficient layouts and strong resale appeal.
- Other nearby resale alternatives – Queens Peak and Commonwealth Towers – are closer to Queenstown MRT (1–3 minutes’ walk vs Penrith’s 5 minutes).
- Smaller scale of 460 units compared to Stirling Residences’ 1,259 units, limiting facilities and future resale liquidity.
- No reputable primary school within 1km, which may reduce appeal among families with young children.
Proximity to MRT
| Condo | Walking Distance to Queenstown MRT |
| Penrith | ~5 minutes walk (~700 m) |
| Queens Peak | ~1 minute walk (directly connected) |
| Commonwealth Towers | ~1 minute walk |
| Stirling Residences | ~3 minutes walk (~300 m) |
Proximity to School
| Nearest School | Distance |
| Queenstown Primary School | ~0.1 km |
| New Town Primary School | ~0.9 km |
| Alexandra Primary School | ~1.0 km |
| Gan Eng Seng Primary School | ~1.5 km |
HDB Upgrader Demand
Competing Condo development
Exit Buyer Analysis
From our research into Queenstown and other city-fringe RCR districts such as Clementi and Toa Payoh, the future resale market for Penrith will be driven by these exit buyer groups:
- HDB Upgraders: Owners from Queenstown, Redhill, and Commonwealth who have sold their million-dollar HDB flats and are redeploying capital into a private condo within the same familiar neighbourhood.
- Condo Upgraders: Buyers from older condos in Queenstown, Redhill, Buona Vista, and Clementi seeking a newer project with stronger facilities, younger lease life, and better investment attributes.
- Couples Without Kids: Young buyers drawn to 2-bedroom or compact 3-bedroom units who are less concerned with school proximity.
- PR Couples Without Kids: Affluent permanent residents who value centrality and familiarity with the Queenstown location.
- Second-Property Investors: Investors attracted by the strong rental demand in the area, typically targeting smaller 2-bedroom units for their higher rental yields.
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Resale Demand Analysis
The goal of this section is to evaluate the health of resale demand for private condos in Queenstown, which serves as a key proxy for Penrith’s future investment potential. We use Annualised Capital Gain % as the benchmark, where an average of above 3% is considered healthy resale demand.
Overall, Queenstown shows strong resale demand, with most projects achieving annualised capital gains above the 3% threshold.
- Stirling Residences: Leads the market at 4.4% annualised capital gain. Its newer age and efficient layouts make it highly attractive to buyers.
- Older/Boutique Condos (Alexis, Queens, The Anchorage): Still perform well, with gains between 3.3% and 4.1%, signaling broad-based demand across both newer and older developments.
- Queens Peak & Commonwealth Towers: Underperform slightly with gains of 2.5%–2.9%. However, this weakness is not due to lack of demand, but rather layout inefficiencies in smaller 1- and 2-bedroom units, such as odd-shaped balconies and the absence of enclosed kitchens.
Taken together, the data indicates that resale demand in Queenstown is healthy. The slight underperformance of some projects highlights the importance of unit type and layout selection, which we will examine in greater detail in the next section on Unit Type Demand Analysis.
| Project Name | Tenure | Completion | No of units | Avg Price (S$ psf) | Annualised Capital Gain (%) | % of Profit-able Txn |
| STIRLING RESIDENCES | 99 yrs FROM 2017 | 2022 | 1,259 | 2,338 | 4.4 | 100 |
| MARGARET VILLE | 99 yrs FROM 2017 | 2021 | 309 | 2,186 | 2.6 | 100 |
| Queens Peak | 99 yrs FROM 2015 | 2020 | 736 | 2,183 | 2.9 | 100 |
| COMMONWEALTH TOWERS | 99 yrs FROM 2013 | 2017 | 845 | 2,185 | 2.5 | 96.6 |
| ALEXIS | Freehold | 2012 | 293 | 1,722 | 3.3 | 77.3 |
| QUEENS | 99 yrs FROM 1998 | 2002 | 722 | 1,709 | 3.8 | 100 |
| THE ANCHORAGE | Freehold | 1997 | 775 | 1,926 | 4.1 | 64 |
| QUEENSWAY TOWER | Freehold | 1976 | 78 | 1,385 | 4 | 100 |
Unit Type Demand for the Area
To identify the most profitable unit types in Queenstown, we examine both average profit and holding duration across key developments. This granular view highlights which unit sizes perform best and offers insight into the buyer demographics driving demand.
