The private launch of Watten House on 18 November 2023 ended on a high note, with 57% or 102 units sold at an average price of about $3,230 psf. The project is developed in an 80:20 joint venture between UOL and its property subsidiary SingLand.
UOL Group Chief Executive Liam Wee Sin said: “Watten House has ended the year well for UOL and SingLand. This luxury development is a freehold project with a prestigious address, and we have developed this sprawling five-acre site into a low density 180-unit development with high density greenery. Our design concept is of a palatial home characterised by an Asian touch, with vernacular roofs and elegant proportionality. The combination of classic architectural elements and modern design features creates a home that is timeless and poised and this resonated with our buyers.”
UOL General Manager (Residential Marketing) Anson Lim highlighted that the high take-up rate including three penthouses, demonstrates the attractiveness of the development in terms of its locational attributes and product offering. Of the 102 buyers, approximately 96% are Singaporeans and Singapore Permanent Residents looking for both owner occupation and investment, in view of its rarity and potential upside due to Watten House’s location in a predominantly Good Class Bungalows locale with nearby renowned schools and lifestyle amenities.
Situated at the former Watten Estate Condominium on Shelford Road, these award-winning large format residences aim to foster familial bonds through a meticulously crafted layout infused with timeless Asian influences.
Three out of the eight penthouses were sold between $11.7 million (or $3,440 psf) and $14.5 million (or $3,550 psf).
The showflat was closed after the preview and is set to reopen for the public launch in 2024.