The 99-year leasehold Watertown project in Punggol has seen strong sales over the four-day Chinese New Year break, with about 215 residential units sold.
As of yesterday, total sales climbed to over 500 units with prices ranging between S$980 psf and S$1,500 psf. Sales for the project began last Wednesday and the developer has now released 596 of its 992 units.
Singaporeans accounted for about 90 percent of the buyers, while the rest were permanent residents (PRs) and foreigners.
Aside from the 11 residential towers, the Watertown project is part of a S$1.6 billion mixed development which includes Waterway Point, a four-storey retail mall that links to Punggol MRT station.
Spanning two levels above the ground and two more in the basement, Warterway Point will offer a net lettable area of around 370,000 sq ft and includes a Shaw Theatres IMAX cinema.
Retail shops will make up 40 percent of the tenancy, 30 percent will go to food and beverage, while entertainment will take 15 percent. The remainder is allocated to banks, educational institutions and community amenities.
Watertown is being jointly developed by Far East Organization, Frasers Centrepoint and Japanese firm Sekisui House, Ltd.
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