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Monthly Archives: March 2010

Keppel sells 98% of 700 launched units at Reflections at Keppel Bay devt

Posted on 25 Mar 2010 | Comments Off

Demand for a new waterfront development, Reflections at Keppel Bay, has been positive, with 98 per cent of the 700 launched units sold as at the end of last month.

This was disclosed as the developer Keppel Land topped out the first tower today.

It’s the first of the six glass towers to be completed in the waterfront residence development.

Keppel Land chairman Choo Chiau Beng, who is also CEO of the parent Keppel Group, said positive economic sentiments, an improved job market and the buzz generated by the two integrated resorts, contributed to the return of buying interest in the residential market.

Keppel Land also disclosed that it launched another 30 units at the development for sale over the last weekend due to strong buyer interest.

Reflections at Keppel Bay has been billed as being ecologically responsible, achieving the Green Mark Gold Award by the Building and Construction Authority in 2008.

Reflections at Keppel Bay is master architect Daniel Libeskind’s first residential showcase in Asia.

Source : Channel NewsAsia – 24 Mar 2010

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Posted in Luxury Property, New Launches

Tagged Developer Sales, New Launches, Reflections, Reflections at Keppel Bay, Reflections Singapore

Real estate investment sales showing signs of strengthening: CBRE

Posted on 25 Mar 2010 | Comments Off

Property consultancy CB Richard Ellis (CBRE) on Wednesday said activity in the real estate investment sales market has started to strengthen with the recovery of the Singapore economy.

In the first three months of the year, sales of residential Government Land Sale sites have come up to nearly S$935 million.

Activity in the commercial sector, as well as the industrial sector, also picked up.

CBRE said that in light of the improved climate, total investment sales have amounted to S$4.4 billion in the first quarter so far.

That is some 16 times more than the S$274 million in the same period last year.

The private investment sales market has so far accounted for 77.2 per cent of the quarter’s total investment sales, while investment sales in the public sector have contributed the remaining 22.8 per cent.

The commercial investment market has also been active, chalking up 24.5 per cent of total investment sales in the quarter with S$1.08 billion to date.

In the industrial sector, CBRE said there have been 26 known transactions so far during the quarter – making up 26.3 per cent of total investment sales.

CBRE’s Executive Director of Investment Properties, Jeremy Lake, said that compared to a year ago, this year’s prospects in the investment sales market are positive and more than S$15 billion worth of investment sales could be transacted during the year.

He added that while most of the major investment sales transactions last year were dominated by Asian investors, there is now a diverse pool of buyers.

Source : Channel NewsAsia – 24 Mar 2010