Friday, March 23, 2012

KepCorp / Keppel Land

KepCorp / Keppel Land: Have announced that they have commissioned architect Daniel Libeskind for the plot 3 development at Keppel Bay. To recap, Daniel Liebskind was also responsible for the design of Reflections at Keppel Bay.

Plot 3 is located along the King’s Dock, and the new development is envisioned by Keppel Corp and Keppel Land to be a premium waterfront property comprising 367 homes. Keppel has not yet set an official launch date for the plot. While the current property market is soft, Kim Eng envisage that the development will be sold for at least $2,200 psf, which could generate around $280m in development profits for Keppel Corp's 70% stake, all in.

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