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The Reef at King’s Dock: An Insider’s Look into Waterfront Living at Its Finest

The transformation of the Greater Southern Waterfront has been an exciting development many Singaporeans have been looking forward to! With the prospect of a continuous recreational waterfront promenade, greener & open spaces, and plenty more rejuvenated facilities in conjunction with the introduction of prime waterfront residences, it is hard not to get excited! 

Developers, and homeowners alike, presented with this amazing opportunity have been jumping onto the bandwagon to get a piece of the action – with the introduction of prime waterfront developments! 

In the market for a waterfront property? Here is one you should definitely keep an eye out for! The Reef at King’s Dock is one of the latest private residential developments that will be launching soon.

In our exclusive review ahead of the launch, we will cover in detail, the key things you need to know about this exciting new waterfront development:

  • Features & Facilities
  • Location Analysis
  • Price Analysis

Let us dive into the details.

Features & Facilities: A Look Around The Reef at King’s Dock (429 Residences)

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King’s Dock in 1913

Wondering what is the story behind such an interesting name? The “King’s Dock” comes from the rich historical site that is built adjacent to – once the second-largest dock in the world – home to ships all over the world! That gives a whole new meaning to the name now, doesn’t it? The entire site of The Reef at King’s Dock is built alongside one of the edges of the historical landmark together with a 180-metre-long floating sun deck that extends right over the Dock itself.

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Whether you want to enjoy a splashing good time with your kids or soak in the tranquil sunset, the sun deck is well-equipped with facilities for you to have a good time:

  • Marine Viewing Hammock for those chill sunrise, and sunset experiences 
  • Rejuvenation Pool – with 3 separate functions – a Bubble pool, Jacuzzi Pool, and Hydrotherapy pool
  • A 50m lap for those looking for a more active workout
  • Leisure Pool – with a Splash pool, Bubble Deck, and even a Low Tide Pool for children to have fun frolicking around

Within the compounds of the development, homeowners will also find plenty of green spaces, fun zones, fitness areas and more that suit a wholesome living experience:

  • King’s Club & Lounge – for gatherings and events
  • A gym, studio, fitness zones, tennis court, and a bicycle park – for those with an active lifestyle
  • Various pavilions, gardens, a tranquillity deck, therapy corner, ponds, and more – pockets of green oasis for relaxation and precious me-time

To maximise the spectacular sea-front experience, The Reef at King’s Dock also incorporates common spaces that overlook the amazing views:

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  • Level 3: Meditation Deck  
  • Level 6: Wellness Deck 
  • Roof Garden: Alfresco Lounge, Sky Dining, Star-Gazing Terrace, and more

And that is just the common spaces. For your own private residence, each of the 429 residences (1 bedroom to 3-bedroom villas) has been purposefully designed to achieve luxury at its best – with natural marble and timber finishing’s, the incorporation of smart home controls, and more. Now if that doesn’t sound like the epitome of luxury waterfront living, we don’t know what does. With so many facilities at your doorstep, The Reef at King’s Dock is like a self-sufficient enclave where you can live, work, and play all in the comfort of your own home.

Location Analysis: Premium Waterfront Site with Unrivaled Accessibility

Proximity to Shopping Malls & Good Food

Apart from the fact that it is situated on a prominent historical site, The Reef at King’s Dock location simply cannot be beaten for a simple reason – it is the closest residential development next to Vivocity – Singapore’s premier mega mall! Just a stone’s throw away.

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With more than 1 million square feet, housing more than 300+ retail stores, and boasting anchor tenants like FairPrice Xtra, Best Denki, Golden Village, and library@harbourfront, Vivocity is the ultimate mall for any Singaporean – young, adult, or elderly!

It’s neighbour – Harbourfront Centre – apart from its direct link to the Singapore Cruise Centre (where all cruises set sail from), also boasts of a directory of retail shops that homeowners would find useful! From banking, money-exchange, groceries to halal eateries – anyone can get all their needs satisfied between these two malls combined.

For the foodies, you will be spoilt for choice by the range of food options nearby. From the affordable local delights at the neighbouring Seah Im Food Centre to picturesque waterfront restaurants along the Quayside Isle.

Now imagine all that being just at your doorstep! How incredible would that be?

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Plenty of Recreational Fun Options Nearby 

If shopping in malls is not your cup of tea, not to worry. The neighborhood has plenty of recreational fun options for you to choose from – all within a short bus ride or drive away.

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Want to set sail on a fun ocean getaway? Jump on a cruise at the neighbouring Singapore Cruise Centre, set sail on a yacht for a fishing trip, or catamaran for a relaxing day out at sea from the Sentosa Cove marina next door!

