Unit at Reflections at Keppel Bay on the market for $2.15 mil
A two room unit at Reflections at Keppel Bay, based on Keppel Bay View in Area 4, is up for deal under personal negotiation at $Two point One Five million, depending on to Edmund Tie, that has been selected advertising rep by the bank managing the mortgagee transaction.
The ground-floor apartment, which extends 1.281K sq ft, delivers a “beneficial dimension” patio area. It is suitable for households with little ones or pets since the spot could be utilized as a fun area, claims Joy Tan, senior director, head of auction and sales at Edmund Tie.
Apartments of the identical dimension at the property development have actually yielded rentals of $4thousand 3hundred to $6,200 from Oct to Dec’21, accorded to URA cautions lodged. Nonetheless, since Reflections at Keppel Bay is a huge property with 1.129K apartments, “rentals for equivalent measurements apartments will differ because of the unit’s frontage.
“The property development belongs to the released arrangements of the Greater Southern Waterfront City, furthermore are going to undoubtedly see resources appreciation down the road given that the government adds extra live-work-play facilities and also enhancements toward the place,” Joy continues.
Tan considers the unit is going to be appealing to both financiers together with owner-occupiers.
The most present transaction for the development went on 30Demember last yr, when a 1thousand 1hundred 52 square foot unit in the eighth storey changed hands for $Two point Zero Six million. Previous in Dec, on Dec7, a 2thousand 6hundred 26 square foot unit at the 11th level got sold off at $4.14 mil, based upon Urban Redevelopment Authority caveats registered.
The property development is merely a seven minute stretch to Telok Blangah train Station along the Circle Line. Recreational facilities plus strolling trails near the development entail Keppel Club, Mt Faber also Labrador Nature Reserve.