reporter2
30-01-12, 16:25
http://www.businesstimes.com.sg/sub/news/story/0,4574,474879-1327521540,00.html?
Published January 25, 2012
Plenty of sales at Watertown over CNY break
215 residential units sold; so far over 500 homes taken up
THE Chinese New Year festivities did not dampen home-buying fervour at the Watertown project. About 215 residential units were sold at Watertown over the four-day Chinese New Year break, taking total sales in the 99-year leasehold project in Punggol to slightly over 500 units.
http://www.businesstimes.com.sg/mnt/media/image/launched/2012-01-25/BT_IMAGES_KRWATER25.jpg
Unique project: Watertown, which will have 11 residential towers of 13 or 14 storeys, is part of a $1.6b mixed development that will also include a retail mall
Sales in the project began last Wednesday. To date 596 of the project's 992 units have been released.
The approximately 500 units sold upto yesterday fetched prices ranging from $980 per square foot (psf) to $1,500 psf.
About 90 per cent of the buyers are Singaporeans, with permanent residents and foreigners making up the rest.
Watertown, which will have 11 residential towers of 13 or 14 storeys, is part of a $1.6 billion mixed development that will also include a four-level retail mall, Waterway Point, which will be linked to Punggol MRT Station.
The mall, spanning two basement levels and two levels above ground, will have about 370,000 sq ft net lettable area including a Shaw Theatres Imax cinema.
The tenant mix will be 40 per cent retail, 30 per cent food and beverage, and 15 per cent entertainment. The remainder will be dedicated to educational institutions, banks and community amenities.
The retail-and-residential project is being developed by Far East, Frasers Centrepoint and Japanese firm Sekisui House. The retail portion will be managed by Frasers Centrepoint.
It will also be the first mall to integrate a town square and a visitors' centre, where visitors can learn more about the area's heritage.
Published January 25, 2012
Plenty of sales at Watertown over CNY break
215 residential units sold; so far over 500 homes taken up
THE Chinese New Year festivities did not dampen home-buying fervour at the Watertown project. About 215 residential units were sold at Watertown over the four-day Chinese New Year break, taking total sales in the 99-year leasehold project in Punggol to slightly over 500 units.
http://www.businesstimes.com.sg/mnt/media/image/launched/2012-01-25/BT_IMAGES_KRWATER25.jpg
Unique project: Watertown, which will have 11 residential towers of 13 or 14 storeys, is part of a $1.6b mixed development that will also include a retail mall
Sales in the project began last Wednesday. To date 596 of the project's 992 units have been released.
The approximately 500 units sold upto yesterday fetched prices ranging from $980 per square foot (psf) to $1,500 psf.
About 90 per cent of the buyers are Singaporeans, with permanent residents and foreigners making up the rest.
Watertown, which will have 11 residential towers of 13 or 14 storeys, is part of a $1.6 billion mixed development that will also include a four-level retail mall, Waterway Point, which will be linked to Punggol MRT Station.
The mall, spanning two basement levels and two levels above ground, will have about 370,000 sq ft net lettable area including a Shaw Theatres Imax cinema.
The tenant mix will be 40 per cent retail, 30 per cent food and beverage, and 15 per cent entertainment. The remainder will be dedicated to educational institutions, banks and community amenities.
The retail-and-residential project is being developed by Far East, Frasers Centrepoint and Japanese firm Sekisui House. The retail portion will be managed by Frasers Centrepoint.
It will also be the first mall to integrate a town square and a visitors' centre, where visitors can learn more about the area's heritage.