A 1,248 sq feet, three-bedroom unit in Corals in Keppel Bay is going to be available for sale in Knight Frank’s property market on Feb 18. The land will probably be up for auction with an indicative cost from $2.18 million, which translates into approximately $1,745 psf around the ground area. The device was initially offered for sale a month, but was not able to discover a buyer at that moment.
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The iconic, 366-unit private home improvement was created by world-acclaimed architect Daniel Libeskind. Corals in Keppel Bay was his next job with the developer, Keppel Land. Before that, the architect made Reflections at Keppel Bay, that was his very first residential project in Asia.
Corals in Keppel Bay includes 11 blocks of five to ten storeys each. The development provides a mixture of one- to four-bedroom units from 570 sq feet to 3,660 sq feet, along with eight penthouses ranging from 4,930 sq feet to 7,868 sq ft. The 99-year leasehold growth has been completed in 2016.
Apart from its prime place in Harbourfront and proximity to Vivocity shopping mall, Corals in Keppel Bay is inside the projected Greater Southern Waterfront (GSW) — a 2,000ha urban rejuvenation job extending from Pasir Panjang into Marina East that will change the entire area to a new residential and commercial district across Singapore’s southern shore. Additionally, the evolution is linked to surrounding parks, such as Mount Faber, Labrador Park, along with also the Southern Ridges.
Based on Gwen Lim, senior director at Knight Frank,”that the Keppel Bay Area is regarded as an extremely desirable district with historical and financial significance. Included in this GSW transformation, residents in Corals in Keppel Bay is going to be near the brand new downtown along with a rejuvenated Sentosa Island”.
The fifth-floor unit faces the historical King’s Dock, a former Victorian age dry dock, along with Keppel Bay Tower on the opposite bank.
“Units facing King’s Dock and also the sea have been highly desired in Corals in Keppel Bay, and trades for these units are hovering over $2,000 psf recently. All of the bedrooms and living areas of the unit confront King’s Dock, and also the device faces away from sunlight on the west,” says Lim.
She adds:”Families that like waterfront lifestyle dwelling would come across this unit appealing concerning its modern design, close proximity to amenities, and also the entrance price.”
Since the beginning of 2019, three-bedroom units at Corals in Keppel Bay possess an average selling price of $2,318 psf across six trades.