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7 Reasons Reflections at Keppel Bay Underperformed—Despite Its Iconic Design and Prime Waterfront Location

By Ryan J. Ong | Published 16 Jul 2025 | 0 comments | shares | 14 min read

BY Ryan J. Ong Published 16 Jul 2025 0 comments | 14 min read

BY Ryan J. Ong

A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.

In this Stacked Pro breakdown:

Overview

We tracked the price movements of Reflections at Keppel Bay from its completion in 2011 to 2024, and compared its performance to other 99-year leasehold condos in the Keppel Bay area, including Caribbean at Keppel Bay and Corals at Keppel Bay. Despite its iconic design and waterfront location, Reflections has seen uneven resale results, with many units showing muted returns. We broke down its transaction data and average quantum to understand why this high-profile project hasn’t performed as expected.

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