# Aurum Land pays $84.2 mil for a 37,155 sq ft freehold site at Watten Estate - **Source:** EdgeProp Singapore - **Published:** 2026-09-10T14:09:33.000Z - **Author:** Cecilia Chow - **Original:** https://www.edgeprop.sg/property-news/aurum-land-pays-842-mil-37155-sq-ft-freehold-site-watten-estate - **Topics:** Private Residential, Transactions & Deals ## Featured rationale The acquisition signals developer confidence in District 11 landed demand and could introduce new housing supply, with agents estimating achievable prices above $5,000 psf. ## AI summary Aurum Land acquired a 37,155 sq ft freehold Watten Estate site for $84.2 million, or $2,266 psf, in a deal struck on Aug 28. ## Original article Privately held property developer Aurum Land is acquiring two adjoining freehold plots in Watten Estate in a deal struck on Aug 28. The properties comprise a plot of about 32,953 sq ft and an adjoining parcel of about 4,202 sq ft at 134 Watten Estate Road, bringing the total site area to about 37,155 sq ft. An INLIS property title search records a purchase price of $84.2 million for the combined site, translating to a land rate of $2,266 psf. Read also: Gilstead Court makes fourth collective sale attempt at $198 mil [object Object] A three-storey walk-up apartment development stands on the prime District 11 site. It was developed by Lucky Realty Company, a subsidiary of Far East Organization, the property group founded by the late property tycoon Ng Teng Fong. The development dates back to the late 1970s. Far East Organization has held the apartments for lease for more than four decades. An agent listing in May showed a 2,406 sq ft, three-bedroom unit with an asking rent of $7,600 a month. The Ng family has longstanding ties to the neighbourhood. Far East Organization developed Watten Estate in 1969. Next door is Casa Perla, a development of seven detached houses by Chiu Teng Group founder Ng Teng Yeng, the younger brother of Ng Teng Fong. Six of the houses are leased, while Ng Teng Yeng’s former home is retained for the family’s use. The 134 Watten Estate Road site is zoned for three-storey mixed landed housing. Jessica Lim of Realstar Premier Group, who represented Far East Organization in the transaction, says the site offers “significant redevelopment opportunity”. The plot has the potential to be redeveloped into a mix of detached and other landed units. “It is a rare gem,” notes Lim. “The environment is nice and quiet, near a park and within walking distance of the cafes and restaurants at Greenwood Avenue.” Read also: Sustained Land plans 776-unit condo in Thomson Road enclave after 16-year launch drought Evelyn Lek of Realstar Premier Group represented Aurum Land in the acquisition. She points to several recent landed transactions in Watten Estate as pricing indicators. On July 31, a semi-detached house at Watten Park sitting on a 4,030 sq ft freehold site changed hands for $11.1 million, or $2,754 psf. A day earlier, a semi-detached house at Watten Close on a 4,001 sq ft freehold site fetched $11.88 million, or $2,969 psf. Meanwhile, a detached house on an 8,726 sq ft freehold site along Watten Estate Road was sold for $18 million, or $2,063 psf, based on a caveat lodged in June. Aurum Land is no stranger to landed housing development. The developer, a wholly owned subsidiary of Woh Hup -- one of Singapore’s largest privately owned construction and civil engineering companies -- acquired Kew Lodge at 34 and 36 Kheam Hock Road in May 2023 for $66.8 million. It subsequently redeveloped the 34,433 sq ft freehold site into Anagram Homes, an eight-home project comprising