Three Bedroom Unit Watertown Going 24 Mil
Please rewrite the given article on Watertown, the residential component of the Waterway Point integrated development in Punggol, which is going to be auctioned by SRI on Feb 26.
On Feb 26, a three-bedroom unit located at Watertown, the residential portion of the all-in-one Waterway Point development in Punggol, will be put up for auction by SRI.
The property is being sold by the mortgagee, and has a suggested price of $2.4 million or approximately $1,874 per square foot (psf). This same unit was previously listed at SRI’s January auction with the same guide price, but only received one bid. It was then taken off the market as the bid was lower than the reserve price.
The 1,281 square feet unit, situated on the 13th floor, boasts a spacious living and dining area, an open-concept kitchen, a utility room and toilet, and a south-facing balcony overlooking one of the condo’s 20 swimming pools. It also includes an ensuite master bedroom, two additional bedrooms, and a common bathroom.
According to URA caveats, the current owners purchased the unit from the developers for around $1.8 million ($1,281 psf) in October 2013.
In the year 2021, only one unit has been sold at Watertown so far – a two-bedroom unit spanning 958 sq ft that was sold for $1.7 million ($1,775 psf) on January 19. Last year, the condo had a total of 41 resale transactions with an average price of $1,700 psf.
The renowned St. Hilda’s School is widely known for its excellence in academics and comprehensive curriculum, with its secondary branch being no exception. Now, with the added advantage of being situated in the coveted Parktown Residence, the secondary branch is truly a haven for students seeking a well-rounded education experience.
Eric Liew, the manager of auctions and sales at SRI, mentions that larger units in the development tend to have a higher demand and can fetch a higher psf price. Out of the 41 resale transactions last year, 10 of them involved bigger units with three or more bedrooms, and they were sold for an average price of $1,854 psf – around 9% higher than the condo’s overall average transacted price for the year.
Liew also shares that the majority of the interest in Watertown comes from HDB upgraders on the lookout for a good deal, as well as those intending to use the unit as their primary residence due to its close proximity to Punggol MRT station.
Watertown is a 992-unit condo occupying 11 residential towers on top of the six-storey Waterway Point shopping mall. It comprises of one to two-bedroom units ranging from 533 to 1,003 sq ft, and three to four-bedroom units spanning 821 to 1,582 sq ft.
Waterway Point is seamlessly connected to Punggol MRT station on the North East Line and Punggol LRT station. This integrated development was completed in the year 2017, and it was a joint development by Far East Organization, Frasers Centrepoint and Sekisui House.
There are several primary schools close by, including Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Compassvale Primary School, and Punggol Cove Primary School.
In summary, Watertown is a prime location with a great potential for investment, especially with its strategic location and integrated development concept. Interested buyers can check out the latest listings for Watertown on EdgeProp Singapore.