Positive response for The Luxurie, Keppel Land’s latest home in Sengkang

Keppel Land Limited (Keppel Land) has achieved a strong take-up for its latest residential development, The Luxurie, in Sengkang, with more than 180 units sold at the average price of $980 psf since sales commenced just a week ago.

Mr Augustine Tan, President (Singapore Residential), Keppel Land said, "The positive take-up, with more than 82 per cent of the 220 launched units sold, reflects homebuyers' confidence in The Luxurie's strong value offerings such as its prime location near the MRT station and wide array of amenities, as well as Keppel's quality hallmark and attention to detail.

"The Luxurie is also the first suburban condominium to provide for private lap pools on ground-floor units and features an architecturally stunning clubhouse occupying the centrestage, which lend exclusivity and a higher level of sophistication in the precinct."

Homebuyers appreciate The Luxurie's easy and seamless connectivity to the rest of the island with its strategic location in the heart of Singapore's north-eastern hub. It is just a short stroll from the Compass Point mall and the Sengkang MRT and LRT stations.

Also located in close proximity are established schools, including Nan Chiau Primary School and Nan Chiau High School, and major expressways - Central Expressway, Tampines Expressway and Kallang-Payar Lebar Expressway which provide convenient vehicular access to the Central Business District and Changi Airport.

When completed in 2015, The Luxurie will comprise a total of 622 homes, ranging from one to four-bedroom units as well as penthouse units with thoughtful layouts and impeccable fittings and finishes such as German Teka kitchen appliances and ‘Hans Grohe' bathroom accessories.

Recreational and entertainment facilities include a 50-metre Olympic-length lap pool, a 30-metre leisure pool, hydro-fitness and hydro-therapy pools, a tennis court, a gymnasium as well as a dining and an entertainment pavilion with a private jacuzzi.

The above transaction is not expected to have any significant impact on the net tangible asset per share or earnings per share of Keppel Land for the financial year ending 31 December 2011.

For more information, please contact:

Media Relations

Eileen Tan
Executive
Group Corporate Communications
Keppel Corporation Limited 
Tel: (65) 6413 6430
Email: eileen.tan@kepcorp.com  

Investor Relations

Serena Toh
Deputy General Manager
Investor Relations & Research
Keppel Land Limited
Tel: (65) 6433 7546
Email: stoh@kepland.com.sg

This press release is also available at www.kepcorp.com and www.keppelland.com.sg