
To date, 88% of the 950 units launched at Reflections have
been sold. Most recently, the project saw the sale of three units in March. A
1,442sqft, three-bedroom unit on the 23rd floor was sold for $3.1 million
($2,149psf) in a sub-sale. And a two-bedroom unit on the 13th floor changed
hands for $1.89 million ($1,618psf). Meanwhile, another two-bedroom unit on the
14th floor transacted at $1.9 million ($1,650psf). The highest unit price
recorded at Reflections at Keppel
Bay was for a
four-bedroom unit on teh fifth floor of one of the sixth-storey villa tower. the
unit, which is said to have unobstructed sea views, fetched $11 million
($3,256psf) last November. the buyer is a Singaporean.
According to Samuel Eyo, director of Savills' Prestige
Homes, the difference in unit prices can be attributed to the differences in
views. "A key draw of Reflections at Keppel Bay
is its waterfront views and lifestyle options," says Eyo. "Units with
better views can sell for about $2,000psf." He adds that the development
has seen a good mix of locals and foreigners who are buying units for personal
use and investment. "Units can fetch a rental rate of $6 to $7psf," says
Eyo.
Skyline Residences also saw renewed buying interest in
March, after a lull following the latest property cooling measures in December.
expected to be completed in 2015, the freehold development located at Telok
Blangah saw three transactions in March, based on caveats lodged with URA
Realis. Developed by Bukit Sembawang Estates, the 231-unit condo has a mix of
one- to five-bedroom units. A unit that was recently sold was a 14th-floor one-bedroom
unit that went for $1.07 million ($2,224psf). Another transaction was for a
sixth-floor, three-bedroom unit that changed hands for $2.6 million
($1,967psf). The third transaction was for a 13th-floor, two-bedroom unit that
went for $1.6 million ($1,968psf).
Skyline Residences is a redevelopment of the former Fairways
Condominium and is within walking distance to the Telok Blangah MRT station. While
some units at the project enjoy sea views, Skyline Residences cannot be compared
with Reflections at Keppel Bay as the latter offers a whole new waterfront
living lifestyle and is targeted at a different segment of the market
altogether, says Savills' Eyo.

Purchasers of Harbourlights are mainly end-users, says Eyo. "Telok
Blangah is attractive to buyers because it is close to the city and MRT staions
and there are shopping malls like Harbourfront and VivoCity located close by,"
he notes.
Source: THEEDGE SINGAPORE
.
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