Penrith is a newly launched project by a collaboration of three companies: GuocoLand, Intrepid Investments (a subsidiary of Hong Leong Holdings), and Hong Realty (a member of the Hong Leong Group). The consortium successfully secured the Government Land Sales (GLS) site at Margaret Drive by placing the highest bid of $497 million. This translates to a price of $1,154 per square foot per plot ratio (psf ppr). Boasting a 99-year leasehold, the site covers an area of 102,498 square feet and is slated to transform into a modern private condominium with an estimated 460 units. For more information on Penrith, visit https://www.penrith.sg/.
The Master Plan for Penrith prioritizes environmental sustainability, with the goal of reducing the carbon footprint and enhancing the well-being of its inhabitants. In accordance with Singapore’s vision of becoming a “City in a Garden,” Penrith will experience the development of more green spaces and eco-friendly infrastructure in the surrounding areas. Plans are in place to establish new parks and recreational areas in Queenstown, which will not only contribute to better air quality and reduced heat, but also create peaceful havens for residents to unwind. This heightened focus on sustainability and greenery will make the neighbourhood more appealing to potential homebuyers who value eco-conscious living. Furthermore, the Master Plan also seeks to improve public transportation options, making it more convenient for residents to commute to work or access different parts of the city. These initiatives will not only alleviate traffic congestion and decrease carbon emissions, but also enhance the overall livability of the neighbourhood.
One of the significant benefits of the Master Plan is the enhanced quality of life for its residents. With its focus on sustainability, connectivity, liveability, and diversity, the plan aims to create a balanced and harmonious community where residents can thrive. By promoting a healthy and sustainable lifestyle, Penrith is also prioritizing the well-being of its residents.
The Master Plan also focuses on enhancing the liveability of Penrith. This includes creating more green spaces, improving access to recreational facilities, and enhancing the overall aesthetic of the city. The plan also highlights the importance of social inclusivity, ensuring that all residents have equal access to services and amenities.
In addition to promoting sustainability and connectivity, the Master Plan also aims to create more job opportunities and boost the local economy. With the development of new commercial and mixed-use areas, coupled with the implementation of sustainable practices, Penrith is set to attract new businesses and investments. This will not only create jobs but also contribute to the city’s overall economic growth.
Penrith, a city located in the western suburbs of Sydney, Australia, is ready to make a breakthrough in becoming a sustainable and green city. With its new Master Plan in place, Penrith aims to enhance the quality of life for its residents while also attracting eco-conscious homebuyers. This ambitious and forward-thinking plan is set to create a significant impact on the city’s landscape and economy, making it a prime destination for those who prioritize living in an environmentally-friendly and sustainable community.
Housing and diversity also play a vital role in the Master Plan. Penrith aims to provide a diverse range of housing options, including affordable and sustainable housing, to cater to the needs of its growing population. With a focus on creating inclusive and diverse communities, Penrith aims to attract and retain a diverse range of residents.
Moreover, the Master Plan’s strong emphasis on sustainability and green initiatives makes Penrith an attractive destination for eco-conscious homebuyers. With its commitment to reducing carbon footprint and promoting sustainable practices, Penrith is positioning itself as a leader in sustainable living.
The Master Plan has already started to show positive results. The city has seen an increase in the use of sustainable modes of transportation, such as cycling and walking, and has successfully reduced its carbon emissions. The plan has also attracted new businesses and investments, contributing to the city’s economic growth.
Penrith also recognizes the importance of connectivity within the city. The Master Plan aims to improve existing transportation networks, create new connections, and promote alternative modes of transportation such as cycling and walking. These initiatives not only reduce carbon emissions but also promote a healthy and active lifestyle for its residents.
The prestigious Penrith project is a recent venture spearheaded by a successful consortium consisting of three renowned companies: GuocoLand, Intrepid Investments (a branch of Hong Leong Holdings), and Hong Realty (a subsidiary of the esteemed Hong Leong Group). This partnership secured the top bid of $497 million for the Government Land Sales (GLS) site located at Margaret Drive, with a rate of $1,154 per square foot per plot ratio (psf ppr). Spanning an impressive 102,498 square feet for a leasehold period of 99 years, this site is set to be transformed into an exclusive private condominium boasting approximately 460 units.
Additionally, the Master Plan includes measures to improve public transportation options, making it easier for residents to commute to work or access other parts of the city. These initiatives will not only reduce traffic congestion and carbon emissions, but also improve the overall livability of the neighbourhood.
The Master Plan, which was launched in 2019, is a comprehensive and strategic framework that sets out the direction and vision for the city’s development over the next 20 years. It focuses on five key pillars: sustainability, connectivity, jobs and economy, liveability, and housing and diversity. These pillars are interconnected and aim to create a balanced and holistic approach to building a sustainable and green city.
In conclusion, Penrith’s Master Plan is a bold and ambitious step towards creating a sustainable and green city. By focusing on sustainability, connectivity, jobs and economy, liveability, and housing and diversity, the plan aims to enhance the quality of life for its residents while also attracting eco-conscious homebuyers. With its holistic and strategic approach, the Master Plan is set to make a significant impact on the city’s landscape and economy, making Penrith a prime destination for those seeking a sustainable and green community.
One of the crucial aspects of the Master Plan is its commitment to sustainability. The plan aims to reduce greenhouse gas emissions, promote renewable energy, and improve resource efficiency. This commitment to sustainability is reflected in the city’s strategies, such as the installation of solar panels on public buildings, implementing green building codes, and promoting sustainable modes of transportation.
