Watten House Price – Successful Tender Price
UOL Group and Singapore Land Group’s joint venture secured the purchase of Watten Estate Condominium located on Shelford Road in Bukit Timah with a winning bid of $550.8 million, translating into an average land rate of approximately $1,723 psf per plot ratio which included an 8% bonus gross floor area and development charges.
Watten Estate Condominium was completed in 1983 and houses 104 townhouses and apartments on its freehold site of 220,241 square feet zoned for residential use by the Urban Redevelopment Authority’s 2019 Master Plan. If redeveloped as planned with minimum average unit sizes of 100 sqm (1,076.4 square feet), approximately 286 units could potentially be created here.
At its location in a low-rise, landed housing estate, this proposed development could offer unobstructed views of surrounding greenery. District 11’s highly desired address lies just 1km away from Nanyang Primary and Raffles Girls’ schools which could make its future residents much sought after tenants.
|Land Location||SUCCESSFUL SALE PRICE||PER SQ FT PER PLOT RATIO|
|Bukit Timah||$550,800,000||$1,723 psf per plot ratio (psf ppr), including 8% bonus gross floor area and the corresponding development charge|
Watten House Price – Nearby Properties Transacted Price
Below is a summary of the transaction data for condominiums near Watten House Condo that are less than five years old:
- Dunearn 386: This freehold property located 578m away is still under construction (U/C) and comprises 35 units. Prices per square foot (psf) range from S$2,559 to S$2,614, with an average of S$2,578. The rental yield is 3.7%, with rent ranging from S$6.63 to S$9.33 psf per month. The annual capital gain is 0.8%.
- Fourth Avenue Residences: This 99-year leasehold property, completed in 2022, has 476 units and is 1,414m away. Prices psf range from S$2,410 to S$2,758, averaging S$2,607. Rent ranges from S$6.35 to S$12.00 psf per month, offering a 3.6% rental yield. The annualised capital gain is 2.5%.
- Wilshire Residences: This freehold condominium, 1,887m away, is still U/C with 85 units. The property has a psf price range of S$2,600 to S$2,919, averaging S$2,741. The annual capital gain is 1.5%.
- RoyalGreen: Completed in 2021, this freehold condo, 1,776m away, has 285 units. Its psf price ranges from S$2,590 to S$3,003, averaging S$2,787. Rent ranges from S$6.00 to S$9.69 psf per month, and it offers a 3.2% rental yield. The annualised capital loss is -1.5%.
- Leedon Green: This freehold property, still U/C and 1,980m away, comprises 638 units. Prices range from S$2,339 to S$3,467 psf, with an average of S$2,862. The annual capital gain is 0.1%.
Each of these condos presents unique investment opportunities. For future residents of Watten House Condo, this data can be useful for understanding the market rates and rental yields in the surrounding area.
|NEARBY NEWER CONDO AROUND WATTEN HOUSE AT DISTRICT 11||HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHS||COMPLETION|
|Leedon Green||$3,467||Under Construction|
|FOURTH AVENUE RESIDENCES||$2,758||2022|
|DUNEARN 386||$2,614||Under Construction|
WATTEN HOUSE PRICE – ESTIMATE INDICATIVE / LAUNCH PRICE
|A) Land Cost||$1,723|
|B) Construction Cost (estimate)||$450|
|C) Profit Margin + Other Expenses (30% x [A+B] )||$652|
|Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE)||$2,825|
Latest Information Watten House Price List As At Sunday, December 3rd 2023 updated, Register to receive the price list and book showflat appointment!