Ave price, just over $2,000 psf

Keppel Land released a new high-rise tower block at its Reflections at Keppel Bay on the weekend, putting up a third of the blocks 83 units for sale in Singapore and Hong Kong. 
 
About 10 apartments have been sold since Saturday, at an average of just over $2,000 per sq ft (psf). Prices range from $1,500 to $2,300 psf, depending on the floor and the view. 
 
A two-bedroom apartment on a low floor would cost about $1.5 million, according to property agents. Reflections has a total of 1,129 units in six high-rise tower blocks and 11 low-rise villa blocks.

Expected to release this weekend

Keppel Land is expected to release this weekend in Hong Kong and Singapore about 30-40 units under the next phase of Reflections at Keppel Bay .

Singapore’s Southern Waterfront Precinct

Premier residential developments in Singapore’s southern waterfront precinct 
 
Keppel Land’s, Reflections, presents a 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 1,129 luxury homes along a 750-metre shoreline - all of which enjoy unparalleled views of the waterfront, the Keppel Club golf course and lush surrounds. 
 
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 will rise to 24 and 41 storeys while the spacious villa apartments are six to eight storeys high. Crowning the towers are 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. 
 
All 620 units in Phase One have been fully sold. The development is scheduled for completion in 2013. In the pipeline within the Keppel Bay precinct are three more sites for future development - two on the mainland and one other plot on Keppel Island.

Expected to set new price benchmarks

Remaining units at upmarket waterfront residence, Reflections at Keppel Bay, are expected to set new price benchmarks for condos in the harbourfront area. 
 
This bullish view came from its joint developer Keppel Land. 
 
620 units released under phase one were sold for an average of nearly S$2,000 per square foot. 
 
Keppel Land says they expects even higher prices for the remaining 509 units as some of the more expensive blocks have been reserved for phase two. 
 
He believes the super penthouse, which has an area of more than 12,000 square feet, will set a brand new price benchmark.

56 apartments for $286 million

A few months ago, an Islamic real estate fund set up by Kuwait Finance House and the Malaysian government-owned Amanah Raya Berhad, picked up two blocks (with a total of 56 apartments) at Reflections at Keppel Bay for about $286 million.