The Watten House property has been listed for collective sale with a starting bid of $500 million

Watten House condo 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.

The former Watten Residences is a brand-new freehold condominium located near Shelford Road. This project is located in Bukit Timah, near Tan Kah Kee MRT Station (DT8) and Botanic Gardens MRT Station (CC19) on the Downtown Line (DTL) and Circle Line (CCL). It is highly sought-after for its exceptional location, with 286 homes in five-story blocks. Aside from the short walk to Singapore's finest schools, take advantage of the numerous eating and retail facilities in the region and absorb in the gorgeous walkways and lush vegetation for an unhurried, calm, and peaceful existence.

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 700 meters from Tah Kah Kee MRT Station. Coronation Shopping Plaza, King's Arcade Shopping Centre, Crown Centre, Cluny Centre, Serene Centre, and Adam Road Food Centre are all nearby. Watten House is located in the premium residential enclave of Watten Rise, within 1km of an excellent school such as Nanyang Primary School and Raffles Girls School.

The bourses of their respective firms submitted papers on Thursday (Oct 28), UOL and SingLand revealed their joint venture 80:20 (JV) with United Venture Investments (UVI) and Singland Residential Development (SRD) received tenders. UVI and SRD are wholly owned subsidiaries of UOL, SingLand, and SingLand, respectively. UOL is also the primary shareholder in SingLand, which was originally known as UIC (United Industrial Corporation). UVI will pay 80 percent of the acquisition cost, or S$440.6 million, based on its share of ownership in the JV, with SRD covering the remainder.

According to both parties when they made their remarks, the acquisition of WEC is a regular commercial operation that will allow both parties to refill their property reserves for the construction of residential properties in Singapore. According to SingLand, the JV partners intend to convert this property into a condo subject to the necessary clearances from the appropriate authorities. Both JV parties intend to codify the agreements they agreed to in connection with the property's acquisition and redevelopment, as well as share earnings and risks proportionally to their affiliates' holdings in the JV's equity.

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. Contact Watten House right now.

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.