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)
