Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
More than 3,000 visitors thronged the showflat of The Arcady at Boon Keng over its opening preview on Jan 6 and 7 in spite of the wet weather over the weekend. Another new venture, Hillhaven positioned at Hillview Rise, saw about 2,000 clients drop by its showflat this saturday and sunday.
Hillhaven comprises a mix of 2- to four-bedroom unit types varying from 678 sq ft to 1,636 sq ft. The project has been open for preview ever since Saturday Jan 6 and over 2,000 viewers have been to the showflat over the Jan 6 and 7 weekend break.
The Arcady at Boon Keng is a freehold property development based on Serangoon Roadway in Area 12. The 172-unit residence is a redevelopment of the former Euro-Asia Flats which was bought enbloc for $222.18 million in 2022 by a consortium guided by community real property builder KSH Holdings. More mutual venture partners include SLB Development and H10 Holdings.
The brand-new project comprises a blend of one-bedroom and also study units to four-bedroom as well as study units, varying from 527 sq ft to 1,625 units. There are additionally 2 penthouse units of 2,433 sq ft and 2,583 sq ft. The builders claim that rates will begin with $2,500 psf.
Far East Organization and Sekisui House were awarded the site in November 2022 when they sent the leading offer of $320.78 million for the government land sale (GLS) site. Even though the developers have actually not freely discussed the anticipated asking price of Hillhaven, EdgeProp Singapore estimates that the property will have a breakeven rate of $2,035 psf.
The public sneak peek will proceed until Thursday Jan 18 and the open booking of units will start on Saturday Jan 20.
The preview of The Arcady at Boon Keng and Hillhaven are the first 2 new properties to preview this year. Thus, the good turn-out of possible buyers sends a solid indicator to the market that community customers are eager to kickstart the new release market this year.
The weekend also saw the preview of Hillhaven, a 99-year leasehold property development that is jointly built by Singapore real estate giant Far East Organization and Japanese company Sekisui House. The 341-unit development stands at Hillview Rise in District 23.
Responding to media queries from EdgeProp Singapore, a KSH Holdings spokesperson claims that the property developers are ‘excited’ experiencing the solid feedback from purchasers to their project, adding in that the sales group were actually caught off-guard by the solid response and extra conversation tables to suit the group have been set up through the showflat.