2-Bedroom Units
- The staple choice in Queenstown.
- Achieved average profits ranging from $245K to $289K over a 5–6 year holding period.
- Reinforces the thesis that demand is strong from affluent couples without children and second-property investors.
- On the ground, we continue to see consistent buyer interest in 2-bedroom units, especially from investors who have decoupled their property to purchase a 2nd investment property.
3-Bedroom Units
- Show robust resale demand, which is less common in RCR districts not anchored by top schools.
- Indicative of strong demand from HDB upgraders and condo upgraders seeking family-sized homes.
- In Stirling Residences, 3-bedroom units achieved an impressive average profit of $511K.
4-Bedroom Units
- Surprisingly strong demand, again led by upgrader families prioritizing larger spaces in a city-fringe location.
- At Stirling Residences, 4-bedroom units recorded an average profit of $927K, outperforming many OCR family-centric projects.
Stirling Residences
| Bedrooms | Average Profit ($) | Average Annualised Capital Gain (%) | Average Holding Period (Years) |
| 1 | 184,758 | 4.0 | 5 |
| 2 | 289,035 | 4.7 | 5 |
| 3 | 511,057 | 6.3 | 4 |
| 4 | 927,714 | 6.6 | 5 |
Queens Peak
| Bedrooms | Average Profit ($) | Average Annualised Capital Gain (%) | Average Holding Period (Years) |
| 1 | 183,209 | 3.7 | 6 |
| 2 | 245,111 | 3.3 | 6 |
| 3 | 344,577 | 3.7 | 5 |
| 4 | 403,568 | 3.4 | 4 |
| 5 | 1,028,944 | 3.9 | 8 |
Commonwealth Towers
| Bedrooms | Average Profit ($) | Average Annualised Capital Gain (%) | Average Holding Period (Years) |
| 1 | 103,965 | 1.8 | 7 |
| 2 | 254,569 | 2.7 | 7 |
| 3 | 404,156 | 4.1 | 6 |
| 4 | 509,533 | 3.9 | 6 |
Demand and Supply Analysis
Understanding which unit types are profitable is only part of the story. To validate the investment case, we also need to check if demand and supply dynamics in Queenstown are aligned with these trends. Demand is measured by historical transaction volumes, while supply is reflected by active PropertyGuru listings. The smaller the supply-to-demand ratio, the more scarce the unit type.
2-Bedroom Units
Despite being the most common configuration, 2-bedroom units show a healthy balance between demand and supply. This reflects their status as the “go-to” choice in Queenstown for both couples without children and second-property investors. Liquidity in this segment remains strong.
3-Bedroom Units
Resale demand for 3-bedroom units is robust, while supply remains tight. This scarcity is unusual for an RCR location not anchored by top schools, and it highlights strong upgrader interest from HDB and condo owners transitioning into larger family-friendly layouts.
4-Bedroom Units
Even rarer than 3-bedders, 4-bedroom units are particularly scarce in Queenstown. With supply lagging far behind upgrader demand, this segment has one of the healthiest setups in the district. For buyers who can stretch their budget, 4-bedroom units can be a unit type to consider.
Stirling Residences
| Bedrooms | Sales Volume (Demand) | Sales Listing (Supply) – Property Guru | Ratio : Supply / Demand |
| 1 | 46 | 46 | 1.0 |
| 2 | 212 | 50 | 0.2 |
| 3 | 47 | 16 | 0.3 |
| 4 | 7 | 0 | 0.0 |
Queens Peak
| Bedrooms | Sales Volume (Demand) | Sales Listing (Supply) – Property Guru | Ratio : Supply / Demand |
| 1 | 79 | 30 | 0.4 |
| 2 | 57 | 8 | 0.1 |
| 3 | 52 | 10 | 0.2 |
| 4 | 5 | 3 | 0.6 |
| 5 | 2 | 0 | 0.0 |
Commonwealth Towers
| Bedrooms | Sales Volume (Demand) | Sales Listing (Supply) – Property Guru | Ratio : Demand vs Supply |
| 1 | 118 | 43 | 0.4 |
| 2 | 71 | 12 | 0.2 |
| 3 | 49 | 4 | 0.1 |
| 4 | 9 | 0 | 0.0 |
Latest Starting From Price Released By Developer
Refer to the table below for latest starting from price – released 02 Oct 2025.
