Keppel Land to develop quality homes in Sengkang
The 1.8-ha site will yield about 630 units
Singapore, 18 March 2011 –
Keppel Land Limited (Keppel Land) has been awarded the
tender for a prime residential site in Sengkang by the Housing and Development Board.
The winning bid, attained at about $286.8 million comes after the successful launch of
Keppel Land’s latest project, The Lakefront Residences, in November 2010. Located at
the upcoming Jurong Lake District, the development has been positively received with
about 90% of 590 launched units sold.
Mr Augustine Tan, President (Singapore Residential) of Keppel Land, shared, “Keppel
Land is looking forward to lend our expertise and experience to develop a well-planned
and executed development at Sengkang.
“The hallmark quality associated with the Keppel brand has attracted a loyal following of
homebuyers and we are confident that the new development, with its strong attributes
and value propositions, will see positive demand from genuine home purchasers.”
The new 1.8-ha site is situated in the popular North-Eastern region of Singapore, which
includes Sengkang, Punggol, Serangoon and Hougang. With a total resident population
of more than 465,000, Keppel Land expects keen interest from upgraders from these
nearby HDB estates as well.
Homeowners will benefit from the site’s easy and seamless connectivity to the rest of the
island with its strategic location about 200 metres to the Sengkang MRT/LRT station and
bus interchange, as well as its proximity to major expressways, Tampines Expressway
and Kallang-Payar Lebar Expressway. It is also near to schools, including Nan Chiau
Primary School and Nan Chiau High School, as well as a wide range of amenities, such
as Compass Point shopping mall, which is located above the Sengkang MRT/LRT station.
When completed in early-2015, the new site will yield about 630 homes ranging from 450
sq ft to 2,200 sq ft in one- to four-bedroom configurations, as well as penthouses.
Presently in the design and development stage, the project is expected to be launch
ready by end-2011.