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THE Keppel group has become the latest developer here to cash in on the craze
for plush waterfront living.
It says it may build exclusive villas on the 5.3 ha Keppel Island that it owns
in Keppel Bay's home to a shipyard until 2000.
And it will launch a condominium designed by world renowned architect Daniel
Libeskind, who is designing the masterplan for New York's ground zero site.
Keppel said it will launch the 1,200-unit waterfront condo - known as Keppel
Bay phase two - early next year.
It will sit on about 84,000sqm of land on the mainland opposite the island,
with a shoreline of 750m, unusually long for a condominium. It will have six
high-rise blocks and some spacious low-rise apartments.
The condominium will be part of the 4.86 million sqft Keppel Bay mega
development, which is 70 per cent owned by Keppel Corp and 30 per cent by its
unit Keppel Land.
About 2,800 homes are set to built, including the existing 969-unit Caribbean
at Keppel Bay, which is almost sold out.
The most exclusive homes of the lot are likely to be reserved for Keppel
Island, where the Marina@Keppel Bay, a separate development, will be completed
by late next year. The marina will have high-end restaurants and tentative
plans are for high-end villas and possibly condominium units on the island.
A 245m cable-stay bridge, to be completed by the first quarter next year, will
link the island to the mainland.
Keppel also has two other smaller plots for condominiums on the other side of
the Caribbean. One is 3.4ha in size while the other, a joint venture with
Mapletree, is 2.9ha.
BAY LIVING: An artist's impression, showing the proposed
cable bridge and development on Keppel Island, superimposed on a recent photo of the area
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