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Market Updates March 2024 – Watten House Sees Strong Sales Performance
About Market Updates March 2024 | Watten House, a collaborative effort between UOL and SingLand, has reported robust sales, with 74% of its 180 units sold since its launch. The average selling price per square foot (PSF) stands at approximately SGD3,250. Notably, seven out of eight exclusive penthouses were sold within the range of SGD11.7 million to SGD14.5 million. Home buyers showed a preference for 4-bedders and 5-bedders. An exclusive private preview held in November 2023 saw 102 units sold prior to the official launch. Singaporeans and Singapore Permanent Residents (PRs) accounted for about 95% of the buyers, with the rest being mainly from the USA and Switzerland.
Cuscaden Reserve Achieves 56% Sales Rate at Relaunch
Cuscaden Reserve relaunched successfully, selling 46 units, which accounts for 56% of the units offered for sale. The average selling price per square foot (PSF) was slightly over SGD3,000. Majority of the units sold were two-bedroom units. Currently, there are 134 units available for sale out of the 192 units.
Read also: Cuscaden Reserve Relaunches with Lower Prices
Artist’s Impression of Cuscaden Reserve
Market Updates March 2024 – Construction Begins on NS Square at Marina Bay
Construction has commenced on NS Square at Marina Bay, with completion expected in 2027. This national landmark will feature a permanent stage and grandstand accommodating around 30,000 people, surpassing The Float @ Marina Bay’s capacity. NS Square will host various events, including the Marina Bay year-end countdown and National Day Parade. Additionally, it will house a National Service-themed gallery and other public amenities such as a water sports center and eateries. Defence Minister Ng Eng Hen emphasized its significance as a tribute to national servicemen and their families.
33 Devonshire Available for Rent
33 Devonshire, a 21-unit condominium development, is now available for rent either wholly or individually. The monthly asking rent ranges around SGD8 PSF, translating to approximately SGD8,000 for a 2-bedroom unit and SGD10,000 for a 3-bedder. Set to obtain its Temporary Occupation Permit (TOP) in Q1 2024, the development offers units with private balconies and large full-length windows. Its strategic location near Orchard Road shopping belt and Somerset MRT station enhances its attractiveness.
Artist’s Impression of Watten House
Market Updates March 2024 – St Regis Residences Penthouse Fails to Attract Bidders
Despite a 14% price reduction to SGD15.5 million, the luxury penthouse at St Regis Residences failed to attract bidders during its third auction. Owned by Jonathan Tahir, scion of the Indonesian Tahir family, the 5-bedroom suite spans around 6,684 sq ft and offers a panoramic view and private pool. The penthouse will now seek a private sale. This lack of interest reflects challenges faced by developers amid the Singapore government’s measures against money laundering and high stamp duties on foreign buyers.
Read also upcoming launches: Meyer Blue, Arina East Residences, Mattar Residences and Koon Seng House.
