Please be back for more updates on Corals @ Keppel Bay.
After Reflections, this is the next exciting development at Keppel Bay.
Please be back for more updates on Corals @ Keppel Bay.
After Reflections, this is the next exciting development at Keppel Bay.
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Jeffrey Teng
CBRE Realty Associates Pte Ltd
The Sorrento | Marina One Residences | V On Shenton | Duo Residences | Corals @ Keppel Bay | Clermont Residence | Twin Fountains | The Santorini | The Trilinq | The Nautical | The Sorrento | Leedon Residence | Fulcrum | Thomson Three
When is the launch expected to be?
Indicative pricing? Looks like will have 600 sq ft studios?
Originally Posted by jeffrey.teng
Psf probably close to 2.5k.
Not sure if it is wise to go in considering that we are 4 years into the cycle.
Madness. I dunno how they expect to find buyers when reflections is 50 percent unoccupied!Originally Posted by thomastansb
When N Korea war comes / Europe crisis worsen....and JAPAN nuclear plant gone haywire....Originally Posted by thomastansb
probably PSF CLOSE to $2
$2 too ex. I think probably 20 cents psf.
Originally Posted by DuaNehNehChioBu
I saw that the Corals@keppel bay's show rooms is getting ready.
I suspect besides having Harbour front mrt linking to marina bay the new financial center, the vacant land opposite vivo - Seah Imm may turn into something else. And keppel golf too.
Is the showroom where the Reflections showroom used to be?
I agree with you re plans for the vicinity, but that would be a 15 to 20 year exercise.. it will be be painful (with the oversupply of housing in the area) before fruition.
Originally Posted by singaporecondo99
The winners are naturally owners that have bought into this area at a much lower psf and currently enjoying the rental income, while waiting for their investment to further appreciate.Originally Posted by starrynight
In down time, again these owners are the ones who can weather better with lower rental income.
Invest at the right time and at a reasonable pricing will allow one being paid to his/her waiting for capital appreciation. Cheers
If they have learnt their lesson from reflections, the units will be as small as possible. That way, they wouldn't cannibalise their unsold monster units in reflections.Originally Posted by starrynight
Launching Soon in May / June 2013 !!!
Stay tune at Corals @ Keppel Bay site for more updates !!!
More info is out!Originally Posted by jeffrey.teng
Likely to launch next month (MAY 2013)
1) Star-Architect - Daniel Libeskind, same architect who design Reflections at Keppel Bay
2) Luxurious Waterfront-Living (Same concept as Reflections)
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Unit mix:
Type Nos. Estimated Floor Area (sft)
1-bedroom (A1) 46 570 - 732
2-bedroom (B1) 115 840 - 1,066
3-bedroom (C1) 87 1,184 - 1,421
3-bedroom (Deluxe) (C2) 70 1,389 - 1,593
4-bedroom (D1) 18 2,573 - 2,777
4-bedroom (Deluxe) (D2) 22 2,766 - 3,660
Penthouse (P) 8 4,725 - 7,868
Total: 366
Est. Selling price: Avg $2500psf
## Draft - Subject to changes
Visit my partner's project site now
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Jeffrey Teng
CBRE Realty Associates Pte Ltd
The Sorrento | Marina One Residences | V On Shenton | Duo Residences | Corals @ Keppel Bay | Clermont Residence | Twin Fountains | The Santorini | The Trilinq | The Nautical | The Sorrento | Leedon Residence | Fulcrum | Thomson Three
Still big by today's standard.. And 10years old upon top
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
I will not touch this 99-yrs LH project @ 2.5psf..
With the budget @ 2k psf.. I can buy a petty new F'hold pty from the resale mkt in good location..
Nowadays many new launches are LH.. Even GLS from gov oso LH.. F'hold will be rare in the future
[SINGAPORE] A new high has been set for 99-year private housing land offered at a state tender.
The $1,162.86 per square foot per plot ratio (psf ppr) top bid from Keppel Land unit Harvestland Development for a plum site in Kim Tian Road was above expectations.
It also surpassed the previous high of $1,107.80 psf ppr that Far East Organization paid last August for a small plot next to Lutheran Towers along Farrer Road.
