Waterway Point & Watertown, a flagship development in Punggol Central
Address: 83 Punggol Central, Singapore 828761
Contact: (65) 6812 7300
Opening Hours: 10am to 10pm
Customer Service Counter
East Wing, Level 1
Opening Hours: 10am to 10pm
Redemption Hours: 11am to 9.30pm
Waterway Point Parking Charges
1st hour or part thereof – $1.40 for first hour
Every subsequent half hour or part thereof – $0.70
Motorcycle: $0.80 per entry
Nursing Rooms
Basement 2 to Level 2
Developers
Far East Organization, Sekisui House Ltd and Frasers Property Limited
Area: 135,205.5 m2
Completion: 2017
Waterway Point is a four-storey retail and lifestyle mall adjacent Punggol MRT/LRT station, which is the heart of Punggol town. It is the retail component of the mix use Watertown development, Singapore’s first integrated waterfront residential and retail project. Watertown is a joint venture made up of three large consortiums – Frasers Property Limited (星狮地产有限公司), Far East Organization (远东机构) and Sekisui House Ltd. Watertown offers 992-residential unit development in addition to its retail and lifestyle component.
Located at the heart of Punggol and surrounded by the banks of the Punggol Waterway, the 992-unit development made up of Suites, SOHO Apartments, Sky Patios, and Residences. It features Waterway Point with a net lettable space of almost 370,000 square feet of retail, indoor and outdoor dining and a waterway point cinema managed by Shaw Theatres. Waterway Point is the flagship waterfront leisure destination for Punggol’s residents and visitors from across the island which has benefited from its strong positioning amongst Singapore residents.
The Punggol Central shopping mall is further complimented by a comprehensive transport network and is seamlessly integrated with the riverside promenade and planned town square for community events and activities.
With the entire development costing over $1.6 billion, Watertown is to date the largest private development in the Punggol Central master plan and is set to become the benchmark for ‘coastal town of the 21st century’. The increasing trend by homebuyers towards greater innovation and connectivity across live-work-play spaces to accommodate different cultural and household needs, lifestyle interactions and work schedules. The consortium believes the dynamics of the design and integration of Watertown offers its distinction from the others.
Punggol Central is the heart of the transformation
As part of the government’s Punggol 21-Plus vision, Punggol Central is undergoing a huge transformation in its urban landscape and living environment. The Government is determined to revitalize the precinct into a waterfront town which began with the successful opening of My Waterway@Punggol and the Punggol Point Park as part of the Punggol Promenade.
When completed, the promenade will form a continuous 17km loop and Punggol has been earmarked as the first Eco-Town. There will be better and more transport links, green parks, as well as sports and recreational hot spots. Residents of Punggol can also look forward to a Town Square and a Visitors’ Centre that will be integrated into the development.
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.
Mr Philip Ng (黄志达), Chief Executive Officer, Far East Organization
Transurban locales, which are on a transition to join the ranks of urban centres, present a whole new level of connectivity, interaction and contemporary edge to modern living. This is a model that they have successfully introduced across the island in new transurban mixed-use communities such as The Greenwich in Seletar Hills, The Tennery in Upper Bukit Timah and The Hillier in Hillview.
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. Positioned as an upmarket lifestyle mall that opens till late, we will put together a carefully selected mix of innovative and creative concepts to capitalize on the waterview frontage.
We see the market responding well to such mixed-use projects like Watertown. This is evident in our recent successful experience in Changi City – a joint project with Ascendas – which has a business park and a soon-to-be-completed hotel, making it an ideal live-work-&-play destination.
Mr Lim Ee Seng (林怡胜), Group Chief Executive Officer, Frasers Centrepoint Limited
Watertown : A common vision unites its partners
Watertown also brings together the breadth and depth of expertise from each of the consortium partners – representing Singapore’s largest private property developer, one of its top mall owners and operators, and Japan’s largest home builder.
