DEAL WATCH: Seafront unit at Reflections at Keppel Bay up for sale at $7.8 mil

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/ EdgeProp
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November 3, 2017 5:00 PM SGT
Units in the villa blocks at Reflections at Keppel Bay front the marina and have unobstructed views of the sea (Credit: Samuel Isaac Chua / The Edge Singapore)
At Reflections at Keppel Bay, a 3,858 sq ft, four-bedroom unit on the fifth floor of one of the lowrise villa blocks fronting the marina has been put up for sale. The seller, believed to be a foreigner, had purchased the unit for $10 million ($2,769 psf) when the luxury condominium was launched a decade ago.
The 1,129-unit, 99-year leasehold project was designed by renowned architect Daniel Libeskind and completed in 2011. The project comprises six 24- and 41-storey towers and 11 six- to eight-storey villa blocks.
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As the owner of the four-bedroom unit lives overseas, the unit has been leased out for the last six years to the same tenant, who is paying a monthly rental rate of $17,000, says Valerie Yong, senior group director at Vestor Realty, the marketing agent for the unit. Yong says the tenant loves the unit as it commands views of the marina and the sea from the living room, master bedroom and junior master bedroom.
The owner of the unit has decided, however, to put it on the market at $7.8 million ($2,022 psf). “There’s interest in the unit for sale and even a serious offer,” says Yong.
This year, two other four-bedroom units of comparable sizes in villa blocks have been sold. A 3,722 sq ft unit on the seventh floor was sold for $7 million ($1,880 psf) in April; and a 4,357 sq ft unit also on the seventh floor was sold for $10 million ($2,294 psf) in March.
This article appeared in EdgeProp Pullout, Issue 804 (Nov 6, 2017)