Penrith
Penrith is a 99-year lease (97 yrs left) apartment development in District 03 (Tiong Bahru / Alexandra / Queenstown). It has 452 recorded private transactions. Latest sale: $1,788,000 (May 2026, 57 sqm, floors 26-30). Median $2,794/sqft. 97 years lease remaining.
Where Penrith ranks in District 03
All 35 projects ›Median psf over time
Estimate a unit at Penrith
Based on URA transactions for this development. Pick a floor band and unit size.
Projection blends market growth with Bala's Table lease decay. Past growth does not guarantee future performance. Not financial advice.
Lease decay
99-year leasehold. Under Bala's Table (SLA's leasehold relativity model), value decays faster as the lease shortens — currently about 0.13% a year.
Price by floor
| Floor band | Median psf | Transactions |
|---|---|---|
| 01-05 | $2,602 | 48 |
| 06-10 | $2,674 | 60 |
| 11-15 | $2,734 | 60 |
| 16-20 | $2,770 | 60 |
| 21-25 | $2,833 | 60 |
| 26-30 | $2,886 | 60 |
| 31-35 | $2,948 | 56 |
| 36-40 | $3,007 | 48 |
Recent transactions
| Date | Floor | Type | Area | Price | psf |
|---|---|---|---|---|---|
| May 2026 | 26-30 | New Sale | 57 sqm | $1,788,000 | $2,914 |
| May 2026 | 31-35 | New Sale | 57 sqm | $1,793,000 | $2,922 |
| Mar 2026 | 36-40 | New Sale | 119 sqm | $3,935,000 | $3,072 |
| Jan 2026 | 31-35 | New Sale | 119 sqm | $3,878,000 | $3,028 |
| Dec 2025 | 36-40 | New Sale | 119 sqm | $3,922,000 | $3,062 |
| Nov 2025 | 31-35 | New Sale | 63 sqm | $1,966,000 | $2,899 |
| Nov 2025 | 36-40 | New Sale | 57 sqm | $1,810,000 | $2,950 |
| Nov 2025 | 16-20 | New Sale | 63 sqm | $1,839,000 | $2,712 |
| Nov 2025 | 16-20 | New Sale | 79 sqm | $2,328,000 | $2,738 |
| Nov 2025 | 21-25 | New Sale | 99 sqm | $3,068,000 | $2,879 |
| Nov 2025 | 16-20 | New Sale | 119 sqm | $3,594,000 | $2,806 |
| Nov 2025 | 26-30 | New Sale | 63 sqm | $1,898,000 | $2,799 |
| Nov 2025 | 06-10 | New Sale | 99 sqm | $2,896,000 | $2,718 |
| Oct 2025 | 21-25 | New Sale | 119 sqm | $3,734,000 | $2,915 |
| Oct 2025 | 21-25 | New Sale | 57 sqm | $1,700,000 | $2,771 |
| Oct 2025 | 21-25 | New Sale | 73 sqm | $2,254,000 | $2,869 |
| Oct 2025 | 36-40 | New Sale | 73 sqm | $2,391,000 | $3,043 |
| Oct 2025 | 01-05 | New Sale | 73 sqm | $2,070,000 | $2,634 |
| Oct 2025 | 16-20 | New Sale | 73 sqm | $2,210,000 | $2,813 |
| Oct 2025 | 31-35 | New Sale | 73 sqm | $2,346,000 | $2,986 |
| Oct 2025 | 31-35 | New Sale | 73 sqm | $2,337,000 | $2,974 |
| Oct 2025 | 16-20 | New Sale | 73 sqm | $2,174,000 | $2,767 |
| Oct 2025 | 26-30 | New Sale | 73 sqm | $2,286,000 | $2,909 |
| Oct 2025 | 06-10 | New Sale | 73 sqm | $2,108,000 | $2,683 |
| Oct 2025 | 26-30 | New Sale | 73 sqm | $2,278,000 | $2,899 |
About Penrith
Penrith is a 99-year leasehold development with its lease commencing in 2024 and about 97 years remaining in District 03 (Tiong Bahru / Alexandra / Queenstown), within the Rest of Central Region of Singapore. It is among the more actively traded apartment developments in the area, with 452 recorded transactions between 2025-10 and 2026-05, ranging from $1,440,000 to $3,935,000. The most recent transaction was a 57 sqm unit (floors 26-30) sold for $1,788,000 in 2026-05, and the median price is $2,794 per square foot. Under Bala's Table (the Singapore Land Authority leasehold valuation model), the leasehold relativity ratio at 97 years remaining is 0.9645, an annual lease decay of about 0.13%. All transaction data is sourced from the Urban Redevelopment Authority (URA) and updated regularly.
How much does a unit at Penrith cost?
The most recent transaction at Penrith was $1,788,000 for a 57 sqm unit in 2026-05. The median price is $2,794 per square foot across 452 transactions, ranging from $1,440,000 to $3,935,000. Data sourced from URA.
Is Penrith freehold or leasehold?
Penrith is on a 99-year lease commencing in 2024, with approximately 97 years remaining. Under Bala's Table, the annual lease decay at this point is about 0.13%.
What is the price per square foot (psf) at Penrith?
The median price at Penrith is $2,794 psf, with transactions ranging from $2,347 to $3,087 psf. This is based on 452 URA-recorded transactions in District 03.