Demand remains for waterfront homes: Keppel Land

Romesh NavaratnarajahJuly 28, 2016

Corals at Keppel Bay-crop

Artist’s impression of Corals at Keppel Bay.

Despite the slow home sales in Sentosa, Keppel Land President Tan Swee Yiow believes that waterfront homes will continue to be sought after as such homes are rare, reported The Straits Times.

“How many units can you find in Singapore with such a view? There is demand from people who enjoy this lifestyle,” he said.

Over the years, Keppel Land has shown buyers the attractiveness of living in this area, with projects like Reflections at Keppel Bay and Caribbean at Keppel Bay, he said.

The company is also set to complete Corals at Keppel Bay in August, and plans to relaunch the remaining 44 percent unsold units later this year.

The 366-unit luxury condominium is situated on the mainland with views of Keppel Bay and Sentosa.

Keppel Land does not have to worry of Qualifying Certificate (QC) extension charges for its unsold units at the project since it acquired the site prior to December 2011 when the government introduced the rule.

During its launch in 2013, units at Corals at Keppel Bay went for an average price of $2,200 psf. Pricing for the next launch will be revealed closer to the date.

Notably, units at the project will now be equipped with the latest smart home technology.

The move comes after Keppel Land introduced such technology for 30 households at its 622-unit The Luxurie earlier this year. This included lighting control as well as a home security package which alerts residents of any motion or unwanted entry within the home’s off-limit areas.

Corals at Keppel Bay residents, on the other hand, will enjoy a more personalised and enhanced version of smart home technology via an application known as Habitap, which was created by Philip Tang & Sons.

“(Implementing smart home technology) is a continuous process of improvement, not a one-off exercise… We think residents will enjoy and benefit from it,” said Tan, adding that the company is also looking at introducing these features at its other projects like Highline Residences.

Philip Tang & Sons Chief Executive Franklin Tang noted that Habitap differs from other smart home technology as it is a fully integrated platform that allows a user to control devices within his home, as well as manage his lifestyle and community.

Corals at Keppel Bay, for instance, is said to be the first condominium to feature an RSVP system built into its smart home system.

Habitap also comes with a lifestyle section that is connected to transport companies, restaurants as well as food and grocery delivery companies, among others.

“We hope to become the standard for smart home living,” said Tang, who revealed that he is in talks with various companies in the hospitality and commercial sectors over the use of Habitap’s customised version.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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