RPT - Singapore's Keppel Land to put more Keppel Bay apartments on market in Q1

---21 November 2006

SINGAPORE (XFN-ASIA) - Keppel Land Ltd will put up for sale apartments in its second condominium at Keppel Bay here in the first quarter of next year, after the apartments in the first were almost fully sold out, the company said.

The second condominium comprises six towers containing 1,200 apartments with a combined gross floor area of 2 mln square meters that will be put on the market in batches.

Keppel Land said it would begin construction next year and that it aimed to complete it by 2010.

The company's deputy general manager for marketing (residential), Albert Foo, told reporters that the last apartments in its first condominium at Keppel Bay had been sold for 1,200 sgd per square foot, but that apartments in the second were expected to fetch a higher price.

The development of Keppel Bay includes a 30 mln-sgd marina with space for close to 200 yachts which is due to be completed in the fourth quarter of next year.

(1 usd = 1.55 sgd)

Launched of Reflections at Keppel Bay,

Reflections at Keppel Bay
Location
: Keppel Bay Drive
Type of development
: Condominium
Tenure
: 99-year
No of Units
: 1,129 Some 493 units launched to date
Sales Status
: 97% of launched units sold (24-Jul-07)
Reflections at Keppel Bay is the second phase of the residential development in the Keppel Bay waterfront precinct.
Designed by world-renowned architect Daniel Libeskind, Reflections at Keppel Bay comprises a total of 1,129 luxurious waterfront condominium units housed in six glass towers of 24 storeys and 41 storeys as well as 11 blocks of 6- to 8-storey villa blocks. It offers choice units of 1- to 4-bedroom apartments and penthouses with sizes ranging from 700 sf to a super penthouse of 13,300 sf.
The towers will all be topped with sky gardens on sloping roof lines. Sky bridges will connect each pair of towers, providing pockets of open spaces high above the ground and platforms for appreciating the panoramic views of the sea and the lush surroundings.
This iconic development will feature a sculpture-like clubhouse with a full range of recreational facilities to meet the lifestyle of discerning homeowners. Every detail and aspect of design will optimise interaction with the sea and the commanding views of its scenic surrounds including Mount Faber, Keppel Club Golf Course, Labrador Park, Sentosa Island and its upcoming integrated resort, and the city skyline.
Homeowners of this exclusive development will enjoy a 10-year complimentary membership to the 170-berth Marina at Keppel Bay when it is completed and opened in December 2007. Located on Keppel Island and linked to the mainland by a landmark cable-stayed bridge that will be completed in mid-2007, Marina at Keppel Bay will be able to accommodate yachts of between 100 and 200 ft long.
Members will enjoy lifestyle facilities that include a clubhouse with a member's lounge, gourmet restaurants, recreational amenities and leisure charter services to access neighbouring islands
For more information, please visit the project website at

Reflections at Keppel Bay hits average sale price of S$1,900 psf

By Jeana Wong, Channel NewsAsia | Posted: 04 April 2007 0013 hrs

SINGAPORE : Keppel Land's latest waterfront home project - Reflections at Keppel Bay - is set to transform Singapore's west side into a premium waterfront living enclave.

The property developer is seeing strong demand for the project, which is setting a new benchmark at an average price of S$1,900 per square foot.

Tuesday was Day One of the soft launch, and already, transacted prices for units at Reflections at Keppel Bay surpassed those at Marina Bay Residences - the most recent waterfront property launched.

Reflections is Keppel Land's latest waterfront residential development - and the second of five planned residential projects in the area.

The developer said it expected at least three-quarters of the units up for sale during Tuesday's soft launch to be taken up.

Augustine Tan, Director, Singapore Residential, Keppel Land, added, "And we've done very well. Initially, we wanted to just launch 80 units. But because of the demand...to satisfy our customers, we've actually increased to about 150 units.

"We've yet to tally our prices. But I think it'll be in the range of S$1,900 per square foot to S$1,950 per square foot."

Keppel Land plans to sell the units in phases of about 200 to 300 units each.

Mr Tan said, "We're very mindful that we do not disappoint our customers. So we will review the plans when we come to it. If we can sell over 500 units in a very short period, then we have to review our plans again on whether we want to immediately sell the rest or to wait for a while."

With direct access to a marina, analysts have said Reflections is the catalyst needed for the West Coast to turn into the new East Coast.

This was despite properties on the East Coast, especially near the Tanjung Rhu and Meyer Road area, being the conventional choice for waterfront living.

Donald Han, Managing Director, Cushman & Wakefield, said, "For the West Coast, you're targeting on a pent-up demand, something that has never been there. So we expect a fairly good launch. We expect good take-up. We expect the developers to control the supply, not to release everything at one go.

"The West Coast is now playing catch up with the East Coast. And depending on the sell out, whether this project is going to be a sell-out, or the reception from the investors, overall, prices are being re-evaluated quite comparative to the East Coast market for premier, desired, quality lifestyle residential projects."

Although the recreational community and food and beverage outlets in the area are not as established as the ones in the East Coast, analysts have said there are a few other things going for the area.

There is the Sentosa Integrated Resort, as well as business enclaves like the HarbourFront Centre, the Alexandra Technopark and conglomerates like the PSA and NOL to offer a steady stream of corporate tenants.

Keppel Land plans to open Reflections at Keppel Bay for sale to the public this Friday. - CNA/ms

Reflections at Keppel Bay positions Singapore as global waterfront living destination

3 January 2007

Keppel unveils spectacular seafront homes in architect Daniel Libeskind's first Asian residential show piece

Reflections at Keppel Bay presents the new face to world-class waterfront living with its stunning architecture by master architect Daniel Libeskind.

