Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The preview of The Arcady at Boon Keng and Hillhaven are the first 2 new projects to preview this year. Hence, the good turn-out of prospective buyers sends a strong sign to the marketplace that local buyers are eager to start the new release market this year.
The weekend also observed the preview of Hillhaven, a 99-year leasehold development that is mutually developed by Singapore real property giant Far East Company and Japanese firm Sekisui House. The 341-unit development stands at Hillview Rise in Area 23.
Far East Company and Sekisui House were granted the area in November 2022 when they provided the leading offer of $320.78 million for the government land sale (GLS) site. Despite the fact that the property developers have not openly shared the anticipated selling price of Hillhaven, EdgeProp Singapore approximates that the project will have a breakeven price of $2,035 psf.
Consumers sneak peek is going to proceed until Thursday Jan 18 and the open reservation of units will start on Saturday Jan 20.
Beyond 3,000 visitors thronged the showflat of The Arcady at Boon Keng on its introduction sneak peek on Jan 6 and 7 in spite of the wet climate over the weekend. Another new project, Hillhaven situated at Hillview Rise, saw about 2,000 people visit its showflat this weekend.
The Arcady at Boon Keng is a freehold project situated on Serangoon Roadway in District 12. The 172-unit condo is a redevelopment of the former Euro-Asia Apartments which was purchased enbloc for $222.18 million in 2022 by a consortium guided by community real estate developer KSH Holdings. More shared project associates consist of SLB Development and H10 Holdings.
Replying to media queries from EdgeProp Singapore, a KSH Holdings agent states that the developers are ‘thrilled’ experiencing the solid action from buyers to their project, adding that the sales team were actually surprised by the solid response and extra dialogue tables to fit the crowd have been released throughout the showflat.
Hillhaven consists of a mix of 2- 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 viewers have been to the showflat over the Jan 6 and 7 weekend break.
The brand-new plan consists of a mix of one-bedroom and also study units to four-bedroom as well as study units, ranging 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 developers say that costs will most likely start from $2,500 psf.
