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SG 70 units sold at preview of Keppel Bay condo

Property Here - Tuesday, May 21, 2013

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By Nikki De Guzman:

Corals at Keppel Bay (pictured) sold 70 units at its preview over the weekend, with most of the buyers being Singaporeans and permanent residents (PRs). 

Located at Keppel Road, the 366-unit condominium development by Keppel Land comprises one- to two-bedroom apartments between 500 to 900 sq ft, while the rest are three-bedroom units and larger. 

According to CIMB, “footfall at the showflat was brisk with buyers attracted to its “waterfront living” concept. There appears to be still demand for prime/high-end units that are differentiated and in good locations. Mortgage rates on offer remain attractive at 1.1-1.9 percent on average for three years”.

Notably, the developer offered “stamp absorption of 13 percent, which in some cases rose to as high as 20 percent”. Prices range from S$2,000 to S$2,100 psf, similar to resale prices at Reflections, another 99-year leasehold project by Keppel Land.



Nikki De Guzman, Junior Reporter at PropertyGuru, wrote this story. To contact her about this or other stories email nikki@allproperty.com.sg