Price starts from $2,435 psf for smallest 2 bed 1 bath units, from $2,510 for 3 bedroom units and from $2,624 for 4 bedroom units.
For those uninitiated to developer’s new launch pricing strategy, take the starting from price with a pinch of salt. These often feature limited units located in the lowest floor and least premium stack, pricing at a lower than average launch price for the purpose of marketing.
Nonetheless, it provides a useful pricing benchmark for us to estimated average launch price. Referencing this we will make our projection for estimated launch price in the table below.
Source : Edgeprop
Latest Starting From Price as a Proxy for Average Launch Price Estimation
| Bedroom Type | Size (sqft) | Purchase Quantum (Starting From) | Price PSF (Starting From) |
| 2 Bed | 614 | 1,495,000 | 2,435 |
| 2 Bed Premium | 678 | 1,665,000 | 2,456 |
| 3 Bed | 786 | 1,973,000 | 2,510 |
| 4 Bed | 1,173 | 3,078,000 | 2,624 |
Estimated Average Launch Price (Most Updated)
Estimated average launch price : $2,600 psf to $2,900 psf
Entry Price Valuation Guide
With the estimated average launch price establish, we seek to establish a comparison with relevant comparable new launch benchmark prices to derive a entry price valuation guide.
Comparable New Launches
| New Launch Development | Average Psf | Benchmark |
| River Green | 3,116 | Lower Bound Benchmark |
| Promenade Peak | 2,965 | Upper Bound Benchmark |
| The Orie | 2,731 | Comparable |
| Elta | 2,548 | Comparable |
| Lyndenwoods | 2,460 | Lower Bound Benchmark |
Entry Price Valuation Guide
| Final Estimated Launch Price Ranges | Price Bands |
| Over Value | Anything above $2,900 psf |
| Fair Value | $2,600 – $2,800 psf |
| Under Value | Anything below $2,600 psf |
Estimated Price Quantum Matrix with Entry Price Guide
Taking this one step further to create a reference for our readers to have guide on what are different viable entry price quantum and psf price range, we created the estimated price matrix below.
Price Comparison vs Comparable Resale Condo and New Launches
To further assess the viability of Penrith’s projected launch pricing, it is useful to compare against two benchmarks:
- Comparable resale developments in the Queenstown area – Stirling Residences, Queens Peak, and Commonwealth Towers. These form the lower-bound benchmark, as resale condos typically trade below new launches.
- Comparable new launches such as Orie, The Elta, and River Green. These projects form the upper-bound benchmark, as they represent the current market pricing for RCR and CCR launches in 2025.
By situating Penrith within these two reference points, we can gauge whether its launch pricing is fair, attractive, or stretched relative to peers.
Benchmark Insights
If Penrith were to launch at an estimated $2,700 psf, with unit sizes comparable to River Green, the overall purchase quantum would be compelling. At this level, Penrith’s pricing would sit very close to the lower-bound benchmark of Stirling Residences (resale), narrowing the typical gap between resale and new launch projects.
This would position Penrith as an attractive entry point – buyers secure a brand-new development at pricing levels that are not far off from resale comparables, while still benefiting from the upside associated with fresh lease life and newer facilities.
Key Takeaway
- At $2,700 psf, Penrith presents strong value relative to both resale and new launch peers.
- Pricing close to Stirling Residences enhances its appeal for investors and upgraders, as it combines new launch attributes with resale-like affordability in terms of purchase quantum.
- Any movement significantly above $2,900 psf, however, would erode this comparative advantage and shift Penrith into overvalued territory.
