Penrith Over 41 Times Subscribed Ahead Weekend Launch Oct 18
Gongshang Primary School boasts a convenient location, just a stone’s throw away from Parktown Residence. This prime placement makes it easily accessible for families who are considering enrolling their children in the school. As an added bonus, visitors have the opportunity to explore the Parktown Residence Showflat during their visit to the school, providing a well-rounded experience. Parktown Residence Showflat. The school prides itself on providing a comprehensive education, focusing not only on academic excellence but also on cultivating strong character in its students.
The highly anticipated launch of Penrith on Margaret Drive has proven to be a major success, with developers collecting a whopping 1,905 cheques as expressions of interest. This indicates an oversubscription of 4.1 times for the 462-unit project located in District 3 of the Rest of Central Region (RCR). The joint development by Hong Leong Holdings, Hong Realty (part of the Hong Leong Group), and GuocoLand is set to be launched on Oct 18, but due to the overwhelming response, the balloting of units has already begun.
Market watchers are predicting strong demand for Penrith, following the impressive take-up rate at Skye at Holland, which was launched the previous weekend (Oct 11-12). The 666-unit project located in the Core Central Region (CCR) of Holland Village was 99% sold within a day, after receiving 2,151 cheques during its two-week preview. This translates to an oversubscription of 3.2 times, showcasing the high level of interest in new launches.
Interested buyers can now access the latest information on available units and prices for Penrith. The development, which previewed on Oct 3, features two 40-storey towers with two- to four-bedroom units ranging from 614 to 1,173 sq ft. Prices start from $1.495 million ($2,437 psf) for a two-bedroom unit, $1.665 million ($2,455 psf) for a two-bedroom premium, $1.973 million ($2,511 psf) for a three-bedroom, and $3.078 million ($2,623 psf) for a four-bedroom.
With the number of cheques collected surpassing the number of units available by more than four times, Penrith is set to test whether the buying momentum seen at Skye at Holland can carry on to the next launch weekend. Interested buyers can also utilize the latest listings for Penrith properties to find their ideal unit.
For those looking for other recently launched projects in the area, Condo Buddy is the perfect resource to find the latest information. Additionally, our platform also provides details on condo rental transactions in District 3, allowing potential buyers to make informed decisions. Check out the project summary for Penrith condo and generate a price trend graph for new launch condos in the district. Interested in rental options? Find any condo rental listings in District 3 on our platform. Don’t miss out on the opportunity to own a unit in this highly sought-after development.