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A three-bedroom unit at Watertown, a part of the Waterway Point integrated development in Punggol, will be up for auction at SRI’s upcoming event on Feb 26. The property, which is a mortgagee sale, spans 1,281 sq ft and has a guide price of $2.4 million, which translates to a price of approximately $1,874 per sq ft. This unit was previously offered for sale at SRI’s January auction, but was withdrawn as the bid received was below the reserve price.
The unit, located on the 13th floor, boasts a spacious living and dining area, an open-concept kitchen, a utility room and toilet, and a balcony facing south with views of one of the condo’s 20 swimming pools. It also includes a master bedroom with an en-suite bathroom, two additional bedrooms, and a common bathroom.
Based on URA caveats, the unit was purchased by the owners directly from the developers for a price of around $1.8 million (equivalent to $1,281 per sq ft) in October 2013. As of Feb 4, only one unit in Watertown has been sold this year – a two-bedroom unit that spans 958 sq ft and was sold for $1.7 million ($1,775 per sq ft) on Jan 19. In 2020, a total of 41 resale transactions took place at Watertown, with an average price of $1,700 per sq ft.
According to Eric Liew, manager of auctions and sales at SRI, larger units in the development tend to see higher demand and can fetch higher per sq ft prices. Out of the 41 resale transactions at Watertown last year, 10 involved units with three or more bedrooms, which were sold at an average price of $1,854 per sq ft, approximately 9% higher than the overall average for the development.
Liew adds that most of the interest in Watertown comes from HDB upgraders looking for a good deal and those who plan to make the unit their main residence due to its close proximity to Punggol MRT Station. Watertown, completed in 2017, is an integrated development with 992 units spread across 11 residential towers on top of the six-storey Waterway Point shopping mall. It offers one- to two-bedroom units ranging from 533 to 1,003 sq ft and three- and four-bedroom units ranging from 821 to 1,582 sq ft.
Waterway Point is connected to Punggol MRT Station, which is part of the North East Line, and also linked to Punggol LRT Station. The development was jointly developed by Far East Organization, Frasers Centrepoint, and Sekisui House. The surrounding area also offers several primary schools, such as Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Compassvale Primary School, and Punggol Cove Primary School.
Check out the latest listings for Watertown, Condominium propertiesAsk BuddyCompare price trend of HDB vs Condo vs LandedCompare price trend of Condo new sale vs EC new saleCompletion year of WatertownAre there unprofitable transactions in Watertown?Compare price trend of New sale condo vs Resale condoCompare price trend of HDB vs Condo vs LandedCompare price trend of Condo new sale vs EC new saleCompletion year of WatertownAre there unprofitable transactions in Watertown?Compare price trend of New sale condo vs Resale condo
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