Unit at Reflections at Keppel Bay on the market for $2.15 mil

A 2 bedroom unit at Reflections at Keppel Bay, found on Keppel Bay View in District 4, is available for deal under reserved negotiation at $Two point One Five million, according to Edmund Tie, that has actually been delegated promoting agent from the financial institution taking on the mortgagee purchase.

The ground-floor apartment, that covers One thousand Two hundred Eighty One square foot, offers a “appreciable” outdoor patio. It appropriates for families having little ones or family pets since the area could be used as a backyard, claims Joy Tan, senior director, head of auction and sales at Edmund Tie.

Midtown Bay Floor Plan

Units about the same sizing at the property have actually earned rents of $4thousand 3hundred to $6.2K from October to Dec’21, based upon Urban Redevelopment Authority interests logged in. Nonetheless, as Reflections at Keppel Bay is a mega property with 1,129 units, “rental fees for similar sized units will range because of the apartment’s frontage.

“The property belongs to the introduced plans of the Greater Southern Waterfront City, and also may quite possibly see funding gain down the road as the govt infuses more living work fun facilities and also conveniences toward the neighborhood,” Joy adds.

Tan feels that the unit will be appealing to the two investors as well as owner-occupiers.

The most recent deal at the property development was on Dec30 2021, while an One thousand One hundred Fifty Two square foot apartment on the eighth storey shifted hands for $2.06 mil. Previously that month, on Dec7, a 2.626K square feet unit at the eleven level happened to be offered at $4.14 million, based upon Urban Redevelopment Authority cautions logged in.

The development is a 7 minute stretch to Telok Blangah MRT Terminal along the Circle Line. Weekend facilities together with strolling trails close to the property development feature Keppel Club, Mount Faber and Labrador Park.

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