Waterfront housing seems to be a hit among property purchasers as 200 out of 383 units of Waterbay, the latest addition to Punggol’s waterfront developments opened for booking on October 19, were quickly sold.
Price was not an issue as the units ranged from $560,000 for a 2-room apartment to a pricey $1.4 million for a 5-room apartment. Among the units up for sale, 3 and 4-room dual-key units were hot favourites, according to developer Qingjian Realty.
More exciting plans lie ahead for Punggol, including green corridors, a new town hub, and seven waterfront housing districts, one of which contains the historic Matilda House.
A historical bungalow opposite Punggol MRT station with open terraces and elevated flooring will be entering a new phase of development along with the rest of Punggol.
Standing at 417 sqm, the humble single-story house will be transformed into a clubhouse as part of A Treasure Trove condominium, and will house a function room, a lounge and a gym for residents.
The building falls within the Matilda District, which is expected to be developed during the next five years. It will be 1 of Punggol’s 7 new waterfront districts.
The property would retain all of its nostalgic charms as property developer Sim Lian Group had to agree to conservation guidelines when they purchased the site from the government two years ago. The developer has to ensure that the house is incorporated into the new plans.
Matilda House was set aside for conservation by the Urban Redevelopment Authority (URA) in 2000. Historians and conservationists welcomed the move.
Left to fend for itself against the elements for 2 decades, the bungalow was first built by the father of renowned lawyer Howard Cashin in 1902 as a present for his wife. It was acquired by the government in the mid 1980s.