Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The weekend also saw the preview of Hillhaven, a 99-year leasehold development that is jointly established by Singapore property giant Far East Organization and Japanese firm Sekisui House. The 341-unit property development lies at Hillview Rise in Area 23.
Answering to media questions from EdgeProp Singapore, a KSH Holdings representative claims that the developers are ‘thrilled’ experiencing the strong action from purchasers to their project, including that the sales group were actually surprised by the strong action and added dialogue tables to accommodate the crowd have been set up throughout the showflat.
The public preview is going to continue till Thursday Jan 18 and the common booking of units will start on Saturday Jan 20.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the initial 2 new properties to view this year. Therefore, the strong turn-out of potential buyers sends out a solid indicator to the marketplace that town buyers are eager to start the brand-new start market this year.
Hillhaven comprises 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 ever since Saturday Jan 6 and over 2,000 guests have been to the showflat over the Jan 6 and 7 weekend break.
The brand-new property comprises a mix up 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 additionally 2 penthouse units of 2,433 sq ft and 2,583 sq ft. The builders claim that rates are going to begin with $2,500 psf.
The Arcady at Boon Keng is a freehold project situated on Serangoon Road in District 12. The 172-unit condominium is a redevelopment of the former Euro-Asia Apartments that was acquired enbloc for $222.18 million in 2022 by a consortium led by local real estate developer KSH Holdings. Different mutual venture associates include SLB Development and H10 Holdings.
Far East Organization and Sekisui House were awarded the area in November 2022 when they submitted the leading deal of $320.78 million for the government land sale (GLS) site. Although the developers have actually not publicly shared the expected asking price of Hillhaven, EdgeProp Singapore predicts that the proposal will certainly have a breakeven rate of $2,035 psf.
More than 3,000 site visitors flock the showflat of The Arcady at Boon Keng over its opening viewing on Jan 6 and 7 regardless of the wet weather condition over the weekend. Another new venture, Hillhaven positioned at Hillview Rise, saw about 2,000 consumers visit its showflat this weekend.