2 Bedroom Price Comparison
| Development | Lease Start Year | Bedroom Type | Average Size | Average Psf | Average Purchase Quantum |
| Resale Comparison | |||||
| Stirling Residences | 2017 | 2 | 676 | 2,274 | 1,536,735 |
| Queens Peak | 2015 | 2 | 719 | 1,997 | 1,436,101 |
| Commonwealth Towers | 2013 | 2 | 729 | 2,042 | 1,489,370 |
| Penrith | 2025 | 2 | 576 | 2,700 | 1,555,200 |
| New Launch Comparison | |||||
| The Orie | 2025 | 2 | 661 | 2,821 | 1,865,448 |
| Elta | 2025 | 2 | 684 | 2,561 | 1,750,922 |
| River Green | 2025 | 2 | 576 | 3,085 | 1,776,862 |
3 Bedroom Price Comparison
| Development | Lease Start Year | Bedroom Type | Average Size | Average Psf | Average Purchase Quantum |
| Resale Comparison | |||||
| Stirling Residences | 2017 | 3 | 985 | 2,251 | 2,216,906 |
| Queens Peak | 2015 | 3 | 910 | 2,129 | 1,937,067 |
| Commonwealth Towers | 2013 | 3 | 991 | 2,046 | 2,027,424 |
| Penrith | 2025 | 3 | 830 | 2,700 | 2,239,731 |
| New Launch Comparison | |||||
| The Orie | 2025 | 3 | 945 | 2,711 | 2,560,706 |
| Elta | 2025 | 3 | 948 | 2,605 | 2,469,910 |
| River Green | 2025 | 3 | 830 | 3,138 | 2,602,673 |
4 Bedroom Price Comparison
| Development | Lease Start Year | Bedroom Type | Average Size | Average Psf | Average Purchase Quantum |
| Resale Comparison | |||||
| Stirling Residences | 2017 | 4 | 1,346 | 2,383 | 3,206,941 |
| Queens Peak | 2015 | 4 | 1,507 | 1,927 | 2,903,386 |
| Commonwealth Towers | 2013 | 4 | 1,302 | 2,005 | 2,610,944 |
| Penrith | 2025 | 4 | 980 | 2,700 | 2,646,000 |
| New Launch Comparison | |||||
| The Orie | 2025 | 4 | 1,270 | 2,592 | 3,290,483 |
| Elta | 2025 | 4 | 1,272 | 2,435 | 3,096,408 |
| River Green | 2025 | 4 | 980 | 3,187 | 3,123,260 |
Rental Yield Analysis
Rental performance is a critical consideration, especially for investors planning to lease out their units while waiting for capital appreciation. In Queenstown, rental demand has historically been strong, driven by its proximity to the CBD, one-north business hub, and established city-fringe amenities.
Across the board, most developments in the area are achieving healthy rental yields above 3%, which is considered strong by RCR standards. This positions Penrith favorably, as it benefits from the same locational drivers that sustain robust tenant demand.
| Project Name | Tenure | Completion | No of units | Rental Yield (%) |
| QUEENSWAY TOWER | Freehold | 1976 | 78 | 2.5 |
| QUEENS | 99 yrs FROM 1998 | 2002 | 722 | 3.5 |
| ALEXIS | Freehold | 2012 | 293 | 4.6 |
| THE ANCHORAGE | Freehold | 1997 | 775 | 2.4 |
| Queens Peak | 99 yrs FROM 2015 | 2020 | 736 | 4 |
| COMMONWEALTH TOWERS | 99 yrs FROM 2013 | 2017 | 845 | 4.1 |
| MARGARET VILLE | 99 yrs FROM 2017 | 2021 | 309 | 3.8 |
| STIRLING RESIDENCES | 99 yrs FROM 2017 | 2022 | 1,259 | 3.7 |
Penrith vs Skye at Holland: A Side-by-Side Investor Comparison
In market for both Penrith and Skye at Holland ?
For buyers considering both Penrith and Skye at Holland, the decision feels like a dilemma each project offers a sound investment thesis but appeals to different buyer pools. Part 2 of this research tackles that head-on by breaking down the strengths, weaknesses, and positioning of Penrith vs Skye at Holland in a structured side-by-side review.
Similiarly we conducated another side by side analysis on Zyon Grand vs Penrith.
Investment Proposition Summary
Bringing together the findings from our analysis, we can now crystalise the investment thesis for Penrith.
Investment Case – For It
- Strong exit buyer demand from a diverse audience: HDB upgraders, condo upgraders, first-time homebuyers, and second-property investors.
