With an average price of $3,230 psf, UOL-SingLand sells 57% of Watten House
Company with a Singapore exchange The joint venture partners, UOL Group and Singapore Land Group (SingLand), of Grand Dunman declared that 102 units, or 57% of the 180 flats available during the private preview of Watten House and Grand Dunman Virtual Tour on November 18th, had been sold. Freehold condos on Shelford Road in desirable district 11 were selling for an average of $3,230 per square foot and updated their balance unit chart.
Lauten House has been a successful year-end for UOL and SingLand, according to Liam Wee Sin, CEO of UOL Group. The 220,241 sq ft lot is where the new high-end construction will be located.
According to Anson Lim, the general manager of UOL (residential marketing), three out of eight penthouses in the complex were sold. Among the 102 purchasers, 96% were permanent residents or Singaporeans, and their stated motivations for the purchase included investment and owner occupation, as reported by Lim.
The “rarity and potential upside due to Watten House’s location in a predominantly Good Class Bungalow locale with nearby renowned schools and lifestyle amenities” are the reasons that Lim believes are responsible for the strong sales of the property, as stated by Lim.
According to Liam, the design of the project was yet another disadvantage they faced. “Our design concept is of a palatial home characterized by an Asian touch, with vernacular roofs and elegant proportions,” according to the architect.
Following the purchase of the Watten Estate Condo by UOL and SingLand in October 2021 for a total price of $550.8 million, the structure was subsequently destroyed and reconstructed as Watten House.
Next year, after the public opening of Watten House, UOL will close down the show flats and sales gallery. The private preview for Watten House will take place this past weekend (November 18-19), and it will take place this summer.
Visit Provence Residences for Showflat Visitng.