A symphony of six glass towers and 11 villa apartment blocks will house 1,160 luxury homes along a 750-m shoreline, all of which enjoy unparalleled views of the waterfront, golf course and lush surrounds. The towers are of 24-storey to 41-storey heights while the villa blocks range from six-storeys to eight-storeys.

Combining heroic forms and classical elegance, the towers rise spontaneously as 'beacons of light' at the gateway of Singapore's southern waterfront hub comprising Keppel Bay, Harbourfront and Sentosa.

The towers are crowned with lush sky gardens on sloping rooflines, and are linked by sky bridges, providing pockets of open spaces and platforms with near 360-degree views of the spectacular surrounds.

Mr Teo Soon Hoe, Keppel Corporation's Senior Executive Director and Group Finance Director said, "Singapore's southern waterfront hub is undergoing rapid and dramatic change, with focus on the multi-billion dollar Sentosa Integrated Resort as well as the government's plans to develop the Southern Islands into a premium resort. These developments underscore the value and appeal of this waterfront precinct in the international arena.

"As the sole developer of Keppel Bay, the Keppel Group is committed to growing the value of this precinct in the long term, and what we envision is no less than a world-class precinct that will make Singapore the world destination for premier waterfront living.

"Reflections at Keppel Bay, optimising its distinctive strengths and integrating fully with its surroundings, will be a stunning contribution to the renewal of Singapore's southern skyline. It will complement key developments in this vicinity to create a thriving waterfront lifestyle hub in Singapore.

"Libeskind's signature at Keppel Bay presents a breakthrough in the design of residential developments in Asia as it raises the bar for waterfront homes worldwide."

Keppel Bay is set to put Singapore on the world's prime real estate map as a true waterfront precinct comprising the office development Keppel Bay Tower; Reflections at Keppel Bay; the FIABCI-award winning condominium, Caribbean at Keppel Bay; a world-class marina, Marina@ Keppel Bay ; future developments including very exclusive residences on Keppel Island and a new landmark cable-stayed bridge linking the mainland to Keppel Island.

Keppel Bay enjoys the rare confluence of location strengths - of being near the city yet within one of Singapore's best-loved nature and recreation enclaves surrounded by Vivo City; Sentosa and its Integrated Resort; Keppel Golf Club, as well as Labrador and Telok Blangah Hill parks.

Towering this waterfront precinct, the high rise units within Reflections at Keppel Bay will command a panoramic view of Singapore's southern coast, the Central Business District as well as Mount Faber.

The apartment sizes range from 732 sf studio apartments to a 12,900 sf five-bedroom super penthouse.

Reflections at Keppel Bay will also showcase stunning water features such as a 100,000 sf reflecting pool, which brings the waters right to the doorsteps of the apartments.

In conjunction with the showcase of Reflections at Keppel Bay, Keppel together with the Singapore Art Museum is presenting Beside, Between, Beyond: Daniel Libeskind's Reflections and Key Works, 1989-2014, an exhibition highlighting some of the master architect's most celebrated works spanning some 25 years across the world.

Of this joint effort with the Museum, Mr Lim Chee Onn, Executive Chairman of Keppel Corporation and Emeritus Chairman of National Heritage Board said, "Indeed, for us in Keppel, Reflections at Keppel Bay is living art at its finest. Crafted by architect Daniel Libeskind, Reflections is Daniel's first residential masterpiece in Asia.

"In my view, his creative intervention has frequently redefined urban landscapes around the world, and his works have very often provoked deep thought and reflection, and I might add, including the icon at Keppel Bay. Most definitely, he has impacted communities, injecting excitement, vibrancy, awe and pride in place of the conventional as well as the drab and dreary."

ReflectionsAtKeppelBay

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Singapore Keppel To Launch Libeskind-Designed Homes 1Q 07

-21 November 2006-

SINGAPORE (Dow Jones)--A joint venture between Keppel Corp. (K02.SG) and Keppel Land Ltd. (K17.SG) Tuesday said it will launch a waterfront condominium project designed by U.S. architect Daniel Libeskind in the first quarter of 2007.

The 1,200-unit development will feature six high-rise towers, some linked by skybridges, and spacious low-rise villas, Keppel Bay Ltd. said at a briefing on its plans for the Keppel Bay area along Singapore's southern coast.

The area was once the site of a shipyard run by Keppel Corp., which owns 53% of Keppel Land, and is near the resort island of Sentosa where Singapore plans to build its second casino.

"Because it is his (Libeskind's) first residential development in Asia, we expect there will be strong interest," a Keppel Corp. spokeswoman said.

Libeskind, a Polish-born American citizen, designed the Jewish Museum in Berlin and was the architect chosen for Freedom Tower, which will be built on the site of the former World Trade Center in New York.

Keppel Bay, which is 70% owned by Keppel Corp. and 30% held by Keppel Land, didn't provide sketches of the proposed development, although it said it was confident of strong sales having "test marketed" the design to a wide range of potential foreign buyers.

The joint venture has a completed condominium development in the area called the Caribbean, and it is currently building a marina on Keppel Island, a small island across Keppel Bay, and a 245 meter-long road bridge that will connect Keppel Island to the mainland.

Following the launch of the Libeskind project, the joint venture will have three residential sites left in the area - two on the mainland which will be used for condominiums, and the remaining land on Keppel Island which will likely be used for luxury villas, Keppel Bay's general manager Tan Tai Chiew said.