- Healthy resale demand proven by Stirling Residences, with annualised gains above 4%.
- Rental yields are not a concern – most projects in the area sustain above 3% yields, which is attractive for RCR standards.
- Strong locational fundamentals: Penrith sits in a highly sought-after city-fringe RCR district with proven demand.
- Limited competition from new developments; Stirling Residences is the only major comparable competitor.
- Potential price catalysts from future GLS land sales and upcoming premium BTO projects in the area.
- Continued upward trajectory of million-dollar HDB resale transactions in Queenstown, which fuels upgrader demand for private condos.
- Proven family homestay demand for larger 3- and 4-bedroom units, which have shown exceptional profitability in nearby projects.
Investment Case – Against It
- Stirling Residences remains a formidable competitor, offering the scale of mega development, efficient layouts, and strong resale demand.
- Investment viability hinges heavily on launch pricing. If Penrith’s PSF or purchase quantum is significantly higher than Stirling Residences, the relative value may be diminished.
- Lack of reputable primary schools within 1km is a disadvantage for buyers who prioritize educational proximity alongside investment goals.
Drop us a text if you are looking for a structured process to shortlist ideal new launch condo developments for investment purposes
Price Catalyst
Given that Queenstown is a mature RCR district, there are no major URA transformations impacting the location. The key price catalyst will come from these 2 plots of GLS land scheduled for residential redevelopment, potentially adding on the pipeline of HDB upgraders and potentially leading to a future new launch that will help set new benchmark price for Penrith.
Plot Density Comparison
Penrith is expected to be less dense than nearby mega projects like Stirling Residences. This means fewer units sharing the same land area, allowing for more communal space and a stronger sense of exclusivity – a subtle but positive factor for long-term resale appeal.
| Development Name | Land Size (sq ft) | No. of Units | Site Area per Unit (sq ft) |
| Penrith | 102,498 | 460 | 223 |
| Stirling Residences | 227,223 | 1,259 | 181 |
| Commonwealth Towers | 126,861 | 845 | 150 |
| Queens Peak | 113,194 | 736 | 154 |
Floor Plan Analysis
2 Bedroom Premium Floor Plan – Comparison with Key Competing Development
- Very strong 2 Bed Premium layout
- Overall size – Very competitive when compared against both Stirling Residences and significantly outperform Queens Peak. The idea is that within a smaller 678 sqft post harmonised layout that does not include AC ledge into square footage permutation.
- Penrith’s developer is able to incorporate a enclosed kitchen, a well size balcony and decent sized bedrooms. This meant that overall quantum will remain affordable even when multipied with higher PSF pricing due to smaller overall square size.
Comparison Against Stirling Residences
- Parity in terms of layout efficiency. Both Penrith and Stirling Residences has equally efficient layout
- Penrith has a edge in terms efficiency given that it is a post GFA harmonisation project that does not take aircon ledges into its 678 sqft floorplan permutation, as compared to Stirling Residences which includes aircon. This meant that Penrith investors are paying for more usable space and not aircon ledges.
- Both contain layout comprise of a enclosed kitchen which is a competitive advantage for 2 bedroom units.
- Both layout comprise of a efficient dumb bell layout that allows for maximum privancy in the master bedroom.
- Limited wasted space along corridor, another plus point is the limited wasted space along corridors
Comparison Against Queens Peak
- Significant advantage over Queens Peak 2 Bedroom Premium Unit
- Penrith has a smaller overall size with a significantly more efficient layout when compared with Queens Peak 775 sqft layout.
- Queens Peak 2 Bedroom unit feature multiple red flags in terms of layout efficiency for its 2 bedroom premium unit. This comprises of a large and irregular shaped balcony that eats into practical indoor usable space. The lack of segregation between masterbedroom and bedroom 2 resulting in comprised privacy for master bedroom.
- Penrith has an enclosed kitchen while Queens Peak feature the usual open concept kitchen typical of 2 bedroom units.
3 Bedroom Compact Floor Plan – Comparison with Key Competing Development
- Competitive 3 Bedroom compact layout
- Key edge over two other key competiting developments in Queens Town lies in its smaller overall sized yet maintaining all the necessary attribute that competing development possesses and buyer demand. Like a enclosed kitchen, well sized bedrooms and a regular shaped balcony that is not oversized.
