Watten Estate Condo to launch $536 mil collective sale bid

Watten Estate Condominium, a 104-unit development on Shelford Road in the Bukit Timah area, is up for collective sale. The freehold development is on the market for $536 million, or about $1,738 psf per plot ratio (ppr).
Factoring in the upfront non-remittable 5% additional buyer’s stamp duty will bring the land rate to $1,825 psf ppr. The public tender for the sale of the site, located in District 11, will be launched on Tuesday, July 30, announced marketing agent Huttons Asia.