The Reef at King’s Dock sells over 90% of units released during launch weekend

1 Feb 2021

Unit prices ranged between $2,000 per sq ft (psf) and $2,800 psf, while the average price stood at $2,330 psf.

The Reef at King’s Dock received robust interest during its launch weekend, with 280 of the 300 units released snapped up, revealed joint developers Mapletree Investments and Keppel Land.

Unit prices ranged between $2,000 per sq ft (psf) and $2,800 psf, while the average price stood at $2,330 psf.

“Due to the strong demand, another 100 units were added to the initial 200 units released,” said the developers.

They noted that the positive sales momentum over the weekend was mainly driven “by strong demand from a good mix of singles, young couples and families, who were drawn to the project’s prime location and myriad offerings”.

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Singaporeans and permanent residents accounted for over 90% of buyers, with a good mix of investors and owner occupiers.

The Reef at King’s Dock saw a good mix of sales for its one- to three-bedroom units, with all the one-bedders at the development fully sold.

The remaining units comprise a mix of premium two- and three-bedroom units that will be released in subsequent phases.

“We are heartened by the positive take-up of The Reef at King’s Dock, which reflects the trust that discerning homebuyers have in Mapletree and Keppel Land in delivering high-quality homes with thoughtful features,” said Ng Ooi Hooi, President (Singapore and Regional Investments) at Keppel Land.

“We are confident that the project’s excellent attributes will continue to attract interest from prospective homebuyers and investors.”

The development’s sales gallery drew over 9,000 visitors over its two-week preview earlier in January.

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