Watten House tenants will have access to a wide range of neighborhood amenities, including retail, leisure, and recreational facilities
Watten House is an apartment development that is 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) took the auction by submitting a bid of $550 million to purchase the Warren Estate Condominium in 2021 and are planning to transform the property into a condominium, which will comprise 286 residential units, with a minimum area of 100 square meters.
UOL Group as well as Singapore Land Group (SingLand) have signed a contract 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 increase over the minimum price of S$500 million set by the property's sales agency JLL at the end of September in 2021. The WEC's previous collective sale took place in July with a reserve of $536 million. The property was initially put up for sale as an en bloc deal in 2007 for a price that was S$480 million.
Watten House is located 700m to Tah Kah Kee Mrt Station. Within its immediate vicinity is Coronation Shopping Plaza, King's Arcade Shopping Centre, Crown Centre, Cluny Centre, Serene Centre and Adam Road Food Centre. It is situated in the prestigious residential enclave in Watten Rise, Watten House is located within 1km of an elite school such as Nanyang Primary school as well as Raffles Girls school.
The former Watten Residences is a brand-new freehold condominium that is located in the vicinity of Shelford Road. This development is in Bukit Timah and is in near proximity Tan Kah Kee MRT Station (DT8) and Botanic Gardens MRT Station (CC19) on the Downtown Line (DTL) and Circle Line (CCL). With 286 residences with five-storey blocks, it is highly sought-after for its ideal area. Apart from the short walk to the top schools in Singapore take advantage of the numerous eating and shopping establishments in the area and soak yourself in the picturesque paths and lush greenery for an unhurried, peaceful and peaceful life.
The bourses of their respective companies filed filings, which were filed on the Thursday (Oct 28), UOL and SingLand announced their tenders were given to their joint venture 80:20 (JV) with United Venture Investments (UVI) and Singland Residential Development (SRD). UVI as well as SRD are wholly owned affiliates that are part of UOL and SingLand and SingLand, respectively. UOL also happens to be the majority shareholder in SingLand that was previously called 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 to pay the rest.
The acquisition of WEC is a normal procedure of business, and will allow both parties to replenish their property reserves for development of residential properties in Singapore according to both parties when they made their statements. SingLand said that the JV partners plan to transform this property to a condo subject to the approvals needed from the appropriate authorities. Both JV parties are planning to formalize the terms they agree to in connection with the acquisition and redevelopment of the property as well as share the profits and risks proportionally to their affiliates stakes in the equity of the JV.
In located in a high-end district known for its prestigious schools and luxurious residential estates and the Watten House condo is among Singapore's most exclusive places to reside in with the highest concentrations of high-end bungalows (GCBs) within the region. This private community is situated in between Botanic Gardens & Tan Kah Kee MRT Station. Shop at a variety of stores at FairPrice Finest, Cold Storage and Coronation Shopping Plaza within 10 minutes walk. For those who love shopping, ION Orchard, 313@Somerset and Ngee Ann City are only one short drive from the hotel.
The former Watten Estate Condominium easily connected to major expressways like the PIE AYE, CTE and BKEsurround the development, ensuring an uninterrupted connection with Orchard, Central Business District as well as other important locations in Singapore.
220,241 square feet fresh development site was closed by UOL Group and Singapore Land Group (SingLand) winning the highest bid of $550.8 million ($1,723 per square foot) to build Watten House. The residential development consists of 5 floors with 286 housing units. Watten House comes with many condo facilities which 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. Enjoy your birthdays, anniversaries and other special occasions or host a celebration at our outdoors area as well as the the clubhouse.
This is the ideal spot to organize social gatherings and meet your guests to have a time. For little ones there are dedicated places such as the playground for children, play pool and the pet's lawn as well. Choose between 1 and four bedrooms or penthouses featuring well-appointed interiors and clever plans. Get the best kitchen appliances as well as fittings. From the beautiful landscape to the tranquil and serene setting, you can live the life of luxury and live a modern and stylish lifestyle.
You will be surrounded by nature since the residence is located few minutes of walking distance to the famous sports in nature such as MacRitchie Reservoir, Bukit Timah Nature Reserve and Singapore Botanic Gardens.
With an abundance of amenities within the property, Watten House is the embodiment of luxury and smart living. Residents will be taking advantage of the wide selection of community facilities including retail, leisure and recreational facilities and the opportunity to work close to the home of their choice.
In Bukit Timah, one the most sought-after spots in Singapore Watten Estate Residences is awash with high-end eateries and shopping options. Residents can choose from a range of eating options, such as local delicacies at Adam Road Food Centre, bakeries and cafes such as Lana Cakes, Baker & Cook and 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 an easy drive from the town center and will satisfy 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 a 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 located within close proximity of Watten Estate Residences.
Residents also can find enjoyment 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 places to be in nature like Gardens by the Bay as well as Marina Barragewhich are just 10 minutes from the property.
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