KepLand topped yesterday's tender for the plot near Tiong Bahru MRT Station and Tiong Bahru Plaza with a $550.28 million bid. This was 7.2 per cent more than the $513.33 million or $1,084.78 psf ppr from a Far East group-Sekisui partnership. The third highest bid, from a City Developments-led consortium, was $1,016.67 psf ppr. There were 11 bids in all.
Noting that the top three bids were above $1,000 psf ppr, SLP International executive director Nicholas Mak said that "some developers are still very bullish on the middle-high-end residential market segment, especially if there is limited new supply in that location".
KepLand's bid was 3.86 times what MCL Land paid for the previous 99-year private housing site sold by the state in the vicinity a decade ago - in March 2003. MCL paid $301 psf ppr for its site, which it has since developed into the MeraPrime condo. That tender had drawn 12 bids.
For the Kim Tian plot, property consultants had predicted bids of about $850-950 psf ppr when it was launched in late-February by the Urban Redevelopment Authority (URA).
CBRE associate director Desmond Sim notes that the site's proximity to the Tiong Bahru MRT station and established amenities outweighed the site's building restrictions.
These include maximum heights of 25, 30 and 40 storeys for different sections of the site and a maximum of 500 homes due to traffic issues in the locality. There is also a requirement for a basement carpark, which is more costly compared with a multi-storey carpark.
Market watchers' estimates of KepLand's breakeven cost range from $1,660 psf to $1,800 psf, with some suggesting that the group could be looking at an average selling price of around $2,000 psf.
They see KepLand taking the cue from Echelon, located near Redhill MRT Station, one stop away. Echelon's developer, City Developments, sold units at median prices of $1,836 psf and $1,832 psf in March and February respectively, according to URA data.
Meanwhile, the 500 homes stipulated for the Kim Tian project implies an average unit size of around 946 sq ft. Assuming a price of $2,000 psf, the average unit in the development would be priced around $1.9 million. This would be on the high side for a condo outside the Core Central Region that is targeted at the HDB upgrader market.
Still, Mr Sim argues that KepLand might be right in being optimistic, given the relatively high prices for HDB resale flats in the vicinity.
According to PropNex Realty CEO Mohamed Ismail, sellers of five-room HDB flats on high floors in the Kim Tian location are asking for well above $900,000. "For executive flats at Queenstown, two MRT stops away, sellers are asking for $1 million," he added.
KepLand president (Singapore) Tan Swee Yiow said: "We are confident that we will see positive demand from homeowners who aspire to own a top quality home in the CBD's fringe. . . Tiong Bahru is an established residential estate which is well-connected by public transportation and well-served by a wide range of facilities and amenities."
The Kim Tian site, in addition to being a stone's throw away from Tiong Bahru MRT Station on the East-West Line, will be 500 metres from the planned Havelock Station on the Thomson Line.
KepLand envisages a project with about 500 homes ranging from 500 sq ft to 1,350 sq ft in one to four-bedroom configurations.
"A wide range of shopping, dining and leisure amenities are a stone's throw away at Tiong Bahru Plaza, Tiong Bahru Food Centre, Tiong Bahru Conservation Area and Great World City," the group said.
Other bidders at yesterday's tender included CapitaLand unit Areca Investment which offered $993.42 psf ppr. Placing an identical bid was a tie-up between UOL Venture Investments and Kheng Leong Co.
New benchmark
Kim Tian - $1.9k psf...
Keppel bay - $2.5k psf..
Wow I like!!
'Kim Tian' is red hot becos it is 'gold field' in Chinese.Originally Posted by Rysk
Thanks for the photo!
But, errr, like that one ah? Not very impressive leh... looks nice, but how to justify the premium pricing relative to Caribbean / Reflections (apart from the distance to Vivo / MRT)?
As someone said, but the time it TOPs, around 15 years of the 99LH would have been used up.
Looks like a collection of Reflections villas
Thanks everyone for the support! Find A Home Loan is Standard Chartered #1 broker in 2013.
quite disappointed with the internal layout.
