{"id":109476,"date":"2019-07-30T11:39:41","date_gmt":"2019-07-30T04:39:41","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/"},"modified":"2019-07-30T12:05:59","modified_gmt":"2019-07-30T05:05:59","slug":"watten-estate-condominium-up-for-en-bloc-sale-for-536m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/","title":{"rendered":"Watten Estate Condominium up for en bloc sale for $536m"},"content":{"rendered":"


\nLocated at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft.\u00a0After factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d at $1,825 psf per pot ratio and could be redeveloped into 242 modern resort houses.
\nWatten Estate Condominium, a 104-unit freehold development in Bukit Timah, has been put up for collective sale with a reserve price of $536 million or $1,738 per sq ft per plot ratio (psf ppr).
\nNo development charge is payable.
\nLocated at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft, reported The Straits Times.
\nMarketing agent Huttons revealed that the site could be redeveloped into 242 modern resort houses, measuring 1,270 sq ft (118 sq m) on average.
\nAfter factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d at $1,825 psf ppr, noted Huttons. Recently concluded deals within the area include Crystal Tower sold at $1,840 psf ppr, City Towers at $1,847 psf ppr, Dunearn Gardens at $1,914 psf ppr and Royalville at $1,960 psf ppr.
\nWatten Estate Condominium is a mere seven-minute walk to Tan Kah Kee MRT station and is near Nanyang Primary School and Raffles Girls\u2019 Primary School.
\nWith last year\u2019s cooling measures affecting the residential collective sale market, Huttons took a different marketing approach for the big prime site by engaging a team of architects to draft a design concept for the site, said Huttons Asia investment sales head Terence Lian.
\nHuttons Asia deputy head of investment sales Angela Lim explained that the concept indicated how the site could be redeveloped into 242 modern resort houses that \u201cblend in well with its natural terrain and environment\u201d.
\n\u201cFamilies looking for a home in the Bukit Timah area would appreciate such large and resort-styled homes with lush greenery on an undulating site,\u201d she added.
\nThe tender for Watten Estate Condominium closes on 18 October.
\nVictor Kang, Digital Content Specialist at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Watten Estate Condominium up for en bloc sale for 6m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Located at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site,...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-109476","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-stK","jetpack-related-posts":[{"id":122881,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uol-singland-jv-to-acquire-watten-estate-condominium-for-550-8mil\/","url_meta":{"origin":109476,"position":0},"title":"UOL-SingLand JV to acquire Watten Estate Condominium for $550.8mil","date":"October 29, 2021","format":false,"excerpt":"\r Located along 36 to 44 Shelford Road, Watten Estate Condominium\u00a0sits on a 220,241 sq ft freehold site. Source:\u00a0JLL The tender for the collective sale of Watten Estate Condominium has been awarded to an 80:20 joint venture (JV) between United Venture Investments (UVI) and Singland Residential Development (SRD). UVI is\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/watten-estate-condominium.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":109476,"position":1},"title":"Two small condo projects up for en bloc sale","date":"July 5, 2018","format":false,"excerpt":"\r The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo: Huttons Asia) Two small condo developments \u2013 Jansen Mansion and Blossom Mansions \u2013 have joined the collective sale bandwagon, carrying a price tag of $22 million and $32.8 million respectively, revealed marketing agent Huttons\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110315,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-condominium-at-nassim-road-up-for-en-bloc-sale\/","url_meta":{"origin":109476,"position":2},"title":"Freehold condominium at Nassim Road up for en bloc sale","date":"August 29, 2019","format":false,"excerpt":"\r The four-storey condominium was completed in 2008, featuring two- and three-bedroom units as well as penthouses that range from 115 sq m to 343 sq m. The owners are asking for a reserve price of\u00a0$222.68 million or $3,508 per sq ft per plot ratio (psf ppr). Beaufort On Nassim,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110511,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dgrove-villas-up-for-collective-sale-again-with-lower-asking-price\/","url_meta":{"origin":109476,"position":3},"title":"D\u2019Grove Villas up for collective sale again with lower asking price","date":"September 5, 2019","format":false,"excerpt":"\r Subject to the relevant authorities\u2019 approval, the 45-unit development may be redeveloped into a 36-storey condominium with an allowable gross floor area of 141,120 sq ft inclusive of balconies. D\u2019Grove Villas, a freehold high-rise condominium in prime District 10, has once again been put up for en bloc sale,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pacific-mansion-up-for-en-bloc-sale-for-938m\/","url_meta":{"origin":109476,"position":4},"title":"Pacific Mansion up for en bloc sale for $938m","date":"February 7, 2018","format":false,"excerpt":"\r The prime freehold site in District 9 is located next to the upcoming Great World MRT station. (Photo: CBRE) Pacific Mansion, a freehold residential development along River Valley Close, has been put up for collective sale at a reserve price of $938 million, or $1,728 psf per plot ratio\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mayfair-gardens-up-for-en-bloc-sale-at-265m\/","url_meta":{"origin":109476,"position":5},"title":"Mayfair Gardens up for en bloc sale at $265m","date":"October 23, 2017","format":false,"excerpt":"\r The asking price works out to a land rate of around $1,058 psf per plot ratio. (Photo: Knight Frank) Mayfair Gardens off Dunearn Road has been launched for collective sale, with the owners expecting offers above the reserve price of $265 million, according to marketing agent Knight Frank. Built\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109476"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=109476"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109476\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}