crl TheWaterina P2launch 24apr2002

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					                                                               For immediate release
                                                                      April 25, 2002
Preview sales for The Waterina hits 80%
Phase 2 units released for official launch this Saturday

Singapore, April 25 – CapitaLand’s The Waterina, scheduled for official launch
this Saturday, April 27, has received positive buyer response. Phase 1, comprising
171 units at an average price of $592 per square foot, is about 80 per cent sold
during the preview. CapitaLand will release the balance of the 398-unit freehold
development during the official launch this weekend. The deferred payment scheme
is offered to all buyers.

Patricia Chia, CapitaLand Residential Deputy CEO for Singapore Operations said:
“The Waterina’s great location, attractive pricing and well-designed, spacious units
have led to the strong pre-launch demand. We are pleased to release the remaining
units to allow homebuyers to take advantage of this great value.”

The Waterina is a freehold residential development conveniently located near the
CBD along Guillemard Road. Comprising twelve blocks, The Waterina is designed in
a contemporary style around a lush and tranquil setting. The units are spacious and
stylishly designed, with sizes ranging from 59 sq m (635 sq ft) to 199 sq m (2,142 sq
ft). Easily accessible via major highways, the development is within walking distance
of Paya Lebar MRT station. Good schools and amenities are also nearby.

CapitaLand Residential, a member of CapitaLand, is committed to delivering premier,
high quality homes that offer lasting value, with an emphasis on product leadership
and continual innovation. CapitaLand has property, hospitality and property-related
products and services spanning more than 50 cities around the world.

Issued by     :      CapitaLand Residential
Date          :      April 25, 2002

For more information, please contact:

Tng Yanling                                   Nicole Neo
Corporate Communications Manager              Corporate Communications Manager
Tel: 6826 6872                                Tel: 6826 6869

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