Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
People preview is going to proceed till Thursday Jan 18 and the common booking of units are going to commence on Saturday Jan 20.
The weekend also observed the preview of Hillhaven, a 99-year leasehold property development that is jointly built by Singapore property giant Far East Company and Japanese firm Sekisui House. The 341-unit development lies at Hillview Rise in Area 23.
Hillhaven makes up a mix of two- to four-bedroom unit types ranging 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.
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 prior Euro-Asia Flats which was purchased enbloc for $222.18 million in 2022 by a consortium guided by community property developer KSH Holdings. More mutual business associates include SLB Development and H10 Holdings.
Far East Organization and Sekisui House were granted the area 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 not freely discussed the anticipated market price of Hillhaven, EdgeProp Singapore predicts that the proposal will have a breakeven cost of $2,035 psf.
At least 3,000 visitors flock the showflat of The Arcady at Boon Keng on its launching sneak peek on Jan 6 and 7 despite the wet climate over the weekend break. Another brand-new project, Hillhaven located at Hillview Rise, observed about 2,000 people drop by its showflat this saturday and sunday.
Answering to media questions from EdgeProp Singapore, a KSH Holdings speaker states that the property developers are ‘delighted’ experiencing the solid feedback from buyers to their venture, including that the sales group were caught off-guard by the strong reaction and additional conversation tables to accommodate the group have been released through the showflat.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the first two brand-new projects to preview this year. Therefore, the solid turn-out of possible customers sends a strong indicator to the market that town buyers are keen to start the new start market this year.
The brand-new plan comprises a mix 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 likewise 2 penthouse units of 2,433 sq ft and 2,583 sq ft. The developers state that costs will most likely start from $2,500 psf.
