{"id":55567,"date":"2017-05-22T05:00:01","date_gmt":"2017-05-21T22:00:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/rare-sea-facing-landed-homes-to-launch-in-sembawang\/"},"modified":"2017-05-22T05:03:22","modified_gmt":"2017-05-21T22:03:22","slug":"rare-sea-facing-landed-homes-to-launch-in-sembawang","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rare-sea-facing-landed-homes-to-launch-in-sembawang\/","title":{"rendered":"Rare sea-facing landed homes to launch in Sembawang"},"content":{"rendered":"


\nArtist\u2019s impression of Watercove, an 80-unit freehold strata landed project. Image source: Bukit Sembawang Estates
\nA new freehold strata landed housing development located next to Sembawang Park at the end of Sembawang Road is expected to go on sale soon.
\nCalled Watercove, the 80-unit project is being developed by Bukit Sembawang Estates. Over the years, the rubber company turned property developer has built thousands of landed homes in Seletar Hills, Sembawang and Ang Mo Kio.
\nIts newest project will comprise 54 intermediate terrace units from 3,200 sq ft to 3,400 sq ft, 22 corner terrace units (3,300 to 4,400 sq ft) and four semi-detached units (3,250 to 3,700 sq ft).
\nThe design of the homes is inspired by Sembawang\u2019s colonial black-and-white bungalows. PropertyGuru also understands that more than 40 percent of the units will face the sea.
\nThree MRT stations, namely the Sembawang, Yishun and future Canberra stations are a short drive away, while several shopping malls and schools are situated within the vicinity.
\nWork has commenced on the project, which is expected to be completed by the end of 2020.
\nProperty agencies CBRE and Edmund Tie & Co. are jointly marketing Watercove. Responding to queries, Joseph Tan, Executive Director (Residential) at CBRE, said prices are expected to start from $2.28 million, which is comparable to other strata landed projects.
\nHe cited the examples of Alana and Belgravia Villas in Yio Chu Kang, which are priced from $2 million to $3.5 million and $2.5 million to $3.6 million, respectively.
\n\u201cSince 2014, prices of strata landed houses have softened by about 11 percent because of the property cooling measures. They are more affordably priced now and have been able to attract more buyers in Q1 2017,\u201d he noted.
\nAside from greater affordability, there are other benefits for buyers. \u201cStrata landed homes offer ample living space and is particularly attractive to multi-generational households with a full suite of common facilities within a gated, secure compound,\u201d said Tan.
\nIn addition, their supply is becoming rarer, with developers building fewer strata landed units due to more stringent rules introduced in August 2014 to limit their numbers.
\nMeanwhile, Tan believes the government\u2019s plan to develop the North Coast Innovation Corridor, which covers Woodlands Regional Centre, Seletar Regional Centre, Sembawang Shipyard and Punggol Creative Cluster, as well as improved transport infrastructure such as the upcoming North-South Corridor and Thomson-East Coast Line, could lead to future property price appreciation in the area.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Rare sea-facing landed homes to launch in Sembawang<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Watercove, an 80-unit freehold strata landed project. Image source: Bukit Sembawang Estates...<\/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-55567","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-esf","jetpack-related-posts":[{"id":59959,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bukit-sembawang-sells-18-watercove-units-ahead-of-launch\/","url_meta":{"origin":55567,"position":0},"title":"Bukit Sembawang sells 18 Watercove units ahead of launch","date":"July 6, 2017","format":false,"excerpt":"\r Urban Redevelopment Authority caveats showed that the units were sold from around S$2.3 million, which works out to an average psf price of around S$738. (Image: Bukit Sembawang Estate) Watercove, Bukit Sembawang Estate\u2019s seafront project, sold at least 18 units ahead of its official launch on Saturday, reported The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60063,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seafront-living-at-its-finest\/","url_meta":{"origin":55567,"position":1},"title":"Seafront living at its finest","date":"July 7, 2017","format":false,"excerpt":"\r Modern architecture, thoughtful design, resort-style facilities, convenient amenities, luxurious comfort, coupled with the development\u2019s unique seafront location, make Watercove an ideal choice for both new homeowners and discerning investors. (Images: Bukit Sembawang Estates) Special Advertising Feature Not many houses in Singapore can boast of having direct seafront access, except\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/07\/LR-WATERCOVE_LAP-POOL_FNL-1024x576.jpg?fit=1024%2C576&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":62763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-rare-find-in-the-north\/","url_meta":{"origin":55567,"position":2},"title":"A rare find in the north","date":"August 4, 2017","format":false,"excerpt":"\r Bukit Sembawang Estates\u2019 latest freehold strata landed housing development Watercove offers residents the perfect blend of landed and condominium lifestyles right next to the sea. Special Advertising Feature Cluster developments are hugely popular among discerning home buyers in Singapore, and its easy to see why: residents can look forward\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/08\/LR-WATERCOVE_LAP-POOL_FNL.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":56008,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/news-roundup-may-2017\/","url_meta":{"origin":55567,"position":3},"title":"News Roundup (May 2017)","date":"May 26, 2017","format":false,"excerpt":"\r Our top Singapore property stories. Rare sea-facing landed homes to launch in Sembawang A new freehold strata landed housing development located next to Sembawang Park at the end of Sembawang Road is expected to go on sale soon. Called Watercove, the 80-unit project is being developed by Bukit Sembawang\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/05\/Shunfu-Ville-1024x599.jpg?fit=1024%2C599&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":83517,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/makeway-view-sold-for-168m-to-bukit-sembawang\/","url_meta":{"origin":55567,"position":4},"title":"Makeway View sold for $168m to Bukit Sembawang","date":"March 23, 2018","format":false,"excerpt":"\r Makeway View comprises 28 apartments and four penthouses, and is close to Newton MRT interchange. (Photo: Edmund Tie & Co) The freehold Makeway View condominium in Newton has been sold to Bukit Sembawang Estates for $168 million, marketing agent Edmund Tie & Co said on Thursday (22 Mar). Completed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-park-towers-sold-to-bukit-sembawang-for-345-million\/","url_meta":{"origin":55567,"position":5},"title":"Katong Park Towers sold to Bukit Sembawang for $345 million","date":"March 16, 2018","format":false,"excerpt":"\r The sale price is about 20 percent above the reserve price of $288 million. (Photo: Cushman & Wakefield) Katong Park Towers in District 15 has been sold to a subsidiary of Bukit Sembawang Estates for $345 million, about 20 percent above the reserve price of $288 million, said Cushman\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\/55567"}],"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=55567"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/55567\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=55567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=55567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=55567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}