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Studies have shown that in recent years,
waterfront properties are commanding a rising premium. Prices
of waterfront homes in prominent cities like London, Shanghai
and Hong Kong have increased by as much as 80% since 2002.
Against the backdrop of Singapore’s
projected growth, the same trend is already showing here.
There will be similar upside potential and price transactions
are expected to match, if not, exceed non-waterfront projects
in prime districts.
According to reports from CB Richard Ellis,
prices in Singapore’s whole core central region, comprising
Sentosa, Downtown Core and districts 9, 10 and 11, have risen
24% in the last two years. Prime waterfront properties have
emerged the star performers in this core central region, outperforming
districts 9, 10 and 11.
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Teo Soon Hoe
Senior Executive Director and Group Finance Director
Keppel Corporation
World-class waterfront property
Keppel Bay on a 32-hectare (ha) prime waterfront site, five minutes away
from the city in the southern precinct surrounded by Sentosa and its Integrated
Resort, Singapore’s largest entertainment and recreation hub VivoCity
and the HarbourFront, the Keppel Golf Club and Mount Faber, Labrador and
Telok Blangah Hill Parks, commands a high premium.
The waterfront development project is 70% owned by Keppel Corporation,
with the remaining 30% by Keppel Land.
Efforts have not been spared in the master planning and design to maximise
the potential of this prime waterfront site.
Reflections at Keppel Bay
To be launched in April 2007, Reflections at Keppel Bay is designed
by world-renowned architect, Daniel Libeskind, the master behind New York’s
Freedom Tower and Berlin’s Jewish Museum. Libeskind’s reputation
is also behind the success of residential developments such as the Museum
Residences in Denver and Aura in Sacramento which were sell-outs
after their launches.
This will be his first residential showcase in Asia, featuring a symphony
of six glass skyscrapers of 41 storeys and 24 storeys linked by sky bridges
and 11 blocks of six to eight-storey villa apartments along a 750-metre
shoreline with unparallelled views of the sea and the lush surrounds.
The 1,129 apartments in the development comprise 732 sf studios to 2,900
sf four-bedroom apartments, 35 penthouses from 3,500 sf to luxury ones
of 13,300 sf.
Reflections at Keppel Bay has already attracted strong interest
from both Singaporean and foreign home buyers in Hong Kong, Indonesia,
the Middle East, India and China.
Marina at Keppel Bay
Snuggled on the exclusive Keppel Island, Marina at Keppel Bay will
enhance the lifestyle aspirations of the discerning homeowners at Keppel
Bay.
With world-class facilities, it can accommodate up to 170 yachts, including
five mega 100 to 200-footers. Operational by the end of 2007, it will
initially house 75 wet berths and will include lifestyle facilities in
a clubhouse with a members’ lounge, gourmet restaurants, a spa and
charter services to neighbouring islands.
Homeowners in Keppel Bay can enjoy ten years of free membership and five
years’ free subscription to the Marina. They can also benefit from
the Marina’s twinning association with Nongsa Point Marina in the
Riau Islands, in which the Keppel Group has a 56% stake.
Landmark bridge
A 245-m long cable-stayed bridge will link Marina at Keppel Bay
and future homeowners on Keppel Island to the mainland. This new landmark
in Singapore’s southern waters will be completed in mid-2007.
The dual carriageway bridge with pedestrian walkways will lend itself
spectacularly to the surrounds, especially when it is illuminated at night
by dramatic mood lighting.
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Caribbean at Keppel Bay
This FIABCI Prix d’ Excellence-award winning condominium and
the first residential development in Keppel Bay has sold all 801
launched apartments, with 168 units kept as corporate residences.
Here, the docks of the historical Keppel Harbour were tastefully
transformed into water channels, bringing the sea right to the doorsteps
of homes.
With its distinctive waterfront lifestyle offering, Caribbean
at Keppel Bay continues to be one of the most sought-after properties
and fetches high rentals comparable to those in prime Orchard Road.
Future developments
Three more plots totalling 88,173 sm of land are slated for development
and this is expected to yield another 642 exclusive homes.
These developments, carefully designed and prudently phased, will
further enhance Keppel Bay, in line with the efforts by the Singapore
government to develop the Southern Islands into a first-class tourist
resort for the well-heeled.
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Land Size
(sm)
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GFA
(sm)
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Plot 1
(Reflections at Keppel Bay) |
83,591
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193,400
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Plot 2
(Caribbean at Keppel Bay) |
97,494
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132,780
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Plot 3
(adjacent to Caribbean) |
38,822
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47,380
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Plot 4
(adjacent to Keppel Bay
Tower and a joint-venture
with Mapletree) |
28,676
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32,000
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Plot 5
(Marina at Keppel Bay) |
6,211
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3,000
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Plot 6
(on Keppel Island) |
20,675
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21,000
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