The Keppel Bay neighbourhood is a microcosm of larger trends in urban living. Architects, developers, and designers are integrating the amenities of urban life with nature to appeal to modern families seeking a strong work-life balance. This has certainly been the case in Keppel Bay.
It is a short commute to Central Business District (CBD), yet it does not have the congestion of the down-town area. Waterways and boardwalks meander through the neighbourhood, connecting residents to Keppel Island and Labrador Nature Reserve. The result is a vibrant community of international and Singaporean families who can find peace and tranquillity only minutes from the hustle and bustle of city life.
This approach to urban living appears to be paying dividends for neighbourhood homeowners.
“The new pricing trend in the Prime Districts is that price-per-square foot (PSF) for leasehold apartments have caught up to that of freehold,” says Luqman Hakim, Head of Data at SRX Property. “I attribute this trend to the successful developments in Keppel Bay, specifically Reflections, Caribbean and Corals.”
Mr. Luqman says that, in the past, people have paid a premium for freehold. This gap has closed because Keppel Land’s leasehold developments in Keppel Bay have earned a higher PSF than its Prime District comparables, both freehold and leasehold.
“A combination of the quality of the developments and the sea has driven this valuation proposition,” says Mr. Luqman.
In addition, the developments in Keppel Bay are out-performing in terms of rental yield. The median rental yield is 3.1% versus 2.8% in other prime districts, which, of course, is good for investors seeking income.
Urban living. Nature. Good returns. Who says you can’t have it all?
If you are lucky, you may hear an Oriental Magpie Robin or a Black Oriole chirping in song as you walk along the boardwalk to Labrador Nature Reserve. This walk is one of many outdoor activities available to residents of Keppel Bay. There is fishing, sailing, boating, hiking, biking, and inline skating to name a few.