Three-bedroom unit at Watertown for sale at $2.2 mil

Singapore Realtors Inc will be auctioning off a three-bedroom unit at Watertown in Punggol on 24 August, with a guide price of $2.2 million. The 1,259sq ft, 13th floor unit overlooks one of the swimming pools and features a living and dining room, en suite master bedroom, two bedrooms, a common bathroom, kitchen, utility room, yard and toilet.This will be the first time the flat has been listed for mortgage sale. Prices at Watertown have been climbing from $1,321 per square foot (psf) in August 2019 to $1,689 psf this month.The condominium is a 99-year leasehold jointly developed by Far East Organization, Frasers Centrepoint and Sekisui House, and is part of the larger Waterway Point complex, which was completed in 2017. The development is made up of 11 residential blocks and sits above a six-storey shopping mall. It is connected to Punggol MRT Station on the North-East Line and Punggol LRT Station.Two of the most expensive units at Watertown have changed hands this year; one in July for $2.8 million ($1,885 psf), and one in March for $2.52 million ($1,858 psf). Primary schools near the condominium include Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Punggol View Primary School and Valour Primary School.

Watertown in Punggol Central will be the subject of a mortgagee sale at Singapore Realtors Inc. (SRI) upcoming auction on the 24th of August. With a 1,259 sq ft unit available and a guide price of $2.2 million, this unit works out to $1,747 psf.

The 13th-floor unit of this 99-year leasehold joint development by Far East Organization, Frasers Centrepoint and Sekisui House features a living and dining room with a south-facing balcony that overlooks one of the swimming pools in the condo. Connected to the living and dining room is a kitchen, utility room, yard, and toilet.

Completing the condo are an en-suite master bedroom alongside two more bedrooms and a common bathroom. Prices in the area have been steadily increasing, from about $1,321 psf in August 2019 to the current $1,689 psf. This prices it higher than nearby similar condos such as A Treasure Trove ($1,342 psf) at Punggol Walk and Parc Centros ($1,401 psf) at Punggol Central.

Residents of Tengah Plantation EC will be able to enjoy a variety of lifestyle amenities and facilities that this development has to offer. From indoor swimming pool, gym, clubhouse, and playground to a range of shops and eateries, every kind of convenience is accessible to its occupants. Moreover, the station in Tengah Town is easily connected to the public transport, so that residents are able to move around without any hassle.

Situated prominently at Waterway Point, an integrated commercial and residential project, the condo is located in the centre of the Punggol HDB new town, shopping mall, and MRT station. It offers various unit types from two- and three-bedroom condo units, two- and three-bedroom suites, Soho-style apartments and Sky Patios, the latter being two- to four-bedroom units.

There are several nearby primary schools, such as Edgefield Primary School, Oasis Primary School, Punggol Green Primary School, Punggol View Primary School, and Valour Primary School.

This will be the first time that this unit has been listed for mortgagee sale. Its sale offers potential buyers the intriguing opportunity to acquire a property which, judging from the record prices achieved by other units here, could be a great investment.