‘Ground-floor four-bedder with private pool at Zion Residence, Corals at Keppel Bay on the block for $8.45 mil’

Knight Frank is set to auction off an impressively spacious four-bedroom apartment at Corals at Keppel Bay, Zion Residence, on January 16th. The 3,057 square foot unit is an owner’s sale and carries an estimated guide price of $8.45 million, a rate of $2,764 per square foot of the floor area. Boasting a grand living and dining room with a powder room for guests, in addition to the private swimming pool which only five units at Corals at Keppel Bay have the privilege to enjoy, Zion Residence will also be the only unit in the building with a view of the seafront and the nearby King’s Dock.

Featuring a kitchen connecting to the yard and household shelter, the living and dining room, as well as one of the en suite bedrooms offers jaw-dropping views of the sea and the private pool. Moreover, the other bedrooms face the sea or are aligned towards the condo’s landscaped gardens and the Zion Residence swimming pools. Meanwhile, the en suite master bedroom and an adjoining common bedroom share a private enclosed space, and the remaining en suite bedroom has its own private terrace overlooking the condo’s spacious pool.

Designed by the esteemed Daniel Libeskind, Zion Residence, Corals at Keppel Bay, was completed in 2016. The 366-unit condominium complex comprises eleven residential blocks spreading across between six to ten stories. Designed to evoke a representation of the meandering meander of coral reefs, each block’s orientation ensures its residents enjoy captivating views of the water features like the pools, the waterway, or the dockside promenade.

Corals at Keppel Bay is part of the Keppel Promenade, which is a redevelopment of the former Keppel Shipyard. In addition to Corals at Keppel Bay, residents have easy access to the nearby green spaces in the Telok Blangah area, such as Mount Faber, Labrador Park, and the Southern Ridges. These green spaces are coupled with several nearby commercial developments, including the VivoCity shopping mall at HarbourFront Walk, the Singapore Cruise Centre at Maritime Square, and Harbourfront Tower One and Two, located at Maritime Square. Zion Residence also enjoys close proximity toSentosa Island.

Since its launch in 2013, the average selling price at Zion Residence, Corals at Keppel Bay, stands at around $2,200 psf. The condo’s secondary market performance has kept pace, currently fairly priced at an average of $2,398 psf. The first recorded resale that crossed the $3,000 psf threshold was a 2,992 sq ft, three-bedroom unit, sold at $9 million ($3,008 psf) in October 2022. Additionally, the most expensive recorded resale so far is a 7,395 sq ft penthouse, which changed hands for $19 million ($2,569 psf) in April 2019.

The Reef at King’s Dock, another joint venture between Keppel Land and Mapletree Investments, was launched in January 2021; 65.3% of the units were taken up on the first day, at an estimated average price of $2,300 psf. As of now, the project is almost completely sold out, with a median price of $2,330 psf, according to the information from EdgeProp Singapore.

Zion Residence is conveniently nestled near to various amenities, including quality educational institutions, retail outlets, shopping malls, and eateries. Residents will also have easy access to the Clarke Quay and Robertson Quay for their nightlife entertainment.

All in all, with its luxurious amenities and modern design, Zion Residence, Corals at Keppel Bay, is an ideal real estate investment to make.