Overview of Watten House

• Watten House is a Freehold development located in an Address of Legacy at Prime District 11. Perched on elevated ground, it is a thoughtfully curated low-rise housing with tranquility on the hill surounded by lush greenery, right next to neghbourhood park.
• A generous 220000sqft land of low density 5-storey housing development with a very exclusive 180 units only.
• Spacious – 3 to 5 bedroom and penthouses units that are artfully crafted for multimulti-generational living.
• Within 1km radius of Nanyang Primary School and Raffles Girls’ Primary School ; Situated along the renowned Bukit Timah educational belt.
• About 8 mins walk to Tan Kah Kee MRT on the Downtown Line (DTL)
• Views of Bukit Timah Nature Reserve and City Skyline, overlooking surrounding greenery and landed estate.
• 8 exclusive penthouses, designed to embody the concept of “bungalows in the sky”, complete with cutting cutting-edge appliances and designer fittings.

Watten House Unit Mix

Watten House consists of 180 well-appointed residential units ranging from 1 to 5 bedroom units. It also boast 8 units of elegant ‘Bungalows in the sky’, which are 6 to 7-Bedroom Penthouse. These duplex Penthouse are curated exclusively for those who love the space of a landed house, with pitch roof and poised garden, and the convenience of a luxurious condominium.

Watten House is the collective creation of award-winning Ramboll Studio Dreiseitl, now part of internationally acclaimed Henning Larson, and Singapore based highly acclaimed Architects 61. Watten House is perched on elevated ground of prime Bukit Timah low rise residential enclave with lush greenery.

Drawing inspiration from the undulating structure of a mountain landscape, Watten House poised stature on elevated ground in a coveted location and priximity to Watten Park seeks to elevate tranquil living in the hill. Watten House brings out the best of next level living: the pinacle of luxury living and a bungalow in the sky, it is the ‘Nassim of Bukit Timah’. A freehold collection of 180 peerless masterpieces with timeless design that is steeped in Asian sensibilities, Watten House is specially created for those who aspire to the highest levels of living

Waters of Tranquility: Unwind in the cool waters of the 50m lap pool or simply lounge beneath the gently swaying canopy watching the sky transform into a canvas of vibrant hues, and savouring the tranquility of a perfect evening at Watten House.

WATTEN HOUSE is developed by United Venture Development (Watten) Pte Ltd (A Subsidiary of UOL), the partnnership of UOL and SingLand.

Singapore Land Group Limited

Singapore Land Group Limited (“Singland” or the “Company”), formerly known as United Industrial Corporation Limited, is a leading real estate company listed since 1971. Singland’s diversified portfolio comprises commercial investment properties, residential development properties, hotels and IT services.

The company’s portfolio of prime commercial assets includes 2.5 million square feet of office space and 1 million square feet of retail space in Singapore. These include some of Singapore’s best-known commercial and retail landmarks such as UIC Building, Singapore Land Tower, Clifford Centre, SGX Centre, The Gateway, Tampines Plaza 1 and 2, West Mall and Marina Square.

With a focus on delivering quality products of the highest standards, each of SingLand developments is also a reflection of innovative and inspirational concepts. From setting benchmarks to building landmarks, our residential and commercial portfolios represent our dedication to creative excellence and sustainable developments.

Aerial View At Watten Estate, Shelford Road – All Rights Reserved www.uolhomes.com

Watten House By UOL – Location Map

A Scenic Sanctuary

Make your home in a sensorial oasis that isinviting and idyllic; breathtaking and life giving.

Watten Estate Condominium Enbloc Clinched By UOL-SingLand JV for S$550.8m

Business Times – October 28, 2021

UOL Group and Singapore Land Group (SingLand) have clinched a tender to purchase Watten Estate Condominium (WEC).

At the price tag of S$550.8 million, the deal is a 10.2 per cent premium to the S$500 million minimum price announced by the property’s marketing agent JLL in September 2021. WEC’s last collective sale attempt was launched in July 2019 at a reserve price of S$536 million. The property was first put up for en bloc sale in 2007 at the price of S$480 million.

In their respective bourse filings on Thursday (Oct 28), UOL and SingLand disclosed that the tender was awarded to their 80:20 joint venture (JV) between United Venture Investments (UVI) and Singland Residential Development (SRD). UVI and SRD are the wholly-owned subsidiaries of UOL and SingLand, respectively. UOL is a controlling shareholder of SingLand, which was formerly known as UIC (United Industrial Corporation). UVI will pay 80 per cent of the consideration or S$440.6 million for the acquisition based on its proportion of ownership of the JV, with SRD to fund the remainder.

Acquiring WEC is in the ordinary course of business and will enable both groups to replenish their land banks for residential development in Singapore, said both groups in their announcements. SingLand added that the JV parties intend to redevelop the property into a condominium, subject to the necessary approvals from relevant authorities. Both JV parties intend to formalise their terms in connection with the property’s acquisition and redevelopment – and share risks and rewards in proportion to their subsidiaries’ equity stakes in the JV.

