Waterbank at Dakota teases buyers

Waterbank@Dakota will be the next major condo to be put under the microscope - by both home buyers and investors. Why?

  • It is very close to town (much much closer than some recent launches)
  • It is very close to the Dakota MRT station (~200m) though you have to walk through a HDB estate to get there
  • It can be "sold" as waterfront living to some gullible "ang mo"
  • There are a good number of studios, 1+1, 2BR and even some Dual Key units which mean total prices would be small-er.
  • This area has been largely ignored for the longest time and has been "rejuvenated"

Above is a rough location map for you guys to get an idea where this condo really sits (for rough illustration purpose only). Quite obviously the south facing units will get pretty much an unblocked view due to the landed housing estate across the river.

Mhmm....an artist's illustration of the landed estate view and beyond (Marine Parade).

The real deal...waterfront living? We hope they have cleaned it up! You can see the uncompleted Dakota Residence in the background(taken last year by a contributor).

UOL, the developers, purchased the land in a hotly contested tender back in October 2009. Their bid of $329m worked out to $508 psf ppr.

And the details:

Tenure: 99 yr
District: 14
Developer: UOL Group Limited
Estimated TOP: ?
Blocks: 8
Floors: 19-20
Units: 616 total, Studio(77), 1+1(98), 2(78), 3(271), 4(37), Cabana(11), Dual Key(39), Penthouse(5)
Typical Sizes:
Studio (~480 sqft)
1+1 (~630 sqft)
2 (~880 sqft)
3 (~1,150 - 1,270 sqft)
4 (~1,610 sqft)
Cabana (~1,340 sqft)
Dual Key (~1,300 sqft)
Penthouse (~2,430 - 2,870 sqft)

An artist's illustration of the pool...interesting poolside units on the right eh?

Notable Facilities:
  • Infinity-edge leisure pool
  • 50m Lap Pool
  • Wading pool
  • Steam Room
  • Jacuzzi
  • Half basketball court
  • BBQ
  • Gym
  • Bubble bed (?!)

Price? We heard it might be in the $1100-1250psf range. Making some calls, we heard these are some speculated prices:

490sqft, 1BR - $650k
630sqft, 1+1BR - $700k
880sqft, 2BR - $1,050k

Close to town and only $1100-1250psf in this crazy market? Sounds like a mad deal? Just remember to check for resale prices in the vicinity, who knows you might get an even better deal.

The VIP preview is tomorrow, so move fast if you want this place!

[Editor's Note: We have previously stated the site to be in District 15, however, we think now that this site is in District 14 instead. Checks on the URA website did not reveal the postal district as the development has not been awarded an address yet.

Blk 58 Dakota Crescent, the HDB just opposite this site, has a postal code of 390058, which sets it in District 14, according to this chart. So, it's safe to assume for the moment that Waterbank is in District 14.]

Image: brochure, googlemaps

As posted in h88.com.sg by Francis


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