SIX directors of the Keppel group of companies, as well as the chairman's son, have picked up units at red-hot Marina Bay Residences at prices ranging from $2.77 million to $4.45 million.
They are paying a total of $26.35 million for seven apartments at the sold-out project, which is jointly developed by Keppel Land, Cheung Kong Holdings and Hongkong Land.
Mr Andrew Lim, son of Keppel Corporation chairman Lim Chee Onn, forked out $3.7 million for a 36th floor unit in the development, where prices averaged about $1,900 per sq ft (psf).
The other buyers include Keppel Land directors Lim Ho Kee, Lee Ai Ming and Heng Chiang Meng, as well as the company's managing director Kevin Wong.
As well, Keppel Corp directors Lim Hock San and Yeo Wee Kiong managed to snag apartments in the 422-unit condominium.
Mr Yeo also bought a unit in another Keppel-developed project, Sixth Avenue Residences, in which Keppel Land has a 52 per cent stake.
Apartments at the Sixth Avenue condominium were also purchased by Mr Lim Hock San's daughter, Ms Lim Wern Chin, as well as Mr Lim Ho Kee's wife and brother.
Prices at Sixth Avenue Residences are about $1,000 psf on average.
FIONA CHAN
