Two similar sized units have been sold at Caribbean At Keppel Bay, one on the second floor at $3.85 million, and another on the eighth floor at $3.02 million.
The second floor unit sold at a $830,000 or 26% premium, above the eighth floor unit, despite being 150 sq ft smaller. This is likely due to it having a sea view.
On top of that, it appears that the eight floor unit, was sold below market price, at $1,169 psf, with the development’s recent transactions averaging $1,479 psf. The eighth floor unit was bought in July 2007 for $2,580,000 or $999 psf, thus fetching the owner a profit of $440,000 or 17% over nine years.
Caribbean At Keppel Bay is a 99 year leasehold condominium located on Keppel Bay Drive. Completed in 2004, the 969-unit development is within 500m from Habourfront MRT interchange and Vivo city.
Profits for the eighth floor unit
Profits for the second floor unit