DEAL WATCH: Duplex penthouse at Caribbean at Keppel Bay for sale at $1,089 psf

/ EdgeProp
October 6, 2017 5:00 PM SGT
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A duplex penthouse at Caribbean at Keppel Bay has been listed for sale at $2.83 million ($1,089 psf) on the website. The price has been adjusted from the $3.03 million asking price a month ago.
Completed in 2004, Caribbean at Keppel Bay comprises 22 ten-storey blocks with 969 units. (Credit: Samuel Isaac Chua/The Edge Singapore)
The 2,583 sq ft, four-bedroom duplex penthouse is on the ninth floor and comes with a roof terrace. The living room and bedrooms have unobstructed views of the waterway and the yachts parked at the marina at Keppel Bay.
According to Irene Quek, a senior associate director at OrangeTee who is the marketing agent, the penthouse was leased to a corporate tenant for the past four years at a monthly rent of $9,500. It is now available for sale with vacant possession.
The owner, a Singaporean, purchased it in 2006 from the developer, Keppel Land.
The 969-unit Caribbean at Keppel Bay was competed in 2004. It has 22 ten-storey blocks, most of them with views of waterways or pools. Some blocks have views of the sea and Sentosa Island. The units are a mix of two- to four-bedroom apartments and penthouses ranging from 840 to 6,135 sq ft.
The latest transaction at the development was for an 872 sq ft, two-bedroom unit on the sixth floor of one of the blocks that changed hands for $1.4 million ($1,606 psf) in September.
The most recent transaction of a four-bedroom penthouse at Caribbean at Keppel Bay was in March, when a 2,583 sq ft unit on the eighth floor of one of the blocks fetched $2.825 million ($1,094 psf), according to a caveat lodged then.
Caribbean was the first of three high-end condominiums developed by Keppel Land at Keppel Bay. The other two are the 366-unit Corals, which was completed last year, and the 1,129-unit Reflections at Keppel Bay, which obtained its Temporary Occupation Permit in 2011.
Both Reflections and Corals were designed by world-acclaimed architect Daniel Libeskind.
Caribbean has been popular with both owner-occupiers and expatriates as it is near HarbourFront, where the VivoCity mall and HarbourFront MRT station are, as well as the monorail to Sentosa Island.
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This article appeared in EdgeProp Pullout, Issue 800 (Oct 9, 2017)

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