Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The Arcady at Boon Keng is a freehold project based on Serangoon Roadway in District 12. The 172-unit condominium is a redevelopment of the previous Euro-Asia Condos which was acquired enbloc for $222.18 million in 2022 by a consortium led by community real property developer KSH Holdings. Other shared venture partners include SLB Development and H10 Holdings.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the very first 2 new ventures to view this year. Thus, the strong turn-out of possible purchasers sends a strong signal to the marketplace that town purchasers are keen to start the new launch market this year.
At least 3,000 guests thronged the showflat of The Arcady at Boon Keng on its opening viewing on Jan 6 and 7 despite the wet weather condition over the weekend break. Another brand-new project, Hillhaven positioned at Hillview Rise, saw about 2,000 people come by its showflat this weekend.
Responding to media questions from EdgeProp Singapore, a KSH Holdings speaker claims that the builders are ‘delighted’ finding the solid action from purchasers to their venture, adding in that the sales team were caught off-guard by the strong reaction and additional conversation tables to accommodate the crowd have been released through the showflat.
Far East Organization and Sekisui House were granted the site in November 2022 when they sent the leading offer of $320.78 million for the government land sale (GLS) site. Although the property developers have not publicly discussed the anticipated asking price of Hillhaven, EdgeProp Singapore estimates that the proposal will have a breakeven price of $2,035 psf.
The weekend also saw the preview of Hillhaven, a 99-year leasehold development that is collectively established by Singapore real estate giant Far East Company and Japanese company Sekisui House. The 341-unit property development is located at Hillview Rise in District 23.
The brand-new plan makes up a blend of one-bedroom plus study units to four-bedroom as well as study units, extending from 527 sq ft to 1,625 units. There are likewise two penthouse units of 2,433 sq ft and 2,583 sq ft. The developers claim that rates will most likely begin with $2,500 psf.
Hillhaven makes up a mix of two- to four-bedroom unit types varying from 678 sq ft to 1,636 sq ft. The project has been open for preview since Saturday Jan 6 and over 2,000 viewers have been to the showflat over the Jan 6 and 7 weekend break.
The public preview is going to carry on up until Thursday Jan 18 and the open booking of units will commence on Saturday Jan 20.