by Ernie B. Calucag
Watertown, Singapore’s first integrated waterfront residential and retail development, was unveiled to the public on Tuesday.
Nestled at the heart of the new Punggol Central and along the banks of the Punggol Waterway, the 992-unit development comprises suites, SOHO apartments, sky patios, and residences. It also features Waterway Point, a retail and lifestyle hub boasting close to 370,000 square feet of net lettable retail space, al fresco waterfront dining and a
Shaw Theatres IMAX cinema.
Served by a comprehensive public transport network, the Watertown development will be seamlessly integrated with the riverside promenade and planned town square for community events and activities.
The consortium of Far East Organization, Frasers Centrepoint Limited and Sekisui House Limited said the development costs of the project is estimated at over S$1.6 billion, making the Watertown to date the largest private development in the Punggol Central masterplan.
“Watertown underscores the government’s vision to transform Punggol into a vibrant waterfront city of the 21st Century. We see our endeavour as a partnership with the broader community to activate vital live-work-play spaces to meet Singaporeans’ evolving needs for a sophisticated urban lifestyle in a brimming growth precinct,” said Philip Ng, CEO of Far East Organization.
“We’re especially excited about the Waterway Point. Positioned as an upmarket lifestyle mall that opens till late, we will put together a carefully selected mix of innovative and creative concepts to capitalise on the waterview frontage. We see the market responding well to such mixed-use projects like Watertown,” said Lim Ee Seng, CEO of Frasers Centrepoint.
Watertown will be launched for sale this Chinese New Year. The development is estimated to be completed in 2017. Its integrated retail component Waterway Point will however be ready in 2015.
