Property developers Far East Organization, Frasers Centrepoint Limited and Sekisui House, Ltd. are ushering in Chinese New Year with the joint launch of the 992-unit Watertown.
Located in Punggol Central and boasting scenic views of the Punggol Waterway, the project will be Singapore’s first integrated waterfront residential and retail development.
It comprises Suites, SOHO Apartments, Sky Patios and Residences, as well as a lifestyle and retail hub called Waterway Point, which includes al fresco dining and a Shaw Theatres IMAX cinema.
The project is also within close proximity to the Punggol MRT and LRT stations as well as bus interchange.
“Watertown underscores the government’s vision to transform Punggol into a vibrant waterfront city of the 21st Century,” said Mr Philip Ng, CEO of Far East.
The starting price for units is S$1,080 psf. Watertown will be launched for sale this Chinese New Year and is estimated to be completed in five years time.
Meanwhile, this month has seen a slew of new property launches which is unusual as it is a traditionally quiet period. Other projects that were recently unveiled include Riversound Residence, a condominium by Qingjian Group and The Rainforest executive condominium (EC) by City Developments Limited (CDL).
“Since the implementation of the fifth round of cooling measures, developers may be looking to test market sentiment but in a cautious manner. One direct way is to offer residential projects that are attractively priced and with strong attributes to see how buyers react,” said Png Poh Soon, Head of Research and Consultancy at Knight Frank.
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