Unit at Reflections at Keppel Bay on the market for $2.15 mil

SINGAPORE (EDGEPROP) - A two-bedroom unit at Reflections at Keppel Bay, located along Keppel Bay View in District 4, is up for sale under private treaty at $2.15 million ($1,678 psf), according to Edmund Tie, which has been appointed marketing agent by the bank handling the mortgagee sale.

The ground-floor unit, which spans 1,281 sq ft, offers a “good-sized” patio. It is suitable for families with kids or pets as the space can be utilised as a play area, says Joy Tan, senior director, head of auction and sales at Edmund Tie. However, the new owner will need to renovate the unit, she adds.

Tan notes that the living area is spacious and opens out to the patio. There is also an open concept kitchen, which can be enclosed with glass partitions.

Units of the same size at the development have fetched rents of $4,300 to $6,200 from October to December 2021, based on URA caveats lodged. However, as Reflections at Keppel Bay is a mega development with 1,129 units, “rents for similar sized units may range due to the unit’s facing. For example, a same-sized unit on a top floor offering unblocked sea view might command a higher rate”, says Tan.

“The development is part of the announced plans of the Greater Southern Waterfront City, and will probably see capital appreciation in the future as the government injects more live-work-play facilities and amenities into the area,” she adds.

The government had previously announced its plans for the Greater Southern Waterfront, with the area stretching from Pasir Panjang to Marina East to be transformed into a new major gateway in the city-state.

Tan believes the unit will be attractive to both investors and owner-occupiers, who could be a young couple or single working professional.

Tan says the unit is located among low-rise villa blocks which are “well-liked by many expats”. She adds: “The development is also a popular condo among expats as a rental option due to its strategic location, being minutes away from the CBD, VivoCity, HarbourFront Centre, the Sentosa enclave and Mapletree Business City, which is located on Pasir Panjang Road. (Discover insightful data of any Singapore condominium with our condo directory)

The most recent transaction at the development was on Dec 30 last year, when a 1,152 sq ft unit on the eighth floor changed hands for $2.06 million ($1,789 psf). Earlier that month, on Dec 7, a 2,626 sq ft unit on the 11th floor was sold at $4.14 million ($1,576 psf), based on URA caveats lodged.

The development is a seven-minute walk to Telok Blangah MRT Station along the Circle Line. Recreational facilities and walking trails near the development include Keppel Club, Mount Faber and Labrador Nature Reserve.