Redefining Waterfront Living in Singapore
Planning approval has been obtained for a landmark luxury waterfront condominium at Keppel Harbour, with recreation facilities and a commercial component. Keppel Land has a 30% stake in this prestigious project and is also the project manager. The remaining 70% stake is held by parent company, Keppel Corporation.
Details of this redevelopment project were unveiled in November 1999 amidst great expectations from the press and investment community. The 32-ha site of the century-old shipyard has been carved out into six distinctive plots to be developed over eight to ten years. These will offer a total gross floor area (GFA) of 435,000sm, of which the residential condominium makes up 88%, or 385,000sm of GFA.
The Keppel Harbour redevelopment site is endowed with a rare combination of natural assets and prime location. Nestled within Singapores well-known nature and recreation enclave and with a 1,200-metre-long-shoreline, it is just five minutes drive from the Central Business District.
With the lush greenery of Mount Faber as its backdrop, the site is also encircled by the undulating greens of Keppel Golf Club and Labrador Park at its western boundary, Sentosa Island to its south and the World Trade Centre as well as the proposed harbour front retail and entertainment hub at its eastern boundary.
The transport network is also superb with easy access to amenities in other parts of the country. Within walking distance are the new MRT station and the existing bus interchange, while the major expressways, East Coast Park, Ayer Rajah and Central Expressways are all close by.
The huge potential in this exceptional combination of site attributes will be unlocked by the Groups signature quality, into a hallmark development, set to redefine waterfront living in Singapore.
The Master Plan
The master plan has been carefully designed to optimise the rare natural attributes of the site, for privileged seafront living. The modern architecture maximizes interaction between the apartments and the sea with building heights graduating gently from four storeys along the seafront, to 10 storeys at the outer boundaries. There is also a cluster of five 28-storey blocks at the western plot, which will have panoramic sea and golf course views.
The development will be integrated with the sea with conversion of existing historic docks into private waterways, bringing the sea literally to the doorstep. Landscape architecture will skilfully carry the waterfront theme throughout the development, with extensive water features, courtyards and pavilions.
Some of the apartments will appear to be perched at the waters edge while others will look out into the waterway. All the units will enjoy spectacular water views with full height glass windows.
First Launch in 2000
Plot 2 has been scheduled for launch in phases commencing from the third quarter of 2000. This plot yields almost 1,000 apartments with a total GFA of 132,780sm. A large variety of apartments will be available in the four-storey to 10-storey apartment blocks. The two-bedroom, three-bedroom and four-bedroom apartments as well as the penthouses will come in a wide range of floor areas. These will be fitted with top quality finishes for a modern, serene and luxurious lifestyle.
The Plot 2 apartments are scheduled for completion in 2003 together with the proposed MRT station nearby.
The Keppel Harbour project will be a showcase for the bundling of Keppel Group's goods and services to provide customers with the best possible products and services. Several of the Group's subsidiaries such as Keppel TatLee Bank and Keppel Securities will provide special deals for the home buyers.
The Keppel Harbour project will be one of the first of Keppel Lands "smart homes" equipped with the latest technology. Every apartment will even be provided with a personal computer, with internet broadband access.
Residents of the Keppel Harbour development will have their own e-community through a dedicated intranet where they can read announcements from the management committee, do their shopping and banking, trade online, book facilities and make payments from their homes. They will also be able to videoconference, which will lower their international telephone bills and monitor the security of their homes.
The Keppel Harbour development will be given its own distinctive internet domain and all residents can use their domain name as their e-mail address (eg. firstname.lastname@example.org). Internet groups whether social, educational or sports can be formed over the intranet, fostering a closer-knit community.
Living the Good Life by the Waterfront
Waterside living has always been the premier choice for residence. In Singapore, successful sales of Pebble Bay, another quality Keppel Land project at the Tanjong Rhu riverfront area, reflect this strong aspiration.
Keppel Harbours unparalleled seafront location, architecture, quality and "Net-age" technology will meet this aspiration of Singaporeans, foreigners and investors alike. It will have a special appeal for investors looking for capital appreciation and rental yield as well as owner-occupiers such as professionals working in the financial district, the science parks, universities and hospitals nearby.
Development of Office Towers
in Joint Venture with PSA Corporation The Keppel Harbour redevelopment site also has planning approval for 39,000sm of commercial GFA. In optimising the potential of this commercial component, this plot will be amalgamated with part of PSA Corporations (PSA) land adjoining the eastern boundary of the Keppel Harbour site, to form part of a larger office park project. The amalgamated plot will yield a combined GFA of 102,000 sm of commercial space in twin 18-storey office towers and the existing Cable Car Tower.
Ground breaking took place in December 1999, and construction is scheduled for completion in 2003, together with completion of the adjacent MRT station and the northeast MRT line. Keppel Corporation will purchase one of the twin office towers from the joint venture company for its headquarters.
Conservation of the Historic Docks
The four historic docks on the Keppel Harbour site - Dock No. 1, Dock No. 2, Kings Dock and Queens Dock - have a rich history of being instrumental to the economic prosperity of Singapore.
In the 19th century, the increase in steam ships and the boom of trading activities in the Straits resulted in an imperative demand for docking facilities in Singapore. The deep waters of Keppel Harbour made it the natural choice for the Singapores first dock. Dock No. 1 was built in 1859 followed by Dock No. 2 in 1870. To cope with the still increasing demand and traffic boom, Kings Dock, the second largest dock in the world at that time, was completed in 1913. In 1957, Queens Dock was added to the three other docks, with great success.
Preservation and Transformation of the Historic Docks
Three of these historic docks will be converted into private waterways within the Keppel Harbour condominium, while a fourth private waterway will be created, bringing the sea right within the condominium enclave.
Keppel Land Limited