Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The new project consists of a blend of one-bedroom plus study units to four-bedroom plus study units, ranging from 527 sq ft to 1,625 units. There are also 2 penthouse sections of 2,433 sq ft and 2,583 sq ft. The developers state that prices will most likely begin with $2,500 psf.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the initial two new properties to view this year. Thus, the strong turn-out of possible buyers sends out a strong sign to the marketplace that local purchasers are keen to kickstart the new release market this year.
Replying to media questions from EdgeProp Singapore, a KSH Holdings agent claims that the builders are ‘delighted’ finding the strong feedback from purchasers to their project, adding in that the sales team were actually caught off-guard by the solid action and extra dialogue tables to accommodate the group have been set up throughout the showflat.
People sneak peek will proceed until Thursday Jan 18 and the open reservation of units are going to begin on Saturday Jan 20.
The Arcady at Boon Keng is a freehold property development based on Serangoon Roadway in District 12. The 172-unit residence is a redevelopment of the prior Euro-Asia Apartments that was bought enbloc for $222.18 million in 2022 by a consortium led by community property builder KSH Holdings. Other joint business associates include SLB Development and H10 Holdings.
Hillhaven consists of a mix of 2- to four-bedroom unit types ranging from 678 sq ft to 1,636 sq ft. The project has actually been open for preview ever since Saturday Jan 6 and over 2,000 guests have actually been to the showflat over the Jan 6 and 7 weekend.
Far East Company and Sekisui House were awarded the site in November 2022 when they provided the top offer of $320.78 million for the government land sale (GLS) site. Although the property developers have not freely shared the expected asking price of Hillhaven, EdgeProp Singapore predicts that the proposal will certainly have a breakeven price of $2,035 psf.
More than 3,000 visitors flock the showflat of The Arcady at Boon Keng on its introduction viewing on Jan 6 and 7 regardless of the wet weather condition over the weekend. Another new venture, Hillhaven positioned at Hillview Rise, observed about 2,000 consumers come by its showflat this weekend.
The weekend also observed the preview of Hillhaven, a 99-year leasehold property development that is collectively developed by Singapore real property giant Far East Company and Japanese business Sekisui House. The 341-unit property stands at Hillview Rise in Area 23.