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The Southern Ridges
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Hort Park

Prefer hiking and outdoor trails? Enjoy immersing yourself in nature with the various scenic trails at Labrador Nature Reserve! If you are lucky you might even spot some native wildlife! Want something a little more challenging? Plan a hike up Mount Faber (just across the road!) and reward yourself with a panoramic view of the waterfront! Want more variety? Head over to Telok Blangah Hill Park, The Southern Ridges, Hort Park, or Kent Ridge Park just a few bus stops away! Don’t you feel spoiled for choice?

Looking for something more exciting for the kids? You will be glad to know that Sentosa – the Island of Fun – is just situated across the waterway from the development! Here are some of the fun thing you can look forward to:

  • Adventure Cove Waterpark
  • Universal Studios Singapore 
  • S.E.A Aquarium
  • Mega Adventure Park
  • Dolphin Island
  • HeadRock VR
  • HydroDash – Floating Aqua Park
  • Madame Tussauds 
  • And many more…

Highly Accessible Commercial Hub: Cut Down on Your Daily Commute

With more companies moving their headquarters to the city fringe – around the Harbourfront & Alexandra district, the neighbourhood around The Reef at King’s Dock is set to become an exciting commercial hub in the future! 

Working for Google, Unilever, Mondalez, and more?  You can look forward to living and working conveniently in the same district! 

Not working in the area? Not to worry, accessibility is one of the highlights of this waterfront residence. With not one but two MRT stations (Harbourfront & Telok Blangah) nearby and access to two MRT lines (North East & Circle Lines), getting to your workplace and anywhere around the island will be incredibly convenient!

  • 5 stops away from the heart of the shopping district
  • 2 stops away from the Central Business District

Price Analysis: Potential Capital Appreciation

Waterfront homes have always commanded a premium compared to inland homes, due to the appeal of fantastic views and great atmosphere. Additionally, with the limited space along the waterfront – they are increasingly in demand due to the potential value to appreciate over time! 

In the case of The Reef at King’s Dock, it is especially so – given the slated developments around the Greater Southern Waterfront in the immediate vicinity as per the URA Master Plan:

  • A continuous waterfront promenade that will connect West Coast Park all the way to the Labrador Nature Reserve
  • Park connectors that will link to East Coast Park, Sentosa, and more…
  • Incorporating better connectivity between the waterfronts and neighbouring hilltops 
  • Redevelopment of the existing Keppel Club site into a residential neighbourhood for up to 9000 new housing units
  • Introduction of even more recreational options – the redevelopment of old power stations at Pasir Panjang, new resorts, new attractions, and revitalization of Sentosa and more…
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With so many more facilities, better connectivity, and developments planned for the neighbourhood, The Reef at King’s Dock can most definitely look forward to a boost in real estate value over time. Not convinced? Just take a look at how the Caribbean at Keppel Bay, an existing residential development just next door has fared – 66.83% in appreciated value over the past 2 decades! And this is a performance that has yet to take into account future growth!

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Now imagine the potential growth for The Reef at King’s Dock with a longer lease, newer facilities, and closer proximity to the best that the neighbourhood has to offer. Sounds like plenty of potential, doesn’t it?

Is The Reef at King’s Dock The Perfect Waterfront Property for You?

  • Like your home to be in an exclusive, tranquil oasis?
  • Want a spectacular seaside view?
  • Enjoy luxe contemporary living?
  • Want to enjoy unrivalled connectivity and convenience?

If you have answered yes to the above questions, then you probably have an answer to the question in mind! Interested to learn more about The Reef at King’s Dock? Reach out to us at here for a more in-depth consultation and discussion about your needs.

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60% of Hong Leong’s Penrose Condo Sold Over Launch Weekend

SINGAPORE – The Hong Leong group sold 60.3 per cent of its Penrose condominium over its launch weekend, with the reception among buyers in line with recent data showing bullish new home sales defying the ongoing coronavirus pandemic.

As at 5pm on Sunday (Sept 27), 341 units out of 566 in the 99-year leasehold development in Sims Drive had been taken up, said Hong Leong in a media release.

The units were sold at prices starting from $788,000 for a one-bedroom apartment, $943,000 for a two-bedder, $1.33 million for a three-bedder and $2.11 million for a four-bedder, said Hong Leong in a media release on Sunday.

The condo’s apartments sizes range from 474 sq ft for a one-bedroom unit to 1,389 sq ft for a four-bedroom unit.

Take-up was good across all unit types, with the selling price working out to $1,500 to $1,700 per sq ft, said Hong Leong.

It added that nearly 85 per cent of the weekend’s buyers were Singaporeans, with permanent residents and foreigners making up the rest. “Keen interest was also seen from HDB upgraders across areas islandwide,” the company added.

Sales of new homes – mostly newly-launched condominiums – hit an 11-month high last month, defying the Hungry Ghost Month, and more importantly, the pandemic, the resultant recession and a surge in job losses.

Market observers have ascribed this to pent-up demand after Singapore’s two-month circuit breaker upended sales and planned launches. But other reasons given for the surge in new home sales were more buyers parking their money in property, which they see as a safe-haven asset amid an uncertain economy and volatile markets, and record-low interest rates making it seem a “good time” to get a home loan.

Ms Betsy Chng, head of sales and marketing at Hong Leong Holdings, said “timing and sensitive pricing” were the main factors behind the good response to the Penrose’s sales launch.

“Given the current climate, it is crucial to identify the right timing and price our projects thoughtfully according to market sentiments and each project’s value that includes location, design, and quality interiors,” she added.

The project is jointly developed by Hong Leong Holdings and City Developments, another member of the group. The District 14 development, which comprises five 18-storey towers, is a short walk to Aljunied MRT station and near the Pan-Island Expressway and Kallang-Paya Lebar Expressway. The Central Business District and Orchard Road are about 15 minutes’ drive away.

Property experts said new home sales may start to moderate in the coming months as pent-up demand from local buyers is absorbed into the market. But the gradual reopening of the economy and the setting up of fast lanes for essential travel could also result in more foreign demand for private homes here.

In line with Covid-19 preventive measures, balloting and booking of Penrose units were done virtually via Zoom. Online balloting began on Friday to determine the queue sequence of buyers for booking day, which started on Saturday.

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Penrose Condo Early-Bird Prices Start From S$788,000 at the Preview this Weekend

A 99-YEAR leasehold condominium jointly developed by Hong Leong Holdings and City Developments Limited will begin previews by appointment from Sept 12, Hong Leong Group said in a statement on Wednesday.

Early-bird prices for Penrose condominium, which is located at Sims Drive in District 14, start from S$788,000 for units with one bedroom, S$943,000 for those with two bedrooms, S$1.33 million for three bedrooms and S$2.11 million for four bedrooms.

The development comprises five 18-storey towers housing 566 units. Sizes of one-bedroom units start from 474 square feet (sq ft), 646 sq ft for two-bedroom units, 936 sq ft for three-bedroom units, and 1,389 sq ft for four-bedroom units.

The temporary occupation permit is expected to be obtained in July 2024, Hong Leong Group said.

Facilities at Penrose condominium include a childcare centre, 50-metre swimming pool, wellness gardens, a rooftop sky garden with unblocked views, as well as a pavilion for social gatherings and a treehouse pavilion.

The development is a 15-minute drive from the central business district and Orchard Road, and a six-minute walk to Aljunied MRT station. The neighbourhood is also linked to other parts of Singapore by the Pan Island Expressway and the Kallang-Paya Lebar Expressway.

Geylang Methodist School and Canossa Catholic Primary School are a five-minute and 15-minute walk away respectively.

Nearby hawker centres include Sims Vista Market & Food Centre, Haig Road Market & Cooked Food Centre and Old Airport Road Food Centre. There are cafes and restaurants in the neighbouring Katong and Joo Chiat districts, as well as shopping malls nearby, including Paya Lebar Quarter and Kallang Wave Mall.

Penrose condominium is also “well-positioned” to tap new growth areas, Hong Leong Group said. These include Kampong Bugis and the Kallang River precinct. The latter will see a rejuvenation of the waterfront with new walkways and cycling routes.

Hong Leong Holdings’ head of sales and marketing Betsy Chng said the project is “well-priced and within the reach of most Singaporeans looking to invest or simply to buy a beautiful and functional home to stay”.

The Penrose condominium sales gallery is located along Geylang Road, with vehicle access via Kallang Airport Drive.

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GuocoLand’s Mega Project Gets Bigger with Addition of $800m Site

Singapore property developer GuocoLand’s Guoco Midtown integrated mixed-use project has grown its footprint by acquiring a Government Land Sales site in Tan Quee Lan Street for $800.19 million.

Sitting directly above Bugis MRT station, the site will enable the developer to enlarge the $2.4 billion project’s retail and residential offerings. GuocoLand hopes to play its part in the transformation of the Beach Road/ Ophir-Rochor Corridor.

The combined site area will be 50 per cent larger than the existing project, adding up to 3.2ha and almost 1.5 million sq ft of total gross floor area. When completed in the first half of 2022, the entire project is expected to bring an additional 10,000 office workers, residents and visitors into the area daily.

Midtown Bay, a 33-storey tower comprising 219 one-to three-bedroom units spanning 409 sq ft to 1,324 sq ft, will be the only residential launch in an integrated development in the Central Business District (CBD) in the coming year.

To be launched for sale on Saturday, prices for a one-bedroom unit start at $1.38 million, while prices for a two-bedroom unit start at $2.08 million – an estimated starting price of about $3,000 per sq ft (psf) and $2,800 psf respectively, analysts say.

Mr Cheng Hsing Yao, group managing director of GuocoLand Singapore, said: “Midtown Bay is created for an urban lifestyle that integrates living, working and entertaining… It blurs the lines between home and office.”

He added that the Tan Quee Lan Street site will focus on family-sized and larger units.

“Guoco Midtown already has a basement connection to Bugis MRT station via Duo’s basement 2 shopping street. With the Tan Quee Lan site, we will be adding another connection that is much more direct between the MRT station and Guoco Midtown.”

The developer said it is looking at introducing public spaces on the Tan Quee Lan Street level, surrounded by food and beverage and retail options.

“But can the market take $3,000 psf in the Beach Road area for a 99-year leasehold? That would redefine the pricing of the Beach Road area as being equivalent to that of District 9,” said a real estate analyst.

Guoco Midtown will anchor the expansion of the CBD, said GuocoLand group president and chief executive Raymond Choong. While Guoco Midtown is located within the City Hall business district, the project will help anchor and consolidate three business districts including in Marina Centre and Bugis.

Mr Choong envisions Guoco Midtown to change the profile of the Beach Road area. To that end, the developer is building Midtown Hub, an 80,000 sq ft members-only business and social club that consists of private office suites, networking lounges and meeting and conference facilities. There will be collaborative work spaces, rooms for private gatherings and large rooms for events of up to 200 people.

The hub is an important part of the development’s leasing strategy.

“The hub will include two floors for the main office tenants to set up business laboratories or smaller office suites for shorter-term leasing… We are opening this hub to residents of Midtown Bay. The idea is open access to the meeting, entertaining and networking facilities of the hub for the residents,” said Mr Choong.

Mr Dominic Lee, head of PropNex’s luxury team, said: “It’s like having a WeWork space within the development.”

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Guoco Midtown to Jazz Up Beach Road and Feature New Flexible Leasing Concept

SINGAPORE – The Beach Road area is set for a fillip with the addition of a $2.4 billion mega mixed-use development, further cementing the Ophir-Rochor corridor as a work-live-play hot spot near the Central Business District.

Guoco Midtown by GuocoLand will feature a 30-storey office block, a residential tower with more than 200 units and an array of public spaces across a gross floor area of almost 1 million sq ft.

Set to be completed in the first half of 2022, it also comprises the conserved three-storey former Beach Road Police Station, which will house food and beverage outlets and boutique offices.

Explaining the project’s name, Mr Cheng Hsing Yao, group managing director of GuocoLand Singapore, said the developer’s vision for Midtown is for it to be like the midtown areas in many capital cities.

He cited locations in London and New York where exciting and eclectic mixes of shopping, culture, entertainment and prime corporate offices can be found.

“More corporate offices find it attractive to locate in midtown because talent attraction is important.

“It is more attractive (to workers) to be in a location where it’s very mixed with a lot of amenities and shops nearby rather than being in a pure office district,” he said at the unveiling of Midtown’s concept to the media on Monday (April 22) at Guoco Tower in Tanjong Pagar.

Guoco Midtown will have a pedestrian network that connects to Bugis MRT as well as the City Hall, Bugis and Marina Centre districts.

Mr Cheng said the development was planned with key work and lifestyle trends in mind.

This has resulted, for instance, in a new leasing concept for Midtown tenants as they ride the vagaries of business cycles.

For example, a multi-national corporation may want a separate office for innovation teams, or a start-up may scale up.

To that end, flexible and adaptable spaces that make up 15 per cent of office net lettable area will be set aside to give tenants the flexibility to expand or contract their teams without moving or renovating their main offices.

Mr Cheng said rental volatility may well result from the more flexible lease.

“That’s the primary reason why existing grade A offices are managed in a very rigid way, so that they can secure the stability of the rental,” he said.

“But we also realise that if we stay stuck in that sort of mindset, then we are not moving with the needs of our customers.”

He added that a diverse base of tenants will help mitigate the volatility and that in fact, flexibility can be a boon for developers too, leading to better retention rates as tenants do not have to move out when they expand.

Savills Singapore executive director Alan Cheong sees the move as a game-changing real estate solution.

“It is a win-win for both landlord and tenant as industries are being buffeted by disrupters and this makes business planning difficult in an uncertain world. These days, tenants need flexibility in terms of their spatial requirements,” he said.

He added that this would be good when marketing spaces to MNCs, which are often trapped in long-term leases.

He foresees that flexible space offered by developers in future buildings could even go up to 20 per cent or 30 per cent of lettable area.

Mr Raymond Choong, GuocoLand group president and chief executive officer, hopes the Guoco Midtown project will have a similar precinct-wide impact as Guoco Tower, also a mixed-use development, which “injected a fresh vibrancy” into Tanjong Pagar.