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 located on Serangoon Roadway in Area 12. The 172-unit condo is a redevelopment of the former Euro-Asia Flats which was purchased enbloc for $222.18 million in 2022 by a consortium led by community real estate developer KSH Holdings. More joint venture associates include SLB Development and H10 Holdings.
Responding to media queries from EdgeProp Singapore, a KSH Holdings agent states that the developers are ‘delighted’ seeing the solid reaction from purchasers to their project, adding in that the sales group were caught off-guard by the strong reaction and added conversation tables to fit the group have been released all over the showflat.
The brand-new project makes up a mix of one-bedroom and also study units to four-bedroom plus study units, varying from 527 sq ft to 1,625 units. There are also two penthouse sections of 2,433 sq ft and 2,583 sq ft. The developers claim that prices are going to begin with $2,500 psf.
Hillhaven makes up a mix of 2- to four-bedroom unit kinds varying 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 visitors have been to the showflat over the Jan 6 and 7 weekend break.
The weekend also observed the preview of Hillhaven, a 99-year leasehold property development that is mutually established by Singapore property giant Far East Company and Japanese company Sekisui House. The 341-unit property is located at Hillview Rise in Area 23.
More than 3,000 guests thronged the showflat of The Arcady at Boon Keng over its introduction sneak peek on Jan 6 and 7 regardless of the wet climate over the weekend. Another new venture, Hillhaven positioned at Hillview Rise, viewed about 2,000 people drop by its showflat this saturday and sunday.
The public sneak peek will continue till Thursday Jan 18 and the open reservation of units are going to start on Saturday Jan 20.
Far East Company and Sekisui House were granted the area in November 2022 when they sent the leading deal of $320.78 million for the government land sale (GLS) site. Even though the developers have not publicly shared the anticipated market price of Hillhaven, EdgeProp Singapore approximates that the property will certainly have a breakeven rate of $2,035 psf.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the first 2 new projects to preview this year. Therefore, the solid turn-out of possible customers sends out a strong signal to the market that town purchasers are keen to start the fresh start market this year.
