Within just five hours yesterday, over 160 of the 250 units released were sold at the preview of Watertown, the first integrated waterfront residential and retail development in Singapore.
Almost 90 percent of the buyers were Singaporeans, with the SOHO Apartments and Suites receiving the most interest.
Considered the largest private development in Punggol Central, Watertown is jointly developed by Frasers Centrepoint Limited, Far East Organization and Sekisui House, Ltd, which is the largest home builder in Japan.
“Watertown marks yet another milestone for Sekisui House, Ltd. as our largest investment to date in Singapore,” commented Isami Wada, Chairman and Chief Executive Officer of Sekisui House.
Situated at the heart of Singapore’s first eco-town, the 992-unit development comprises Suites, SOHO Apartments, Sky Patios, and Residences. It also features Waterway Point, a retail and lifestyle hub with close to 370,000 sq ft of net lettable retail space, al fresco waterfront dining and a Shaw Theatres IMAX cinema.
Watertown is served by a comprehensive public transport network and will be integrated with a planned town square and riverside promenade for community events. Complementing Punggol’s eco-town aspirations, Watertown will also integrate green elements, coutesy of Sekisui House.
More Watertown units will be released at its official launch on 20 January.
The development is set to be completed in 2017, while Waterway Point will be ready in 2015.
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