1 Bedroom (650 sqft): Around $1.5 million +/-
2 Bedroom (950 sqft): Around $2.0 million +/-
3 Bedroom (1,200 sqft to 1,600 sqft): Prices to start from $1800 psf upwards
4 Bedroom (2,600-3,700 sqft): Prices to start from $2500 - $2600 psf upwards
Who is hooting 1x unit here?
Each purchase comes w/ a 10-year free membership of private Yacht Club- Marina at Keppel Bay.
Very nice finishing. Better than Reflections.
Keppel Land has extensively tied up with branded suppliers of finishes and fittings to customize and create the best living experience for the buyer at Corals @ Keppel Bay.Originally Posted by sunboy77
Be pampered.
• Quality and Branded finishes and fittings used throughout each unit
• Polyform shelves, cabinets, furniture and feature walls
• Top range De Dietrich appliances in the kitchen (Piano Series)
• Top range Geberit / Toto / Zuchetti fittings for bathrooms
• Ducted air-conditioning throughout
• Dehumidifier in wardrobes
Drove into the showflat site on the way home. Launch ready, but totally devoid of people.
There were salespeople milling around at the junction which leads into Keppel Bay Marina yesterday, but none today. Looks like someone complained
Corals at Keppel Bay will likely to launch their preview this week. 17 May 2013.
Wait for more updates!
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Jeffrey Teng
CBRE Realty Associates Pte Ltd
The Sorrento | Marina One Residences | V On Shenton | Duo Residences | Corals @ Keppel Bay | Clermont Residence | Twin Fountains | The Santorini | The Trilinq | The Nautical | The Sorrento | Leedon Residence | Fulcrum | Thomson Three
Keppel pricing Corals units at $1,800-3,000 psf
Separately, Stratum condo in Pasir Ris is going for $900 psf
[SINGAPORE] Keppel Land is said to be pricing the initial 100 apartments at its Corals at Keppel Bay condo at between $1,800 psf and $3,000 psf.
The project - being developed on a site with 99-year leasehold tenure starting February 2007 - has a total of 366 units in 11 blocks between four and 10 storeys high.
Nearly 45 per cent of the units are one and two-bedders. Corals at Keppel Bay will have one, two, three and four-bedroom apartments sized between 600 sq ft and 3,600 sq ft in addition to eight penthouses (4,800 sq ft to 7,800 sq ft).
BT understands that for the 100 apartments in the initial batch that will be previewed today, absolute prices start from $1.31 million for a 624 sq ft one-bedder (reflecting a unit price of $2,100 psf).
PUBLISHED MAY 18, 2013
At least 50 units sold at Corals preview
Keppel Bay project is said to command prices from $1,800 to $3,000 psf; about 100 units released out of 366 units
BYKALPANA RASHIWALA
AT least 50 units may have been sold at Corals at Keppel Bay yesterday, the first day of the project's preview. The developer has released about 100 of the condo's 366 units for the preview. Buyers are believed to be mostly Singaporeans.
Prices reportedly range from $1,800 psf to $3,000 psf. The development will have 11 blocks of between five and 10 storeys.
Of the initial batch of 100 apartments, absolute prices are thought to range from $1.31 million (for a 624 sq ft one-bedder, reflecting a unit price of $2,100 psf) to $10.7 million (for a nearly 3,600 sq ft four-bedroom deluxe unit with full waterfront view, translating into around $3,000 psf).
Designed by Studio Daniel Libeskind, Corals at Keppel Bay will come up on a site with a tenure of 99 years from February 2007. It is the third residential project by Keppel Corporation and Keppel Land on the former Keppel Harbour site, after the 969-unit Caribbean at Keppel Bay and the 1,129-unit Reflections at Keppel Bay.
Caribbean, which is fully sold, was completed in 2004. At Reflections, which received Temporary Occupation Permit in December 2011, 874 of the 950 units launched so far have found buyers. The developer's average asking price for the remaining units is about $2,400-2,500 psf, with a premium for sea-facing units.
Another 151 units at Reflections have been set aside for leasing as corporate residences.
Two more residential projects remain to be developed at Keppel Bay - about 86 units on Keppel Island, and a condo with an estimated 234 units on a plot opposite Corals, separated by King's Dock and closer to the Harbourfront office towers. The plot is jointly owned by Keppel Corp/KepLand and Mapletree Investments.