“The acquisition is a timely replenishment for UOL Group as most of our projects are substantially sold. The prime freehold site is located in the exclusive residential enclave at Watten Rise, which is within 1 km of 2 prestigious primary schools, Nanyang Primary and Raffles Girls’ Primary schools,” commented UOL‘s chief investment and asset officer Jesline Goh.

“Leveraging our product DNA and experience in developing luxury collection projects like MeyerHouse, a high-end project which saw healthy take-up with all of its 6 penthouses sold, we plan to develop another luxury project with about 200 larger format units on elevated ground,” she added.

According to data from the Urban Redevelopment Authority as at Oct 28, units at MeyerHouse have transacted for between S$4.4 million and S$14.2 million, at a unit price range from S$2,351 to S$2,740 per square foot (psf) over the last 2 years.

The Business Times understands from JLL that the estimated breakeven price of WEC’s redevelopment is around S$2,650 psf.

WEC comprises 104 units of townhouses and apartments built around 1983. Spanning 220,241 square feet, the freehold elevated site at 36-44 Shelford Road is zoned residential with a gross plot ratio of 1.4 and an allowable height of up to 5 storeys.

The property can be redeveloped into 286 units based on the mandatory minimum average size of 100 square metres, according to JLL.

In a press statement issued Oct 28, JLL’s executive director of capital markets Tan Hong Boon said the tender for WEC was “hotly contested” with several competitive and close bids above the S$500 million reserve price.

He noted that the $550.8 million sale price reflects a unit land rate of approximately S$1,723 psf per plot ratio, including an 8 per cent bonus gross floor area and the corresponding development charge.

“With this elevated site amidst the predominantly low-rise and landed housings in the surroundings, new units of the proposed development could potentially enjoy unblocked views over lush greenery,” said Tan.

DISCLAIMER:

While every reasonable care has been taken in preparing this wedsite, neither the Developer nor its agents will be held responsible for any inaccuracies or omissions. Visual representations, models, showflat displays and illustrations, photographs, art renderings and other graphic representations and references are intended to portray only artistic impressions of the development and décor and cannot be regarded as representations of fact. All areas and other measurements are approximate measurements and are subject to final survey. The development is subject to final inspection by the relevant authorities to comply with the current codes of practice. All information, specifications, renderings, visual representations and plans are current at the time of publication and are subject to change as may be required by the Developer and/or the relevant authorities. All statements are believed to be correct but shall not be regarded as statements or representations of fact. All plans and models are not to scale unless expressly stated and are subject to any amendments which are required or approved by the relevant authorities. The Sale and Purchase Agreement shall form the entire agreement between the Developer and the Purchaser and shall supersede all statements, representations or promises made prior to the signing of the Sale and Purchase Agreement and shall in no way be modified by any statements, representations or promises made by the Developer or its agents, which are not embodied in the Sale and Purchase Agreement.

The reader relies on the information provided herein at his/her own risk. Any information you may find in this website may be invalid over time, or inaccurate due to human error. The reader should carefully and independently consider and assess the merits and suitability of the information obtained, the investment objective, risk involved and affordability, before committing to buying any property or any investment.

Direct Property Links:

The Gazania Freehold D19 – Bartley MRT TOP Soon: www.the-gazania-lilium.sg Freehold D20, Lentor Modern At Lentor Central Launching 2022, Piccadilly Grand At Northumberland Road www.thepiccadillygrand.com.sg Launching 2022, www.lentormodern.com, The Lilium, Freehold D19 – Bartley MRT TOP Soon: www.the-gazania-lilium.sg, Canninghill Piers By Capitaland & CDL 99Y D06 , The AMO Residences, www.canninghillpiers-launch.sg, The Water Gardens 99Y – Canberra MRTwww.uol-watergardens.sg, Leedon Green Freehold D10 – Farrer Road MRTwww.leedongreen-mcl.com.sg, Midtown Modern 99Y D07 – Bugis MRTwww.guocoland-midtownmodern.com , One Bernam 99Y D02 – Tanjong Pagar MRTwww.01bernam.sg, Ki Residences – Brookvale Landed Enclave  www.kiresidences-brookvale.com.sg, Other Property New Launch: www.propertypro.com.sg, Property Market & New Launch, www.wikiproperty.com.sg, AMO Residence, AMO UOL, Meyer House, UOL Homes, UOL Residences, UOL AMK Ave 1, UOL, Propertyguru, Singapore Property, Property, AMO Residence, Lentor Hills, Lentor Modern, Lentor Guocoland, Guocoland,LentorHIlls, Watten House, Watten Estate UOL, Pinetree Hill UOL, Pine Grove Condo, Amo Residences,