Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
Far East Company and Sekisui House were awarded the place in November 2022 when they sent the leading deal of $320.78 million for the government land sale (GLS) site. Although the builders have not publicly discussed the expected selling price of Hillhaven, EdgeProp Singapore approximates that the proposal will certainly have a breakeven price of $2,035 psf.
The Arcady at Boon Keng is a freehold property development located on Serangoon Roadway in District 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. Different joint venture partners consist of SLB Development and H10 Holdings.
Consumers preview is going to carry on up until Thursday Jan 18 and the common reservation of units will commence on Saturday Jan 20.
Replying to media inquiries from EdgeProp Singapore, a KSH Holdings speaker says that the developers are ‘delighted’ seeing the solid reaction from customers to their venture, adding that the sales team were actually surprised by the strong reaction and added discussion tables to suit the group have been deployed throughout the showflat.
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 viewers have actually been to the showflat over the Jan 6 and 7 weekend break.
The preview of The Arcady at Boon Keng and Hillhaven are the first two brand-new projects to view this year. Hence, the solid turn-out of potential buyers sends a strong sign to the market that community purchasers are eager to start the brand-new release market this year.
The new project comprises a blend of one-bedroom plus study units to four-bedroom plus study units, extending 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 state that costs are going to begin with $2,500 psf.
At least 3,000 site visitors flock the showflat of The Arcady at Boon Keng over its opening preview on Jan 6 and 7 despite the wet climate over the weekend. Another brand-new venture, Hillhaven situated at Hillview Rise, viewed about 2,000 clients come by its showflat this saturday and sunday.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold development that is jointly established by Singapore real estate giant Far East Company and Japanese company Sekisui House. The 341-unit property stands at Hillview Rise in District 23.
