Now Selling: Penrith Balance Units Available
Penrith, by Hong Leong and Guocoland, is a 99-year leasehold condominium in District 03. With 462 units ranging from 1 to 4 bedrooms, it offers a range of layouts for different lifestyles. Balance units are now available for sale. Schedule a private showflat appointment to review the latest indicative price guides and choose your ideal floor plan. Enjoy direct developer release with zero agent fees.
Connectivity
Located in District 03, Penrith is well-connected via major expressways and public transport, offering easy access to the city and surrounding areas.
Schools & Lifestyle
The development is close to reputable primary and secondary schools, as well as lifestyle amenities such as shopping malls and dining options.
Growth Potential
Situated in District 03, Penrith benefits from the area's ongoing transformation under URA master plans, enhancing connectivity and lifestyle offerings.
*The information is subject to change and photos/images used are artists' impressions for illustration purposes only.
An Urban Oasis of Serenity
Penrith is crafted with architectural finesse, featuring lush botanicals and thoughtful design. The development offers a residential lifestyle that blends comfort with elegance, providing a serene environment for residents to thrive.
Experience the harmony between urban vibrancy and natural retreat at Penrith. With family-friendly facilities including a children's play zone, tennis court, and fitness areas, residents can enjoy a balanced lifestyle amidst the city's buzz.
Arrive through a grand welcome at the arrival court, then retreat to your private sanctum. Indulge in resort-level wellness with a range of amenities designed for relaxation and rejuvenation, including a clubhouse, gym, and tranquil gardens.
Balance Units & Indicative Price Benchmarks
Curated bedroom configurations, strata sizes, and indicative developer price guides. Tap any unit to calculate your progressive cashflow or inspect high-resolution floor plans.
Penrith — New Launch Purchase Procedure (8-Step Roadmap)
A structured roadmap for purchasing available developer balance units: from showflat inspection and direct 5% OTP booking to progressive construction calls and key handover.
Affordability & In-Principle Approval (IPA)
Obtain swift bank In-Principle Approval (IPA) within 1–3 days to confirm your MAS 55% TDSR borrowing quantum and cash/CPF downpayment budget prior to securing your choice unit.
- Fast-track bank IPA assessment (1–3 days)
- CPF OA balance & down payment prep
- Stamp duty (BSD/ABSD) funds ready
Live Balance Units & Developer Starbuys
Review live developer availability and latest discounted starbuy promotional units. Available balance units are transacted directly on a first-come, first-served basis with immediate confirmation.
- Live available stack & unit inventory
- Developer promotional discounts & starbuys
- Price per sq ft vs recent transactions
Private Showflat Tour & Site Analysis
Guided walkthrough of show suites and physical development site to inspect spatial layouts, premium fittings, actual view corridors, and distance to MRT and schools.
- Show suite inspection & layout evaluation
- Finishes & branded fittings check
- Actual site perimeter & view orientation
Stack & Floor Level Optimization
Compare available floors and stacks using the Elevation Matrix. Analyze floor premiums, pool vs landscape views, and optimal price quantum to lock in your preferred unit.
- Precise floor jump premium check
- Facing & pool vs landscape view trade-offs
- Target unit confirmation with backup choice
Direct Unit Booking & Option to Purchase (OTP)
Select from available balance units and secure immediately with a 5% booking fee (via PayNow/Cheque/Cashier’s Order) in exchange for the Option to Purchase (OTP). No balloting wait required.
- Lock choice unit & stack
- Pay 5% booking deposit
- Receive developer-signed OTP
Exercise S&P Agreement & Stamp Duties
Developer issues S&P within 14 days. Exercise OTP within 3 weeks; pay BSD/ABSD within 14 days of exercise. Complete 15% balance payment within 8–9 weeks from OTP.
- Appoint conveyancing lawyer
- Exercise OTP within 3 weeks
- Pay Stamp Duty (BSD) within 14 days
- Pay 15% balance within 9 weeks
Progressive Milestone Payments & Construction Progress
Because construction is actively underway towards TOP (Est. 2031), early completed structural stages are billed at S&P completion, with remaining 5%–10% milestone calls spread over the shortened construction period.
- Early completed stages billed upon S&P
- Remaining tranches billed per certified milestone
- Significantly shortened waiting time to TOP
TOP Key Handover & 12-Month Warranty (DLP)
With a significantly nearer TOP date (Est. 2031), collect keys sooner for immediate personal move-in or fast rental yield generation. Full 12-month Defects Liability Period (DLP) warranty included.
- Accelerated timeline to key collection & move-in
- 12-month defect warranty coverage
- Immediate rental income potential upon TOP
Penrith Mortgage & Affordability Calculator
Indicative monthly instalment — adjust the rate to match your bank's package.
Stamp Duty & Affordability Check
Indicative BSD/ABSD payable and a TDSR affordability check.
New Launch Progressive Payment Timeline & Cashflow Milestones
Dynamic Singapore URA Standard Sale & Purchase Agreement timeline calculating stage call amounts, funding sources (Cash/CPF vs Loan), and progressive amortised monthly instalments.
* Milestone disbursements are indicative and based on Singapore URA/HDB Standard S&P schedules and MAS regulations. Actual drawdowns depend on developer architectural certification, legal conveyancing, and lender packages. Consult a Project Specialist.
Bank In-Principle Approval (IPA) — Why It Is Critical Before Booking
An official conditional loan pre-assessment from major Singapore banks (DBS, OCBC, UOB) establishing your indicative borrowing limits under MAS TDSR (55%) rules, safeguarding booking deposits against loan shortfalls.
New launches require a 5% cash booking fee for the OTP. If loan financing fails before expiry, 25% of this deposit is legally forfeited (losing $20,000 to $50,000+). Obtaining an In-Principle Approval (IPA) safeguards your booking deposit against borrowing shortfalls.
Balloting moves fast. An active IPA gives you maximum loan budget clarity, letting you select your preferred stack and floor level with complete confidence.
With an active IPA, banks convert your pre-approval into a formal Letter of Offer within 24–48 hours upon OTP issuance, easily beating the 3-week legal deadline.
FAQ
Penrith is a 99-year leasehold condominium.
Penrith has a total of 462 units. Balance units are currently available for sale.
Indicative guide prices vary by unit type and floor. Please register your interest to receive the latest indicative price guide.
Penrith is expected to obtain TOP in 2031.
Penrith is located in District 03 and is well-connected via major expressways and public transport.
Penrith is close to reputable primary and secondary schools in the area.
Contact Project Specialists
Inquire about available balance units, developer price sheets & showflat viewings for Penrith
Huttons Asia Pte Ltd (CEA Licence No. L3008899K) · Bala Murugan (R072904C) & Robert Sim (R071157I)
High-resolution architectural layout · Subject to contract and final survey
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