Friday, February 10, 2012

Watertown (Review) - Part 1

Anyone who has not been living under a rock must have heard about the latest selling sensation that is Watertown by now. This is the first integrated waterfront residential and retail development in Punggol (District 19), located right besides the Punggol MRT/LRT stations and Punggol waterway.


For those who are unfamilar with Punggol Waterway (the wife and I certainly weren't), this $225-million feature, called My Waterway@Punggol, was constructed by damming two rivers at the east and west of Punggol, the Sungei Serangoon and Sungei Punggol, to form two reservoirs to meet Singapore's increasing water needs. Taking 2-1/2 years to construct, the waterway has pedestrian and cycling paths on both banks, four footbridges, viewing platforms, exercise and water- play areas and plenty of lush landscaping. It was declared open by our Prime Minister on 23 Oct 2011.


Now back to Watertown... this is another 99-year leasehold project jointly developed by Far East Organization, Frasers Centrepoint and Sekisui House (remember Boathouse Residences & The Luxurie?). It consists of 992 apartment units integrated with about 320,000sqft of retail and commercial spaces spread over 4 levels (i.e. Basement 2 to 2nd storey). There is even a Shaw Theatres with IMAX!

The project offers a mix of SOHO, Suites, Condos and Sky Patios and expects to TOP in 1Q 2017. You can click  HERE  to access general info about Watertown and its apartment types.


When the wife and I visited the sales gallery earlier this week, it was buzzing with activities despite it being a weekday afternoon (many people seem to have "flexible" working hours like we do).


We understand that Watertown has started selling since Jan 18 and in just a span of three weeks, about 75% of the units have already been sold. All the 1- and 2-bedder suites are sold out, as with the 2- and 3-bedroom condo units. So what's remain are just the SOHOs and Sky Patio units.


Watertown is a full-facility condo project. And with most Far East "involved" projects, you can expect all the "bells & whistles" plus a couple of extras, including 2 tennis-courts (located on the roof level of Tower 5). And although the project consists of both residential and retail units, the parking lots are distinct from each other and access is via separate dedicated entrances - the carpark entrance for residents is along Punggol Walk while the entrance for shoppers is via Punggol Central.


In our next post, we will review the 3-bedroom sky patio and provide you with our thoughts on this unit type and what we like/dislike about Watertown.

Have  a good weekend!

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