Penrith Pricing Review: How It Compares To Nearby Resale And New Launches

Penrith launches at $2,437 psf, making it the highest-priced project in Queenstown today. At first glance, this positions it above nearby comparables such as Queens Peak, Margaret Ville, and Stirling Residences. But the headline $PSF alone doesn’t tell the full story. Thanks to compact and efficient layouts, Penrith’s overall quantum remains competitive, with many two- and three-bedder units sitting squarely in the mid-range compared to its neighbours, while four-bedders are priced at levels that still look accessible by today’s standards.

On a broader scale, Penrith’s pricing is lower than several recent OCR and RCR launches. That’s significant: it means buyers who might otherwise have considered fringe or suburban projects now have the option of a city-fringe address at a comparable entry point. For HDB upgraders in Queenstown, Clementi, or Bukit Merah (many sitting on strong paper gains), that makes Penrith a viable opportunity to buy into a mature, well-connected neighbourhood.

This mix of “highest locally, but competitive regionally” makes Penrith less about whether buyers will pay a premium, and more about how they perceive value in today’s market. Is Penrith overpriced for Queenstown, or underpriced when measured against the wider pool of launches in 2025? Let’s take a closer look. 

Quick Summary

• Penrith launches with starting prices from $2,437 psf, the highest in its immediate area but still competitive in overall quantum thanks to compact, efficient layouts.
  
• Compared to nearby resale projects like Queens Peak, Margaret Ville, and Stirling Residences, its two- and three-bedders are mid-priced, while the four-bedders remain relatively accessible.
  
• On a broader scale, Penrith’s pricing is lower than several recent OCR and RCR launches, giving it an edge for buyers seeking city-fringe convenience at a lower entry point.
  
• With limited new supply in D3 and strong upgrader demand from nearby Queenstown HDB owners, the project stands out as a rare new launch in a mature, well-connected neighbourhood.

Our key considerations when looking at Penrith’s pricing 

These are the main issues we’ll take into consideration: