72 Margaret Drive 149927, Margaret Drive, Central Region, Singapore
$1,817,000

:: PENRITH (Margaret Drive GLS) :: GuocoLand, Hong Leong Holdings’ Intrepid Investments and Hong Leong Group’s Hong Realty submitted a top bid of $497 million or $1,154 psf per plot ratio (ppr) for a government land sale (GLS) site on Margaret Drive. The 102,498 sq ft, 99-year leasehold site The GLS site is also adjacent to SkyOasis @ Dawson, where a premium five-room flat of 1,195 sq ft was sold in June at the record-breaking price of $1.73 million ($1,444 psf). The last time a GLS site was launched along Margaret Drive was eight years ago. At the close of the tender in December 2016, 14 bids were received. MCL Land won the site with a bid of $238.4 million ($998 psf ppr). Why Margaret Drive? ✅ Nestled in the heart of Queenstown, Margaret Drive Residences stands as a testament to sophisticated urban living in one of Singapore’s most dynamic neighbourhoods ✅ With approximately 460 meticulously designed units, this residential enclave promises a lifestyle of convenience and luxury ✅ Boasting a location just minutes from the Queenstown MRT station and adjacent to the esteemed Queenstown Primary School, it offers unparalleled accessibility and proximity to essential amenities ✅ Developed by reputable developer - Guocoland-Hong Leong-JV Key Project Details • Developer: Guocoland & Hong Leong • Address: 70, 72 Margaret Drive • Tenure: 99 Years Leasehold • Site Area: Approx. 102,498 sqft • Plot ratio: 4.2 • No. of Units: 462 • No. of Levels: 40 • No. of Parking Lots: 81% • TOP: April 2031 • Unit Mix: 2 Bedroom to 4 Bedroom Receive first-hand info to receive e-brochure, floor plans, early bird price guide, booking day details. Contact Direct Developer Appointed Sales Team today! ☎️ Carrie 8644XXXX Disclaimer: Photos are artist impressions and for illustration purpose only. Subject to final amendments 🤎 You May Also Like 🤎 Stirling Residences, Anchorage, Margaret Ville, Commonwealth Towers, Queens, Queens Peak, Principal Garden, The Interlace, The Crest, Artra, Alex Residences, The Metropolitan, The Anchorage, Alexis, Ascentia Sky, Ascentia Sky, Highline Residence, Central Green, Meraprime, Twin Regency, Regency Suites, The Regency @ Tiong Bahru, Casa Jervois, Jervois Grove, Jervois Prive, Mon Jervois, Jervois Regency, Dormer Park, Margaret Mansion, Jervoisville, Jervois Lodge, Petit Jervois, Jervois Treasures, One Jervois, Domain 21, Tanglin Regency, Tanglin View, Alessandrea, Emerald Park, Viz at Holland, Lush on Holland Hill, Hyll On Holland, Holland Residences, Leedon Green, D’Leedon, The Merasaga, Van Holland, One Holland Village Residences, The Merasaga,
The following locations are within radius of this property, with distance shown in kilometers.
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Total Transactions
0
Average Price
S0
Total Value
S0
No transaction data found. This could be due to:
Calculating fair value from URA transaction data…


License: L3008899K
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Automated Valuation based on 484 URA transactions · 24 outliers removed (IQR)
Fair Value
S$1.30M
S$2,120 psf
Asking Price
S$1.82M
S$2,959 psf
vs Market
+39.6%
vs Last Done
+32.6%
Tenure
102 yrs
99-year Leasehold · Balance remaining
Confidence
High
484 comps
Nearest MRT
Queenstown
356m away · +3% premium
URA PSF Trendline vs Listing Price
Hedonic Adjustment Breakdown
Base URA PSF
484 comparable transactions
S$2,057
Floor Premium
0.5% per floor vs median
+0.0%
Tenure Decay
Bala's curve (99yr leasehold)
×1.000
MRT Proximity
Within 500m / 1km
+3%
AI Condition Premium
HELIOS scan of listing description
0%
Adjusted Fair Value PSF
S$2,120
Recent Comparable Transactions
10 shown · 484 total| Date | Block / Street | Area | Price | PSF | Tenure |
|---|---|---|---|---|---|
Last DoneAug 2025 | DUNDEE ROAD Floor 21-25 | 441sqft | S$985,000 | ▲S$2,232 +5.3% vs FV | 99 yrs lease commencing from 2015 |
Aug 2025 | DUNDEE ROAD Floor 21-25 | 441sqft | S$985,000 | ▲S$2,232 +5.3% vs FV | 99 yrs lease commencing from 2015 |
Aug 2025 | COMMONWEALTH AVENUE Floor 41-45 | 1,076sqft | S$2,730,000 | ▲S$2,536 +19.6% vs FV | 99 yrs lease commencing from 2013 |
Aug 2025 | COMMONWEALTH AVENUE Floor 06-10 | 904sqft | S$2,096,888 | ▲S$2,319 +9.4% vs FV | 99 yrs lease commencing from 2013 |
Aug 2025 | COMMONWEALTH AVENUE Floor 01-05 | 474sqft | S$905,000 | ▼S$1,911 -9.9% vs FV | 99 yrs lease commencing from 2013 |
Aug 2025 | STIRLING ROAD Floor 36-40 | 1,195sqft | S$2,200,888 | ▼S$1,842 -13.1% vs FV | 99 yrs lease commencing from 1998 |
Jul 2025 | DUNDEE ROAD Floor 36-40 | 850sqft | S$1,940,000 | ▲S$2,281 +7.6% vs FV | 99 yrs lease commencing from 2015 |
Jul 2025 | DUNDEE ROAD Floor 06-10 | 775sqft | S$1,635,000 | ▼S$2,110 -0.5% vs FV | 99 yrs lease commencing from 2015 |
Jul 2025 | COMMONWEALTH AVENUE Floor 21-25 | 463sqft | S$975,000 | ▼S$2,107 -0.6% vs FV | 99 yrs lease commencing from 2013 |
Jul 2025 | COMMONWEALTH AVENUE Floor 11-15 | 463sqft | S$900,000 | ▼S$1,944 -8.3% vs FV | 99 yrs lease commencing from 2013 |
Jul 2025 | COMMONWEALTH AVENUE Floor 31-35 | 463sqft | S$998,000 | ▲S$2,156 +1.7% vs FV | 99 yrs lease commencing from 2013 |
DUNDEE ROAD
Aug 2025 · Floor 21-25
+5.3% vs FV
DUNDEE ROAD
Aug 2025 · Floor 21-25
+5.3% vs FV
COMMONWEALTH AVENUE
Aug 2025 · Floor 41-45
+19.6% vs FV
COMMONWEALTH AVENUE
Aug 2025 · Floor 06-10
+9.4% vs FV
COMMONWEALTH AVENUE
Aug 2025 · Floor 01-05
-9.9% vs FV
STIRLING ROAD
Aug 2025 · Floor 36-40
-13.1% vs FV
DUNDEE ROAD
Jul 2025 · Floor 36-40
+7.6% vs FV
DUNDEE ROAD
Jul 2025 · Floor 06-10
-0.5% vs FV
COMMONWEALTH AVENUE
Jul 2025 · Floor 21-25
-0.6% vs FV
COMMONWEALTH AVENUE
Jul 2025 · Floor 11-15
-8.3% vs FV
COMMONWEALTH AVENUE
Jul 2025 · Floor 31-35
+1.7% vs FV
HELIOS AI Analysis
⚠️ Indicative estimate only. Based on URA resale transaction data. Not a formal valuation. Consult a licensed valuer for financial decisions.