{"id":71296,"date":"2023-11-27T20:02:45","date_gmt":"2023-11-27T12:02:45","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=71296"},"modified":"2023-11-27T20:02:45","modified_gmt":"2023-11-27T12:02:45","slug":"watten-house-breaks-records-district-11-s14-212m-sale","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/watten-house-breaks-records-district-11-s14-212m-sale\/","title":{"rendered":"Watten House shatters records in District 11 with S$14.212M sale"},"content":{"rendered":"
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Recently, new launch condos<\/a>\u00a0have been making headlines, breaking records<\/a> and setting new standards in the real estate market. <\/span><\/p>\r\n\r\n\r\n\r\n

Among these developments, Watten House<\/a> stands out as another prime example of success. During its preview on November 18, the luxury condominium in Bukit Timah<\/a> exceeded expectations, with over half of its 180 units sold<\/a>. <\/span><\/p>\r\n\r\n\r\n\r\n

And one transaction in particular stood out:<\/span><\/p>\r\n\r\n\r\n\r\n

Watten House’s record-breaking sale<\/b><\/h2>\r\n\r\n\r\n\r\n

Watten House, located at Shelford Road, Bukit Timah, has garnered attention for its record-breaking sale of S$14.212 million.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

This double-storey, 6-bedroom penthouse, part of the prestigious Sky Villa Prestige Collection, is situated on the 5th floor of block 40. With an expansive floor area of 4,080 square feet, the property boasts a luxurious living space.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

The price per square foot (psf) is an impressive S$3,484, reflecting the exclusivity and desirability of this prime piece of real estate.<\/span><\/p>\r\n\r\n\r\n\r\n

\"Watten<\/a>\r\n
Image credit: UOL Group and Singapore Land Group (SingLand)<\/figcaption>\r\n<\/figure>\r\n\r\n\r\n\r\n

Watten House sales transactions trend<\/b><\/h2>\r\n\r\n\r\n\r\n

The collaboration between UOL Group and Singapore Land Group (SingLand) resulted in the successful sale of 57% of the luxury freehold project, totaling 102 units.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n

The average price achieved on the first day of the preview was around S$3,230 psf.<\/a> Notably, three out of the eight penthouses, including the Sky Villa Prestige Collection at Watten House, were sold, with prices ranging from S$11.7 million to S$14.5 million.<\/span><\/p>\r\n\r\n\r\n\r\n

In terms of unit types, Watten House offers larger living spaces, starting with three-bedders priced from S$3 million, four-bedders exceeding S$5 million, and five-bedders starting from S$7.4 million.\u00a0<\/span><\/p>\r\n

Check your affordability with 99.co’s affordability calculator<\/a>!<\/p>\r\n\r\n\r\n\r\n\r\n\r\n

A staggering 96% of the buyers are Singaporeans and Singapore permanent residents, emphasising the appeal of Watten House for families, given its family-friendly unit sizes and proximity to various schools in the area.<\/span><\/p>\r\n\r\n\r\n\r\n

As of now, here’s a table of the most expensive transactions in Watten House:<\/span><\/p>\r\n\r\n\r\n\r\n

\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n\r\n
Date<\/b><\/td>\r\nBlock<\/b><\/td>\r\nUnit floor<\/b><\/td>\r\nBedroom<\/b><\/td>\r\nFloor area (sqft)<\/b><\/td>\r\nPrice<\/b><\/td>\r\nUnit price PSF<\/b><\/td>\r\n<\/tr>\r\n
17\/11\/2023<\/span><\/td>\r\n40<\/span><\/td>\r\n5<\/span><\/td>\r\n6<\/span><\/td>\r\n4,080<\/span><\/td>\r\n14,212,000<\/span><\/td>\r\n3,484<\/span><\/td>\r\n<\/tr>\r\n
17\/11\/2023<\/span><\/td>\r\n38<\/span><\/td>\r\n5<\/span><\/td>\r\n5<\/span><\/td>\r\n3,412<\/span><\/td>\r\n11,712,000<\/span><\/td>\r\n3,432<\/span><\/td>\r\n<\/tr>\r\n
18\/11\/2023<\/span><\/td>\r\n48<\/span><\/td>\r\n4<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,787,000<\/span><\/td>\r\n3,288<\/span><\/td>\r\n<\/tr>\r\n
18\/11\/2023<\/span><\/td>\r\n48<\/span><\/td>\r\n3<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,787,000<\/span><\/td>\r\n3,288<\/span><\/td>\r\n<\/tr>\r\n
18\/11\/2023<\/span><\/td>\r\n48<\/span><\/td>\r\n4<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,749,000<\/span><\/td>\r\n3,272<\/span><\/td>\r\n<\/tr>\r\n
18\/11\/2023<\/span><\/td>\r\n48<\/span><\/td>\r\n3<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,749,000<\/span><\/td>\r\n3,272<\/span><\/td>\r\n<\/tr>\r\n
17\/11\/2023<\/span><\/td>\r\n40<\/span><\/td>\r\n5<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,729,000<\/span><\/td>\r\n3,264<\/span><\/td>\r\n<\/tr>\r\n
18\/11\/2023<\/span><\/td>\r\n42<\/span><\/td>\r\n5<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,659,000<\/span><\/td>\r\n3,234<\/span><\/td>\r\n<\/tr>\r\n
18\/11\/2023<\/span><\/td>\r\n40<\/span><\/td>\r\n4<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,649,000<\/span><\/td>\r\n3,230<\/span><\/td>\r\n<\/tr>\r\n
18\/11\/2023<\/span><\/td>\r\n40<\/span><\/td>\r\n3<\/span><\/td>\r\n5<\/span><\/td>\r\n2,368<\/span><\/td>\r\n7,649,000<\/span><\/td>\r\n3,230<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n

The highest transaction is under the Sky Villa Prestige Collection, a 6-bedder. Up next is a unit under the Sky Villa Luxury Collection, which is smaller and has one less bedroom. <\/span><\/p>\r\n\r\n\r\n\r\n

The rest of the properties are all 5-bedders of the same size, falling within the 7 million mark.<\/span><\/p>\r\n\r\n\r\n\r\n

What led to the Watten House S$14.212M sale?<\/b><\/h2>\r\n\r\n\r\n\r\n

Limited supply and demand factors<\/b><\/h3>\r\n\r\n\r\n\r\n

The success of Watten House can be attributed to various factors. Limited supply of new private condominiums in the Shelford Road<\/a> area, with only two new freehold projects in the prime district in 2023 (Watten House and Orchard Sophia<\/a>), has significantly contributed to the high demand for properties in this location.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n