Built around 1983, Watten Estate Condominium underwent one of the biggest en bloc sales in 2021, for $550.8 million price tag, or 10 per cent higher than the minimum price of $500 million announced by the property's marketing agent JLL in September.
The property can be redeveloped into 205 units based on the mandatory minimum average size of 100 sq m.
The redeveloped project will be called Watten House.
28 Oct 2021
A joint venture between UOL Group and Singapore Land Group (SingLand) has won the tender for Watten Estate Condominium in Bukit Timah with a $550.8 million bid.
If successfully completed, it will be Singapore's biggest residential collective sale by quantum to date this year.
That distinction though may not last long, with collective sales heating up in 2021. The owners of Chuan Park Condominium, a 99-year property in Lorong Chuan, are asking for $938 million in a tender that closes on Nov 18.
Watten Estate Condominium's $550.8 million price tag is about 10 per cent higher than the minimum price of $500 million announced by the property's marketing agent JLL in September.
The Shelford Road property is located in the prime residential enclave at Watten Rise, which is within 1km of two popular primary schools: Nanyang Primary School and Raffles Girls' Primary School.