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Property developers Far East Organization, Frasers Centrepoint Limited and Sekisui House, Ltd. have unveiled Waterway Point, a retail and lifestyle hub at the 992-unit Watertown in Punggol Central.
Waterway Point comprises around 370,000 sq ft of net lettable retail space, al fresco waterfront dining and a Shaw Theatres IMAX cinema.
It is strategically located within walking distance to Punggol MRT and LRT stations as well as the bus interchange.
"We’re especially excited about Waterway Point, which will be a truly unique shopping and dining enclave by the waterfront in a trans-urban location," said Mr Lim Ee Seng, Group CEO, Frasers Centrepoint Limited.
"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 waterway frontage. We see the market responding well to such mixed-use projects like Watertown," he added.
Waterway Point is expected to be ready in 2015 and will benefit residents living in Watertown as well as the Punggol area.
Meanwhile, 250 residential units at Watertown will be released for sale this Chinese New Year, with prices starting from S$1,080 psf.
According to Far East, it expects that 90 percent of the buyers will be Singaporeans and permanent residents (PRs).
Watertown features a wide range of unit types, including Suites, SOHO Apartments, Sky Patios and Residences. Sizes of the units range from 527 sq ft to 1,582 sq ft.
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