Comparison Against Stirling Residences
- Parity in terms of all attribute.
- Only downside for Penrith is the prolonged corridor walkway from the entrance to kitchen and living room. This results in minor inefficient use of space, can be potentially mitigated with the building of cabinetry for storage depending on the actual width of the corridor.
Comparison Against Queens Peak
- Similiar, parity across all attribute
- But Penrith trumps Queens Peak in terms of overall size. But packing all the necessary attributes within a compact 786 sqft not accounting for any aircon ledges, compared with Queens Peak sizable 840 sqft layout which includes sizeable and unusable aircon ledges.
3 Bedroom Premium Floor Plan – Comparison with Key Competing Development
- Objectively speaking, Penrith have a superior 3 Bedroom Premium product, given that we hate making sales pitches, do not take our word for it, review the pointers below to arrive at your own view.
- Again, from a overall size perspective, it trumps both Stirling Residences and Queens Peak. At 1066 sqft, Penrith possess all the attributes that a family buyer will go for, yard, sizeable enclosed kitchen, store room and a decent sized balcony that you can zip trak to transform into a dining area.
- Comparing this with the 1055 sqft unit in Stirling Residences and 1001 sqft unit in Queens Peak, which accounts for significant space being allocated to aircon ledges, the actual usable space for units in both Stirling and Queens Peak is much lesser compared to Penrith.
Comparison Against Stirling Residences
- Balcony, a much more functional and efficiently sized balcony as compared with Stirling Residences. On the ground, from our experience buyer tends to prefer more indoor usable space as compared to balcony and the cost of zip traking the entire balcony will be much lower in Penrith as compared to the larger Stirling Residences’ balcony
- AC Ledge, for Stirling out of the 1055sqft space at least 55 sqt is being accounted for by AC ledge, whereas in Penrith case you are paying for pure livable space without AC ledge.
- Yard with window, Penrith unit comes with a yard attached to the enclosed linked to a window, this significantly improve liveability as it can be turned in a laundry area, whereas Stirling Residences’ unit do not come with a yard.
Comparison Against Queens Peak
- Penrith’s 3 bedroom premium unit has significant advantage over Queens Peak 3 bedroom premium product
- Queens peak has significant downside in its oversized and irregular shaped balcony
- Queens peak open kitchen for its 3 bedroom unit is another factor that needs to be dealt with as well. As most 3 bedroom unit owner would be looking for a functional kitchen for daily cooking.
- The inproportional allocation of space between living room vs balcony is much more appealing for Penrith as compared to Queens Peak.
Due to the multiple layout permutation available we are only covering the main layouts that most investors will be looking at. If there is a layout that you would like us to have a 2nd look into drop us a text.
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More Read Regarding New Launch Condo Investing
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- Full List of 2026 New Launch Condos to Look Out For in Singapore
- Latest List of Upcoming 2025 New Launch Condo – Worth looking out for ?
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Frequently Asked Questions (FAQ)
When is Penrith expected to launch?
Penrith is scheduled to launch on 18 October 2025, with details on pricing, unit mix, and floor plans to be released closer to the date.
What is the estimated launch price for Penrith?
The estimated launch price is projected at $2,600–$2,800 psf. Anything above $2,900 psf may be considered overvalued, while pricing below $2,600 psf would be attractive.
Who are the likely buyers of Penrith units?
Likely buyers include HDB upgraders from Queenstown, Redhill, and Commonwealth, condo upgraders from older projects, young couples, and second-property investors.
How does Penrith compare to nearby resale condos like Stirling Residences?
If Penrith launches near $2,700 psf, it would be priced close to resale comparables like Stirling Residences, offering strong value relative to its new-build status.
Is rental demand strong in the Queenstown area?
Yes. Rental yields in Queenstown are generally above 3%, supported by proximity to the CBD, one-north, and other employment hubs.
Are larger units (3- and 4-bedroom) in demand in Queenstown?
Yes. While 2-bedroom units remain the staple, 3- and 4-bedroom units have shown strong profitability and scarcity-driven demand among upgrader families.
