Exclusive enclave in close proximity to both Tan Kah Kee MRT Station and the Botanic Gardens
The Watten House condominium development is situated along Shelford Road in District 11 of Singapore. This freehold property spans an impressive 220,241 square feet. In 2021, UOL Group and Singapore Land Group (SingLand) secured the winning bid with an offer of $550 million for this project. Their vision is to construct a condominium comprising 286 units, each with a minimum area of 100 square meters.
UOL Group and Singapore Land Group (SingLand) emerged as the successful bidders with a record-breaking offer of $550.8 million, equivalent to $1,723 per square foot, to develop Watten House on this expansive 220,241 square feet parcel of land. Watten House is envisioned as a five-story building featuring 286 residential units.
Watten House is 350 meters away from Tah Kah Kee MRT Station. Coronation Shopping Plaza, King's Arcade Shopping Centre, Crown Centre, Cluny Centre, Serene Centre, and Adam Road Food Centre are all nearby shopping centers. Watten House is located in Watten Rise's most prestigious residential enclave, a mile away from prominent schools like as Nanyang Primary School and Raffles Girls School.
According to both parties' press releases, the acquisition of WEC is part of the usual course of business and will allow both companies to replenish their land reserves for the development of residential units in Singapore. SingLand further indicated that the joint venture partners intend to convert it into a condominium. Subject to clearance from the appropriate authorities, the property will be converted to a condominium. Both JV parties intend to formalize the terms of their agreement regarding the acquisition of the property and its redevelopment, as well as share profits and risks based on respective subsidiary holdings in the JV's equity.
With a high concentration of good-quality bungalows (GCBs) nearby, the Watten House is one of Singapore's most sought-after places to live. It is located in a high-end neighborhood known for its elite schools and opulent residential complexes.
Private neighborhood near Tan Kah Kee MRT Station and the Botanic Gardens. Within about 10 minutes of walking, shop at a variety of establishments, including FairPrice Finest, Cold Storage, and Coronation Shopping Plaza. If you like to shop, you can reach ION Orchard, 313@Somerset, and Ngee Ann City from the hotel with ease.
The former Watten Estate Condominium connected to major expressways, such as the PIE AYE, CTE and BKEsurround the development, ensuring an uninterrupted connection with Orchard, Central Business District as well as other significant locations in Singapore.
This purchase marks a 10.2 percent premium over the minimum price of S$500 million set by the property's marketing firm JLL on September 20, 2021. In July 2019, the WEC conducted a collective auction with a reserve price of $536 million. For S$480 million, the property was initially put up for sale in 2007.
The Former Watten Residences is a brand-new freehold condominium on Shelford Road. Both the Downtown Line (DTL) and Circle Line (CCL) are served by the neighboring MRT stations Tan Kah Kee (DT8) and Botanic Gardens (CC19). Due to its prominent location, it has 286 residences spread across five-story buildings.
You can enjoy the region's numerous eateries and retail options, as well as the beautiful walks and rich vegetation, to live a leisurely, stress-free lifestyle. You may also stroll to some of Singapore's best schools and other nearby attractions.
The bourses of their respective firms submitted documentation on Thursday (Oct 28), and UOL and SingLand announced that they had granted an 80:20 (JV) to United Venture Investments (UVI) and Singland Residential Development (SRD). UVI and SRD are wholly owned subsidiary companies of UOL and SingLand, respectively. UOL, originally known as UIC (United Industrial Corporation), is SingLand's largest shareholder. According to its share of ownership in the JV, UVI will pay 80% of the purchase price, or S$440.6 million, while SRD would pay the remaining 20%.
Create lifelong memories while enjoying a night of barbecue and entertainment with your friends, family, and coworkers in a laid-back setting. Make it a point to commemorate your birthdays, wedding anniversaries, or throw a party in your outside pavilion in addition to the clubhouse. This house is the perfect place to host social events and welcome visitors for a good time.
There are places specifically designated for kids, including a playground, a play pool, and a lawn for animals. Choose from penthouses with 1 to 4 bedrooms or well-appointed, creatively designed apartments with 1 to 4 bedrooms. Purchase the greatest fixtures and appliances for your kitchen
You will be surrounded by nature since the residence is located only a short walk from the most famous nature spots like MacRitchie Reservoir, Bukit Timah Nature Reserve and Singapore Botanic Gardens.
With an abundance of amenities within the property, Watten House is the ideal example of luxurious and intelligent living. Residents can look forward to taking advantage of the wide selection of community facilities as well as retail and recreational options and the opportunity to work close to the home of their choice.
In Bukit Timah, one the most sought-after areas in Singapore Watten Estate Residences are brimming with top-quality eateries and retail options. Residents can choose from a range of dining options, from local cuisine at Adam Road Food Centre, cafes and bakeries like Lana Cakes, Baker & Cook or elegant dining options at Rubato, La Braceria Pizza & Grill, Nami Korean Grill House or Roots Mediterranean. Grocery shopping is also easy, thanks to supermarkets such as FairPrice Finest, Giant and Cold Storage available in the close vicinity.
Watten House Residences are just one minute away from the town center for you to fulfill your needs for shopping. There are many popular malls like Plaza Singapura, ION Orchard, Orchard Central, 313@Somerset, and Bugisplus. In addition, the neighborhood of Coronation Shopping Plaza is less than 10 minutes drive from the area.
For parents of school-going children, schools with a reputation for providing excellent education like Raffles Girls' Primary School, Nanyang Primary School, Nanyang Girls' High School, Singapore Chinese Girls' School, Methodist Girls' School, St Margaret's Secondary School, Hwa Chong Institution and National Junior College are all in close proximity to Watten Estate Residences.
Residents can also enjoy themselves in the nearby recreation facilities. You can walk for about 20 minutes up to Singapore Botanic Gardensor Macritchie Reservoir for an evening stroll or stroll around Singapore's top natural spots such as Gardens by the Bay as well as Marina Barrage which are only 10 minutes from the property.