UOL and SingLand sold 31 additional Watten House units during the public launch of the project; now 74% has been sold

As of Mar 16, joint venture partners UOL Group, Singapore Land Group (SingLand), and Singapore Land Group have sold 133 or 74% of the 180 Watten House units. This follows the sale of 31 units following the official launch of the project on Mar 2. The units sold were 102 of the 180 that were available at a private preview in November.

The average price per square foot was S$3,250. Seven of the eight exclusive penthouses attained prices between S$11.7 and S$14.5 millions, or S$3,440 to S$3,550 per square foot.

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Anson Lim, UOL’s general manager of residential marketing, stated that in addition to the almost-sold-out penthouses and four-bedroom units, more than 80 percent of its five-bedroom units were also sold.

Watten House is a tranquil sanctuary in which it’s rare to find large-format freehold apartments. Three-bedroom-plus-study units spanning 1,539 square feet (sq ft), as well as five-bedroom units covering 2,368 sq ft with private lifts remain available. 95% of buyers are Singaporeans and Singapore permanent residents. The rest is made up of foreign buyers, mainly from Switzerland and the US. UOL shares fell 0.9 percent or S$0.05 to S$5.65 while SingLand closed at S$1.80.

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