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Watertown is a sustainable integrated development located in Punggol, Singapore, next to Punggol MRT/LRT station.Designed by RSP Architects Planners & Engineers, the project features a retail and residential component; and is Punggol's first integrated waterfront development, with the Punggol Waterway located right next to the development.
On 22 April 1996, the Stock Exchange of Singapore (SES) censured Hotel Properties Limited (HPL), a publicly-listed real estate company, for not having been "forthcoming" about the discounts that it had given to several individuals, including Senior Minister Lee Kuan Yew's brother and HPL director Lee Suan Yew.
Since the 2010s, with real estate speculation driving urban housing prices up, the government has focused on new types of public housing initiatives. These include affordable housing units for sale through public-private partnerships and social housing projects intended for rental, such as Taiwan’s "Social Housing" (社會住宅) initiative.
The site was acquired by CapitaLand in 2011 for $550 million, and architect Moshe Safdie was hired to design the building. [1] In March 2012, a month prior to the launch of the complex, based on preliminary prices received by marketing agents, the condominium was estimated to be among the most expensive suburban condominiums in Singapore. [2]
Rising housing prices led to public housing being seen as an investment from the 2000s, and new technologies and eco-friendly features were incorporated into housing estates. In the early 2020s, Singapore's public housing is located in new towns, in communities that are intended to be self-contained, with services nearby housing blocks, and is ...
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The condominium was designed by Peter Pran and Timothy Johnson with leading design firm NBBJ. The two buildings include a glass facade, sculpted Marina Bay Tower to look like a sail, and configured the complex representative of a huge canyon, reflecting his utilisation of inspirations by the sun, the wind, and the water respectively.
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