detached, semi-detached and terraced houses. The development is now fully sold. Two detached houses at Anagram Homes changed hands in June. One, sitting on a 7,129 sq ft freehold plot, fetched $23 million, or $3,226 psf. The other, on a 4,661 sq ft plot, sold for $18.66 million, or $4,004 psf. Lek brokered the latter transaction. Read also: Dunearn House sells 56% of units on launch weekend at average of $3,140 psf Elsewhere in the neighbourhood, a new semi-detached house on Hillcrest Road, sitting on a 3,130 sq ft freehold site, was sold for $14.1 million, or $4,505 psf, based on a caveat lodged in July. Against these benchmarks, Lim estimates that new houses developed on the Watten Estate site could achieve prices above $5,000 psf. Lek believes this is “likely”, noting that new landed projects in the area have already achieved benchmark prices of about $4,000 to $4,500 psf. She expects Aurum Land’s redevelopment to set a “new benchmark for landed living”. Another sizeable redevelopment site that changed hands earlier this year was the historic bungalow at 436 Dunearn Road. The property, sitting on a 24,190 sq ft freehold site, was sold for $55 million, or $2,274 psf, in March. Buyer Elevate Land intends to redevelop the site into a new mixed landed housing project. Aurum Land’s latest acquisition is “the largest landed residential land sale by site area so far in 2026”, says Julian Yip, managing director of Realstar Premier Group. Check out the latest listings for District 11 properties ## Chinese translation > Translation model: grok_cli ### Aurum Land以新币8420万元购入Watten Estate一处37,155平方英尺永久地契地块 远东机构长期持有的Watten Estate永久地契地块，如今或将腾出空间兴建新的有地住宅。 私营房地产开发商Aurum Land于8月28日达成交易，正在收购Watten Estate两幅相邻的永久地契地块。 这两处物业包括一幅约32,953平方英尺的地块，以及位于134 Watten Estate Road、面积约4,202平方英尺的相邻地段，合计地块面积约37,155平方英尺。 INLIS产权检索记录显示，合并地块的购入价为新币8420万元，相当于地价每平方英尺新币2266元。 另读：Gilstead Court以新币1.98亿元第四次尝试集体出售 [object Object] 这块位于黄金地段第11区的地块上，目前矗立着一栋三层无电梯公寓。该项目由Lucky Realty Company开发，该公司是远东机构的子公司，而远东机构是由已故地产大亨黄廷芳创办的房地产集团。 该项目可追溯至1970年代末。四十多年来，远东机构一直持有这些公寓作出租用途。5月的一则代理挂牌显示，一套面积2,406平方英尺的三房单位，叫租价为每月新币7600元。 黄氏家族与该社区渊源深厚。远东机构于1969年开发了Watten Estate。 隔壁是Casa Perla，由昭腾集团创办人黄廷荣开发的七栋独立式洋房项目，黄廷荣是黄廷芳的弟弟。其中六栋房屋用于出租，黄廷荣的旧居则保留给家族自用。 134 Watten Estate Road地块规划为三层混合有地住宅。在此次交易中代表远东机构的Realstar Premier Group经纪人Jessica Lim表示，该地块提供“显著的重建机会”。 该地块有潜力重建为独立式洋房与其他有地住宅的组合。“这是一颗稀世珍宝，”Lim指出。“环境优美安静，靠近公园，步行即可到达Greenwood Avenue的咖啡馆和餐厅。” 另读：Sustained Land计划在汤申路一带推出776个单位的共管公寓，结束长达16年的推盘空窗期 Realstar Premier Group的Evelyn Lek代表Aurum Land完成此次收购。她指出Watten Estate近期多宗有地住宅交易可作为定价参考。 7月31日，Watten Park一栋坐落于4,030平方英尺永久地契地块上的半独立式洋房以新币1110万元易手，相当于每平方英尺新币2754元。前一天，Watten Close一栋坐落于4,001平方英尺永久地契地块上的半独立式洋房成交价为新币1188万元，相当于每平方英尺新币2969元。 与此同时，根据6月提交的买卖备案，Watten Estate Road沿路一栋坐落于8,726平方英尺永久地契地块上的独立式洋房以新币1800万元售出，相当于每平方英尺新币2063元。 Aurum Land对有地住宅开发并不陌生。该发展商是和合（Woh Hup）的全资子公司——和合是新加坡最大的私营建筑与土木工程公司之一——于2023年5月以新币6680万元购入位于34及36 Kheam Hock Road的Kew Lodge。 随后，它将这块34,433平方英尺的永久地契地块重建为Anagram Homes，这是一个包含独立式、半独立式和排屋的八户住宅项目。该项目现已全部售罄。 Anagram Homes有两栋独立式洋房于6月易手。其中一栋坐落于7,129平方英尺永久地契地块，成交价为新币2300万元，相当于每平方英尺新币3226元。另一栋坐落于4,661平方英尺地块，以新币1866万元售出，相当于每平方英尺新币4004元。后一笔交易由Lek促成。 另读：Dunearn House开盘周末售出56%单位，均价每平方英尺新币3140元 在该社区其他地方，根据7月提交的买卖备案，Hillcrest Road一栋新建半独立式洋房坐落于3,130平方英尺永久地契地块，以新币1410万元售出，相当于每平方英尺新币4505元。 对照这些基准，Lim估计在Watten Estate该地块上开发的新洋房可达到每平方英尺新币5000元以上的售价。 Lek认为这“很可能”，并指出该地区新建有地住宅项目已达到约每平方英尺新币4000元至4500元的基准价格。她预计Aurum Land的重建项目将树立“有地生活的新标杆”。 今年早些时候另一幅规模可观的重建地块易手，即436 Dunearn Road的历史洋房。该物业坐落于24,190平方英尺永久地契地块，于3月以新币5500万元售出，相当于每平方英尺新币2274元。买家Elevate Land拟将该地块重建为新的混合有地住宅项目。 Aurum Land最新这笔收购是“2026年迄今按地块面积计算最大的有地住宅土地交易”，Realstar Premier Group董事总经理Julian Yip表示。 查看第11区物业的最新挂牌