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 site visitors flock the showflat of The Arcady at Boon Keng over its introduction sneak peek on Jan 6 and 7 in spite of the wet weather condition over the weekend. Another new project, Hillhaven situated at Hillview Rise, observed about 2,000 clients drop by its showflat this saturday and sunday.
The preview of The Arcady at Boon Keng and Hillhaven are the very first 2 new properties to preview this year. Thus, the solid turn-out of prospective buyers sends a solid sign to the marketplace that community customers are eager to kickstart the fresh launch market this year.
Consumers preview will proceed up until Thursday Jan 18 and the public reservation of units are going to start on Saturday Jan 20.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold development that is jointly established by Singapore real property giant Far East Organization and Japanese business Sekisui House. The 341-unit property development stands at Hillview Rise in Area 23.
Responding to media questions from EdgeProp Singapore, a KSH Holdings speaker claims that the property developers are ‘delighted’ seeing the solid reaction from buyers to their project, adding that the sales group were actually caught off-guard by the strong action and added conversation tables to fit the group have been deployed all over the showflat.
The Arcady at Boon Keng is a freehold property development situated on Serangoon Roadway in District 12. The 172-unit residence is a redevelopment of the former Euro-Asia Condos that was bought enbloc for $222.18 million in 2022 by a consortium led by local real estate developer KSH Holdings. More shared venture partners consist of SLB Development and H10 Holdings.
Far East Company and Sekisui House were awarded the site in November 2022 when they submitted the top deal of $320.78 million for the government land sale (GLS) site. Although the property developers have not openly discussed the expected selling price of Hillhaven, EdgeProp Singapore estimates that the project will certainly have a breakeven cost of $2,035 psf.
Hillhaven consists of a mix of two- 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 guests have actually been to the showflat over the Jan 6 and 7 weekend break.
The new plan comprises a mix up of one-bedroom plus study units to four-bedroom as well as study units, ranging from 527 sq ft to 1,625 units. There are also 2 penthouse units of 2,433 sq ft and 2,583 sq ft. The builders say that costs are going to begin with $2,500 psf.