Our first foray into Singapore was the joint development of the Boathouse Residences in Hougang which is experiencing a good take-up. Watertown marks yet another milestone for Sekisui House, Ltd. as our largest investment to date in Singapore.
Mr Isami Wada (和田勇 ), Chairman and Chief Executive Officer, Sekisui House, Ltd., Japan
The common thread in both these projects has been our valuable partnership with Far East Organization and Frasers Centrepoint Limited who both share the same core drivers of innovation and customer excellence.
These have been central to their success, not only in bringing the novel integrated waterfront concept to life, but also in helping us realize our aspirations for Singapore and central to our long-term commitment to building our operations here. They also believe that with the proven track record of Far East Organization and Frasers Centrepoint, and combined with Sekisui House’s experience in resident/eco-friendly town development in Japan, we will be able to make Watertown a success.
About Far East Organization
Far East Organization is the largest private property developer in Singapore, with a growing reputation for building innovative and functional spaces and providing high quality experiences and value for its customers. Since its establishment in 1960, Far East Organization has been contributing to the transformation of Singapore’s urban landscape. It has built more than 700 developments across the full spectrum of real estate in the residential, hospitality, commercial, and industrial sectors.
Far East Organization owns and operates the largest corporate leasing and hospitality portfolio in Singapore, including eight hotels and 11 serviced residences with over 1,200 apartments.
In addition to its private development and investment arm, Far East Organization also has two public-listed companies, Orchard Parade Holdings Limited, a hotel and property group, and Yeo Hiap Seng Limited, a 112-year-old industry pioneer of food and beverage products in Southeast Asia.
Winner of Best Developer in South East Asia and Singapore at the South East Asia Property Awards 2011, Far East Organization is the only developer in the world to win six FIABCI Prix d’Excellence Awards, underscoring its unique achievements in the international and regional real estate arena.
About Frasers Centrepoint Limited
Frasers Centrepoint Limited (FCL), the wholly-owned property arm of Singapore-listed consumer group Fraser and Neave, Limited, is one of Singapore’s top property developers. Their balance sheet has a total assets close to S$9.7 billion and registers a a global land bank in excess of 30 million square feet. Fraser Centrepoint Limited was renamed to Fraser Property Limited in 2018 to align the brand to its diverse operations and property business.
From its humble ownership of a single shopping mall in 1983, Fraser Property Limited has since grown into an integrated real estate company with a diverse portfolio of residential, commercial and serviced residences spanning over 20 countries. Its serviced residences management company, Frasers Hospitality, consistently outperforms and won many gold- standard awards for its serviced residences in 29 gateway cities. Fraser Property Limited develops world-class projects in UK, Australia, New Zealand, China, Thailand and Vietnam.
As a testament to its excellent service standards, best practices and support of the environment, the company is the proud recipient of numerous awards and accolades both locally and abroad.
About Sekisui House Ltd
Sekisui House Limited, founded in 1960, is Japan’s leading housing construction company with sales in 2010 totalling 1,488 billion yen (SGD 24.80 billion) and collective assets of totalling 1,341 billion yen (SGD 22.35 billion). The company celebrated the completion its two millionth Japanese home in year 2010.
Sekisui House Ltd is a housing construction and property development company listed on three Japanese stock exchanges including the Tokyo Stock Exchange, Osaka Securities Exchange and the Nagoya Stock Exchange. The company is also expanding into Australia, China and USA.
The company has a specialised focus on environmental sustainability, completing its first zero emissions home at the G8 Summit in Japan in 2008. In the same year it launched commercial sales of carbon neutral homes “Green First Model” series which delivers the capability of carbon saving up to 100 per cent.
The company has expanded into the construction of medium and high-rise buildings and comprehensive urban development projects beyond its core business of building detached homes. The company has ventured into mixed use development such as Watertown at Punggol and upcoming Holland Road Government Land Sales (GLS). Sekisui House is willing to bring their knowledge and experience to create additional values to their Singapore projects.