Article Picked from

Yi Qian

Penrith at Margaret Drive: Queenstown’s rare condo launch in 8 years, steps from MRT. See pricing, location perks & $1.7M HDB comparisons.

October 3, 2025

How Will Penrith — Queenstown’s First Private Condo Launch in 8 Years — Perform in an Estate Now Defined by Its Record $1.7M HDB Flat?

With effect from the August 2023 Build-to-Order (BTO) Exercise, stricter penalties will be imposed on couples who do not select a flat when invited by the Housing and Development Board (HDB) to do so. A new priority category benefiting first-timer families applying for their first BTO flat was also introduced. In his Committee of Supply …