The joint venture partners want to turn the Watten Estate Condominium into a new premium residential development
Watten House is an residential project located on Shelford Road, District 11 Singapore. This freehold development covers an area of 220,241 square feet. UOL Group and Singapore Land Group (SingLand) have won the auction by submitting a bid of $550 million to purchase the Warren Estate Condominium in 2021 and plan to develop the property into a condominium that will have 286 units, with a minimum area of 100 square meters.
The Former Watten Residences The Former Watten Residences is a brand-new freehold condominium on Shelford Road. This Bukit Timah development is close to Tan Kah Kee MRT Station (DT8) and Botanic Gardens MRT Station (CC19) on the Downtown Line (DTL) and Circle Line (CCL). Because of its prime location, the 286 homes located in five-story blocks are in high demand. Aside from the short walk to the top schools in Singapore and the surrounding districts, you can enjoy the area's numerous restaurants and shopping opportunities, as well as the gorgeous walkways and thick foliage for an unhurried, serene, and tranquil existence.
Watten House is situated 700m of Tah Kah Kee Mrt Station. Within its vicinity is Coronation Shopping Plaza, King's Arcade Shopping Centre, Crown Centre, Cluny Centre, Serene Centre and Adam Road Food Centre. The property is located in the most sought-after residential enclave of Watten Rise, Watten House is located within 1km of an elite school such as Nanyang Primary school as well as Raffles Girls School.
UOL Group along with Singapore Land Group (SingLand) have agreed in order to buy Watten Estate Condominium (WEC).
The price is S$550.8 million, the purchase represents the equivalent of a 10.2 percent premium over the minimum price of S$500 million set by the property's sales agency JLL on September 20, 2021. The last attempt at a collective sale by WEC began in the month of July with a reserve of $536 million. The property was first offered for auction in 2007 at a cost that was S$480 million.
The bourses of their respective companies filed filings, which were filed on Wednesday (Oct 28), UOL and SingLand announced they had granted to their joint venture 80:20 (JV) with United Venture Investments (UVI) and Singland Residential Development (SRD). UVI along with SRD are wholly-owned companies from UOL and SingLand both. UOL has been the majority shareholder in SingLand that was previously named UIC (United Industrial Corporation). UVI will be paying 80 percent of the cost or S$440.6 million to acquire the company according to its share of ownership in the JV, and SRD for the remaining.
The acquisition of WEC is a normal routine of business and will allow both companies to replenish their property reserves to develop residential developments in Singapore according to both parties when they made their statements. SingLand also stated that the JV partners plan to transform it into a condominium. property to a condo subject to approvals from the appropriate authorities. Both JV parties are planning to formalize the terms they agree to in connection with the acquisition of the property and its redevelopment and to share profits and risks according to their subsidiary stakes in the equity of the JV.
It is located in situated in a high-end district that is renowned for numerous prestigious residential estates and schools and the Watten House condo is among Singapore's most sought-after locations to reside in with the highest concentrations of high-end bungalows (GCBs) within the vicinity.
This private community is situated in between Botanic Gardens & Tan Kah Kee MRT Station. Shop at a variety of stores including FairPrice Finest, Cold Storage and Coronation Shopping Plaza within 10 minutes walk. If you are a shopper, ION Orchard, 313@Somerset and Ngee Ann City are just one short drive from the hotel.
The former Watten Estate Condominium connected to major expressways, such as PIE AYE, CTE and BKEsurround the development, ensuring an uninterrupted connection for Orchard, Central Business District as well as other significant locations in Singapore.
220,241 square feet the brand-new development site completed with UOL Group and Singapore Land Group (SingLand) winning the top bid of $550.8 million ($1,723 per square foot) to build Watten House. The residential building is comprised of 5 floors with 286 units of residential.
Watten House comes with an array of condo facilities that allow you to find the most unique spots for activity in the tranquility of the natural.
Create lasting memories with your loved ones, family and coworkers for a night of barbecuing and fun in a casual and casual atmosphere. Make it a point to celebrate your birthdays, anniversary celebrations or host a party inside your outside Pavilion and Clubhouse.
This is the ideal location to organize social gatherings and socialize with your guests for a time. For little ones there are dedicated places such as the children's play area, play pool and the pet's lawn as well.
Choose from 1 to four bedrooms or penthouses featuring well-appointed interiors and clever plans. Get the best kitchen appliances as well as fittings. From the stunning landscape to the tranquil and tranquil setting, enjoy an extravagant lifestyle and live a modern and stylish lifestyle. Contact Watten House now.
You will be surrounded by nature since this home is located within a few minutes of walking distance to the famous nature sports like MacRitchie Reservoir, Bukit Timah Nature Reserve and Singapore Botanic Gardens.
With a wealth of amenities surrounding the building, Watten House is the ideal example of luxurious and intelligent living. Residents will be taking advantage of the wide variety of amenities available to residents as well as retail and recreational options and the opportunity to work close to your home.
In Bukit Timah, which is one of 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 is an easy drive from the town center and will satisfy your shopping needs. 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 a 10 minutes drive from the area.
Parents of school-going children, there are schools that provide 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 also can find enjoyment at nearby leisure facilities. Walk for 20 minutes up to Singapore Botanic Gardensor Macritchie Reservoir for an evening stroll or visit Singapore's most popular places to be in nature like Gardens by the Bay as well as Marina Barragewhich are just 10 minutes from the property.
Watten House showflat will preview in the near future. Please note that the Watten House showflat isn't actually on site. For showflat appointments, do contact us for more details. Watten estate brochure. Watten estate condo. Watten estate floor plans.